Ur-Energy director exercises options, sells 87,858 shares

Rhea-AI Filing Summary

UR-ENERGY INC (URG) director Gary C. Huber reported an option exercise and related share sale. On 2026-08-25 he exercised 87,858 common share options at US$1.0405 per share (equivalent to C$1.44), acquiring the same number of common shares, then sold 87,858 common shares at US$1.4790 per share (equivalent to C$2.0468) the same day. Following the option exercise, he held 340,134 common share options directly.

Insider Trade Summary

Exercise and Sale: 87,858 shares ($39K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider HUBER GARY C

Role Director

Sold 87,858 shs ($130K)

Approx. gross sale proceeds $130K

Approx. exercise cost $91K

Approx. pre-tax spread $39K

Type	Security	Shares	Price	Value
Exercise	Common share options (right to buy) F1, F3	87,858	$0.00	$0.00
Exercise	Common Shares F1	87,858	$1.0405	$91K
Sale	Common Shares F2	87,858	$1.479	$130K

Holdings After Transaction: Common share options (right to buy) — 340,134 shares (Direct); Common Shares — 558,016 shares (Direct)

Footnotes (3)

1. F1. The options were exercised and the shares were acquired at $1.44 Canadian dollars, $1.0405 U.S. dollars is the equivalent price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7226).
2. F2. The shares were sold at $2.0468 Canadian dollars, $1.4790 U.S. dollars is the equivalent of the sales price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7226).
3. F3. The 87,858 options were granted on 8/27/2021 and vested and became exercisable as follows: 29,286 on 8/27/2022, 29,286 on 8/27/2023; and 29,286 on 8/27/2024.

Key Figures

Options exercised: 87,858 common share options Exercise price: US$1.0405 per share Sale price: US$1.4790 per share +3 more

6 metrics

Options exercised 87,858 common share options Exercised on 2026-08-25 by director Gary C. Huber

Exercise price US$1.0405 per share Effective option exercise price, equivalent to C$1.44

Sale price US$1.4790 per share Price for sale of 87,858 common shares on 2026-08-25

Shares sold 87,858 common shares Common shares sold by Gary C. Huber on 2026-08-25

Options held after transaction 340,134 common share options Derivative securities owned following the option exercise

Exchange rate C$1.00 = US$0.7226 Rate used to convert exercise and sale prices to U.S. dollars

Key Terms

Common share options (right to buy), Exercise or conversion of derivative security, derivative security

3 terms

Common share options (right to buy) financial

"security_title: Common share options (right to buy)"

Exercise or conversion of derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

derivative security financial

"derivative security, including options reported in the filing"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

What insider transactions did URG director Gary C. Huber report on this Form 4?

He reported exercising 87,858 common share options and acquiring 87,858 common shares, then selling 87,858 common shares on 2026-08-25. The actions were reported as a derivative exercise/conversion followed by a sale of the acquired shares.

At what prices did Gary C. Huber exercise and sell URG shares?

He exercised options at an effective price of US$1.0405 per share (C$1.44) and sold the resulting common shares at US$1.4790 per share (C$2.0468), based on the stated exchange rate of C$1.00 = US$0.7226 on the transaction date.

How many URG options does Gary C. Huber hold after these transactions?

After exercising 87,858 options, he held 340,134 common share options directly. This figure is reported as the total number of derivative securities owned following the option exercise transaction.

Were Gary C. Huber’s URG transactions made under a Rule 10b5-1 plan?

The filing’s Rule 10b5-1 checkbox is not checked, and the footnotes do not state that these transactions were made pursuant to a Rule 10b5-1 or other pre-arranged trading plan.

What vesting schedule applied to the URG options Gary C. Huber exercised?

The 87,858 options exercised were granted on 2021-08-27 and vested in three tranches: 29,286 on 2022-08-27, 29,286 on 2023-08-27, and 29,286 on 2024-08-27, after which they became exercisable as disclosed.

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Available on EDGAR 08/26/2026 - 05:08 PM Accepted by SEC EDGAR 08/26/2026 - 05:07 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

HUBER GARY C

(Last) (First) (Middle)

10758 W. CENTENNIAL ROAD

SUITE 200

(Street)

LITTLETON COLORADO 80127

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
UR-ENERGY INC [ URG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Shares	08/25/2026		M		87,858	A	$1.0405(1)	645,874	D
Common Shares	08/25/2026		S		87,858	D	$1.479(2)	558,016	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common share options (right to buy)	$1.0405(1)	08/25/2026		M			87,858	(3)	08/27/2026	Common Shares	87,858	$0	340,134	D

Explanation of Responses:

1. The options were exercised and the shares were acquired at $1.44 Canadian dollars, $1.0405 U.S. dollars is the equivalent price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7226).

2. The shares were sold at $2.0468 Canadian dollars, $1.4790 U.S. dollars is the equivalent of the sales price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7226).

3. The 87,858 options were granted on 8/27/2021 and vested and became exercisable as follows: 29,286 on 8/27/2022, 29,286 on 8/27/2023; and 29,286 on 8/27/2024.

	/s/ Roger L. Smith Roger L. Smith pursuant to Power of Attorney	08/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)