Ur-Energy CFO exercises options, sells 103,536 shares

UR-ENERGY INC (URG) reported that its Chief Financial Officer, Roger L. Smith, exercised 103,536 common share options on 2026-08-24 at an exercise price of US$1.0403 per share (C$1.44, based on Cdn$1.00 = US$0.7224).

Rhea-AI Filing Summary

UR-ENERGY INC (URG) reported that its Chief Financial Officer, Roger L. Smith, exercised 103,536 common share options on 2026-08-24 at an exercise price of US$1.0403 per share (C$1.44, based on Cdn$1.00 = US$0.7224). He acquired 103,536 Common Shares and on the same day sold 103,536 Common Shares at US$1.4322 per share (C$1.9825) in a sale transaction. The options exercised were from a grant dated 2021-08-27 that vested in three equal annual installments and were scheduled to expire on 2026-08-27. Following the exercise, Smith reported 519,726 common share options held directly.

Insider Trade Summary

Exercise and Sale: 103,536 shares ($41K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider SMITH ROGER L.

Role CHIEF FINANCIAL OFFICER

Sold 103,536 shs ($148K)

Approx. gross sale proceeds $148K

Approx. exercise cost $108K

Approx. pre-tax spread $41K

Type	Security	Shares	Price	Value
Exercise	Common share options (right to buy) F1, F3	103,536	$0.00	$0.00
Exercise	Common Shares F1	103,536	$1.0403	$108K
Sale	Common Shares F2	103,536	$1.4322	$148K

Holdings After Transaction: Common share options (right to buy) — 519,726 contracts (Direct); Common Shares — 651,562 shares (Direct)

Footnotes (3)

1. F1. The options were exercised and the shares were acquired at $1.44 Canadian dollars, $1.0403 U.S. dollars is the equivalent price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7224).
2. F2. The shares were sold at $1.9825 Canadian dollars, $1.4322 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$0.7224).
3. F3. The 103,536 options were granted on 8/27/2021 and vested and became exercisable as follows: 34,512 on 8/27/2022, 34,512 on 8/27/2023; and 34,512 on 8/27/2024.

Key Figures

Options exercised: 103,536 options Exercise price: US$1.0403 per share Sale price: US$1.4322 per share +3 more

6 metrics

Options exercised 103,536 options Common share options exercised on 2026-08-24

Exercise price US$1.0403 per share Exercise price for 103,536 options (C$1.44 equivalent)

Sale price US$1.4322 per share Sale price for 103,536 Common Shares (C$1.9825 equivalent)

Options held after transaction 519,726 options Common share options held directly following the exercise

Foreign exchange rate Cdn$1.00 = US$0.7224 Rate used to convert Canadian dollar option and sale prices to U.S. dollars

Grant vesting tranches 34,512 options per tranche Vested on 2022-08-27, 2023-08-27, and 2024-08-27

Key Terms

Common share options (right to buy), derivative security, exercise or conversion, expiration date

4 terms

Common share options (right to buy) financial

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

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

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.

exercise or conversion financial

"transaction_action: derivative exercise/conversion"

expiration date financial

"expiration_date: 2026-08-27"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did URG CFO Roger L. Smith report in this Form 4?

Roger L. Smith exercised 103,536 common share options of UR-ENERGY INC on 2026-08-24, acquiring 103,536 Common Shares, and on the same date sold 103,536 Common Shares in a separate sale transaction.

At what prices did the URG CFO exercise and sell the 103,536 shares?

He exercised options at US$1.0403 per share (C$1.44) and sold the resulting 103,536 Common Shares at US$1.4322 per share (C$1.9825). Both U.S. dollar amounts reflect an exchange rate of Cdn$1.00 = US$0.7224 on the transaction date.

How many URG options does the CFO hold after these transactions?

After the option exercise, Roger L. Smith reported holding 519,726 common share options of UR-ENERGY INC directly, as shown in the derivative position reported following the transaction.

When were the exercised URG options originally granted and how did they vest?

The 103,536 options were granted on 2021-08-27 and vested in three equal tranches: 34,512 options on 2022-08-27, 34,512 on 2023-08-27, and 34,512 on 2024-08-27, after which they were exercisable.

Were the URG CFO’s transactions carried out under a Rule 10b5-1 trading plan?

No. The Form 4 indicates the Rule 10b5-1 checkbox as not checked, meaning these transactions were not affirmed as being made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/25/2026 - 05:08 PM EDT Accepted by SEC EDGAR 08/25/2026 - 05:08 PM EDT 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^*

SMITH ROGER L.

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026

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	08/24/2026		M		103,536	A	$1.0403(1)	755,098	D
Common Shares	08/24/2026		S		103,536	D	$1.4322(2)	651,562	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)	$1.0403(1)	08/24/2026		M			103,536	(3)	08/27/2026	Common Shares	103,536	$0	519,726	D

Explanation of Responses:

1. The options were exercised and the shares were acquired at $1.44 Canadian dollars, $1.0403 U.S. dollars is the equivalent price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7224).

2. The shares were sold at $1.9825 Canadian dollars, $1.4322 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$0.7224).

3. The 103,536 options were granted on 8/27/2021 and vested and became exercisable as follows: 34,512 on 8/27/2022, 34,512 on 8/27/2023; and 34,512 on 8/27/2024.

	/s/ Roger L. Smith	08/25/2026
	** 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)