Ur-Energy CFO exercises options, sells 103,536 shares
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.
Positive
- None.
Negative
- None.
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 shares (Direct);
Common Shares — 651,562 shares (Direct)
Footnotes (3)
- 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).
- 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).
- 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
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
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.
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.
