Ur-Energy director exercises options, sells shares

UR-ENERGY INC (URG) director Robby Sai Kit Chang exercised 87,858 common share options on 2026-08-24 at an exercise price of US$1.0403 per share (equivalent to Cdn$1.44) and acquired the same number of common shares.

Rhea-AI Filing Summary

UR-ENERGY INC (URG) director Robby Sai Kit Chang exercised 87,858 common share options on 2026-08-24 at an exercise price of US$1.0403 per share (equivalent to Cdn$1.44) and acquired the same number of common shares. On the same date, he sold 75,588 common shares at US$1.4090 per share (equivalent to Cdn$1.9504). After the option exercise, he held 340,134 options to purchase additional common shares.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Chang Robby Sai Kit

Role Director

Sold 75,588 shs ($107K)

Approx. gross sale proceeds $107K

Approx. exercise cost $91K

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	$1.0403	$91K
Sale	Common Shares F2	75,588	$1.409	$107K

Holdings After Transaction: Common share options (right to buy) — 340,134 contracts (Direct); Common Shares — 96,449 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 $1.9504 Canadian dollars, $1.4090 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 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 options Exercise price: US$1.0403 per share (Cdn$1.44) Shares sold: 75,588 common shares +3 more

6 metrics

Options exercised 87,858 options Common share options exercised on 2026-08-24

Exercise price US$1.0403 per share (Cdn$1.44) Price for exercising 87,858 options on 2026-08-24

Shares sold 75,588 common shares Sale transaction on 2026-08-24

Sale price US$1.4090 per share (Cdn$1.9504) Price for sale of 75,588 common shares on 2026-08-24

Options held after exercise 340,134 options Common share options held following the reported transactions

Exchange rate Cdn$1.00 = US$0.7224 Rate used to convert Canadian dollar prices to U.S. dollars on transaction date

Key Terms

Common share options (right to buy), derivative security, exercise price, vested and became exercisable

4 terms

Common share options (right to buy) financial

"Security title reported as "Common share options (right to buy)""

derivative security financial

"Transaction code M described as 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 price financial

"The options were exercised and the shares were acquired at $1.44 Canadian dollars"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vested and became exercisable financial

"The 87,858 options were granted on 8/27/2021 and vested and became exercisable"

FAQ

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

What insider transactions did URG director Robby Sai Kit Chang report on this Form 4?

He reported exercising 87,858 common share options at US$1.0403 per share, acquiring 87,858 common shares, and selling 75,588 common shares at US$1.4090 per share, all on 2026-08-24.

What was the option exercise price reported by URG insider Chang?

The options were exercised at Cdn$1.44 per share, which the filing states was equivalent to US$1.0403 per share based on an exchange rate of Cdn$1.00 = US$0.7224 on the transaction date.

At what price did URG insider Chang sell common shares?

He sold 75,588 common shares at Cdn$1.9504 per share, which the filing states was equivalent to US$1.4090 per share using an exchange rate of Cdn$1.00 = US$0.7224 on the transaction date.

How many options to buy URG shares did Chang hold after these transactions?

After exercising options, he held 340,134 common share options, representing derivative securities giving him the right to purchase UR-ENERGY INC common shares.

Were the URG insider transactions made under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox as not affirmed (aff_10b5_one = false), and the footnotes do not state that the transactions were made pursuant to a Rule 10b5-1 trading plan.

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

The 87,858 options were granted on 2021-08-27 and vested in three equal installments of 29,286 options each on 2022-08-27, 2023-08-27, and 2024-08-27.

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

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Available on EDGAR 08/25/2026 - 05:09 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^*

Chang Robby Sai Kit

(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)
08/24/2026

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		87,858	A	$1.0403(1)	172,037	D
Common Shares	08/24/2026		S		75,588	D	$1.409(2)	96,449	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			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, $1.0403 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 $1.9504 Canadian dollars, $1.4090 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 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	08/25/2026
	** 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)