Ur-Energy Inc (URG) VP awarded new stock options and RSUs

Rhea-AI Filing Summary

Ur-Energy Inc. VP Regulatory Affairs reported new equity awards. On 12/22/2025, the executive received options to buy 86,685 common shares at an exercise price of $1.4657 per share, which is the U.S. dollar equivalent of Cdn$2.02 based on the exchange rate on the transaction date.

The options vest in three equal installments of 28,895 on 12/22/2026, 12/22/2027, and 12/22/2028 and expire on 12/22/2030. The executive also received 21,670 restricted share units, with each unit redeemable for one common share, to be settled on or within 30 days of 12/22/2027. Following these transactions, the executive beneficially owns 269,236 derivative securities in the form of options and 42,306 restricted share units, all held directly.

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

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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^*

SCHIERMAN RYAN S.

(Last) (First) (Middle)

10758 W. CENTENNIAL ROAD

SUITE 200

(Street)

LITTLETON CO 80127

(City) (State) (Zip)

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)
	VP REGULATORY AFFAIRS

3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025

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

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

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

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

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)	$1.4657(1)	12/22/2025		A		86,685		(2)	12/22/2030	Common Shares	86,685	$0	269,236	D
Restricted share units (exchange for common shares)	(3)	12/22/2025		A		21,670		(4)	(4)	Common Shares	21,670	$0	42,306	D

Explanation of Responses:

1. The options were priced at $2.02 Canadian dollars; $1.4657 U.S. dollars is the equivalent of the exercise price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7256) www.bankofcanada.ca.

2. The options will vest and become exercisable as follows: 28,895 on 12/22/2026; 28,895 on 12/22/2027; and 28,895 on 12/22/2028.

3. Each unit is redeemable upon vesting for one common share.

4. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027 per the terms of the plan.

	/s/ Roger L. Smith, Roger L. Smith pursuant to Power of Attorney	12/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did UR-Energy Inc (URG) report in this filing?

The filing reports that UR-Energy Inc’s VP Regulatory Affairs received new equity awards on 12/22/2025, including stock options and restricted share units tied to the company’s common shares.

How many stock options did the URG VP Regulatory Affairs receive and at what exercise price?

The executive received 86,685 common share options with an exercise price of $1.4657 per share, which is the U.S. equivalent of Cdn$2.02 based on the exchange rate on the transaction date.

What is the vesting schedule for the new UR-Energy (URG) stock options?

The options vest and become exercisable in three equal tranches of 28,895 options each on 12/22/2026, 12/22/2027, and 12/22/2028, and they expire on 12/22/2030.

How many restricted share units (RSUs) were granted to the URG executive and how are they settled?

The executive received 21,670 restricted share units. Each unit is redeemable upon vesting for one common share and will be redeemed for shares on or within 30 days of 12/22/2027, in line with the plan terms.

What are the UR-Energy (URG) executive’s derivative holdings after these transactions?

After the reported grants, the executive beneficially owns 269,236 derivative securities in the form of options and 42,306 restricted share units, all reported as held directly.

What role does the reporting person hold at UR-Energy Inc (URG)?

The reporting person is an officer of UR-Energy Inc, serving as VP Regulatory Affairs.