[Form 4] U.S. Energy Corp. Insider Trading Activity

Rhea-AI Filing Summary

U.S. Energy Corp. CEO and director Ryan L. Smith reported a purchase of 2,000 common shares on 08/13/2025 at $1.17 per share, bringing his direct holdings to 1,179,039 shares. The Form 4 discloses the transaction under code P and shows no derivative securities were reported. The filing is submitted by one reporting person and identifies Mr. Smith as both CEO and Director.

Positive

• CEO purchase of 2,000 shares at $1.17 recorded on Form 4
• Direct holdings increased to 1,179,039 shares, showing continued insider ownership

Negative

• None.

Insights

Securities Analyst

TL;DR: Insider purchase is small relative to holdings and is a routine disclosure, not clearly material.

The Form 4 reports a purchase of 2,000 common shares at $1.17, increasing direct beneficial ownership to 1,179,039 shares. The transaction code listed is P, and no derivative securities are reported in Table II. The purchase represents approximately 0.17% of the reported direct holdings, indicating the trade is modest in size and likely immaterial to overall ownership stakes.

Corporate Governance Expert

TL;DR: Disclosure appears complete for this event; CEO is reported as both an officer and director and reported the change personally.

The document identifies Ryan L. Smith as the reporting person with roles of CEO and Director and shows the Form 4 was filed by one reporting person. Table I records a non-derivative acquisition only, and Table II is empty. There are no indications in the form of omitted required fields or derivative transactions related to this report.

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^*

Smith Ryan Lewis

(Last) (First) (Middle)

C/O U.S. ENERGY CORP.

1616 S. VOSS, SUITE 725

(Street)

HOUSTON TX 77057

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
US ENERGY CORP [ USEG ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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
Common Stock	08/13/2025		P		2,000	A	$1.17	1,179,039	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

Explanation of Responses:

	/s/ Ryan L. Smith	08/14/2025
	** 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.

FAQ

What transaction did Ryan L. Smith report for USEG?

He reported a purchase of 2,000 common shares at $1.17 per share, recorded on the Form 4.

What is Ryan L. Smith's role at U.S. Energy (USEG)?

The Form 4 identifies him as both CEO and Director of U.S. Energy Corp.

How many shares does Ryan L. Smith own after the transaction?

The filing shows 1,179,039 shares beneficially owned following the reported transaction.

Were any derivative securities reported on this Form 4 for USEG?

No. Table II lists no derivative securities; only a non-derivative purchase is reported in Table I.

What transaction code is shown on the Form 4?

The transaction is reported with code P in Table I as provided on the form.