U.S. Energy (USEG) CEO withholds 20,834 shares to cover taxes

Rhea-AI Filing Summary

U.S. Energy Corp.’s CEO Ryan Lewis Smith reported a tax-related share withholding. On 01/05/2026, 20,834 shares of U.S. Energy Corp common stock were withheld at $0.99 per share under transaction code F, which indicates shares were used to pay tax withholding on exempt stock grants. After this transaction, Smith directly beneficially owned 1,162,205 shares of U.S. Energy Corp common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Smith Ryan Lewis

Role CEO

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock	20,834	$0.99	$21K

Holdings After Transaction: Common Stock — 1,162,205 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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 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)
01/05/2026

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	01/05/2026		F(1)		20,834	D	$0.99	1,162,205	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:

1. Represents payment of tax withholding from exempt stock grants.

	/s/ Ryan L. Smith	01/08/2026
	** 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.

FAQ

What insider transaction did USEG report in this Form 4?

The filing reports that CEO and director Ryan Lewis Smith had 20,834 shares of U.S. Energy Corp common stock withheld on 01/05/2026 to cover taxes on stock grants.

How many USEG shares does CEO Ryan Lewis Smith own after this transaction?

Following the tax withholding transaction, Ryan Lewis Smith directly beneficially owned 1,162,205 shares of U.S. Energy Corp common stock.

What does transaction code F mean in the USEG Form 4 filing?

Transaction code F indicates that 20,834 shares were withheld by the issuer to pay tax withholding obligations arising from exempt stock grants.

Was the USEG CEO’s transaction a market sale of shares?

No. The footnote states the 20,834 shares represent payment of tax withholding from exempt stock grants, rather than an open-market sale.

What role does Ryan Lewis Smith hold at U.S. Energy Corp (USEG)?

Ryan Lewis Smith is both a director and an officer of U.S. Energy Corp, serving as the company’s CEO.

Is the USEG Form 4 filed by more than one reporting person?

No. The filing indicates it is a Form filed by one reporting person, namely Ryan Lewis Smith.