US Energy (NASDAQ: USEG) CFO withholds shares to cover taxes

Rhea-AI Filing Summary

US Energy Corp CFO Mark L. Zajac reported a routine tax-related share disposition. On March 19, 2026, 21,853 shares of common stock were withheld at $1.02 per share to cover tax obligations from exempt stock gains, rather than sold on the open market.

After this withholding, Zajac directly holds 277,593 US Energy Corp common shares. This type of Form 4 event reflects compensation- and tax-related mechanics, not an open-market trading decision about the company’s stock.

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

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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^*

Zajac Mark L.

(Last) (First) (Middle)

C/O U.S. ENERGY CORP.

1616 S. VOSS, SUITE 725

(Street)

HOUSTON TEXAS 77057

(City) (State) (Zip)

UNITED STATES

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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 Stock	03/19/2026		F(1)		21,853	D	$1.02	277,593	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 gains.

	/s/ Mark L. Zajac	03/20/2026
	** 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)

FAQ

What insider transaction did US Energy (USEG) report for its CFO?

US Energy reported that CFO Mark L. Zajac had 21,853 common shares withheld to cover taxes tied to exempt stock gains. This was a Form 4 tax-withholding event, not an open-market sale of shares by the executive.

Was the US Energy (USEG) CFO’s Form 4 transaction an open-market sale?

No, the transaction was not an open-market sale. Shares were withheld at $1.02 each to satisfy tax obligations from exempt stock gains, a routine administrative step often seen with equity compensation, rather than a discretionary stock sale.

How many US Energy (USEG) shares were withheld for the CFO’s taxes?

A total of 21,853 US Energy common shares were withheld at $1.02 per share. The filing states this represented payment of tax withholding from exempt stock gains, reflecting compensation mechanics rather than active trading activity by the CFO.

How many US Energy (USEG) shares does the CFO hold after this transaction?

Following the tax-withholding event, CFO Mark L. Zajac directly holds 277,593 common shares. This figure shows his remaining equity position in the company after the 21,853-share withholding to meet associated tax liabilities on exempt stock gains.

What does transaction code F mean in the US Energy (USEG) Form 4?

Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 21,853 shares were withheld from exempt stock gains to cover taxes, so it represents a tax-withholding disposition rather than a market purchase or sale.

Does the US Energy (USEG) CFO’s Form 4 suggest a change in sentiment?

The filing mainly reflects routine tax withholding related to equity compensation, not a change in sentiment. Because the shares were withheld to cover taxes, and 277,593 shares remain held, it appears as an administrative event rather than a discretionary trading decision.