US Energy (USEG) CEO adds 15,000 shares at $0.87 in open-market buy

Rhea-AI Filing Summary

US ENERGY CORP CEO Ryan Lewis Smith reported an open-market purchase of 15,000 shares of Common Stock. The trade took place at a price of $0.87 per share on March 31, 2026. Following this purchase, he directly owns 1,118,769 shares of the company.

Insider Trade Summary

Net Buyer: 15,000 shares ($13,050)

Net Buy 1 txn

Insider Smith Ryan Lewis

Role CEO

Bought 15,000 shs ($13K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	15,000	$0.87	$13K

Holdings After Transaction: Common Stock — 1,118,769 shares (Direct)

Footnotes (1)

Key Figures

Shares purchased: 15,000 shares Purchase price: $0.87 per share Shares owned after transaction: 1,118,769 shares +1 more

4 metrics

Shares purchased 15,000 shares Open-market purchase of Common Stock on March 31, 2026

Purchase price $0.87 per share Price paid for Common Stock in the reported transaction

Shares owned after transaction 1,118,769 shares Total Common Stock directly owned following the Form 4 trade

Net buy shares 15,000 shares Net-buy direction in transaction summary for this Form 4

Key Terms

open-market purchase, Common Stock, direct ownership, net-buy

4 terms

open-market purchase financial

"transaction_action: "open-market purchase" for the Common Stock trade"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Common Stock financial

"security_title: "Common Stock" in the reported transaction"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

direct ownership financial

"ownership_type: "direct" with ownership_code "D" after the trade"

net-buy financial

"transactionSummary shows netBuySellDirection: "net-buy""

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 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2026

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	03/31/2026		P		15,000	A	$0.87	1,118,769	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	04/01/2026
	** 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 USEG CEO Ryan Lewis Smith report?

Ryan Lewis Smith reported buying 15,000 USEG Common Stock shares in an open-market purchase. The transaction occurred at a price of $0.87 per share, increasing his directly held position to 1,118,769 shares following the trade, according to the Form 4 filing data.

At what price did USEG’s CEO purchase the 15,000 shares?

The CEO bought 15,000 USEG Common Stock shares at $0.87 per share. This was classified as an open-market purchase, meaning he acquired the shares on the market rather than via a grant or option exercise, and the shares are held under direct ownership.

How many USEG shares does the CEO own after this Form 4 transaction?

After the reported transaction, the CEO directly owns 1,118,769 USEG Common Stock shares. This total reflects the addition of 15,000 shares purchased in the open market at $0.87 per share, as disclosed in the Form 4 insider trading report for March 31, 2026.

Was the USEG CEO’s Form 4 transaction a buy or a sell?

The Form 4 shows a buy transaction, classified as an open-market purchase. Ryan Lewis Smith acquired 15,000 Common Stock shares at $0.87 per share, increasing his directly held stake to 1,118,769 shares, with no corresponding sales reported in this insider filing.

Is the USEG CEO’s ownership in the company direct or indirect?

The Form 4 indicates the CEO’s holdings are classified as direct ownership. The 15,000-share open-market purchase at $0.87 per share and the resulting 1,118,769-share total are both reported with a direct ownership code, with no indirect entities noted in the filing data.