[Form 4] Energy Fuels Inc. Insider Trading Activity

Rhea-AI Filing Summary

Scott Bakken, Vice President Regulatory Affairs at Energy Fuels Inc. (UUUU), reported a sale of 4,629 common shares on 08/28/2025 at a reported price of $12.00 per share. Following the sale, Mr. Bakken beneficially owns 108,817 common shares, held in a direct ownership form. The Form 4 was filed as an individual report and contains no additional derivative transactions or explanatory detail.

Positive

• None.

Negative

• Insider sale occurred: 4,629 shares were sold, reducing the reporting person's holdings.
• No 10b5-1 plan indicated: the form does not check a box indicating the transaction was pursuant to a Rule 10b5-1 plan.

Insights

Securities Analyst

TL;DR: Insider sale of a modest number of shares; no derivatives disclosed and substantial remaining ownership.

The reported sale of 4,629 shares at $12 reduces the reporting person's stake but leaves a meaningful position of 108,817 shares. This appears to be a routine disclosure of an individual insider transaction without any accompanying derivative activity or plan-related remarks. The filing provides clear, basic transaction detail and does not indicate any unusual or material corporate event.

Corporate Governance Expert

TL;DR: Routine Section 16 filing showing an officer sale; transaction documentation is standard.

The form identifies the reporting person as an officer and reports a direct disposition. The filing includes the transaction code 'S' indicating a sale. No indication of Rule 10b5-1 trading plan is checked, and there are no derivative or joint filings disclosed. From a governance perspective, this is a standard disclosure fulfilling Section 16 reporting requirements.

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^*

BAKKEN SCOTT

(Last) (First) (Middle)

C/O ENERGY FUELS INC.

225 UNION BLVD., SUITE 600

(Street)

LAKEWOOD CO 80228

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ENERGY FUELS INC [ UUUU ]

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)
08/28/2025

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 Shares	08/28/2025		S		4,629	D	$12	108,817	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:

	Scott Bakken	08/28/2025
	** 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 Scott Bakken report for Energy Fuels (UUUU)?

He reported a sale of 4,629 common shares on 08/28/2025 at a price of $12.00 per share.

How many Energy Fuels (UUUU) shares does the insider own after the sale?

The reporting person beneficially owns 108,817 common shares following the reported transaction.

What is the reporting person's role at Energy Fuels (UUUU)?

The form lists the reporting person as an Officer with the title VP Regulatory Affairs.

Was the Form 4 filed jointly or individually?

The Form 4 was filed by one reporting person (individual filing).

Were any derivative securities reported in this filing for UUUU?

No. Table II shows no derivative securities were acquired, disposed of, or beneficially owned.