Energy Fuels (UUUU) VP granted RSUs and premium-priced stock options

Rhea-AI Filing Summary

Energy Fuels Inc. VP, Processing Operations Logan Shumway reported new equity awards and a related share withholding. On 01/27/2026, Shumway received 4,971 restricted stock units at $0, which vest 50% on 01/27/2027, 25% on 01/27/2028, and 25% on 01/27/2029.

Shumway also received 5,721 performance-based stock options with a $26.07 exercise price, a 10% premium to a $23.70 grant price, vesting 50% on 01/27/2027 and 50% on 01/27/2028. The filing shows 5,589 common shares were disposed of at $24.16 under code F, typically indicating share withholding for tax obligations, leaving 122,497 common shares beneficially owned directly.

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^*

SHUMWAY LOGAN

(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, Processing Operations

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2026

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 Shares	01/27/2026		A		4,971(1)	A	$0	128,086	D
Common Shares	01/27/2026		F		5,589	D	$24.16	122,497	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
Performance-Based Stock Options ("Options")	$26.07	01/27/2026		A		5,721		(2)	01/26/2031	Common Shares	5,721	$0	5,721	D

Explanation of Responses:

1. Represents grant of 4,971 restricted stock units which vest as follows: 50% on 1/27/2027; 25% on 1/27/2028; and 25% on 1/27/2029.

2. Reflects grant of 5,721 Options having a strike price at a 10% premium of the grant price of $23.70, which vest as follows: 50% on 1/27/2027 and 50% on 1/27/2028.

Remarks:

Exhibit 24.2 Power of Attorney

	/s/ Julia Hoffmeier as attorney-in-fact for Logan Shumway	01/30/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Energy Fuels (UUUU) report for Logan Shumway?

Energy Fuels VP Logan Shumway reported new equity awards and a tax-related share withholding. He received 4,971 restricted stock units and 5,721 performance-based stock options, and 5,589 common shares were withheld at $24.16, leaving 122,497 common shares beneficially owned directly.

How many Energy Fuels (UUUU) restricted stock units were granted to Logan Shumway?

Logan Shumway was granted 4,971 restricted stock units at no cost. These units vest over three years: 50% on January 27, 2027, 25% on January 27, 2028, and 25% on January 27, 2029, aligning incentives with longer-term company performance.

What are the terms of the performance-based stock options granted at Energy Fuels (UUUU)?

Shumway received 5,721 performance-based stock options with a $26.07 exercise price. The strike is set at a 10% premium to a $23.70 grant price, and the options vest 50% on January 27, 2027 and 50% on January 27, 2028, encouraging sustained value creation.

How many Energy Fuels (UUUU) shares does Logan Shumway own after these transactions?

After the reported transactions, Logan Shumway beneficially owns 122,497 common shares directly. This figure reflects grants and the 5,589 shares disposed of at $24.16 under transaction code F, which typically represents shares withheld to cover tax obligations on equity awards.

What does transaction code F mean in the Energy Fuels (UUUU) Form 4 filing?

Transaction code F in this Form 4 indicates a tax-related share disposition. For Shumway, 5,589 common shares were disposed of at $24.16, generally representing shares withheld by the issuer to satisfy tax obligations triggered by equity awards rather than an open-market sale.

When do Logan Shumway’s Energy Fuels (UUUU) equity awards start and finish vesting?

The restricted stock units and options begin vesting on January 27, 2027. RSUs vest 50% in 2027, then 25% in 2028 and 25% in 2029, while all 5,721 options vest in two equal installments on January 27, 2027 and January 27, 2028.