Energy Fuels (UUUU) president receives new RSU and stock option grants

Rhea-AI Filing Summary

Energy Fuels Inc. President Ross R. Bhappu reported new equity compensation awards. On January 27, 2026, he received 32,583 common shares in the form of restricted stock units at a price of $0, bringing his directly held common shares to 182,583.

He was also granted 37,499 performance-based stock options with an exercise price set at a 10% premium to the grant price of $23.70. These options and RSUs vest over several years, with significant portions vesting in 2027, 2028, and 2029, aligning compensation with longer-term performance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Bhappu Ross R.

Role President

Type	Security	Shares	Price	Value
Grant/Award	Performance-Based Stock Options ("Options")	37,499	$0.00	--
non-derivative	Common Shares	32,583	$0.00	--

Holdings After Transaction: Performance-Based Stock Options ("Options") — 37,499 shares (Direct); Common Shares — 182,583 shares (Direct)

Footnotes (1)

1. Reflects a grant of 32,583 restricted stock units ("RSUs"), which vest as follows: 50% on 1/27/2027; 25% on 1/27/2028; and 25% on 1/27/2029. Reflects grant of 37,499 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.

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^*

Bhappu Ross R.

(Last) (First) (Middle)

C/O ENERGY FUELS INC.

225 UNION BLVD., SUITE 600

(Street)

LAKWOOD 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)
	President

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				32,583(1)	A	$0	182,583	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		37,499		(2)	01/26/2031	Common Shares	37,499	$0	37,499	D

Explanation of Responses:

1. Reflects a grant of 32,583 restricted stock units ("RSUs"), which vest as follows: 50% on 1/27/2027; 25% on 1/27/2028; and 25% on 1/27/2029.

2. Reflects grant of 37,499 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 Ross R. Bhappu	01/29/2026
	** 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 transactions did Energy Fuels (UUUU) report for Ross R. Bhappu?

Energy Fuels President Ross R. Bhappu reported equity grants dated January 27, 2026. He received 32,583 restricted stock units and 37,499 performance-based stock options, both at a grant price of $0, increasing his directly held common shares to 182,583 after the RSU grant.

How many restricted stock units were granted to the Energy Fuels (UUUU) President?

Ross R. Bhappu received 32,583 restricted stock units. These RSUs vest over three years: 50% on January 27, 2027, 25% on January 27, 2028, and 25% on January 27, 2029, providing a staggered, long-term incentive tied to continued service and performance.

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

The grant includes 37,499 performance-based stock options with a strike price at a 10% premium to the $23.70 grant price. These options vest in two equal installments: 50% on January 27, 2027 and 50% on January 27, 2028, encouraging multi-year performance alignment.

How many Energy Fuels (UUUU) common shares does Ross R. Bhappu own after this Form 4?

Following the January 27, 2026 RSU grant, Ross R. Bhappu is reported as beneficially owning 182,583 common shares directly. This figure reflects his position after receiving 32,583 restricted stock units granted at a price of $0 under the company’s compensation arrangements.

When do the Energy Fuels (UUUU) President’s new RSUs and options vest?

Half of the 32,583 RSUs vest on January 27, 2027, with 25% vesting on January 27, 2028 and 25% on January 27, 2029. The 37,499 options vest 50% on January 27, 2027 and 50% on January 27, 2028, creating a multi-year vesting schedule.