Energy Fuels (NYSE: UUUU) VP reports RSU, option grants and share disposal

Rhea-AI Filing Summary

Energy Fuels Inc. executive Saleem Drera reported equity compensation grants and a share disposition. On January 27, 2026, he received 4,389 common shares as a grant of RSUs at $0 per share, bringing his directly held common shares to 30,483 before a related disposition.

On the same date, Drera disposed of 5,287 common shares at $24.16 per share, leaving 25,196 common shares directly owned afterward. He was also granted 5,052 performance-based stock options with a $26.07 exercise price, exercisable until January 26, 2031, covering 5,052 underlying common shares.

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^*

DRERA SALEEM

(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)	X	Other (specify below)
	VP Radioisotopes, Radiological		Systems & IP

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		4,389(1)	A	$0	30,483	D
Common Shares	01/27/2026		F		5,287	D	$24.16	25,196	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		5,052		(2)	01/26/2031	Common Shares	5,052	$0	5,052	D

Explanation of Responses:

1. Reflects grant of 4,389 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 5,052 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 Saleem Drera	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) VP Saleem Drera report?

On January 27, 2026, VP Saleem Drera reported receiving 4,389 common shares as RSU-related stock and 5,052 performance-based stock options. He also reported disposing of 5,287 common shares at $24.16 per share, leaving 25,196 common shares directly owned afterward.

How many Energy Fuels (UUUU) shares does Saleem Drera own after these Form 4 transactions?

After the reported transactions on January 27, 2026, Saleem Drera directly owns 25,196 common shares of Energy Fuels Inc. He also holds 5,052 performance-based stock options, each linked to one underlying common share, in addition to his remaining directly owned common shares.

What RSU grant did Energy Fuels (UUUU) VP Saleem Drera receive?

Saleem Drera received a grant reflecting 4,389 restricted stock units that converted into common shares at $0 per share. According to the footnote, these RSUs vest 50% on January 27, 2027, 25% on January 27, 2028, and 25% on January 27, 2029, if conditions are met.

What are the terms of the performance-based options granted to Energy Fuels (UUUU) VP Saleem Drera?

Drera was granted 5,052 performance-based stock options with a $26.07 exercise price, a 10% premium over a $23.70 grant price. These options vest 50% on January 27, 2027, and 50% on January 27, 2028, and expire on January 26, 2031, if unexercised.

At what price were the Energy Fuels (UUUU) shares disposed of in Saleem Drera’s Form 4?

The Form 4 shows a disposition of 5,287 Energy Fuels common shares at $24.16 per share on January 27, 2026. Following this transaction, Drera’s directly owned common share balance decreased from 30,483 shares to 25,196 shares, as reflected in the filing table.

What role does Saleem Drera hold at Energy Fuels (UUUU) in this Form 4 filing?

In this Form 4, Saleem Drera is identified as an officer of Energy Fuels Inc. with the title “VP Radioisotopes, Radiological Systems & IP.” The filing indicates he is not a director or 10% owner, and reports transactions in his capacity as an officer.