How is the option strike price related to the grant price in the Energy Fuels (UUUU) award?

The 44,066 performance-based options have a strike price set at a 10% premium to the $23.70 grant price. This results in a $26.07 exercise price, as disclosed in the footnotes to the Form 4 filing.

Energy Fuels (NYSE: UUUU) CEO awarded RSUs, options and disposes shares

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Energy Fuels Inc. CEO Mark Chalmers reported new equity awards and a related share disposition. On 01/27/2026, he received 38,289 restricted stock units (RSUs) that vest over three years: 50% on 01/27/2027, 25% on 01/27/2028, and 25% on 01/27/2029. The same day, 59,407 common shares were disposed of at $24.16 per share, leaving him with 909,321 common shares held directly. He was also granted 44,066 performance-based stock options with a $26.07 exercise price, vesting 50% on 01/27/2027 and 50% on 01/27/2028, and expiring on 01/26/2031.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Chalmers Mark

Role CEO

Type	Security	Shares	Price	Value
Grant/Award	Performance-Based Stock Options ("Options")	44,066	$0.00	--
Grant/Award	Common Shares	38,289	$0.00	--
Tax Withholding	Common Shares	59,407	$24.16	$1.44M

Holdings After Transaction: Performance-Based Stock Options ("Options") — 44,066 shares (Direct); Common Shares — 968,728 shares (Direct)

Footnotes (1)

Reflects grant of 38,289 RSUs which vest as follows: 50% on 1/27/2027; 25% on 1/27/2028; and 25% on 1/27/2029. Reflects grant of 44,066 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 →

01/29/2026 - 09:27 PM

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^*

Chalmers Mark

(Last)

(First)

(Middle)

C/O ENERGY FUELS INC.

225 UNION BLVD., SUITE 600

(Street)

LAKEWOOD

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)

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Shares	01/27/2026		A		38,289⁽¹⁾	A	$0	968,728	D
Common Shares	01/27/2026		F		59,407	D	$24.16	909,321	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance-Based Stock Options ("Options")	$26.07	01/27/2026		A		44,066		⁽²⁾	01/26/2031	Common Shares	44,066	$0	44,066	D

Explanation of Responses:

1. Reflects grant of 38,289 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 44,066 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 Mark Chalmers	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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Energy Fuels (UUUU) report for its CEO?

Energy Fuels CEO Mark Chalmers reported new equity awards and a share disposition on 01/27/2026. He received 38,289 RSUs, 44,066 performance-based stock options, and reported the disposition of 59,407 common shares at $24.16 per share.

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

After the reported 01/27/2026 transactions, CEO Mark Chalmers directly owns 909,321 common shares of Energy Fuels. This figure reflects the acquisition of 38,289 common shares and the disposition of 59,407 shares reported on the same date.

What restricted stock units were granted to the Energy Fuels (UUUU) CEO?

On 01/27/2026, Energy Fuels granted CEO Mark Chalmers 38,289 RSUs. These vest 50% on 01/27/2027, 25% on 01/27/2028, and 25% on 01/27/2029, aligning the award with a multi-year service and performance period.

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

The CEO received 44,066 performance-based stock options on 01/27/2026 with a $26.07 exercise price. They vest 50% on 01/27/2027 and 50% on 01/27/2028 and expire on 01/26/2031, providing long-term equity-based compensation.

At what price were Energy Fuels (UUUU) shares disposed of in this Form 4?

The Form 4 reports a disposition of 59,407 Energy Fuels common shares on 01/27/2026 at $24.16 per share. After this transaction, CEO Mark Chalmers directly held 909,321 common shares of the company.