Energy Fuels SVP exercises SARs, returns shares

Energy Fuels Inc. senior vice president of marketing and corporate development Curtis Moore reported compensation-related equity transactions in common shares.

Rhea-AI Filing Summary

Energy Fuels Inc. senior vice president of marketing and corporate development Curtis Moore reported compensation-related equity transactions in common shares. On March 2, 2026, he exercised Stock Appreciation Rights (SARs) covering 8,288 and 15,478 common shares at exercise prices of $7.36 and $6.47 per share, respectively. The related common share entries reflect these exercises at a reported share value of $21.32. The same amounts of 8,288 and 15,478 common shares were recorded as dispositions to the issuer, resulting in no net change in his position from these paired events. After the transactions, Moore directly holds 112,415 common shares of Energy Fuels Inc.

Insider Trade Summary

34,880 shares exercised/converted

Exercise 6 txns

Insider Moore Curtis

Role SVP, Marketing & Corp. Develop

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Rights (SARs)	22,222	$0.00	$0.00
Exercise	Stock Appreciation Rights (SARs)	12,658	$0.00	$0.00
Exercise	Common Shares	15,478	$21.32	$330K
Disposition	Common Shares	15,478	$21.32	$330K
Exercise	Common Shares	8,288	$21.32	$177K
Disposition	Common Shares	8,288	$21.32	$177K

Holdings After Transaction: Stock Appreciation Rights (SARs) — 0 contracts (Direct); Common Shares — 112,415 shares (Direct)

Key Figures

Common shares from first SARs block: 8,288 shares Common shares from second SARs block: 15,478 shares Reported share value: $21.32 per share +3 more

6 metrics

Common shares from first SARs block 8,288 shares Underlying common shares from SARs at $7.36 exercise price

Common shares from second SARs block 15,478 shares Underlying common shares from SARs at $6.47 exercise price

Reported share value $21.32 per share Value used for common share transactions on March 2, 2026

Post-transaction holdings 112,415 common shares Direct ownership by Curtis Moore after reported transactions

First SARs exercise price $7.36 per share Conversion or exercise price for SARs into 8,288 common shares

Second SARs exercise price $6.47 per share Conversion or exercise price for SARs into 15,478 common shares

Key Terms

Stock Appreciation Rights (SARs), derivative exercise/conversion, Disposition to issuer, transaction_direction

4 terms

Stock Appreciation Rights (SARs) financial

"The filing lists transactions in "Stock Appreciation Rights (SARs)" with underlying common shares."

derivative exercise/conversion financial

"Transaction code M is described as "Exercise or conversion of derivative security" with action "derivative exercise/conversion"."

Disposition to issuer financial

"Transactions with code D have the description "Disposition to issuer" for common shares."

transaction_direction financial

"Each transaction includes a "transaction_direction" field such as "acquire" or "dispose"."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Energy Fuels (UUUU) report for Curtis Moore?

Curtis Moore exercised Stock Appreciation Rights into common shares and then disposed the same share amounts back to the issuer. These paired transactions were compensation-related and resulted in Moore directly holding 112,415 common shares of Energy Fuels Inc. after the activity.

Did Curtis Moore buy or sell Energy Fuels (UUUU) shares on the open market?

The filing shows no open-market purchases or sales. It records derivative exercises from Stock Appreciation Rights into common shares and corresponding dispositions to the issuer, meaning the shares were returned to Energy Fuels rather than traded in the market.

How many Energy Fuels (UUUU) shares were involved in Curtis Moore’s SARs exercises?

Curtis Moore exercised Stock Appreciation Rights linked to 8,288 and 15,478 underlying common shares. These exercises converted the SARs into common share amounts that were then recorded at a reported share value of $21.32 per share in the filing.

What is Curtis Moore’s share ownership in Energy Fuels (UUUU) after the Form 4 transactions?

After the reported transactions, Curtis Moore directly holds 112,415 common shares of Energy Fuels Inc. This figure reflects his position following the Stock Appreciation Rights exercises and the recorded dispositions of the corresponding common share amounts back to the issuer.

What are Stock Appreciation Rights (SARs) as used in the Energy Fuels (UUUU) filing?

Stock Appreciation Rights, or SARs, give the holder value tied to share price gains without initially owning shares. In this filing, SARs with exercise prices of $7.36 and $6.47 were exercised into specified numbers of Energy Fuels common shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 02:50 PM EDT Learn about SEC filing dates

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^*

Moore Curtis

(Last) (First) (Middle)

C/O ENERGY FUELS INC.

225 UNION BLVD., SUITE 600

(Street)

LAKEWOOD COLORADO 80228

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	SVP, Marketing & Corp. Develop

2a. Foreign Trading Symbol
[EFR]

3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	03/02/2026		M		15,478	A	$21.32	127,893	D
Common Shares	03/02/2026		D		15,478	D	$21.32	112,415	D
Common Shares	03/02/2026		M		8,288	A	$21.32	120,703	D
Common Shares	03/02/2026		D		8,288	D	$21.32	112,415	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
Stock Appreciation Rights (SARs)	$6.47	03/02/2026		M			22,222	01/25/2023	01/24/2027	Common Shares	15,478	$0	0	D
Stock Appreciation Rights (SARs)	$7.36	03/02/2026		M			12,658	01/26/2024	01/25/2028	Common Shares	8,288	$0	0	D

Explanation of Responses:

Remarks:

1. The Stock Appreciation Rights (SARs) reported in Table II were exercised for cash, pursuant to the terms of the applicable award agreements, and are therefore reported in Table I as "deemed" issuances by Issuer and "deemed" dispositions by Reporting Person. No Common Shares were actually issued to, or sold/disposed of by, Reporting Person in connection with these SAR exercises. 2. These transactions are being reported late due to administrative complications in administering the exercises.

	Julia Hoffmeier as Attorney-in-Fact for Curtis Moore	05/05/2026
	** 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.
* Form 4: SEC 1474 (03-26)