Energy Fuels (UUUU) director Alex Morrison awarded 5,354 restricted stock units

Rhea-AI Filing Summary

Energy Fuels Inc. director equity grant: Director Alex G. Morrison received 5,354 common share-based restricted stock units on January 27, 2026 at a stated price of $0 per unit. These RSUs vest 50% on January 27, 2027, 25% on January 27, 2028, and 25% on January 27, 2029.

After this grant, Morrison beneficially owns 116,232 common shares of Energy Fuels Inc., held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Morrison Alex G

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	5,354	$0.00	--

Holdings After Transaction: Common Shares — 116,232 shares (Direct)

Footnotes (1)

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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^*

Morrison Alex G

(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)

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

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		5,354(1)	A	$0	116,232	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

Explanation of Responses:

1. Reflects grant of 5,354 restricted stock units which vest as follows: 50% on 1/27/2027; 25% on 1/27/2028; and 25% on 1/27/2029.

Remarks:

Exhibit 24.2 Power of Attorney

	/s/ Julia Hoffmeier as attorney-in-fact for Alex G. Morrison	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 transaction did Energy Fuels (UUUU) report for Alex G. Morrison?

Energy Fuels reported that director Alex G. Morrison received a grant of 5,354 restricted stock units on January 27, 2026. The units relate to common shares and were recorded at a stated price of $0 per unit as part of his equity compensation.

How many Energy Fuels (UUUU) shares does Alex G. Morrison own after this Form 4?

Following the reported grant, Alex G. Morrison beneficially owns 116,232 common shares of Energy Fuels Inc. This figure includes the 5,354 restricted stock units that were awarded to him on January 27, 2026, and reflects his direct ownership position after the transaction.

What are the vesting terms of the 5,354 RSUs granted at Energy Fuels (UUUU)?

The 5,354 restricted stock units vest in three stages: 50% on January 27, 2027, 25% on January 27, 2028, and the remaining 25% on January 27, 2029. This schedule ties Morrison’s equity compensation to a multi-year service period.

Was any cash paid for the restricted stock units granted at Energy Fuels (UUUU)?

No cash was paid for this award; the Form 4 lists the transaction price per share as $0. The grant reflects equity-based compensation to director Alex G. Morrison rather than an open-market purchase of common shares for cash consideration.

What role does Alex G. Morrison hold at Energy Fuels (UUUU)?

Alex G. Morrison is identified as a director of Energy Fuels Inc. on the Form 4. The reported 5,354 restricted stock unit grant represents part of his director compensation structure, aligning his interests with the company’s common shareholders over several years.