Westwater Resources insider option exercises; 640,909 shares held

Rhea-AI Filing Summary

Westwater Resources (WWR) reported an insider transaction by a director. On 10/09/2025, the director exercised non-qualified stock options and acquired 224,519 shares at $0.4888 and 16,390 shares at $0.477 (Transaction Code M). Following these transactions, the director beneficially owns 640,909 shares, held directly.

Two option grants remain outstanding after the exercises: 244,198 options at $0.4888 expiring 05/30/2034 and 227,808 options at $0.477 expiring 05/27/2035.

Insights

Equity compensation analyst

Administrative insider option exercises; neutral impact.

The filing shows a director exercised non‑qualified stock options (code “M”), acquiring 240,909 common shares at exercise prices of $0.4888 and $0.477 on 10/09/2025. No open‑market sale is reported, and direct ownership increased to 640,909 shares.

These are routine equity compensation mechanics. The derivative table indicates options remain outstanding (244,198 and 227,808) with expirations on 05/30/2034 and 05/27/2035. Actual market impact, if any, would depend on future transactions not disclosed here.

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).

1. Name and Address of Reporting Person^*

Anderson Karli S.

(Last) (First) (Middle)

C/O WESTWATER RESOURCES, INC.

6950 S. POTOMAC STREET, SUITE 300

(Street)

CENTENNIAL CO 80112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WESTWATER RESOURCES, INC. [ WWR ]

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)
10/09/2025

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 Stock	10/09/2025		M		224,519	A	$0.4888	624,519	D
Common Stock	10/09/2025		M		16,390	A	$0.477	640,909	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
Non-Qualified Stock Options (right to buy)	$0.4888	10/09/2025		M			224,519	05/27/2025	05/30/2034	Common Stock	224,519	$0	244,198	D
Non-Qualified Stock Options (right to buy)	$0.477	10/09/2025		M			16,390	05/27/2025	05/27/2035	Common Stock	16,390	$0	227,808	D

Explanation of Responses:

	/s/ Karli S. Anderson	10/14/2025
	** 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 activity did WWR disclose on Form 4?

A director exercised non-qualified stock options on 10/09/2025 and acquired 224,519 shares at $0.4888 and 16,390 shares at $0.477.

How many WWR shares does the reporting person own after the transaction?

Beneficial ownership is 640,909 shares, held directly.

What were the transaction codes on the Form 4 for WWR?

Both transactions used code M, indicating an option exercise.

What derivative securities remain after the WWR option exercises?

Remaining options include 244,198 at $0.4888 expiring 05/30/2034 and 227,808 at $0.477 expiring 05/27/2035.

What is the relationship of the reporting person to WWR?

The reporting person is a Director of Westwater Resources, Inc.

Is the WWR ownership direct or indirect?

Ownership is reported as Direct (D).