Frydenlund David C. 4

What Happened David C. Frydenlund, EVP & Chief Legal Officer of Energy Fuels Inc. (UUUU), was granted 22,903 restricted stock units (RSUs) and 26,358 stock options on Jan 27, 2026. On the same date 35,490 shares were surrendered/withheld to cover tax liability at $24.16 per share, generating proceeds/value of $857,438 (reported as a disposition for tax withholding). The RSUs were reported as acquired at $0.00 (standard grant), and the options are a derivative grant (strike set at a 10% premium to the $23.70 grant price, i.e., $26.07).

Key Details

• Transaction date: 2026-01-27; Form 4 filed: 2026-01-29 (appears timely).
• RSUs: 22,903 granted (no cash paid); vesting: 50% on 1/27/2027, 25% on 1/27/2028, 25% on 1/27/2029.
• Options: 26,358 granted; strike = 10% above $23.70 (≈ $26.07); vesting: 50% on 1/27/2027 and 50% on 1/27/2028.
• Shares withheld/surrendered: 35,490 shares disposed at $24.16 for tax withholding = $857,438 (transaction code F).
• Shares owned after transaction: not specified in the excerpt of the filing provided.
• Footnotes: F1 details RSU vesting schedule; F2 details option strike and vesting schedule.
• No indication in filing of a 10b5-1 plan or that the withheld shares were sold in an open-market sale—this was reported as tax withholding.

Context The grants are compensation awards (RSUs and options) and are not purchases; the withheld shares reflect tax withholding, a routine administrative step that often accompanies equity awards. The options are future rights to buy shares at the stated strike (≈ $26.07) subject to vesting; they were not exercised. These transactions are typical insider compensation actions and do not, by themselves, indicate a change in personal market sentiment.