Bhappu Ross R. 4

What Happened

• Ross R. Bhappu, President of Energy Fuels Inc. (UUUU), received equity compensation reported on 2026-01-27. The filing shows a derivative award for 37,499 instruments and a related grant of 32,583 restricted stock units (RSUs). The awards were recorded as grants (transaction code A) and no cash changed hands on grant date.
• The option grant is tied to a grant price of $23.70 with an exercise (strike) price at a 10% premium (≈ $26.07). Options vest 50% on 1/27/2027 and 50% on 1/27/2028. The 32,583 RSUs vest 50% on 1/27/2027, 25% on 1/27/2028 and 25% on 1/27/2029.

Key Details

• Transaction date: 2026-01-27; Form filed: 2026-01-29 (appears timely).
• Reported as grants/awards (transaction code A); no immediate cash value reported on Form 4 for the derivative award.
• Option exercise (strike) price: ≈ $26.07 (10% premium over $23.70 grant price).
• RSUs: 32,583 units; Options: 37,499 units. Vesting schedules as noted above.
• Shares owned after the transaction: not specified in the excerpt of the filing provided.
• Remarks: Exhibit 24.2 Power of Attorney included with the filing.

Context

• These are compensation grants, not option exercises or open-market purchases/sales. They do not represent immediate sales or purchases of shares; options must be exercised later (and RSUs vest per schedule) before becoming tradable shares.
• Because this is a standard executive award, it’s generally viewed as part of compensation and not a direct market sentiment signal.