BAKKER FRANK 4

What Happened
Frank Bakker, President, CEO and a director of Westwater Resources (WWR), received equity awards on 2026-05-22 totaling 797,810 restricted stock units (RSUs). The filing shows 613,700 RSUs granted (time‑based) and 184,110 RSUs reported as a derivative award (performance‑based). The reported acquisition price is $0.00 (typical for stock awards); these are grants/awards rather than open‑market purchases or sales.

Key Details

• Transaction date: 2026-05-22; Filing date (Form 4): 2026-05-27 (appears to be filed after the standard 2-business‑day Form 4 deadline).
• Award types and counts: 613,700 RSUs (time‑based, footnote F1) and 184,110 RSUs (performance/derivative, footnote F2). Total units granted: 797,810.
• Reported acquisition price: $0.00 (grant). Reported value on the Form 4 is $0.
• Vesting: F1 units vest in three equal annual installments beginning Dec 31, 2026. F2 units vest one‑third based on total stockholder return (TSR) for each of the years ended Dec 31 of 2026, 2027 and 2028.
• Each RSU represents a contingent right to receive one share when vested (per footnote F1).
• Shares owned after the transaction are not included in the provided filing data.

Context

• These transactions are awards (code A), not purchases or sales; awards are compensation and don’t necessarily signal a near‑term trading view.
• The 184,110 units are performance‑based (derivative RSUs) and will vest only if TSR conditions are met across specified performance periods.
• The filing date suggests the Form 4 was submitted after the usual 2‑business‑day reporting window, which is noted for transparency but does not by itself indicate misconduct.