McCoig Dain A 4

What Happened
Dain A. McCoig, COO of enCore Energy Corp., had 22,275 restricted stock units (RSUs) convert to common shares on May 1, 2026. Of those shares, 5,424 were withheld to satisfy tax withholding at $1.87 per share (tax withholding value $10,143), leaving a net 16,851 shares issued to McCoig. The gross value of the 22,275 shares at $1.87 was about $41,654; the net value after withholding was roughly $31,511. This was a compensation vesting event (not an open-market purchase or voluntary sale).

Key Details

• Transaction date: May 1, 2026. Form filed May 5, 2026.
• Reported transactions and codes:
  • M (exercise/conversion of derivative): 22,275 shares issued from RSU conversion.
  • F (payment of exercise price or tax liability): 5,424 shares withheld at $1.87/share → $10,143.
• Net shares received: 16,851 shares (22,275 − 5,424).
• Shares owned after transaction: not specified in this filing.
• Footnotes:
  • F1: Each restricted stock unit = contingent right to one common share.
  • F2: Grant was on Oct 8, 2025 for 67,500 RSUs; vesting schedule 33% on May 1, 2026 (this tranche), 33% on May 1, 2027, and 34% on May 1, 2028.
• No indication in the filing of a 10b5‑1 plan or that the form was late.

Context
This was a routine RSU vesting event. The “exercise/conversion of derivative” entries reflect settlement of RSUs into common shares; the “F” entry documents the company withholding shares to cover tax obligations (a common, administrative step). Such compensation-related conversions are standard and do not by themselves indicate insider buying or selling intent.