Smith Ryan Lewis 4

What Happened
Smith Ryan Lewis, CEO and director of US Energy Corp (USEG), surrendered 39,259 shares on 2026-02-13 at $1.00 per share (total value $39,259) to satisfy tax withholding related to previously granted exempt stock. This was a share-for-tax withholding transaction (code F), not an open-market sale.

Key Details

• Transaction date: 2026-02-13; Price: $1.00 per share; Shares surrendered: 39,259; Implied value: $39,259
• Transaction type/code: F — payment of tax withholding from exempt stock grants (footnote F1)
• Filing date / Period of Report: 2026-02-13 (timely filing)
• Shares owned after transaction: not specified in the filing
• Footnote: F1 explicitly states these shares were withheld to cover tax obligations from exempt stock grants

Context
This was a routine tax-withholding action (shares surrendered to cover withholding) rather than a discretionary sale or purchase. Such withholding transactions are administrative and generally do not signal the insider’s view on the company’s stock price.