Keys Randall D 4

What Happened

• Randall D. Keys, a director of US Energy Corp (USEG), was granted 230,000 nonqualified stock options on March 4, 2026. The Form 4 reports the acquisition as $0.00 (an option award), meaning no cash was paid at grant. This is a compensation award rather than an open‑market purchase or sale.

Key Details

• Transaction date: March 4, 2026; Filing date: March 6, 2026 (filed within the typical 2‑business‑day Form 4 window).
• Grant size: 230,000 options reported as an Award/Grant (transaction code A); acquisition price reported as $0.00.
• Vesting: Options vest in two equal installments — 115,000 options on July 1, 2026 and 115,000 options on January 2, 2027 — subject to continued service (F1).
• Consideration: Issued as director compensation for services (F2).
• Shares owned after transaction: Not disclosed in this Form 4.

Context

• These are option grants (derivative awards), not immediate stock ownership or a stock sale. The grant gives Keys the right to buy shares in the future if and when he exercises the options under the plan terms; no exercise or sale occurred in this filing. Such awards are commonly used to compensate and retain directors and do not by themselves indicate a buy or sell signal.