Weinzierl John A 4

What Happened

• John A. Weinzierl, Chairman of U.S. Energy Corp. and a reported ~10% owner, was granted 460,000 derivative awards on March 4, 2026. The filing describes these as nonqualified stock options issued under the U.S. Energy Corp. 2022 Equity Incentive Plan (transaction code A). The reported transaction price is $0.00 (i.e., an award/grant rather than an open‑market purchase).

Key Details

• Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (timely filing).
• Instrument: 460,000 nonqualified stock options (derivative award).
• Vesting: 50% (230,000 options) vest on July 1, 2026 and 50% (230,000 options) vest on January 2, 2027, subject to continued service (per footnote F5).
• Purpose: Issued in consideration for director services (per footnote F6).
• Price: Reported $0.00 for the grant (award), no exercise or sale reported.
• Shares owned following the transaction: not specified in the excerpted data; see the full Form 4 for post‑transaction beneficial ownership totals.
• Notable footnotes: filings note holdings held directly by Weinzierl, by Katla Energy Holdings LLC (which he wholly owns), and by a family trust (Weinzierl is trustee). The filing also references a voting agreement that groups Katla and other parties (see Remarks).

Context

• This was a compensation grant (options award), not an exercise or sale. The options vest over two dates and require continued service — they do not represent immediate cash or share proceeds unless later exercised and sold.
• As a 10% owner and Chairman, Weinzierl’s ownership is reported across multiple entities and a voting agreement; the filing includes disclaimers about beneficial ownership of securities held by other parties to that agreement. Grants to directors are common as retention/compensation and should be interpreted as company compensation activity rather than an open‑market buy or sell.