Smith Ryan Lewis 4

What Happened
Smith Ryan Lewis, CEO and director of US ENERGY CORP (USEG), had 19,177 shares disposed on 2026-03-19 at $1.02 per share (total value ≈ $19,561). The Form 4 reports the transaction as code F — a payment to cover tax liability — not an open-market sale.

Key Details

• Transaction date: 2026-03-19; filing date: 2026-03-20 (timely filing).
• Shares disposed/withheld: 19,177 at $1.02 each; reported consideration ≈ $19,561.
• Transaction code: F (payment of exercise price or tax liability).
• Footnote: "Represents payment of tax withholding from exempt stock gains."
• Shares owned after the transaction: not disclosed in the provided filing details.

Context
This was a tax-withholding disposition (shares surrendered to cover taxes), a common administrative step when equity awards vest or options are exercised. Such withholdings reduce the insider’s share count but are not the same as an open-market sale and are generally considered routine; the filing is factual and does not indicate insider intent.