Smith Ryan Lewis 4
Research Summary
AI-generated summary
US ENERGY CORP (USEG) CEO Smith Ryan Lewis Surrenders 19,177 Shares
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.