Weinzierl John A 4

What Happened

• John A. Weinzierl, a 10% owner of U.S. Energy Corp and Chairman (also files jointly with Katla Energy Holdings LLC and is Trustee of a family trust), reported a set of offsetting transactions on April 29, 2026. The Form 4 shows a disposition of 1,818,000 shares at $1.10 each (proceeds $1,999,800) and two acquisitions of 909,000 shares each at $1.10 (each $999,900), for total purchases of 1,818,000 shares ($1,999,800). The sales and purchases are equal in number and price, so the net reported change in holdings from these entries is zero. All three transactions are coded as “J” (other acquisition or disposition).

Key Details

• Transaction date: April 29, 2026; Form 4 filed May 1, 2026.
• Prices and amounts: 1,818,000 shares sold @ $1.10 ($1,999,800); 909,000 shares acquired @ $1.10 ($999,900) twice (total acquired 1,818,000 shares, $1,999,800).
• Net effect: No net change in reported shares from these entries (sold 1,818,000 / bought 1,818,000).
• Shares owned after transaction: Not specified in the provided summary of the Form 4.
• Footnotes: The filing is joint with Katla Energy Holdings LLC (which Mr. Weinzierl wholly owns) and a family trust (he is Trustee). Footnotes indicate distributions by Katla to Mr. Weinzierl/spouse (F5) and gifts to trusts (F6). Reporting persons disclaim beneficial ownership of securities held by other Voting Agreement parties. See Remarks re: a Voting Agreement that creates a Section 13(d) group with other parties.
• Transaction code: J = other acquisition/disposition (often used for transfers among related parties, distributions or gifts).
• Filing timeliness: Form 4 filed two days after the transaction date; no late-filing flag shown in the provided data.

Context

• These entries look like intra-family or related-entity transfers (distributions/gifts) rather than open-market buys or sales; the identical share counts and prices support that reading and footnotes explicitly reference distributions and gifts. Such transfers do not necessarily signal a change in the insider’s market view.
• As a >10% owner and member of a voting group under a Voting Agreement, Weinzierl’s holdings may be aggregated with other parties for Section 13(d) purposes; the filing disclaims beneficial ownership of other signatories’ shares.