Uranium Energy (UEC) CEO Amir Adnani Exercises Derivatives, Receives RSU Awards

What Happened

• Amir Adnani, President & CEO and a director of Uranium Energy Corp (UEC), had multiple derivative exercises/conversions and award grants reported for July 31, 2023 (amended filing). The filer shows 259,861 shares acquired through exercises/conversions (133,333 + 78,488 + 48,040). To satisfy tax withholding obligations, 139,028 shares were surrendered/withheld (71,334; 41,992; 25,702) with an aggregate reported value of $442,687 (per-share values reported at $3.12, $3.21 and $3.32). Net shares delivered to the reporting person from those settlements were approximately 120,833 (259,861 acquired minus 139,028 withheld).
• In addition, the filing reports three awards/grants (derivative-style awards) totaling 934,402 units (397,692; 421,795; 114,915) granted pursuant to the issuer’s 2023 Stock Incentive Plan. These awards include time- and performance-based restricted stock units and performance options with staggered vesting schedules.

Key Details

• Transaction date: July 31, 2023 (this is an AMENDED Form 4 filed on July 31, 2026 — the filing is late).
• Exercise/conversion totals: 259,861 shares acquired (three derivative conversions).
• Shares withheld for taxes: 139,028 shares; total reported value withheld ≈ $442,687.
• Grants awarded on the same date: 934,402 RSU/PRSU/options (various vesting: some vest in equal annual installments, some 1/3 each year, some performance-based vesting to July 31, 2026, and some vest over 36 months).
• Footnotes: RSUs = right to one share at settlement; some awards vest over 1–3 years; performance RSUs vest 100% on July 31, 2026; withheld shares were used to satisfy tax withholding on vesting.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Timeliness: filing was amended and submitted three years after the reported transactions (late). Late/amended filings reduce near‑term transparency for investors.

Context

• These transactions appear to be routine insider settlement activity (derivative conversions/RSU settlements) with shares withheld to meet tax obligations rather than open-market sales. The $0.00 values shown for some derivative entries are consistent with RSU/unit settlements or derivative conversions rather than a cash sale price.
• Grants (A) reported are awards with future vesting conditions; they do not represent immediate open-market purchases and do not by themselves signal immediate personal selling or buying.