Uranium Energy (UEC) CEO Adnani Exercises/Settles Awards; Shares Withheld

What Happened

• Amir Adnani, President & CEO and a director of Uranium Energy Corp (UEC), had multiple equity awards/derivatives convert or vest on July 29 and July 31, 2025. Across those transactions roughly 778,990 shares were recorded as acquired/issued through exercise/conversion or settlement of Performance-Based RSUs and Restricted Stock Units, and 330,682 shares were specifically noted as a grant/award settlement on July 31, 2025.
• To satisfy tax withholding on the vesting/settlement, 291,761 shares were withheld/disposed (codes F) at reported per-share amounts of $8.99 and $8.68, generating proceeds of $2,596,220. Several additional line items show $0 dispositions related to derivative conversion/settlement accounting.

Key Details

• Transaction dates: July 29, 2025 and July 31, 2025 (filing is an AMENDED Form 4 filed 2026-07-31).
• Main actions: multiple exercise/conversion of derivatives (code M), settlement/grant of awards (code A), and shares withheld for tax withholding upon vesting (code F).
• Shares acquired/issued (aggregate from this filing): ~778,990 shares (includes 330,682 shares noted as award/settlement on 7/31/2025).
• Shares withheld for tax withholding: 291,761 shares, proceeds reported $2,596,220 (sum of $791,578; $280,731; $775,981; $747,930).
• Some disposals are recorded at $0 — these reflect derivative settlement/accounting rather than open-market sales.
• Footnotes clarify these were Performance Based RSUs and Restricted Stock Units settling to one share per unit, with portions withheld to satisfy tax obligations (F1–F3). Awards granted under the 2024 Stock Incentive Plan (F8).
• Filing timeliness: This is an amended filing submitted about one year after the reported transactions; the original Form 4 appears to have been untimely (late) and was amended.

Context

• These transactions reflect award vesting/settlement and tax-withholding mechanics, not open-market “sales” by the insider. Withheld shares to cover taxes are routine for vested equity and do not necessarily signal a change in sentiment.
• For derivatives/option exercises: because shares were withheld to cover taxes (and some derivative dispositions are $0), this functions like a cashless settlement of vested units rather than a market sale.
• The amendment and late filing may affect timeliness transparency but do not change the substance that a large block of RSUs/PSUs vested and tax withholding occurred.