Walker James John 4

What Happened

• James John Walker, CEO of Nano Nuclear Energy (NNE), exercised stock options on Feb 2, 2026 to acquire 330,000 shares at an exercise price of $1.50 per share, for a total cash outlay of $495,000. The Form 4 also shows the related derivative (the options) being converted/disposed at $0.00, reflecting the cancellation/conversion of the option instrument upon exercise. No sale of the acquired shares was reported.

Key Details

• Transaction date: February 2, 2026; Form 4 filed February 4, 2026 (appears timely — within the usual two-business-day window).
• Action codes: M = Option exercise / conversion of derivative.
• Shares acquired: 330,000 at $1.50 each — total $495,000.
• Derivative disposed: 330,000 (listed at $0.00) — represents the option being converted/cancelled.
• Shares owned following the transaction: Not disclosed in the provided excerpt of the filing.
• Footnote: The options exercised were originally granted to Walker, fully vested and exercisable on Feb 10, 2023, and expired Feb 10, 2026; they were exercised on Feb 2, 2026 (F1).

Context

• This was an outright exercise of vested options (not a sale). Because Walker paid cash to exercise and no immediate sale was reported, this increases his direct shareholding (a purchase-like action), which many retail investors view as a more informative insider move than routine sales. The derivative-disposal line simply documents the options being converted into common stock upon exercise.