Yu Kenny Joe Yung 4

What Happened
Yu Kenny Joe Yung, a director of Nano Nuclear Energy Inc. (NNE), had 3,428 restricted stock units (RSUs) vest and convert into 3,428 shares on June 3, 2026. The Form 4 reports an exercise/conversion of a derivative (code M) with an exercise price of $0.00, so no cash was paid; the filing notes a grant-date value of $29.18 per RSU (see footnote) implying about $100,029 in value based on that price. This was not an open‑market purchase or sale — it was the settlement of equity compensation.

Key Details

• Transaction date: 2026-06-03; Filing date: 2026-06-05 (filed within normal Section 16 timing).
• Reported transactions: 3,428 shares acquired (derivative exercised/converted) and 3,428 derivative units disposed (RSUs canceled) at $0.00 exercise price.
• Implied value at grant price: 3,428 × $29.18 ≈ $100,029 (per footnote F1, based on 6/3/2025 close).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnote F1: These shares represent RSUs granted on June 3, 2025 under the 2025 Equity Incentive Plan that vested and settled on June 3, 2026.

Context
This was a routine equity-compensation vesting event (RSUs converting to common stock), not an open-market buy or sale. No immediate sale of the vested shares is reported here, so the director’s reported beneficial holdings increased by 3,428 shares. For retail investors, RSU vestings reflect compensation and retention practices more than a direct market sentiment signal.