Law Tsun Yee 4

What Happened

• Law Tsun Yee, a director of Nano Nuclear Energy Inc. (NNE), had 3,428 restricted stock units (RSUs) vest and settle into 3,428 shares of common stock on June 3, 2026. The filing shows the shares were issued at $0.00 cash cost to the insider. Based on the RSU valuation in the footnote ($29.18 per RSU, the June 3, 2025 close), the vested award had an implied value of about $100,029.

Key Details

• Transaction date: June 3, 2026 (reported on Form 4 filed June 5, 2026)
• Reported transaction types: conversion/exercise of a derivative (M) — derivative disposed and common shares acquired; reported price per share: $0.00
• Shares involved: 3,428 shares issued upon RSU settlement
• Implied value per footnote: $29.18 per RSU (grant-date pricing used), total ≈ $100,029
• Shares owned after transaction: not disclosed in the provided data
• Footnote: RSUs were granted on June 3, 2025 under the 2025 Equity Incentive Plan and vested/settled on June 3, 2026 (see F1)
• Timeliness: Filing appears timely (transaction 6/3/2026, Form 4 filed 6/5/2026)

Context

• This was not an open-market purchase or sale but the vesting/settlement of equity compensation (RSUs). The Form records both the derivative being converted/removed and the issuance of common shares; no cash changed hands. Vesting events are compensation-related and do not necessarily signal an insider's view of the company's stock.