UR‑ENERGY (URG) COO Steven Hatten Exercises Options, Sells Shares

What Happened

• Steven M. Hatten, Chief Operating Officer of UR‑ENERGY Inc., exercised 81,576 stock options and then sold those 81,576 shares in an open‑market transaction. The options were exercised at an equivalent U.S. price of $1.0464 per share (C$1.44) for a total exercise cost of $85,361, and the shares were sold at an equivalent U.S. price of $1.3880 per share (C$1.91) for total proceeds of $113,227. Net proceeds from the roundtrip were about $27,866 before taxes and fees.

Key Details

• Transaction dates: all transactions reported on 2026-08-21; Form 4 filed 2026-08-24. The filing does not indicate it was late.
• Exercise (derivative): 81,576 options exercised at C$1.44 (US$1.0464) — total cost US$85,361. (Footnote F1)
• Sale (open market): 81,576 common shares sold at C$1.91 (US$1.3880) — total proceeds US$113,227. (Footnote F2)
• Derivative disposition: the underlying options (the derivative) were reported as disposed in connection with the exercise (no separate cash value). (M code + $0 reported)
• Vesting: the 81,576 options were granted 08/27/2021 and vested in thirds on 8/27/2022, 8/27/2023 and 8/27/2024. (Footnote F3)
• Shares owned after transaction: not specified in the Form 4 filing.

Context

• This was effectively a cashless exercise: Hatten exercised vested options and immediately sold the resulting shares in the open market. Such transactions commonly reflect option monetization rather than an additional bullish purchase of common stock.
• The filing provides exchange‑rate conversions from Canadian dollars to U.S. dollars on the transaction date; all dollar amounts above use the filing's reported U.S. equivalents.