UR‑ENERGY (URG) Director Gary Huber Exercises Options, Sells Shares

What Happened
Gary C. Huber, a director of UR‑ENERGY Inc. (URG), exercised 87,858 stock options on August 25, 2026 and sold the resulting shares the same day. He paid the option exercise cost (US$1.0405 per share; total US$91,416) and sold the 87,858 shares at US$1.4790 per share for total proceeds of US$129,942. The transactions reflect an exercise (derivative conversion) followed by an immediate open‑market sale.

Key Details

• Transaction date: August 25, 2026 (Form 4 filed Aug 26, 2026). Filing appears timely (one day after the transactions).
• Options exercised: 87,858; exercise price: C$1.44 per share (US$1.0405 per share using realized FX C$1.00 = US$0.7226); total exercise cost US$91,416.
• Shares sold: 87,858; sale price: C$2.0468 per share (US$1.4790 per share using the same FX); total proceeds US$129,942.
• Reported derivative disposition at $0 reflects conversion of options into shares upon exercise.
• Vesting: the 87,858 options were granted 8/27/2021 and vested in three equal tranches on 8/27/2022, 8/27/2023 and 8/27/2024 (per footnote).
• Shares owned after the transaction: Not disclosed in the provided excerpt.

Context

• This was effectively a cashless exercise: options were converted to shares and those shares were sold the same day. Such transactions are often routine (to realize gains or cover exercise/tax costs) rather than a clear bullish or bearish signal.
• Codes: M = option exercise/conversion; S = sale. The zero‑dollar derivative disposition line is standard when options are surrendered/converted on exercise.