Ur‑Energy (URG) Director Parker H. Thomas Exercises Options, Sells Shares

What Happened

• Parker H. Thomas, a director of Ur‑Energy Inc. (URG), exercised 87,858 stock options on 2026-08-25 and acquired the same number of common shares. The exercise price was Cdn$1.44 per share (US$1.0405), costing approximately US$91,416. Those 87,858 shares were sold the same day at Cdn$2.0521 (US$1.4828) per share, generating proceeds of about US$130,276. The option position was cancelled/converted in the process.
• This sequence (exercise then immediate sale) is effectively a cashless exercise with an overall gross proceeds minus exercise cost of roughly US$38,860. Sales by insiders are common and may be routine liquidity events; this filing does not state any change in company outlook.

Key Details

• Transaction date: 2026-08-25; exercise price: Cdn$1.44 (US$1.0405) per share; sale price: Cdn$2.0521 (US$1.4828) per share.
• Shares involved: 87,858 options exercised → 87,858 shares acquired → 87,858 shares sold.
• Reported dollar amounts (USD): exercise cost ≈ $91,416; sale proceeds ≈ $130,276.
• Footnotes: the CAD→USD conversion used Cdn$1.00 = US$0.7226. The 87,858 options were granted 8/27/2021 and vested in thirds on 8/27/2022, 8/27/2023 and 8/27/2024.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form 4 was filed on 2026-08-26 for a 2026-08-25 transaction (filed the next day), indicating a timely report.

Context

• This was an options exercise (transaction code M) followed by an immediate open-market sale (S). That pattern is commonly used to cover the exercise cost, tax withholding, or to take profits; it does not by itself indicate management’s long‑term view of the company.
• For retail investors: purchases (insider buys) are often considered stronger positive signals than routine option exercises and sales. This filing documents a routine cashless exercise and sale by a director rather than a new purchase.