Wortzman Jack 4

What Happened Jack Wortzman, a director of Frontier Nuclear & Minerals Inc. (FNUC), settled 7,500 restricted share units (RSUs) in a cash-only settlement on April 10, 2026. The filing reports a derivative conversion (transaction code M) showing 7,500 units disposed at $3.91 each for a total cash payment of $29,313. No common shares were issued in connection with this settlement.

Key Details

• Transaction date: 2026-04-10; Form 4 filed: 2026-04-14 (filed within the two-business-day window).
• Reported price/value: $3.91 per unit (30-day VWAP used = $3.9084); total cash paid $29,313.00.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: RSUs were granted 2025-07-21 under the issuer's RSU Plan; each RSU converts to one common share or cash equivalent as allowed; these RSUs do not expire. The settlement was cash-only (no shares issued).
• Transaction code: M (exercise/conversion of derivative); reported as a disposition (cash settlement).

Context This was a routine cash settlement of previously granted RSUs rather than an open-market sale of shares or a cash purchase. Cash-settled RSU events commonly occur for compensation or tax-withholding purposes and do not by themselves indicate insider buying interest.