FNUC Director Jack Wortzman Redeems 8,209 RSUs for Cash

What Happened

• Jack Wortzman, a director of Frontier Nuclear & Minerals Inc. (FNUC), elected to redeem 8,209 vested restricted share units (RSUs) for cash on July 16, 2026. The Form 4 lists an exercise/conversion (code M) of 8,209 at $0.00 (reported $0) because the filing does not disclose the cash proceeds. No common shares were issued in connection with the redemption; the company must settle the cash payment within ten business days.

Key Details

• Transaction date: July 16, 2026 (reported on Form 4 filed July 20, 2026)
• Transaction type/code: RSU redemption / derivative conversion (M)
• Units redeemed: 8,209 vested RSUs
• Reported exercise price and immediate cash value on Form 4: $0.00 / $0 (cash payment amount not disclosed on the Form)
• Shares issued: None — redemption was cash-settled
• Shares owned after transaction: Not specified in the filing
• Footnote: RSUs were originally granted Feb 23, 2026 under the issuer's RSU plan; the reporting person elected cash settlement on the redemption date; issuer to pay cash within 10 business days
• Timeliness: Form 4 filed July 20 for a July 16 transaction — this appears to be later than the typical two-business-day filing window and may be considered tardy

Context

• This was a cash settlement of vested compensation (RSUs), not a purchase or open-market sale of shares. Cash-redemptions like this are commonly used to realize compensation or cover tax withholding and do not necessarily indicate the insider’s view of the stock. Because no shares were received, this transaction does not increase or dilute outstanding common shares.