Frontier Nuclear Director Brian Imrie Redeems RSUs for Cash

What Happened

• Brian Imrie, a director of Frontier Nuclear & Minerals Inc. (FNUC), elected to redeem vested restricted share units (RSUs) for cash on July 6, 2026. The Form 4 reports two derivative conversions (code M) disposing of 11,442 and 8,209 RSUs (total 19,651). The filing shows $0.00 per share because no common shares were issued; the company will pay the cash settlement within ten business days of each redemption.

Key Details

• Transaction dates: July 6, 2026 (redemption of RSUs granted July 21, 2025 and February 23, 2026, respectively).
• Reported price: $0.00 on Form 4 (reflects cash settlement rather than issuance of shares); issuer to settle cash within ten business days after each redemption date.
• Shares changed: 11,442 RSUs (from 7/21/2025 grant) and 8,209 RSUs (from 2/23/2026 grant), total 19,651 RSUs redeemed for cash.
• Filing date: July 20, 2026 — the Form 4 was filed 14 days after the transaction date (this is late relative to the usual 2-business-day reporting requirement).
• Footnotes: F1 and F2 confirm these were vested RSUs redeemed solely for cash and that no common shares were issued in connection with the redemptions.

Context

• These transactions are cash settlements of vested RSUs (not open-market purchases or sales of shares). Redemption for cash is typically a compensation or liquidity event rather than a direct market buy/sell signal.
• Transaction code M reflects exercise/conversion of a derivative (here, RSUs converted to cash). Because no shares were issued, this does not increase or decrease the publicly reported share count directly; any change to beneficial ownership was not specified in the filing.