Form 4: Energy Fuels Director Sells 25,000 Shares

Energy Fuels Inc. Director Dennis L. Higgs sold a total of 25,000 common shares in two transactions in late November 2025 under a Rule 10b5-1 plan.

Summary

• Dennis L. Higgs, a Director of Energy Fuels Inc. (UUUU), reported the sale of common shares.
• On November 24, 2025, Mr. Higgs sold 15,000 common shares at an average price of $13.61 per share.
• On November 25, 2025, an additional 10,000 common shares were sold at an average price of $14.39 per share.
• The prices reported are averages of multiple same-day sale prices and are available to the SEC upon request.
• The reported prices reflect Canadian Dollar to USD conversions using an exchange rate of CAD 1 to USD 0.71.
• Following these transactions, Mr. Higgs directly beneficially owns 167,964 common shares.
• The transactions were made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 4

Explanation: Director Dennis L. Higgs sold 25,000 common shares, reducing his direct beneficial ownership. While the sales were executed under a Rule 10b5-1 plan, which indicates pre-planning, insider selling can sometimes be perceived negatively by the market.

Positives

• The sales were conducted under a Rule 10b5-1 plan, indicating pre-scheduled transactions rather than reactive selling, which can mitigate negative market perception.

Negatives

• A Director, Dennis L. Higgs, reduced his direct beneficial ownership in the company by selling a total of 25,000 common shares.
• The total value of shares sold across the two transactions was approximately $349,050 (15,000 shares * $13.61 + 10,000 shares * $14.39).

Future Outlook

NA

Industry Context

This filing reports an individual insider transaction and does not provide broader industry context or trends. It is specific to the trading activity of a company director.

Related Party Transactions

• Director Dennis L. Higgs engaged in the sale of company common shares, which constitutes a related party transaction.

Stakeholder Impact

• Shareholders may view the reduction in a director's beneficial ownership with caution, although the Rule 10b5-1 plan suggests a pre-determined selling strategy rather than a reaction to new negative information.

Key Dates

Recommendation

Director Dennis L. Higgs sold 25,000 common shares under a Rule 10b5-1 plan. While insider selling can be a cautionary signal, the pre-planned nature mitigates immediate concerns. This transaction alone does not fundamentally alter the investment thesis, but warrants continued monitoring of insider activity and company fundamentals.

Keywords

Energy Fuels, UUUU, Insider Trading, Form 4, Director Sale, Common Shares, Dennis L. Higgs, Uranium