Form 4: UR-Energy Director Acquires Options and RSUs

UR-Energy Inc. Director Robby Sai Kit Chang acquired 91,602 common share options and 22,902 restricted share units on December 22, 2025.

Summary

• Robby Sai Kit Chang, a Director of UR-ENERGY INC (URG), acquired derivative securities on December 22, 2025.
• The acquisition included 91,602 common share options with an exercise price of $1.4657 U.S. dollars per share (equivalent to Cdn$2.02 based on an exchange rate of Cdn$1.00 = US$0.7256).
• These options will vest in three equal annual installments of 30,534 shares on December 22, 2026, December 22, 2027, and December 22, 2028, and will expire on December 22, 2030.
• Following this transaction, the Director beneficially owns 427,992 common share options.
• Additionally, 22,902 restricted share units (RSUs) were acquired, with each unit redeemable for one common share upon vesting.
• These RSUs will be redeemed for common shares on or within 30 days of December 22, 2027.
• After the transaction, the Director beneficially owns 62,211 restricted share units.

Sentiment

Score: 6

Explanation: The acquisition of equity by a director is generally a positive signal, indicating confidence in the company's future. However, as this appears to be a compensation-related grant rather than an open market purchase, the sentiment is moderately positive rather than strongly positive.

Positives

• A Director acquiring additional equity through options and restricted share units can signal confidence in the company's future prospects and aligns management interests with shareholders.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's financial performance or strategic outlook, focusing solely on an insider's equity transactions.

Industry Context

This Form 4 filing is a routine disclosure of insider equity compensation and does not provide specific insights into broader industry trends or competitive landscape. It reflects standard practice for compensating directors with equity-based incentives.

Stakeholder Impact

• Shareholders: The acquisition of equity by a director aligns their interests with those of shareholders, potentially fostering a stronger commitment to long-term company performance.

Next Steps

• The common share options will vest in three annual installments starting December 22, 2026.
• The restricted share units will be redeemed for common shares on or within 30 days of December 22, 2027.

Key Dates

Keywords

UR-Energy, URG, Insider Transaction, Form 4, Stock Options, Restricted Share Units, Director Compensation, Equity Grant