SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was 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). See Instruction 10.

1. Name and Address of Reporting Person^*

MELBYE SCOTT

(Last)

(First)

(Middle)

618 CLIFFGATE LANE

(Street)

CASTLE ROCK

80108

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
URANIUM ENERGY CORP [ UEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EXECUTIVE VICE PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
COMMON STOCK	07/31/2023		M		28,333	A	⁽¹⁾	877,114	D
COMMON STOCK	07/31/2023		F		8,080⁽³⁾	D	$3.12	869,034	D
COMMON STOCK	07/31/2023		M		22,374	A	⁽¹⁾	891,408	D
COMMON STOCK	07/31/2023		F		6,433⁽³⁾	D	$3.21	884,975	D
COMMON STOCK	07/31/2023		M		13,191	A	⁽¹⁾	898,166	D
COMMON STOCK	07/31/2023		F		3,793⁽³⁾	D	$3.32	894,373	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	07/31/2023		M			28,333	⁽²⁾	⁽²⁾	Common Stock	28,333	$0	84,322	D
Restricted Stock Units	⁽¹⁾	07/31/2023		M			22,374	⁽⁴⁾	⁽⁴⁾	Common Stock	22,374	$0	61,948	D
Restricted Stock Units	⁽¹⁾	07/31/2023		M			13,191	⁽⁴⁾	⁽⁴⁾	Common Stock	13,191	$0	48,757	D
Restricted Stock Units	⁽¹⁾	07/31/2023		A⁽⁵⁾		67,692		⁽⁶⁾	⁽⁶⁾	Common Stock	67,692	$0	144,121	D
Performance Based Restricted Stock Units	⁽⁷⁾	07/31/2023		A⁽⁵⁾		71,795		⁽⁸⁾	⁽⁸⁾	Common Stock	71,795	$0	206,009	D
Performance Stock Options	$3.98	07/31/2023		A⁽⁵⁾		19,560		⁽⁹⁾	⁽⁹⁾	Common Stock	19,560	$0	244,560	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.

2. This award has vested as to one-half of the Restricted Stock Units on the first anniversary of the grant date, with the remainder of the Restricted Stock Units to vest in equal installments on the first, second and third anniversary of the grant date.

3. Represents shares of common stock withheld to satisfy tax withholding requirements upon the vesting of this award.

4. This award has vested as to one-third of the Restricted Stock Units on the first, second and third anniversary of the grant date.

5. Granted pursuant to and in accordance with the Issuer's 2023 Stock Incentive Plan.

6. The Restricted Stock Units vest in three equal annual installments beginning July 31, 2024. Vested shares will be delivered to the reporting person no later than August 30th of each year.

7. Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of common stock.

8. The Performance Based Restricted Stock Units vest 100% on July 31, 2026. Vested shares will be delivered to the reporting person no later than August 30th, 2026.

9. Performance Options vest over 36-month period (33.33% 12, 24 and 36 months from the date of grant).

	/s/ SCOTT MELBYE	08/01/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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