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*
Adnani Amir

(Last) (First) (Middle)
1830-1188 WEST GEORGIA STREET

(Street)
VANCOUVER A1 V6E4A2

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/21/2024
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)
Code V Amount (A) or (D) Price
Common Stock 05/21/2024 M 550,000 A $0.9421(1) 4,465,861 I Amir Adnani Corp.
Common Stock 05/21/2024 F 68,812 D $7.53(1) 4,397,049 I Amir Adnani Corp.
Common Stock 05/21/2024 F 129,114 D $7.53(1) 4,267,935 I Amir Adnani Corp.
Common Stock 05/21/2024 M 150,000 A $0.91(2) 4,417,935 I Amir Adnani Corp.
Common Stock 05/21/2024 F 18,127 D $7.53(2) 4,399,808 I Amir Adnani Corp.
Common Stock 05/21/2024 F 35,276 D $7.53(2) 4,364,532 I Amir Adnani Corp.
Common Stock 05/21/2024 M 850,000 A $1.1(3) 5,214,532 I Amir Adnani Corp.
Common Stock 05/21/2024 F 124,170 D $7.53(3) 5,090,362 I Amir Adnani Corp.
Common Stock 05/21/2024 F 194,160 D $7.53(3) 4,896,202 I Amir Adnani Corp.
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options $0.9421 05/21/2024 M 550,000 10/30/2019 07/30/2029 Common Stock 550,000 (4) 150,000 D
Options $0.91 05/21/2024 M 150,000 10/16/2020 07/16/2030 Common Stock 150,000 (4) 0 D
Performance Stock Options $1.1 05/21/2024 M 850,000 07/16/2021 07/16/2030 Common Stock 850,000 (4) 114,915 D
Explanation of Responses:
1. The Reporting Person exercised options previously granted to him under the Company's then Stock Incentive Plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provisions of such plan. As such, the Issuer withheld 68,812 shares at a fair market value of $7.53 per share being equal to the exercise price, and 129,114 shares to satisfy tax withholding requirements, such that the Reporting Person was issued 352,074 shares.
2. The Reporting Person exercised options previously granted to him under the Company's then Stock Incentive Plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provisions of such plan. As such, the Issuer withheld 18,127 shares at a fair market value of $7.53 per share being equal to the exercise price, and 35,276 shares to satisfy tax withholding requirements, such that the Reporting Person was issued 96,597 shares.
3. The Reporting Person exercised options previously granted to him under the Company's then Stock Incentive Plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provisions of such plan. As such, the Issuer withheld 124,170 shares at a fair market value of $7.53 per share being equal to the exercise price, and 194,160 shares to satisfy tax withholding requirements, such that the Reporting Person was issued 531,670 shares.
4. Granted pursuant to and in accordance with the Company's stock incentive plan.
/s/ Amir Adnani 05/23/2024
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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