Pat Obara Form 4 URANIUM ENERGY / PAT OBARA ownership change

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).

1. Name and Address of Reporting Person^*

OBARA PAT

(Last) (First) (Middle)

106 - 1950 WEST 8TH AVENUE

(Street)

VANCOUVER A1 V6J1W3

(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)
Chief Financial Officer

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)
			Code	V	Amount	(A) or (D)	Price
COMMON STOCK	07/31/2023		M		39,166	A	(1)	743,633	D
COMMON STOCK	07/31/2023		F		20,954(3)	D	$3.12	722,679	D
COMMON STOCK	07/31/2023		M		22,374	A	(1)	745,053	D
COMMON STOCK	07/31/2023		F		11,971(3)	D	$3.21	733,082	D
COMMON STOCK	07/31/2023		M		10,050	A	(1)	743,132	D
COMMON STOCK	07/31/2023		F		5,377(3)	D	$3.32	737,755	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	07/31/2023		M			39,166	(2)	(2)	Common Stock	39,166	$0	74,900	D
Restricted Stock Units	(1)	07/31/2023		M			22,374	(4)	(4)	Common Stock	22,374	$0	52,526	D
Restricted Stock Units	(1)	07/31/2023		M			10,050	(4)	(4)	Common Stock	10,050	$0	42,476	D
Restricted Stock Units	(1)	07/31/2023		A(5)		55,000		(6)	(6)	Common Stock	55,000	$0	97,476	D
Performance Based Restricted Stock Units	(7)	07/31/2023		A(5)		58,333		(8)	(8)	Common Stock	58,333	$0	181,899	D
Performance Stock Options	$3.98	07/31/2023		A(5)		15,892		(9)	07/31/2033	Common Stock	15,892	$0	265,892	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/ PAT OBARA	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).
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