Insider Trends: Uranium Energy Insider Converts Option/Derivative Security Sells Portion to Pay Tax, Buy Trend Intact
06:17 PM EDT, 05/10/2021 (MT Newswires) -- Spencer Abraham, Director, exercised options/derivative securities for 345,000 shares of Uranium Energy (UEC) and sold 130,992 shares in the company for $437,513 to meet tax obligations on May 07, 2021. After accounting for tax obligations this transaction resulted in a net acquisition of 214,008 company shares. After the Form 4 filing with the SEC, Abraham owns 398,595 shares of the company, with a market value, based on the prior-day closing price, of $1.33 million. In addition the company has granted Abraham stock options of which 1,905,000 are currently in the money and have an approximate value of $3,595,478 as of yesterday's closing price.
During the most recent 90-day period, prior to the date of this filing, there have been 5 insider transactions reported to the SEC for Uranium Energy. These transactions came from the activities of 3 different insiders that resulted in a net acquisition of 160,782 company shares. Relative to the preceding 90-day window of time, there were 3 transactions from 2 insiders and resulted in the net acquisition of 137,444 shares.
This level of insider transactions is lower than the peer group average in the 4-company Uranium peer group over the last 90-day period. Activity in the peer group averaged 46.8 transactions per company, with company insiders acquiring on average 200,640 shares.
SEC Story Link http://www.sec.gov/Archives/edgar/data/1334933/000143774921011566/xslF345X03/rdgdoc.xml
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