Scott Melbye, Executive Vice President of Uranium Energy Corp., sold 55,656 shares of common stock in a non-discretionary transaction to cover tax liabilities from vesting restricted stock units, according to an SEC filing. The sale was valued at $534,298 based on a weighted average price of $9.60 per share. Following the transaction, Melbye directly holds 1,244,182 shares worth approximately $11.9 million, along with 200,367 derivative securities. Uranium Energy Corp. has a market capitalization of $4.8 billion, trailing-twelve-month revenue of $20.2 million, and a net loss of $103.7 million.
Uranium Energy CorpInsider sale of shares to cover tax liabilities, though non-discretionary, may signal reduced insider confidence.
