Sec Form 4 Filing - Abraham Spencer @ URANIUM ENERGY CORP - 2021-05-07

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

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Abraham Spencer 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 _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 600 14TH STREET, NW, SUITE 500 3. Date of Earliest Transaction (MM/DD/YY) 05/07/2021 (Street) WASHINGTON, DC20005 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 05/07/2021 M 50,000 A $ 2.41 ( 1 ) 234,587 D COMMON STOCK 05/07/2021 F 36,078 D $ 3.34 198,509 D COMMON STOCK 05/07/2021 M 80,000 A $ 0.93 ( 2 ) 278,509 D COMMON STOCK 05/07/2021 F 22,276 D $ 3.34 256,233 D COMMON STOCK 05/07/2021 M 45,000 A $ 1.28 ( 3 ) 301,233 D COMMON STOCK 05/07/2021 F 17,246 D $ 3.34 283,987 D COMMON STOCK 05/07/2021 M 45,000 A $ 1.53 ( 4 ) 328,987 D COMMON STOCK 0 5/07/2021 F 20,614 D $ 3.34 308,373 D COMMON STOCK 05/07/2021 M 75,000 A $ 0.9421 ( 5 ) 383,373 D COMMON STOCK 05/07/2021 F 21,155 D $ 3.34 362,218 D COMMON STOCK 05/07/2021 M 50,000 A $ 0.91 ( 6 ) 412,218 D COMMON STOCK 05/07/2021 F 13,623 D $ 3.34 398,595 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 $ 2.41 05/07/2021 M 50,000 07/15/2014 01/15/2023 Common Stock 50,000 ( 7 ) 470,000 D Options $ 0.93 05/07/2021 M 80,000 02/02/2018 08/02/2021 Common Stock 80,000 ( 7 ) 390,000 D Options $ 1.28 05/07/2021 M 45,000 08/22/2019 08/22/2022 Common Stock 45,000 ( 7 ) 345,000 D Options $ 1.53 05/07/2021 M 45,000 07/25/2020 07/25/2023 Common Stock 45,000 ( 7 ) 300,000 D Options $ 0.9421 05/07/2021 M 75,000 01/30/2021 07/30/2029 Common Stock 75,000 ( 7 ) 225,000 D Options $ 0.91 05/07/2021 M 50,000 01/16/2021 07/30/2030 Common Stock 50,000 ( 7 ) 175,000 D

Reporting Owner s Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Abraham Spencer 600 14TH STREET, NW SUITE 500 WASHINGTON, DC20005 X Signatures /s/ Spencer Abraham 05/10/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 36,078 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 13,922 shares. ( 2 )The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 22,276 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 57,724 shares. ( 3 )The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 17,246 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 27,754 shares. ( 4 )The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 20,614 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 24,386 shares. ( 5 )The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 21,155 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 53,845 shares. ( 6 )The Reporting Person exercised options previously granted to him under the Company stock incentive plan, electing to pay the exercise price pursuant to the deemed net-stock exercise provision of such plan. As such, the Issuer withheld 13,623 shares at a fair market value of $3.34 per share being equal to the exercise price, such that the Reporting Person was issued 36,377 shares. ( 7 )Granted pursuant to and in accordance with the Company's stock incentive plan.

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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