Duane H. King - 04 Mar 2026 Form 4 Insider Report for US ENERGY CORP (USEG)

Reporting relationship: Director, Member of 10% owner group
Issuer ticker: USEG
Reported as of: 04 Mar 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Mar 2026, 17:52:42 UTC
Prior SEC filing: 30 Oct 2025
Source filing: View source filing
Reporting owner signature: /s/ Duane H. King

Key filing fact

Duane H. King filed Form 4 for US ENERGY CORP (USEG) on 06 Mar 2026.

Key facts

This page summarizes Duane H. King's Form 4 filing for US ENERGY CORP (USEG).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 06 Mar 2026, 17:52.

Change

Previous filing in this sequence was filed on 30 Oct 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (2)

CIK 0001903594 Primary reporting owner

King Duane H

Relationship: Director, Member of 10% owner group
Address: C/O U.S. ENERGY CORP., 1616 S. VOSS, SUITE 725, HOUSTON
Signature: /s/ Duane H. King
Signature date: 06 Mar 2026

CIK 0001938274

King Oil & Gas Company, Inc.

Relationship: Director owned entity
Address: 1401 LAKE PLAZA DR., SUITE 200-185, SPRING
Signature: /s/ Duane H. King, Chief Executive Officer of King Oil and Gas Company, Inc.
Signature date: 06 Mar 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

USEG holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 193,913
Date: 04 Mar 2026
Ownership: Direct
Footnotes: F1

USEG holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,359,728
Date: 04 Mar 2026
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

USEG transaction Derivative

Non-Qualified Stock Option (right to buy)

Award

Transaction value
Shares: +230,000
Change %
Price: $0.000000^*
Shares after: 230,000
Date: 04 Mar 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 230,000
Exercise price: $1.11
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Excludes shares of common stock relating to the voting group included under "Remarks".

Footnote F2

Represents shares of Common Stock, $0.01, held by King Oil & Gas Company, Inc. ("King Oil"), which is 100% owned by Duane K. King. The shares held by King Oil may be deemed to be beneficially owned by Mr. King due to his status as Chief Executive Officer of and ownership interests in King Oil. Mr. King disclaims beneficial ownership other than to the extent of his pecuniary interest therein.

Footnote F3

Nonqualified Stock Options granted on March 4, 2026 pursuant to the U.S. Energy Corp. 2022 Equity Incentive Plan. The options vest in two equal annual installments of 50% each: 115,000 options on July 1, 2026 and 115,000 options on January 2, 2027, subject to the Reporting Person's continued service with the Issuer on such vesting dates.

Footnote F4

Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a Director of the Issuer.

SEC remarks

By virtue of being party to a Nominating and Voting Agreement, dated as of January 5, 2022, as amended September 16, 2023 (the "Voting Agreement"), Mr. King and King Oil may be deemed to be a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended. The reporting persons disclaim beneficial ownership of any securities owned by any of the other signatories to the Voting Agreement (and/or their control persons) and the filing of this Form 4 shall not be deemed an admission, for purposes of Section 16 of the Exchange Act or otherwise, that any of the reporting persons and any other person or persons constitute a "group" for purposes of Section 13(d)(3) of the Exchange Act or Rule 13d-5 thereunder. In addition, none of the reporting persons have any pecuniary interest in any of the securities beneficially owned by any of the other signatories to the Voting Agreement (and/or their control persons).