Cates Steven M.

Cates Steven M., CFO and SVP-Finance, has demonstrated a clear selling bias in his insider trading activity, as evidenced by SEC Form 4 filings. Over the course of 37 transactions, all involving Westwater Resources, Inc. (ticker: WWR), Cates has sold shares totaling $371,996.43, while purchasing shares worth only $50,225.42. This pattern underscores a net divestment from the company, with no recent buying activity reported. The majority of these transactions occurred on January 15, 2026, and February 28, 2025, with the largest single sale on January 15, 2026, amounting to $154,046.44. Smaller sales on the same date, such as $6,674.92 and $11,122.80, further illustrate a consistent trend of reducing his holdings in WWR. The transactions primarily involve the exercise of derivative securities, as indicated by the "F" code in the filings, which denotes transactions involving the conversion of derivative securities like options or warrants. Notably, there were no open market purchases or sales coded as "P" or "S," suggesting that Cates’ activity is tied to the exercise of pre-existing rights rather than discretionary trading. This pattern aligns with typical executive compensation structures, where stock options and warrants are often part of remuneration packages. While the filings do not indicate recent activity, the historical data reveals a sustained focus on reducing his stake in WWR, reflecting a strategic shift in his financial position relative to the company.