Cates Steven M., CFO and SVP-Finance of Westwater Resources (WWR), has filed 39 Form 4 transactions, all in that single company, with no open-market purchases or sales during the reporting period. The pattern is dominated by compensation-related activity: grants (code A), option exercises (code M), and shares withheld to cover tax obligations (code F). The total value of acquired shares was $50,225.42, while no buy or sell value was recorded, indicating that all activity stemmed from equity awards rather than discretionary trading.
The most recent cluster of filings, dated January 15, 2026, shows a series of option exercises and corresponding tax-withholding transactions. For instance, exercises were paired with F-code withholdings valued at $154,046.44, $77,023.84, and $46,213.56, alongside smaller withholdings of $22,245.60, $11,122.80, and $10,451.96. These were accompanied by new grants (code A) with no reported value. A similar pattern occurred on February 28, 2025, with exercises and withholdings ranging from $2,543.25 to $10,088.25, plus additional grants. The most recent filings, dated May 22, 2026, are two zero-value grants, suggesting routine equity compensation.
The absence of P (purchase) or S (sale) codes is notable. Cates has not signaled a directional view through open-market activity; instead, the filings reflect scheduled vesting and tax mechanics. The F-code withholdings, which are automatic, account for the dollar values in the filings, while the M and A codes represent the underlying equity movements. Overall, the data shows a CFO managing equity compensation through standard administrative transactions, with no recent discretionary buying or selling bias.
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