US ENERGY CORP — Director's Dealing 2025

Jan 13, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: US ENERGY CORP (USEG)
CIK: 0000101594
Period of Report: 2025-01-09

Reporting Person: Weinzierl John A (Director, 10% Owner, Member of 10% owner group)
Reporting Person: John Alfred Weinzierl 2020 Trust u/a November 10, 2020 (10% Owner, Member of 10% owner group)
Reporting Person: Katla Energy Holdings LLC (10% Owner, Member of 10% owner group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-01-09	Common Stock	A	1400000	—	Acquired	1400000	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	417826	Direct
Common Stock	4853565	Direct
Common Stock	3124893	Indirect

Footnotes

F1: Excludes shares of common stock relating to the voting group described below under "Remarks". Represents shares of common stock, $0.01 par value per share of the Issuer ("Common Stock"), held by Mr. Weinzierl directly. This Form 4 is filed jointly by John A. Weinzierl and Katla. Mr. Weinzierl is the 100% owner of all of the equity of Katla. Mr. Weinzierl is also the Chairman of U.S. Energy Corp. and is the Trustee of the Trust (defined below). Mr. Weinzierl disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

F2: Excludes shares of common stock relating to the voting group described below under "Remarks". Represents shares of Common Stock held by Katla Energy Holdings LLC ("Katla"). The shares held by Katla may be deemed to be beneficially owned by Mr. Weinzierl due to his ownership of 100% of Katla and his position as Managing Member of Katla.

F3: 3. Excludes shares of common stock relating to the voting group described below under "Remarks". Represents shares of Common Stock held by John Alfred Weinzierl 2020 Trust, u/t/a November 10, 2020 (the "Trust"). The shares held by the Trust may be deemed to be beneficially owned by Mr. Weinzierl due to his position as Trustee of the Trust.

F4: Mr. Weinzierl disclaims beneficial ownership other than to the extent of his pecuniary interest therein.

F5: Shares are owned directly by Synergy Offshore LLC ("Synergy"). Katla is an owner of member interests in Synergy Producing Properties, LLC ("SPP"), which is the 100% owner of Synergy. Mr. Weinzierl and Katla may be deemed to beneficially own the shares of common stock owned by Synergy based on certain member rights in SPP. Mr. Weinzierl and Katla disclaim beneficial ownership in such shares other than to the extent of their pecuniary interest therein..

F6: The shares were issued by the Issuer, and acquired by Synergy, as seller, pursuant to a Purchase and Sale Agreement (the "PSA") as partial consideration for the sale of assets by the seller. No fair market value has been determined or allocated at this time to the share consideration or other non-cash consideration issued under the PSA.