X0508 4 2026-03-04 0000101594 US ENERGY CORP USEG 0001050736 Keys Randall D C/O U.S. ENERGY CORP. 1616 S. VOSS, SUITE 725 HOUSTON TX 77057 1 0 Common Stock 193913 D Non-Qualified Stock Option (right to buy) 1.11 2026-03-04 4 A 0 230000 0 A 2036-03-04 Common Stock 230000 230000 D 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. Issued to the Reporting Person in consideration for services rendered and agreed to be rendered to the Issuer as a Director of the Issuer. /s/ Randall D. Keys 2026-03-06