Lee Hightower Divests All USEG Shares as Trustee

TL;DR

**Hightower's out of USEG, holding zero shares as of year-end.**

AI Summary

Lee Hightower, acting as a Trustee, filed an amended SC 13G/A on January 31, 2024, indicating a significant change in his beneficial ownership of U.S. Energy Corporation (USEG) common stock as of December 31, 2023. The filing shows that Hightower now beneficially owns 0 shares, a decrease from his previous holdings. This matters to investors because it signals a complete divestment by a previously disclosed beneficial owner, which could be interpreted as a lack of confidence in the company's future prospects.

Why It Matters

This filing indicates a complete exit by a significant beneficial owner, which can signal a lack of confidence and potentially put downward pressure on the stock price.

Risk Assessment

Risk Level: medium — A complete divestment by a beneficial owner can be a bearish signal, indicating potential concerns about the company's future performance.

Analyst Insight

Investors should investigate the reasons behind Lee Hightower's complete divestment of U.S. Energy Corporation shares and consider if this signals underlying issues before making investment decisions.

Key Numbers

• 0 shares — Beneficially Owned (Lee Hightower's current beneficial ownership in U.S. Energy Corporation as of December 31, 2023)
• December 31, 2023 — Date of Event (The date which required the filing of this statement, indicating the ownership status)

Key Players & Entities

• Lee Hightower (person) — Reporting Person, Trustee
• U.S. Energy Corporation (company) — Issuer of the securities
• 0 shares (dollar_amount) — Aggregate amount beneficially owned by Lee Hightower

Forward-Looking Statements

• U.S. Energy Corporation's stock price may experience downward pressure in the short term. (U.S. Energy Corporation) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.01 — tion (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securiti

Filing Documents

• fornsc13ga.htm (SC 13G/A) — 76KB
• 0001493152-24-004374.txt ( ) — 78KB

From the Filing

SC 13G/A 1 fornsc13ga.htm UNITED Securities and Exchange Commission Washington, D.C. 20549 Schedule 13G Under the Securities Exchange Act of 1934 (Amendment No. 2)* U.S. Energy Corporation (Name of Issuer) COMMON STOCK, $0.01 PAR VALUE (Title of Class of Securities) 911805307 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 911805307 1 Name of Reporting Persons Lee Hightower, Trustee 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3 SEC Use Only 4 Citizenship or Place of Organization United Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 shares* 6 Shared Voting Power 0 shares* 7 Sole Dispositive Power 0 shares* 8 Shared Dispositive Power 0 shares* 9 Aggregate Amount Beneficially Owned by Each Reporting Person 0 shares* 10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 11 Percent of Class Represented by Amount in Row (9) 0.00% 12 Type of Reporting Person IN * No shares of Common Stock of the Issuer are beneficially owned by Lee Hightower, as Trustee of the Hightower 2021 Descendants’ Trust, or by Melanie Hightower, as Trustee of the Melanie Hightower 2021 Family Trust. Lee and Melanie are husband and wife. P a g e | 2 CUSIP No. 911805307 1 Name of Reporting Persons Melanie Hightower, Trustee 2 Check the Appropriate Box if a Member of a Group (See Instructions) (a) (b) 3 SEC Use Only 4 Citizenship or Place of Organization United Number of Shares Beneficially Owned by Each Reporting Person With 5 Sole Voting Power 0 shares* 6 Shared Voting Power 0 shares* 7 Sole Dispositive Power 0 shares* 8 Shared Dispositive Power 0 shares* 9 Aggregate Amount Beneficially Owned by Each Reporting Person 0 shares* 10 Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) 11 Percent of Class Represented by Amount in Row (9) 0.00% 12 Type of Reporting Person IN * No shares of Common Stock of the Issuer are beneficially owned by Lee Hightower, as Trustee of the Hightower 2021 Descendants’ Trust, or by Melanie Hightower, as Trustee of the Melanie Hightower 2021 Family Trust. Lee and Melanie are husband and wife. P a g e | 3 Item 1 . (a) Name of Issuer: U.S. Energy Corporation (b) Address of Issuer’s Principal Executive Offices: 1616 S. Voss Road Houston, Texas 77057 Item 2. (a) Name of Persons Filing: 1. Lee Hightower, Trustee of the Hightower 2021 Descendants’ Trust 2. Melanie Hightower, Trustee of the Melanie Hightower 2021 Family Trust (b) Residence Address: 5744 Shady River Drive Houston, Texas 77057 (c) Citizenship: United States (d) Title of Class of Securities: Common Stock, $0.01 par value per share (e) CUSIP Number: No. 911805307 Item 3. If this statement is filed pursuant to §§240.13d-l(b) or 240.13d-2(b) or (c), check whether the person filing is a: Not applicable. Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: No shares of Common Stock are beneficially owned by the Reporting Persons. (b) Percent of class: 0.00% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following . P a g e | 4 Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. Item 7 . Identification and Classification of the Subsidiary Which Acquired the Security Being Reporte

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