Liberty Star director buys 171,482 common shares

The share-unit price was set by an average VWAP over a 4-day look-back period.

Rhea-AI Filing Summary

Liberty Star Uranium & Metals Corp. director and officer (COB, Secretary, Treasurer) and 10% owner Pete O’Heeron purchased 171,482 common shares and 85,741 warrants in a private placement on September 28, 2026, at $0.0228 per share; the warrant portion was priced at the same price as the share. Each share unit included one common share and one-half warrant. The warrants must be exercised within three years and expire September 28, 2029. After the purchases, O’Heeron directly held 171,482 common shares and 85,741 warrants. No Rule 10b5-1 plan is reported.

Insider Trade Summary

Net Buyer: 257,223 shares

Net Buy 2 txns

Insider O'HEERON PETE

Role COB, Secretary, Treasurer

Bought 257,223 shs ($6K)

Type	Security	Shares	Price	Value
Purchase	Warrants F2, F3	85,741	$0.0228	$2K
Purchase	Common Stock F1	171,482	$0.0228	$4K

Holdings After Transaction: Warrants — 85,741 contracts (Direct); Common Stock — 171,482 shares (Direct)

Footnotes (3)

1. F1. September 28, 2026 the reporting person acquired share units in a private placement purchase including 1 share and 1/2 warrant (right to buy) per share. Price is set by an average VWAP 4 day look back period.
2. F2. On September 28, 2026 the reporting person acquired in same private placement 1/2 warrants (right to buy) per share of stock purchased as the warrant portion of the unit priced at equal price as share price.
3. F3. Warrants (right to buy) must be exercised within three years after which they expire.

Key Figures

Common shares purchased: 171,482 shares Warrants purchased: 85,741 warrants Purchase price: $0.0228 per share +2 more

5 metrics

Common shares purchased 171,482 shares Private placement on September 28, 2026; 171,482 shares held directly afterward.

Warrants purchased 85,741 warrants Private placement on September 28, 2026; 85,741 warrants held directly afterward.

Purchase price $0.0228 per share Common-share price; warrant portion was priced at the same price as the share.

Warrant exercise period 3 years Warrants must be exercised within three years after which they expire.

Warrant expiration September 28, 2029 Reported expiration date for the purchased warrants.

Key Terms

private placement, VWAP, Warrants, share units

4 terms

private placement financial

"acquired share units in a private placement purchase"

A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.

VWAP financial

"Price is set by an average VWAP 4 day look back period."

VWAP, or Volume-Weighted Average Price, is a way to find the average price of a stock throughout the trading day, giving more importance to times when more shares are traded. It helps traders see the typical price and decide whether a stock is expensive or cheap compared to its average, similar to finding the average speed during a trip by giving more weight to times when you traveled faster or slower.

Warrants financial

"Warrants (right to buy) must be exercised within three years"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

share units financial

"acquired share units in a private placement purchase"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many LBSR shares and warrants did Pete O’Heeron purchase?

Pete O’Heeron purchased 171,482 common shares and 85,741 warrants in the private placement on September 28, 2026, at $0.0228 per share; the warrant portion was priced at the same price as the share. He directly held those amounts after the transactions, and no Rule 10b5-1 plan is reported.

How was the LBSR private-placement price set?

The price was set by an average VWAP over a 4-day look-back period. The warrant portion of each unit was priced at the same price as the share.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/30/2026 - 06:12 AM Accepted by SEC EDGAR 09/30/2026 - 06:11 AM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

O'HEERON PETE

(Last) (First) (Middle)

17006 EVERGREEN ELM WAY

(Street)

HOUSTON TEXAS 77059

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LIBERTY STAR URANIUM & METALS CORP. [ LBSR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	COB, Secretary, Treasurer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/28/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	09/28/2026	09/21/2026	P		171,482	A	$0.0228	171,482	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants(2)(3)	$0.0228	09/28/2026	09/21/2026	P		85,741		09/28/2026	09/28/2029	Common Stock	85,741	$0.0228	85,741	D

Explanation of Responses:

1. September 28, 2026 the reporting person acquired share units in a private placement purchase including 1 share and 1/2 warrant (right to buy) per share. Price is set by an average VWAP 4 day look back period.

2. On September 28, 2026 the reporting person acquired in same private placement 1/2 warrants (right to buy) per share of stock purchased as the warrant portion of the unit priced at equal price as share price.

3. Warrants (right to buy) must be exercised within three years after which they expire.

	/s/ Pete O'Heeron	09/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)