Liberty Star grants Pete O'Heeron 5M stock options

Liberty Star Uranium & Metals Corp. (LBSR) reports that director, officer and 10% owner Pete O'Heeron received 5,000,000 non-qualified stock option units; the transaction row is dated November 4, 2026, while its footnote dates the grant October 28, 2026.

Available on EDGAR 11/06/2026 - 01:19 PM EST Accepted by SEC EDGAR 11/06/2026 - 01:19 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Liberty Star Uranium & Metals Corp. (LBSR) reports that director, officer and 10% owner Pete O'Heeron received 5,000,000 non-qualified stock option units; the transaction row is dated November 4, 2026, while its footnote dates the grant October 28, 2026. The options have a $0.02 per-share exercise price. Of the award, 1,500,000 options vest in thirds at issuance and the first and second anniversaries; 3,500,000 vest in milestone tranches, including project, financing, resource-work, drill-program, and uplisting or share-price milestones. The options must be exercised within ten years.

Insider Trade Summary

Grant/Award: 5,000,000 shares

Grant/Award 1 txn

Insider O'HEERON PETE

Role COB, Secretary, Treasurer

Type	Security	Shares	Price	Value
Grant/Award	Options F1, F2, F3	5,000,000	$0.02	$100K

Holdings After Transaction: Options — 5,000,000 contracts (Direct)

Footnotes (3)

1. F1. October 28, 2026, the reporting person was granted 5,000,000 non-qualified stock option units (right to buy), price is set at $.02 per share as approved by our board of directors.
2. F2. 1,500,000 options vest one third at issuance, one third at first year anniversary and one third at second year anniversary. 3,500,000 options vest in milestone tranches, for example: (a) definitive earn-in, joint venture, or sale agreement on Hay Mountain or the Red Rock Canyon claims; (b) non-dilutive or equity financing of at least $1.5M closed at or above market; (c) 2026 field-work-based resource target publication or drill program funded; (d) uplisting or sustained $0.05 price.
3. F3. Options (right to buy) must be exercised within ten years after which they expire.

Key Figures

Options granted: 5,000,000 non-qualified stock option units Exercise price: $0.02 per share Time-based vesting options: 1,500,000 options +4 more

7 metrics

Options granted 5,000,000 non-qualified stock option units Grant dated October 28, 2026, according to the footnote

Exercise price $0.02 per share Price set for the option units

Time-based vesting options 1,500,000 options Vest in thirds at issuance and the first and second anniversaries

Milestone-based vesting options 3,500,000 options Vest in milestone tranches

Financing milestone At least $1.5 million Financing closed at or above market is one example of a vesting milestone

Share-price milestone $0.05 price One example is an uplisting or sustained price at this level

Option exercise period Ten years Options must be exercised within this period

Key Terms

non-qualified stock option units, milestone tranches, definitive earn-in, uplisting

4 terms

non-qualified stock option units financial

"granted 5,000,000 non-qualified stock option units"

milestone tranches financial

"3,500,000 options vest in milestone tranches"

definitive earn-in technical

"definitive earn-in, joint venture, or sale agreement"

uplisting financial

"uplisting or sustained $0.05 price"

Uplisting occurs when a company's stock moves from a less regulated, smaller exchange to a more established and widely recognized one. This transition can make the stock more accessible and attractive to a broader range of investors, potentially increasing its value and trading volume. For investors, uplisting often signals growth and stability, which can influence confidence and trading decisions.

FAQ

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

How many LBSR options did Pete O'Heeron receive, and at what exercise price?

Pete O'Heeron received 5,000,000 non-qualified stock option units with a $0.02 per-share exercise price. The footnote dates the grant October 28, 2026; the transaction row is dated November 4, 2026.

How do Pete O'Heeron's LBSR options vest?

1,500,000 options vest one-third at issuance, one-third at the first-year anniversary and one-third at the second-year anniversary. The other 3,500,000 options vest in milestone tranches, with examples including an agreement on the Hay Mountain or Red Rock Canyon claims, qualifying financing, resource-target publication or a funded drill program, and an uplisting or sustained $0.05 price.

When do Pete O'Heeron's LBSR options expire?

The options must be exercised within ten years, after which they expire.

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

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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)
10/28/2026

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

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
Options(1)(2)(3)	$0.02	11/04/2026	10/28/2026	A		5,000,000		10/28/2026	10/28/2036	Common Stock	5,000,000	$0.02	5,000,000	D

Explanation of Responses:

1. October 28, 2026, the reporting person was granted 5,000,000 non-qualified stock option units (right to buy), price is set at $.02 per share as approved by our board of directors.

2. 1,500,000 options vest one third at issuance, one third at first year anniversary and one third at second year anniversary. 3,500,000 options vest in milestone tranches, for example: (a) definitive earn-in, joint venture, or sale agreement on Hay Mountain or the Red Rock Canyon claims; (b) non-dilutive or equity financing of at least $1.5M closed at or above market; (c) 2026 field-work-based resource target publication or drill program funded; (d) uplisting or sustained $0.05 price.

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

	/s/ Pete O'Heeron	11/06/2026
	** 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)