Comstock (NYSE: LODE) director reports 1.1M shares and option positions in Form 3

Rhea-AI Filing Summary

Comstock Inc. director Pei Steven Yu-Tsung has filed an initial ownership report showing indirect holdings in the company through Gratia Capital. The filing lists indirect ownership of 1,106,421 shares of Common Stock, along with a long call option and a short call option, each linked to 10,000 underlying Common shares. The long call option has an exercise price of $5.00 and the short call option has an exercise price of $10.00, both expiring on January 15, 2027.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Pei Steven Yu-Tsung

Role Director

Type	Security	Shares	Price	Value
holding	Long call option	--	--	--
holding	Short call option	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Long call option — 10,000 shares (Indirect, Gratia Capital); Short call option — 10,000 shares (Indirect, Gratia Capital); Common Stock — 1,106,421 shares (Indirect, Gratia Capital)

Footnotes (1)

Key Figures

Indirect Common Stock holdings: 1,106,421 shares Long call option exercise price: $5.00 per share Short call option exercise price: $10.00 per share +3 more

6 metrics

Indirect Common Stock holdings 1,106,421 shares Indirectly owned through Gratia Capital as reported on Form 3

Long call option exercise price $5.00 per share Exercise price for long call option on 10,000 underlying Common shares

Short call option exercise price $10.00 per share Exercise price for short call option on 10,000 underlying Common shares

Long call underlying shares 10,000 shares Underlying Common Stock for reported long call option

Short call underlying shares 10,000 shares Underlying Common Stock for reported short call option

Options expiration date January 15, 2027 Expiration date for both long and short call options

Key Terms

Long call option, Short call option, indirect ownership, underlying Common Stock

4 terms

Long call option financial

"security_title: "Long call option" with exercise price of 5.0000"

Short call option financial

"security_title: "Short call option" with exercise price of 10.0000"

indirect ownership financial

"ownership_type: "indirect" and ownership_code: "I" for Gratia Capital holdings"

underlying Common Stock financial

"underlying_security_title: "Common Stock" with 10,000.0000 underlying shares"

Understanding Insider Trading Forms →

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
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hours per response:			0.5

1. Name and Address of Reporting Person^*

Pei Steven Yu-Tsung

(Last) (First) (Middle)

117 AMERICAN FLAT ROAD

(Street)

VIRGINIA CITY NEVADA 89440

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/15/2026

3. Issuer Name and Ticker or Trading Symbol
Comstock Inc. [ LODE ]

3a. Foreign Trading Symbol

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

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,106,421	I	Gratia Capital

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Long call option	08/13/2025	01/15/2027	Common Stock	10,000	$5	I	Gratia Capital
Short call option	08/13/2025	01/15/2027	Common Stock	10,000	$10	I	Gratia Capital

Explanation of Responses:

Remarks:

Exhibit List - Exhibit 24.1 – Power of Attorney

	/s/ Steven Pei	04/17/2026
	** 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 5 (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 3: SEC 1473 (03-26)

FAQ

What does Comstock Inc. (LODE) disclose in this Form 3 filing?

The Form 3 discloses director Pei Steven Yu-Tsung’s indirect ownership in Comstock Inc. through Gratia Capital, including over 1.1 million Common shares and options tied to additional shares, establishing his baseline position as a reporting insider.

How many Comstock Inc. (LODE) shares does Pei Steven Yu-Tsung indirectly own?

The filing reports 1,106,421 shares of Common Stock indirectly owned through Gratia Capital. This figure reflects his reported beneficial ownership as of the Form 3 date and serves as the starting point for future insider transaction reporting.

What derivative positions are reported for Comstock Inc. (LODE) in this Form 3?

The Form 3 lists a long call option and a short call option, each linked to 10,000 underlying Common shares. The long call has a $5.00 exercise price and the short call has a $10.00 exercise price, both expiring January 15, 2027.

Are the Comstock Inc. (LODE) holdings reported as direct or indirect ownership?

All positions in the Form 3 are reported as indirect ownership through Gratia Capital, noted with an indirect ownership code. This indicates the securities are held by an affiliated entity rather than directly in the director’s personal name.

Does this Comstock Inc. (LODE) Form 3 show any insider buying or selling?

The Form 3 records holding entries only with unknown transaction codes and no buy or sell counts. It functions as an initial ownership snapshot rather than reporting new market purchases or sales of Comstock Inc. securities.