Comstock director William Nance receives 90,481 shares in equity pay

Comstock Inc. reported an insider equity compensation transaction involving director William J. Nance.

Accepted by SEC EDGAR 01/06/2026 - 07:01 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Comstock Inc. reported an insider equity compensation transaction involving director William J. Nance. On 01/05/2026, Nance received 90,481 shares of common stock at a stated price of $0, recorded as an acquisition. Following this grant, he beneficially owned 113,681 shares directly.

The shares represent payment for annual director services for the period from January 1, 2022 to March 31, 2026, under Comstock Inc.’s 2020 and 2022 Equity Incentive Plans. Nance elected to take all accrued compensation for these prior years’ services in common stock rather than cash, and the filing notes that these services will be paid quarterly going forward.

Insider Trade Summary

Grant/Award: 90,481 shares

Grant/Award 1 txn

Insider NANCE WILLIAM JOHN

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	90,481	$0.00	$0.00

Holdings After Transaction: Common Stock — 113,681 shares (Direct)

Holdings Before and After: Common Stock, 23,200 to 113,681 shares (Direct)

Footnotes (1)

1. F1. This Common Stock payment was granted for annual director services for the period from January 1, 2022, to March 31, 2026, pursuant to the shareholder approved Comstock Inc. 2020 and 2022 Equity Incentive Plans, for services rendered. Mr. Nance elected to take all of his accrued compensation for these previous year's services in common shares. These services will be paid quarterly going forward.

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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^*

NANCE WILLIAM JOHN

(Last) (First) (Middle)

117 AMERICAN FLAT ROAD

(Street)

VIRGINIA CITY NV 89440

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/05/2026

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

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 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	01/05/2026		A		90,481	A	$0(1)	113,681	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

Explanation of Responses:

1. This Common Stock payment was granted for annual director services for the period from January 1, 2022, to March 31, 2026, pursuant to the shareholder approved Comstock Inc. 2020 and 2022 Equity Incentive Plans, for services rendered. Mr. Nance elected to take all of his accrued compensation for these previous year's services in common shares. These services will be paid quarterly going forward.

	/s/ William J. Nance	01/05/2026
	** 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.
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