Was the Comstock Inc. (LODE) share grant to Leo M. Drozdoff a market purchase?

No, the 7,993-share transaction was not a market purchase. It is classified as a grant or award acquisition with a transaction price of $0.00 per share, representing stock-based compensation for director services rather than an open-market buy.

Which plans governed the 7,993-share award to Comstock Inc. (LODE) director Leo M. Drozdoff?

The 7,993-share Common Stock payment was granted under Comstock Inc.’s 2020 and 2022 Equity Incentive Plans. These shareholder-approved plans authorize equity-based compensation, including stock awards to directors for services rendered during defined service periods.

Comstock director awarded 7,993 LODE shares

Drozdoff Leo M reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/08/2026 - 04:21 PM EDT

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

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Form Type

Rhea-AI Filing Summary

Drozdoff Leo M reported acquisition or exercise transactions in this Form 4 filing.

Comstock Inc. director Leo M. Drozdoff received a grant of 7,993 shares of Common Stock as compensation. The shares were awarded at a price of $0.00 per share for annual director services covering the period from April 1, 2026 to June 30, 2026 under Comstock Inc.’s 2020 and 2022 Equity Incentive Plans. Following this award, Drozdoff directly holds 186,474 shares of Common Stock.

Insider Trade Summary

Grant/Award: 7,993 shares

Grant/Award 1 txn

Insider Drozdoff Leo M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	7,993	$0.00	$0.00

Holdings After Transaction: Common Stock — 186,474 shares (Direct)

Holdings Before and After: Common Stock, 178,481 to 186,474 shares (Direct)

Footnotes (1)

F1. This Common Stock payment was granted for annual director services for the period from April 1, 2026, to June 30 2026, pursuant to the shareholder approved Comstock Inc. 2020 and 2022 Equity Incentive Plans, for services rendered.

Key Figures

Shares granted: 7,993 shares Grant price: $0.00 per share Shares held after grant: 186,474 shares

3 metrics

Shares granted 7,993 shares Common Stock grant for director services April 1–June 30, 2026

Grant price $0.00 per share Equity award treated as non-cash compensation

Shares held after grant 186,474 shares Total direct Common Stock holdings following the transaction

Key Terms

Equity Incentive Plans, annual director services, Grant, award, or other acquisition

3 terms

Equity Incentive Plans financial

"pursuant to the shareholder approved Comstock Inc. 2020 and 2022 Equity Incentive Plans"

Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.

annual director services financial

"This Common Stock payment was granted for annual director services for the period from April 1, 2026, to June 30 2026"

Grant, award, or other acquisition financial

"transaction_code_description": "Grant, award, or other acquisition""

FAQ

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

What insider transaction did Comstock Inc. (LODE) report for Leo M. Drozdoff?

Comstock Inc. reported that director Leo M. Drozdoff received a grant of 7,993 shares of Common Stock. The award was recorded at $0.00 per share as non-cash compensation for board service under the company’s equity incentive plans.

Why did Leo M. Drozdoff receive 7,993 Comstock Inc. (LODE) shares?

Leo M. Drozdoff received 7,993 Common Stock shares as payment for annual director services. The grant covers service from April 1, 2026 to June 30, 2026 and was issued pursuant to Comstock Inc.’s shareholder-approved 2020 and 2022 Equity Incentive Plans.

What is Leo M. Drozdoff’s Comstock Inc. (LODE) shareholding after this Form 4 transaction?

After the reported grant, Leo M. Drozdoff directly holds 186,474 shares of Comstock Inc. Common Stock. This total reflects his position immediately following the 7,993-share equity award granted for his board service during the specified 2026 period.

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^*

Drozdoff Leo M

(Last)

(First)

(Middle)

117 AMERICAN FLAT ROAD

(Street)

VIRGINIA CITY

NEVADA

89440

(City)

(State)

(Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/06/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/06/2026		A		7,993	A	$0⁽¹⁾	186,474	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. This Common Stock payment was granted for annual director services for the period from April 1, 2026, to June 30 2026, pursuant to the shareholder approved Comstock Inc. 2020 and 2022 Equity Incentive Plans, for services rendered.

	/s/ Leo M. Drozdoff	04/08/2026
	** 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)

Source: View Original Filing on SEC EDGAR