Comstock (NYSE: LODE) director receives 90,481-share equity award

Rhea-AI Filing Summary

Comstock Inc. director Leo M. Drozdoff reported receiving 90,481 shares of common stock on 01/05/2026 as stock compensation, at a stated price of $0 per share. Following this grant, he beneficially owns 150,481 shares of Comstock common stock held directly.

The shares were issued as payment for annual director services for the period from January 1, 2022 to March 31, 2026, under the shareholder-approved Comstock Inc. 2020 and 2022 Equity Incentive Plans. Drozdoff elected to take all accrued compensation for those prior years in common shares, and the filing notes that these services will be paid quarterly going forward.

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

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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 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)	150,481	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. Drozdoff 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/ Leo M. Drozdoff	01/05/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Comstock (LODE) report in this Form 4?

The filing shows that director Leo M. Drozdoff received 90,481 shares of Comstock common stock on 01/05/2026 as a stock compensation grant.

How many Comstock (LODE) shares does Leo M. Drozdoff own after this transaction?

After the reported grant, Leo M. Drozdoff beneficially owns 150,481 shares of Comstock Inc. common stock, held in direct ownership.

What was the price for the Comstock (LODE) shares granted to the director?

The 90,481 Comstock common shares were reported at a price of $0 (1) per share, reflecting that they were issued as equity compensation, not an open-market purchase.

What period of service does this Comstock (LODE) stock grant compensate?

The stock payment covers annual director services for the period from January 1, 2022, to March 31, 2026, as explained in the response section.

Under which plans was the Comstock (LODE) director stock grant made?

The grant was made under the shareholder approved Comstock Inc. 2020 and 2022 Equity Incentive Plans as compensation for director services.

How will Leo M. Drozdoff’s director compensation at Comstock (LODE) be paid going forward?

The filing notes that the services covered by this arrangement will be paid quarterly going forward, with compensation taken in common shares.