Director Robert Spence gets 7,993 Comstock (LODE) shares as compensation

Rhea-AI Filing Summary

SPENCE ROBERT reported acquisition or exercise transactions in this Form 4 filing.

Comstock Inc. director Robert Spence received a grant of 7,993 shares of Common Stock at $0.00 per share as equity compensation. The shares were granted for annual director services for the period from April 1, 2026 to June 30, 2026 under Comstock’s 2020 and 2022 Equity Incentive Plans. Following this award, he directly holds 7,993 shares of Comstock common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider SPENCE ROBERT

Role Director

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

Holdings After Transaction: Common Stock — 7,993 shares (Direct)

Footnotes (1)

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Key Figures

Equity grant: 7,993 shares Grant price: $0.00 per share Post-grant holdings: 7,993 shares +1 more

4 metrics

Equity grant 7,993 shares Common Stock awarded to director Robert Spence

Grant price $0.00 per share Price per share for the 7,993-share equity award

Post-grant holdings 7,993 shares Total Common Stock directly held after the transaction

Service period April 1, 2026–June 30, 2026 Period covered by the director services compensated in shares

Key Terms

Equity Incentive Plans, grant/award acquisition, Common Stock payment

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.

grant/award acquisition financial

"transaction_action: "grant/award acquisition" with transaction code description "Grant, award, or other acquisition""

Common Stock payment financial

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

Form 4 Insider Transactions: What Each Field Means →

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^*

SPENCE ROBERT

(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)
04/08/2026

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
Common Stock	04/08/2026		A		7,993	A	$0(1)	7,993	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 April 1, 2026, to June 30 2026, pursuant to the shareholder approved Comstock Inc. 2020 and 2022 Equity Incentive Plans, for services rendered

	/s/ Robert Spence	04/10/2026
	** 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)

FAQ

What insider transaction did Comstock Inc. (LODE) report for Robert Spence?

Comstock Inc. reported that director Robert Spence received 7,993 shares of Common Stock as an equity grant. The shares were awarded at $0.00 per share as compensation for board service during a specified period under the company’s 2020 and 2022 Equity Incentive Plans.

How many Comstock Inc. (LODE) shares did Robert Spence acquire in this Form 4?

Robert Spence acquired 7,993 shares of Comstock Inc. Common Stock in this Form 4 filing. The award was a grant, not a market purchase, and represented compensation for his annual director services over a defined period, leaving him with 7,993 shares directly held afterward.

Was the Comstock Inc. (LODE) share grant to Robert Spence a cash transaction?

No, the share grant to Robert Spence was not a cash transaction. The 7,993 Common Stock shares were issued at $0.00 per share as an equity payment for board services, pursuant to Comstock Inc.’s 2020 and 2022 Equity Incentive Plans approved by shareholders.

What period of service does Robert Spence’s Comstock Inc. (LODE) equity grant cover?

The equity grant to Robert Spence covers director services from April 1, 2026 to June 30, 2026. The Form 4 footnote specifies that the 7,993-share Common Stock payment compensates him for this service period under Comstock Inc.’s 2020 and 2022 Equity Incentive Plans.

How many Comstock Inc. (LODE) shares does Robert Spence hold after this Form 4 grant?

After this grant, Robert Spence directly holds 7,993 shares of Comstock Inc. Common Stock. The Form 4 shows the total shares following the transaction equal to the 7,993 shares awarded, indicating this grant establishes his reported direct ownership position in the company’s stock.