STOCK TITAN

Lightbridge (NASDAQ: LTBR) awards COO 84,000 restricted shares

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LIGHTBRIDGE Corp EVP & Chief Operating Officer Andrey Mushakov received a grant of 84,000 restricted stock awards on August 6, 2026. These RSAs vest in six equal semi-annual installments over three years, contingent on his continued service. After the grant, he directly holds 464,485 common shares plus a fully vested employee stock option for 11,351 shares at an exercise price of $18.48, expiring on November 9, 2026.

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Insider MUSHAKOV ANDREY
Role EVP & Chief Operating Officer
Type Security Shares Price Value
Grant/Award Common Stock F1 84,000 $0.00 $0.00
holding Employee Stock Option (right to buy) F2 -- -- --
Holdings After Transaction: Common Stock — 464,485 shares (Direct); Employee Stock Option (right to buy) — 11,351 shares (Direct)
Footnotes (2)
  1. F1. Represents a grant of restricted stock awards (RSAs). These RSAs vest in six equal semi-annual installments over a three-year period, starting on the first semi-annual anniversary of the grant date, contingent on the reporting person's continued service on each such vesting date.
  2. F2. This option is fully vested as of the date of this report.
Restricted stock awards granted 84,000 shares RSAs granted to EVP & COO Andrey Mushakov on August 6, 2026
Common shares held after grant 464,485 shares Direct common stock ownership following the restricted stock award
Option underlying shares 11,351 shares Employee stock option covering common stock held directly
Option exercise price $18.48 per share Exercise price for the employee stock option position
Option expiration date November 9, 2026 Expiration date of the employee stock option
RSA vesting period Three years RSAs vest in six equal semi-annual installments over three years
restricted stock awards (RSAs) financial
"Represents a grant of restricted stock awards (RSAs) vesting over three years."
semi-annual installments financial
"These RSAs vest in six equal semi-annual installments over a three-year period."
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy) with an exercise price of $18.48."

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FAQ

What equity award did LTBR executive Andrey Mushakov receive?

EVP & COO Andrey Mushakov received 84,000 restricted stock awards (RSAs) in LIGHTBRIDGE Corp common stock on August 6, 2026. The grant is a share-based compensation award that adds to his existing ownership position in the company.

What is the vesting schedule for Andrey Mushakov’s new LTBR RSAs?

The 84,000 RSAs granted to Andrey Mushakov vest in six equal semi-annual installments over a three-year period. Each installment is contingent on his continued service with LIGHTBRIDGE Corp on the applicable vesting dates.

How many LTBR shares does Andrey Mushakov hold after this equity grant?

Following the award, Andrey Mushakov directly holds 464,485 shares of LIGHTBRIDGE Corp common stock. This total reflects his updated direct ownership position after receiving the 84,000-share restricted stock grant reported in the transaction.

What stock options does LTBR executive Andrey Mushakov currently hold?

Andrey Mushakov holds a fully vested Employee Stock Option covering 11,351 shares of LIGHTBRIDGE Corp common stock at an exercise price of $18.48 per share, with an expiration date of November 9, 2026 and direct ownership.

Was Andrey Mushakov’s LTBR equity award granted under a Rule 10b5-1 trading plan?

The report indicates the transaction was not designated as made under a Rule 10b5-1 trading plan. It is presented as a grant of restricted stock awards rather than a trade executed under a pre-arranged trading plan framework.
SEC Form 4
FORM 4UNITED 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*
MUSHAKOV ANDREY

(Last)(First)(Middle)
C/O LIGHTBRIDGE CORPORATION
11710 PLAZA AMERICA DRIVE, SUITE 2000

(Street)
RESTON VIRGINIA 20190

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
LIGHTBRIDGE Corp [ LTBR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/06/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock08/06/2026A(1)84,000A$0464,485D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Employee Stock Option (right to buy)$18.48 (2)11/09/2026Common Stock11,35111,351D
Explanation of Responses:
1. Represents a grant of restricted stock awards (RSAs). These RSAs vest in six equal semi-annual installments over a three-year period, starting on the first semi-annual anniversary of the grant date, contingent on the reporting person's continued service on each such vesting date.
2. This option is fully vested as of the date of this report.
/s/ Larry Goldman, Attorney-in-Fact for Andrey Mushakov08/07/2026
** Signature of Reporting PersonDate
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)