LTBR CEO sells 32,296 shares after exercising at $12.60

Lightbridge Corporation (LTBR) reported an insider transaction by President and CEO Seth Grae.

Rhea-AI Filing Summary

Lightbridge Corporation (LTBR) reported an insider transaction by President and CEO Seth Grae. On 10/15/2025, he exercised 32,296 stock options at $12.60 and sold 32,296 common shares at a $28.07 weighted average price, executed under a Rule 10b5-1 trading plan adopted on September 12, 2024. Following these transactions, he beneficially owns 753,316 common shares directly. Footnotes note the sale prices ranged from $28.00 to $28.28 and that the exercised option was fully vested as of the report date.

Insider Trade Summary

Exercise and Sale: 32,296 shares ($500K approx. pre-tax spread)

Exercise and Sale 5 txns

Insider GRAE SETH

Role President and CEO

Sold 32,296 shs ($907K)

Approx. gross sale proceeds $907K

Approx. exercise cost $407K

Approx. pre-tax spread $500K

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (right to buy)	32,296	$0.00	$0.00
Exercise	Common Stock	32,296	$12.60	$407K
Sale	Common Stock	32,296	$28.07	$907K
holding	Employee Stock Option (right to buy)	--	--	--
holding	Employee Stock Option (right to buy)	--	--	--

Holdings After Transaction: Employee Stock Option (right to buy) — 43,566 contracts for 35,629 underlying shares (Direct); Common Stock — 753,316 shares (Direct)

Footnotes (3)

1. F1. The reported exercise of 32,296 employee stock options and sale of 32,296 shares of common stock were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2024.
2. F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.28, inclusive. The reporting person undertakes to provide to Lightbridge Corporation, any security holder of Lightbridge Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
3. F3. This option is fully vested as of the date of this report.

FAQ

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

What insider transaction did LTBR report?

The CEO exercised 32,296 options at $12.60 and sold 32,296 shares at a $28.07 weighted average price on 10/15/2025.

Was the LTBR CEO’s sale under a trading plan?

Yes. The transactions were effected under a Rule 10b5-1 trading plan adopted on September 12, 2024.

How many LTBR shares does the CEO hold after the transaction?

He beneficially owns 753,316 common shares directly after the reported transactions.

What was the price range for the LTBR share sales?

Sales occurred at multiple prices ranging from $28.00 to $28.28, with a $28.07 weighted average.

Were the exercised options vested?

Yes. The footnotes state the option was fully vested as of the report date.

Who is the reporting person on the LTBR Form 4?

It is Seth Grae, Lightbridge’s President and CEO and a Director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 10/15/2025 - 04:30 PM EDT Learn about SEC filing dates

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).

1. Name and Address of Reporting Person^*

GRAE SETH

(Last) (First) (Middle)

C/O LIGHTBRIDGE CORPORATION

11710 PLAZA AMERICA DRIVE, SUITE 2000

(Street)

RESTON VA 20190

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LIGHTBRIDGE Corp [ LTBR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2025

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	10/15/2025		M		32,296(1)	A	$12.6	785,612	D
Common Stock	10/15/2025		S		32,296(1)	D	$28.07(2)	753,316	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
Employee Stock Option (right to buy)	$12.6	10/15/2025		M			32,296(1)	(3)	10/26/2027	Common Stock	32,296	$0	7,937	D
Employee Stock Option (right to buy)	$18.48							(3)	11/09/2026	Common Stock	18,199		18,199	D
Employee Stock Option (right to buy)	$55.2							(3)	11/20/2025	Common Stock	17,430		17,430	D

Explanation of Responses:

1. The reported exercise of 32,296 employee stock options and sale of 32,296 shares of common stock were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 12, 2024.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $28.00 to $28.28, inclusive. The reporting person undertakes to provide to Lightbridge Corporation, any security holder of Lightbridge Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. This option is fully vested as of the date of this report.

	/s/ Seth Grae	10/15/2025
	** 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.