LTBR insider filing: Sherri Goodman receives RSAs and PSAs totaling 20,000 shares

Rhea-AI Filing Summary

Lightbridge Corp. director Sherri Goodman received restricted stock awards and performance-based restricted stock awards totaling 20,000 shares on 08/28/2025. The awards comprise 5,000 time-based restricted shares that vest in three equal annual installments and 15,000 performance-based restricted shares that vest only upon achievement of specified performance conditions and continued service; unvested performance awards will be forfeited if not vested by December 31, 2028. After these grants, Goodman beneficially owns 51,847 shares of Lightbridge common stock, held directly.

Positive

• Grant structure aligns incentives through time-based vesting and performance conditions, encouraging continued service and performance through 2028
• Full Section 16 disclosure filed promptly (transactions dated 08/28/2025, form signed 08/29/2025), supporting transparency

Negative

• Potential dilution from 20,000 share awards, though size appears modest relative to total outstanding shares (not specified in this filing)
• Performance awards forfeitable if conditions are unmet by December 31, 2028, so actual realized benefit is uncertain

Insights

Corporate Governance Expert

TL;DR: Director received time-based and performance-based restricted stock grants totaling 20,000 shares, increasing direct beneficial ownership to 51,847 shares.

The grants appear structured to align the director's incentives with multi-year performance and retention goals: 5,000 RSAs vesting over three years, and 15,000 PSAs contingent on performance through a 2028 certification date. These vesting schedules and forfeiture provision for unmet performance conditions are standard governance mechanisms to promote sustained oversight and accountability without immediate dilution to other shareholders beyond the award size. Transaction reporting is routine Section 16 disclosure.

Securities Analyst

TL;DR: Insider grant increases director's stake modestly; awards are time- and performance-conditioned with multi-year horizons.

The form shows five separate non-derivative entries dated 08/28/2025 totaling 20,000 shares granted at $0 price, consistent with equity compensation rather than open-market purchases. The post-transaction ownership of 51,847 shares is disclosed as direct. No exercises, dispositions, or derivative holdings are reported. This filing is informational and does not indicate sales or liquidity events.

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

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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^*

Goodman Sherri

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/28/2025

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	08/28/2025		A(1)		5,000	A	$0	36,847	D
Common Stock	08/28/2025		A(2)		5,000	A	$0	41,847	D
Common Stock	08/28/2025		A(2)		5,000	A	$0	46,847	D
Common Stock	08/28/2025		A(2)		3,000	A	$0	49,847	D
Common Stock	08/28/2025		A(2)		2,000	A	$0	51,847	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. Represents a grant of restricted stock awards (RSAs). These RSAs vest in three equal installments on the first, second and third anniversaries of the date of grant, contingent on the reporting person's continued service on each such vesting date.

2. Represents a grant of performance-based restricted stock awards (PSAs). These PSAs vest subject to achievement of a specified performance condition, and at the time of certification thereof, contingent on the reporting person's continued service on the certification date. PSAs that remain unvested as of December 31, 2028 (the end of the performance period) will automatically be forfeited and cancelled without consideration.

	/s/ Larry Goldman, Attorney-in-Fact for Sherri Goodman	08/29/2025
	** 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.

FAQ

What insider activity was reported for Lightbridge Corp (LTBR)?

Sherri Goodman received 20,000 restricted shares on 08/28/2025 (5,000 RSAs and 15,000 PSAs), raising her direct beneficial ownership to 51,847 shares.

How do the RSAs and PSAs granted to the director vest?

RSAs: 5,000 shares vest in three equal annual installments contingent on continued service. PSAs: 15,000 shares vest only upon meeting specified performance conditions and continued service; unvested PSAs lapse after 12/31/2028.

Were any shares sold or exercised in this Form 4 for LTBR?

No. All reported transactions are acquisitions (grants) of restricted stock at $0; there are no dispositions or derivative exercises reported.

Does the filing show indirect ownership or joint filings?

No. The filing indicates direct ownership by Sherri Goodman and the form is filed by one reporting person.

When was the Form 4 signed and who signed it?

The form is dated 08/29/2025 and was signed by Larry Goldman as Attorney-in-Fact for Sherri Goodman.