SEC Form 4 · accession 0001437749-26-021008
Comstock Inc. · LODE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Judd Merrill
Officer — Chief Financial Officer
Period of report
Jun 15, 2026
Accepted (ET)
Jun 17, 2026 · 5:58 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001120970
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock | holding | — | — | — | 4,210 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance Stock UnitsF1,F3 | — | Jun 15, 2026 | A | 304,449 | A | — | Jun 30, 2029 | Common Stock | 304,449 | 304,449 | D |
| Restricted Stock UnitsF2,F4 | — | Jun 15, 2026 | A | 121,597 | A | — | — | Common Stock | 121,597 | 121,597 | D |
Explanation of responses
- F1Each Performance Stock Unit ("PSU") converts to one share of Common Stock, subject to achievement of performance objectives based on the achievement of targets tied to specified stock price appreciation over a three-year long-term incentive program.
- F2Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Issuer common stock with one-third of the grant subject to vesting at on each of June 30, 2027, June 30, 2028 and June 30, 2029, respectively, as long as the employee is employed at the vesting date subject to certain limited exceptions set out in the award agreement.
- F3The PSUs are only eligible for vesting based on both the achievement of specified stock price performance targets established by the Compensation Committee over the next three anniversaries of the program and the participants continued employment at June 30, 2029.
- F4The RSUs are forfeited only if the employee in not employed by the Company prior to the annual vesting dates noted above subject to certain limited exceptions set out in the award agreement.