MUSHAKOV ANDREY 4

What Happened
Andrey Mushakov, EVP, Nuclear Operations at Lightbridge (LTBR), sold a total of 30,289 shares in open‑market transactions on January 29, 2026. The sales were executed in three tranches: 2,533 shares at a weighted‑average $17.48 ($44,264), 24,929 shares at a weighted‑average $16.54 ($412,425), and 2,827 shares at a weighted‑average $16.03 (~$45,325), for aggregate proceeds of about $502,014. These sales were made pursuant to a Rule 10b5‑1 trading plan adopted by Mushakov on September 30, 2025. Insider sales are often routine; this filing does not by itself indicate Mushakov’s current view of the company.

Key Details

• Transaction date: January 29, 2026. Form filed January 30, 2026 (timely filing).
• Individual trades and price ranges (per footnotes):
  • 2,533 sh @ $17.48 (~$44,264); prices in this tranche ranged $17.13–$18.12 (F2).
  • 24,929 sh @ $16.54 (~$412,425); prices in this tranche ranged $16.12–$17.115 (F3).
  • 2,827 sh @ $16.03 (~$45,325); prices in this tranche ranged $15.9076–$16.1108 (F4).
• Aggregate: 30,289 shares sold for ~ $502,014 under a Rule 10b5‑1 plan (F1).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Other footnote: F5 references a fully vested option noted in the filing; it does not appear tied to these sales.

Context
A Rule 10b5‑1 trading plan allows insiders to pre‑arrange trades and helps demonstrate the trades were not based on material nonpublic information; sales under a 10b5‑1 plan are commonly routine. For retail investors, purchases by insiders often carry more informational weight than routine planned sales; this filing documents disposition of shares rather than an acquisition or option exercise.