Drozdoff Leo M 4

What Happened Leo M. Drozdoff, a director of Comstock Inc. (LODE), acquired 28,000 shares on March 30, 2026 at $3.00 per share for a total value of $84,000. The transaction is reported with code P (purchase), but the filing states these shares were issued as payment of accrued director compensation under the shareholder‑approved Comstock 2020 and 2022 Equity Incentive Plans; Mr. Drozdoff elected to receive his accrued compensation in common stock rather than cash. Going forward, director services will be paid quarterly.

Key Details

• Transaction date and price: March 30, 2026 — 28,000 shares at $3.00 each (total $84,000).
• Transaction type/code: P (purchase); recorded as Common Stock payment for accrued director services under equity incentive plans.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing date: April 1, 2026 — filed timely following the March 30 transaction.
• Notes: Shares were issued in lieu of cash for services covering Jan 1, 2022 through Mar 31, 2026. No 10b5-1 plan, tax withholding, or cashless exercise indicated in the remarks.

Context This is effectively a director compensation conversion (electing stock instead of cash) rather than an open‑market investment by the director. Such issuances reflect routine compensation arrangements and should be interpreted accordingly; they do not necessarily indicate the director’s separate buy/sell sentiment.