Liberty Star Uranium (LBSR) 10% Owner Pete O'Heeron Buys Stock

What Happened

• Pete O'Heeron, a reported 10% owner of Liberty Star Uranium & Metals Corp. (LBSR), participated in a private placement on 2026-09-28. He acquired 171,482 common shares at $0.02 per share (reported consideration $3,910) and received a derivative interest of 85,741 warrants priced at $0.02 each (reported consideration $1,955). Total reported consideration for both parts was $5,865. This was a purchase (acquisition) rather than a sale.

Key Details

• Transaction date: September 28, 2026; Form 4 filed: September 30, 2026 (filed two days after the trade; appears timely).
• Purchase price reported: $0.02 per share/warrant. Reported cash paid: $3,910 for the shares and $1,955 for the warrants.
• Derivative details: 85,741 warrants equal half a warrant per share purchased (see footnotes).
• Shares owned after transaction: not stated in the provided filing information.
• Notable footnotes from the filing:
  • F1: Units were sold in a private placement consisting of 1 common share plus 1/2 warrant per share; price set by a 4-day VWAP lookback.
  • F2: The 85,741 units reported as a derivative are the 1/2-warrant portion of the purchase; the warrant portion was priced equal to the share price.
  • F3: Warrants must be exercised within three years from issuance; they were acquired, not exercised.

Context

• This was a private placement (not an open-market trade). The derivative line represents warrants (the right to buy shares) rather than exercised options or immediate share sales. As a 10% owner, O'Heeron is a significant shareholder but not necessarily a company officer; such purchases indicate an increase in ownership but do not, by themselves, explain motivation.