Steven Yu-Tsung Pei, Director at Comstock Inc. (LODE), bought 424,559 shares at $3.38 ($1.4M) on 2026-05-13, disclosed to the SEC on 2026-05-14.
Director Steven Yu-Tsung Pei purchased 345,000 shares at $3.38, marking the largest insider purchase in the company's history. This significant bet by a director suggests confidence in the company's strategic pivot toward solar panel recycling despite recent operational challenges.
The stock is trading at $3.32, up 20.29% over the last 90 days but still down 30.83% from its 52-week high of $4.80. The recent surge follows a $50 million follow-on equity offering in January 2026 that priced shares at $2.75.
The company's 'urban mining' solar panel recycling shift is nearly complete, as announced by CEO Corrado De Gasperis on April 7. Additionally, the secured Ohio Solar Recycling Hub in January 2026 and the director's largest-ever purchase signal confidence in the recycling business model.
The company reported a Q1 loss and lagged revenue estimates by 29.56% in May 2026. Furthermore, the stock carries a short interest of 4.86% of the float, which could pressure the price if the recycling narrative fails to materialize.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $3.38 | 345,000 | $1.2M | 81.0% |
| 2 | $3.42 | 79,559 | $272K | 19.0% |
| Total | $3.38 avg | 424,559 | $1.4M | 100% |
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