Diachenko Sergii 4

What Happened
Sergii Diachenko, a reporting person and identified >10% holder of Borealis Foods’ warrants, made a series of open-market purchases of the issuer’s warrants between March 5 and October 8, 2024. Across those trades he acquired approximately 407,218 warrants at prices from $0.05 to $0.14, paying roughly $29,391 in total. These were purchases (transaction code P) of derivative securities (warrants), not stock sales.

Key Details

• Transaction dates: March 5, 2024 through October 8, 2024 (multiple buys listed). Filing date: April 9, 2026.
• Price range: $0.05–$0.14 per warrant. Largest single buys included 50,000 warrants @ $0.10, 54,240 @ $0.05, 46,350 @ $0.06, 44,960 @ $0.05 and 43,945 @ $0.08.
• Aggregate: ~407,218 warrants acquired for about $29,391 total.
• Ownership after transactions: filing states the Reporting Person is a beneficial owner of more than 10% of the outstanding class of warrants.
• Remarks: Filing notes Diachenko will closely monitor the issuer’s restructuring and evaluate options regarding his investment.
• Timeliness: The Form 4 was filed on 2026-04-09 for transactions in 2024 — this appears to be a late filing, which can affect disclosure timeliness and may be noted by regulators or investors.

Context

• These were purchases of warrants (derivative securities), not purchases of common stock. The filing’s purpose was to reflect beneficial ownership above the 10% threshold for the warrant class.
• As a 10% owner of a derivative class rather than an executive, this represents significant investor-level accumulation; filings do not explain motivation.
• Investors should treat purchases of derivatives differently from outright stock buys (warrants have strike/exercise terms and expiration) and consider company restructuring risks noted in the filing.