Diachenko Sergii 4

What Happened
Sergii Diachenko, a reporting person and significant (10%+) holder of Borealis Foods' warrants, made numerous open‑market purchases of the issuer’s warrants between October 9, 2024 and March 3, 2026. Across those transactions he acquired 417,131 warrants at prices ranging from $0.06 to $0.12 per warrant, paying roughly $34,483 in total. These were purchases of derivative securities (warrants), i.e., accumulations rather than sales.

Key Details

• Transaction types: Multiple open‑market/private purchases (code P) of warrants.
• Date range and prices: Oct 9, 2024 – Mar 3, 2026; prices between $0.06 and $0.12.
• Totals: 417,131 warrants purchased for approximately $34,483.
• Beneficial ownership: Filing states the Reporting Person is now a beneficial owner of more than 10% of the outstanding class of warrants.
• Filing date & timeliness: Report filed Apr 9, 2026 covering purchases through Mar 3, 2026; this consolidated filing suggests delayed reporting of earlier purchases.
• No 10b5‑1 plan, tax withholding, or exercise/sale noted in the filing; transactions are purchases of warrants.

Context
These transactions involve warrants (derivative securities) rather than common stock or option exercises. The filing notes Diachenko intends to closely monitor Borealis Foods’ restructuring process and evaluate options regarding his investment. As a >10% warrants holder, his purchases reflect accumulation of a non‑executive, significant stake rather than routine insider compensation-related activity.