Kaufman Daniel Louis 4

What Happened

• Daniel L. Kaufman, a 10% owner (via Kaufman Kapital LLC), exercised in‑the‑money derivatives on May 7, 2026 for a total of 1,000,000 BranchOut Food (BOF) shares. He paid $1.50 per share to acquire 500,000 shares (total cash $750,000) and exercised/converted another 500,000 shares reported with $0 cash consideration (derivative disposition).

Key Details

• Transaction date: May 7, 2026.
• Trades: 500,000 shares acquired at $1.50 each (cash paid = $750,000); 500,000 shares exercised/converted with $0 cash consideration (reported as a derivative disposition).
• Shares held after transaction: Kaufman Kapital LLC (controlled solely by Daniel Kaufman) holds 1,903,506 common shares following these transactions (per filing footnote).
• Insider status: Kaufman is the sole member/manager of Kaufman Kapital LLC and has sole voting and dispositive power over the LLC’s securities.
• Convertible note amendment: On May 7, 2026 the related Convertible Note was amended — maturity extended to 12/31/2027, interest rate reduced from 12% to 8% (effective May 7), prepayment restrictions added; conversion price remains $0.7582. Outstanding principal $2.9M plus accrued interest (~$658,100) remain convertible, representing ~4,692,648 shares if fully converted.
• Filing timeliness: No late-filing indication in the report.

Context

• This filing reports exercise/conversion of derivatives. One exercise required a cash payment ($750,000); the other was reported with no cash paid (a derivative conversion/settlement). For retail investors, cash purchases by insiders can be viewed as stronger signals than routine conversions, but filings do not state the insider’s motives.