HIRSCH BRADLEY LAURENCE 4

What Happened

• Bradley Hirsch, a director of BLUM HOLDINGS, received a grant/award of 64,082 shares on December 31, 2025. The filing reports an implied price of $0.98 per share, giving a total value of roughly $62,800. This was an issuance as director compensation (an award), not an open‑market purchase.

Key Details

• Transaction date: December 31, 2025
• Price: $0.98 per share (implied)
• Shares acquired: 64,082
• Total value: approximately $62,800
• Shares owned after transaction: not specified in the filing
• Footnote: Shares were issued as compensation for service as a director (per filing footnote)
• Filing date: January 27, 2026 (filed ~27 days after the transaction) — appears to be later than the typical 2‑business‑day Form 4 reporting window

Context

• This was a compensation award to a director, which is routine for board service and does not necessarily indicate the insider is buying or selling based on a view of the company’s near‑term prospects. The value is modest relative to many executive awards, and the delayed filing reduces the timeliness of the disclosure.