Hamill Anna 4

What Happened Anna Hamill, Chief Financial Officer of Laird Superfood (LSF), exercised stock options on March 11, 2026 to acquire a total of 31,500 common shares. She paid $0.81 per share for 25,000 shares ($20,250) and $0.73 per share for 6,500 shares ($4,745), for a combined outlay of $24,995. The filing also shows the corresponding derivative option instruments being disposed of at $0, which reflects conversion/cancellation of the options upon exercise. No open-market sale of the acquired shares was reported in this filing.

Key Details

• Transaction date: 2026-03-11 (reported on Form 4 filed 2026-03-11)
• Actions: Code M (exercise/conversion of derivative securities)
• Shares acquired: 25,000 @ $0.81 (cost $20,250) and 6,500 @ $0.73 (cost $4,745); total 31,500 shares for $24,995
• Derivative disposals: 25,000 and 6,500 option units reported disposed at $0 (represents conversion/cancellation of the option instruments)
• Shares owned after transaction: Not specified in the provided filing summary
• Filing timeliness: No late filing flag indicated in the provided data

Context

• These were option exercises (not open-market purchases); exercising shows the insider converted granted options into shares by paying the exercise prices. Because no sale was reported, the shares appear to have been retained rather than immediately sold (i.e., not a cashless exercise followed by a sale).
• Footnotes in the filing: F1 = option granted under the 2020 Omnibus Incentive Plan on Apr 3, 2023 (vested 25% per year over four years). F2 = option granted under the 2020 Omnibus Incentive Plan on Feb 23, 2024 (vested 20% per year over five years).
• Transaction code M denotes option exercise; the $0 disposal entries simply reflect conversion of the derivative instruments and do not indicate a market sale.