LaMontagne Grant J 4

What Happened

• Grant LaMontagne, a director of Laird Superfood, reported multiple open-market purchases (code P) totaling 30,786 shares between May 20 and May 29, 2026, for an aggregate cost of about $101,137. The largest single purchase was 22,850 shares on May 20 at $3.28 each ($74,948). Remaining purchases: 87 shares @ $3.30 (5/21, $287); 615 @ $3.30 (5/22, $2,030); 624 @ $3.30 (5/28, $2,059); 6,610 @ $3.30 (5/29, $21,813). Purchases are generally viewed as more informative than routine sales, though filings do not explain motivation.

Key Details

• Transaction dates & prices:
  • 2026-05-20: 22,850 shares @ $3.28 — $74,948
  • 2026-05-21: 87 shares @ $3.30 — $287
  • 2026-05-22: 615 shares @ $3.30 — $2,030
  • 2026-05-28: 624 shares @ $3.30 — $2,059
  • 2026-05-29: 6,610 shares @ $3.30 — $21,813
• Total acquired: 30,786 shares for ~$101,137.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes/plans: no 10b5-1 plan, tax-withholding, or other footnotes noted in the provided excerpt.
• Filing timeliness: Form 4 was filed 2026-06-01 covering trades from 2026-05-20 to 2026-05-29. Because SEC Form 4s are normally due within two business days of a transaction, this filing appears to be later than the standard reporting window for at least the May 20 trade.

Context

• These were straightforward open-market purchases (P). There is no indication of option exercises, gifts, or immediate sell-throughs; the filing shows outright acquisitions. Purchases by directors can be interpreted as a positive signal, but they do not, by themselves, explain the insider’s motives.