CALVERT DENNIS P 4

What Happened

• Dennis P. Calvert, President and Director of Biolargo, Inc. (BLGO), was issued a total of 919,483 shares in two award/acquisition transactions (code A): 699,569 shares on 2026-06-30 and 219,914 shares on 2026-07-01, each at $0.11 per share. The combined value of the issuances is roughly $104,251.
• Per the filing, the shares were issued in exchange for reducing amounts the company owed Mr. Calvert for salary and unreimbursed business expenses (footnote F2). These are issuer awards/settlements (not open-market purchases).

Key Details

• Transaction dates & prices: 6/30/2026 — 699,569 shares at $0.11 ($79,401); 7/01/2026 — 219,914 shares at $0.11 ($24,850).
• Total shares acquired: 919,483; total consideration ≈ $104,251.
• Lock-up: Shares are subject to a lock-up (F1) until the issuer reports consolidated gross revenue of at least $40M for any reported period, or the issuer’s market cap exceeds $300M, or there is a change in control.
• Ownership note: Footnote F3 indicates Mr. Calvert indirectly owns 1,528,695 shares through an LLC. The filing does not state his total beneficial ownership after these issuances explicitly.
• Filing timeliness: Form 4 was filed 2026-07-02; the report appears timely (no late filing noted).

Context

• These were awards/issuances to settle compensation/expense obligations (not open-market buys), so they reflect company compensation/settlement activity rather than an independent purchase decision. Such grants can be important to monitor, but they do not necessarily signal the same insider sentiment as a direct cash purchase.