Patrick Kristin 4

What Happened
Patrick Kristin, a director of Laird Superfood, was granted a total of 110,000 derivative shares (reported as stock option awards) on July 9, 2026. The grants were reported in three tranches: 60,000; 25,000; and 25,000 shares, each recorded with an acquisition price of $0.00 (total cash paid at grant = $0). This filing records awards (compensation/retention), not an open-market purchase or sale.

Key Details

• Transaction date: July 9, 2026; Form 4 filed July 13, 2026 (timely, within the two-business-day reporting window).
• Grants: 60,000 / 25,000 / 25,000 = 110,000 total; price shown $0.00 (derivative security).
• Vesting (Footnote F1): Options vest 25% on each of the first four anniversaries of the grant date (i.e., four-year graded vesting).
• Shares owned after the transaction: not specified in the excerpt of the filing provided.
• Nature of transaction: an award/option grant (derivative) — not an immediate sale or market purchase.

Context
These are option awards subject to multi-year vesting, so they do not produce immediately tradable shares and do not necessarily reflect an immediate change in market exposure. The filing shows no immediate exercise or sale related to these grants. As with most compensation grants to directors, this is typically a retention/compensation action rather than a straightforward buy or sell signal.