Laird Superfood (LSF) CFO Anna Hamill Exercises Options

What Happened
Anna Hamill, Chief Financial Officer of Laird Superfood (LSF), exercised stock options on July 17, 2026. A total of about 181,420 option-based shares were exercised. Of those, 115,232 shares were sold immediately at multiple prices for total gross proceeds of $268,164 (65,264 @ $3.17 for $206,887; 29,988 @ $1.53 for $45,882; 10,125 @ $0.81 for $8,201; 9,855 @ $0.73 for $7,194). The remaining 66,188 shares from the exercise were acquired/retained. The reported average exercise (strike) price for these options was $1.74 per share (footnote F4).

Key Details

• Transaction date: July 17, 2026; Form 4 filed July 21, 2026 (filed within the typical two-business-day window).
• Total options exercised: ~181,420 shares (per file lines).
• Shares sold immediately: 115,232 for total proceeds of $268,164 (see per-lot prices above).
• Shares retained (acquired): 66,188. The Form 4 does not state total beneficial ownership after the transaction.
• Transaction code: M (exercise/conversion of derivative); disposals reported as derivative sales.
• Footnotes: F1–F3 describe vesting schedules for different option grants; F4 indicates the average strike price across exercises was $1.74/share.

Context
This was an option exercise with immediate partial sale of shares—a common practice (often to cover exercise costs, taxes, or to monetize a portion of the award). The filing shows both retained shares (66,188) and sales (115,232). The retained shares increase her direct holdings from this exercise; the sold shares generated the reported cash proceeds. The Form 4 provides facts of the transactions but does not state the insider’s motivations.