Biolargo: president Dennis P Calvert received 2,931,886 shares

What happened

• Dennis P Calvert, president and director, received a total of 2,931,886 shares on Sep 30, 2026. The filing shows 931,886 shares were acquired at $0.08 per share for $74,551 and 2,000,000 shares were acquired as a gift (no cash paid).

Key details

• Transaction date: Sep 30, 2026. Prices: $0.08 per share for the 931,886 award; $0.00 for the 2,000,000 gift.
• Shares owned after the reported transactions: the filing reports 3,528,695 shares beneficially owned indirectly through a limited liability company (see footnote F4).
• Relevant footnotes from the filing:
  • F1: Issued shares are subject to a lock-up until the issuer reports at least $40,000,000 in consolidated gross revenue for any reported period, or issuer market cap exceeds $300,000,000, or a change in control occurs.
  • F2: The 931,886 shares were issued in exchange for reduction of amounts owed by the issuer to the reporting person for salary and unreimbursed business expenses (calculated as shares × acquisition price).
  • F3: Following one reported transaction the filing notes 1,528,695 shares owned indirectly by the reporting person through an LLC.
  • F4: The 2,000,000 acquired shares were acquired by an LLC owned and controlled by the reporting person; following those acquisitions the filing reports 3,528,695 shares owned indirectly through that LLC.
• Filing date: Oct 2, 2026; the filing is not marked late.

Why it may matter

• The 931,886-share transaction was an issuance in exchange for reduction of amounts owed, not a market purchase.
• The 2,000,000-share item was a gift and is not a market sale or purchase.
• The filing does not show why the insider traded or why the company acted.