UPEXI CFO Andrew Norstrud Receives 400,000-Share Award

What Happened

• Andrew Norstrud, Chief Financial Officer of UPEXI, was granted 400,000 restricted shares (transaction code A) on July 3, 2026. The shares were awarded at an acquisition price of $0, meaning they were issued as compensation rather than purchased.

Key Details

• Transaction date: 2026-07-03 (filed with the SEC on 2026-07-20 — filing was 17 days after the transaction, later than the typical 2-business-day Form 4 deadline)
• Shares granted: 400,000 restricted shares; acquisition price: $0
• Vesting: Four equal installments on Oct 1, 2026; Jan 1, 2027; Apr 1, 2027; and Jul 1, 2027, subject to continued service (per the issuer’s 2019 Incentive Stock Plan, as amended)
• Shares owned after the transaction: Not specified in the provided filing
• Note: This was an award/grant (A), not an open-market purchase or sale

Context

• This is a compensation-related restricted stock grant designed to incent continued service and retention; it is not an immediate bullish market purchase. Restricted shares vest over time, so the economic benefit to the insider is realized only as vesting conditions are met. The late filing delays public disclosure and may be of interest to investors tracking insider activity.