Healy Eric 4
4 · BranchOut Food Inc. · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
BranchOut (BOF) CEO Eric Healy Receives 450,000-Share Award
What Happened
Eric Healy, Chief Executive Officer of BranchOut Food Inc. (BOF), was granted two derivative awards on February 10, 2026: 15,000 shares and 435,000 shares (total 450,000). The filing reports an acquisition price of $0.00 for both awards (coded "A" on the Form 4), indicating they were granted as derivative compensation rather than an open-market purchase or sale. There were no sales or cash proceeds reported in this filing.
Key Details
- Transaction date: 2026-02-10; Filing date: 2026-02-12 (timely filing).
- Reported acquisition price: $0.00 for both awards (derivative awards).
- Shares owned after transaction: not disclosed in the Form 4.
- Award codes: "A" = grant/award/other acquisition (derivative).
- Footnote F1: the 15,000-share award vests in six equal monthly installments over the six months following issuance.
- Footnote F2: the 435,000-share award vests as follows — 261,000 shares in 36 equal monthly installments; 121,800 shares upon the company achieving $30M revenue in a 12-month period with positive EBITDA; and 52,200 shares upon achieving $40M revenue in a 12-month period with positive EBITDA.
Context
This Form 4 reports derivative awards (commonly stock options or RSUs) granted to the CEO as compensation; it is not a purchase or sale. The awards include both time-based vesting and performance-based milestones tied to revenue and EBITDA, so full ownership depends on future vesting events. The filing does not indicate any immediate sale or cashless exercise.
Insider Transaction Report
- Award
Stock Option (Right to buy)
[F1]2026-02-10+15,000→ 15,000 totalExercise: $2.96Exp: 2036-02-10→ Common Stock (15,000 underlying) - Award
Stock Option (Right to buy)
[F2]2026-02-10+435,000→ 435,000 totalExercise: $2.96Exp: 2036-02-10→ Common Stock (435,000 underlying)
Footnotes (2)
- [F1]This option vests in six equal monthly installments over the six-month period following the issuance date of the option.
- [F2]This option vests (i) as to 261,000 shares, in 36 equal monthly installments over the 36-month period following the issuance date of the option, (ii) as to 121,800 shares, upon the Issuer achieving $30,000,000 of revenue in a 12-month period while achieving positive EBITDA, and (iii) as to 52,200 shares, upon the Issuer achieving $40,000,000 of revenue in a 12-month period while achieving positive EBITDA.