Healy Eric 4

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.