BECK DOUGLAS 4

What Happened

• Beck Douglas, SVP of Finance & Controller at SHF Holdings (SHFS), was reported as receiving a grant/award of 45,875 shares (derivative stock option) that vested on September 30, 2025. The award was reported as acquired at $0.00 (i.e., no cash paid at vesting). This was an award/vesting event, not a purchase or sale.

Key Details

• Transaction date: September 30, 2025 (vesting date); grant originally issued August 7, 2025 (per footnote).
• Transaction type/code: Award/Grant (derivative security) — reported as "A".
• Shares involved: 45,875 option shares vested; reported acquisition price $0.00.
• Vesting condition: The option vested 100% upon completion of an equity financing raising at least $4 million, which the company satisfied on September 30, 2025 (footnote).
• Filing timeliness: Reported late due to an "inadvertent administrative oversight" (footnote). TransactionTimeliness = L.
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• This filing reports an award/vesting of options (a derivative); it does not indicate an exercise, sale, or cash transaction. Options that vest give the holder the right to buy common shares in the future (subject to exercise terms) but have no immediate cash proceeds unless exercised and sold.
• A late Form 4 filing is generally an administrative issue but delays public disclosure of insiders’ holdings and should be noted by investors monitoring insider activity.