Cugine Joseph M. 4

What Happened

• Director Joseph M. Cugine recorded an "other acquisition" (code J) on 2026-07-01: he received 2,657 shares of Barfresh Food Group (BRFH). The Form 4 lists the per-share price as N/A, but a footnote states the shares were issued as payment of interest on a convertible note and were valued at $1.88 per share (2,657 × $1.88 ≈ $4,995).

Key Details

• Transaction date: 2026-07-01 (filed 2026-07-02 — timely filing).
• Transaction type/code: Other acquisition (J); shares issued as interest on a convertible note (footnote F1).
• Price reported on form: N/A; footnote valuation: $1.88/share; total value ≈ $4,995.
• Shares owned after transaction: Not specified in the provided filing.
• Filing status/timeliness: Filed the day after the transaction (no late filing indicated).

Context

• This was not an open-market purchase or sale but an issuance of shares as payment of interest on debt — a routine financing/accounting transaction rather than an obvious bullish or bearish trading signal. Such in-kind interest payments compensate the company’s creditor and do not necessarily reflect the director’s view of the stock.