FIREFLY NEUROSCIENCE (AIFF) CEO gets 65,988 performance-based shares

Rhea-AI Filing Summary

FIREFLY NEUROSCIENCE, INC. Chief Executive Officer Gregory Lipschitz reported an equity compensation vesting rather than a market trade. On March 10, 2026, he acquired 65,988 shares of Common Stock at a price of $0.0000 per share through a grant/award.

These shares relate to restricted stock units granted on April 18, 2025 for 395,927 shares under the 2024 Long-Term Incentive Plan, after the compensation committee determined performance conditions had been met for 65,988 shares. Following this vesting, he holds 530,184 shares, including 464,196 held by Bower Four Capital Corporation and 65,988 shares held directly.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lipschitz Gregory

(Last) (First) (Middle)

1100 MILITARY ROAD

(Street)

KENMORE NY 14217

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FIREFLY NEUROSCIENCE, INC. [ AIFF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/10/2026		A(1)		65,988	A	$0.00	530,184(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On April 18, 2025, the Reporting Person was granted restricted stock units under the Issuer's 2024 Long-Term Incentive Plan for 395,927 shares of Common Stock. On March 10, 2026, the Compensation Committee of the board of directors of the Issuer determined that the performance conditions had been met for the vesting of 65,988 of these shares.

2. 464,196 out of the 530,184 shares of Common Stock are held by Bower Four Capital Corporation, of which the Reporting Person is the sole stockholder. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The Reporting Person directly owns the remaining 65,988 shares of Common Stock.

	/s/ Greg Lipschitz	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did FIREFLY NEUROSCIENCE (AIFF) report for CEO Gregory Lipschitz?

FIREFLY NEUROSCIENCE reported that CEO Gregory Lipschitz acquired 65,988 shares of Common Stock via an equity grant. The shares vested when performance conditions under a 2024 restricted stock unit award were met, rather than through an open-market stock purchase or sale.

Was the AIFF CEO Form 4 transaction a market buy or sell of shares?

The Form 4 shows no market buy or sell. Instead, CEO Gregory Lipschitz received 65,988 shares at $0.0000 per share as a grant or award when performance-based restricted stock units vested under the company’s 2024 Long-Term Incentive Plan.

How many FIREFLY NEUROSCIENCE (AIFF) shares does the CEO hold after this Form 4?

After this transaction, Gregory Lipschitz is reported as holding 530,184 shares of Common Stock. Of these, 464,196 shares are held by Bower Four Capital Corporation, and 65,988 shares are held directly in his own name, according to the footnote disclosure.

What performance award led to the 65,988 AIFF shares reported in the Form 4?

The 65,988 vested shares come from a restricted stock unit grant awarded on April 18, 2025 for 395,927 shares. On March 10, 2026, the compensation committee determined performance conditions were met for 65,988 of those shares, triggering vesting and share delivery.

How are Bower Four Capital Corporation’s AIFF shares related to the CEO’s holdings?

The filing notes that 464,196 of the 530,184 shares are held by Bower Four Capital Corporation, where Gregory Lipschitz is the sole stockholder. He disclaims beneficial ownership of those securities except to the extent of his pecuniary interest in that entity, per the footnote.

What does the Form 4 say about FIREFLY NEUROSCIENCE’s 2024 Long-Term Incentive Plan?

The Form 4 explains that the CEO’s vested 65,988 shares originated from restricted stock units granted under the 2024 Long-Term Incentive Plan. This plan provided a performance-based award of 395,927 shares, a portion of which vested after the compensation committee confirmed performance achievement.