BullFrog AI director granted 15,000 stock options

BullFrog AI Holdings director Elsey R Don received a stock option grant as equity compensation.

Accepted by SEC EDGAR 06/15/2026 - 05:29 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BullFrog AI Holdings director Elsey R Don received a stock option grant as equity compensation. The grant covers 15,000 stock options for common stock at an exercise price of $0.6281 per share. These options vest on June 11, 2027 and were issued under the company’s 2022 Equity Compensation Plan. The options expire on June 12, 2036 and were granted based on the market price on the grant date.

Insider Trade Summary

Grant/Award: 15,000 shares

Grant/Award 1 txn

Insider Elsey R Don

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Stock Options (Right to Buy)	15,000	$0.00	$0.00

Holdings After Transaction: Stock Options (Right to Buy) — 15,000 contracts (Direct)

Footnotes (3)

1. F1. Represents stock options issued under BullFrog AI Holdings, Inc.'s (the "Company") 2022 Equity Compensation Plan, as amended from time to time (the "Plan"), which vest on June 11, 2027. Lapse of forfeiture restrictions will accelerate upon a change in control of the Company (as defined in the Plan) or a significant financing, which may, or may not, constitute a change in control.
2. F2. The stock options expire on June 12, 2036.
3. F3. The options were issued as a grant under the Plan, based on the market price on the date of the grant.

Key Figures

Options granted: 15,000 options Exercise price: $0.6281 per share Underlying shares: 15,000 shares +2 more

5 metrics

Options granted 15,000 options Stock options for common stock granted to director

Exercise price $0.6281 per share Exercise price of granted stock options

Underlying shares 15,000 shares Common stock underlying the options

Vesting date June 11, 2027 Scheduled vesting date of stock options

Expiration date June 12, 2036 Expiration of stock options if not exercised

Key Terms

Equity Compensation Plan, stock options, change in control, forfeiture restrictions

4 terms

Equity Compensation Plan financial

"Represents stock options issued under BullFrog AI Holdings, Inc.'s 2022 Equity Compensation Plan"

A plan by which a company gives employees, directors or contractors ownership or the right to buy ownership in the company through stock, options or similar awards — think of promising slices of the company pie as part of someone's pay. It matters to investors because these awards can change the number of shares outstanding, affect reported profits and influence management’s decisions; large or generous plans can dilute existing holders and alter incentives over time.

stock options financial

"Represents stock options issued under BullFrog AI Holdings, Inc.'s 2022 Equity Compensation Plan"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

change in control financial

"Lapse of forfeiture restrictions will accelerate upon a change in control of the Company"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

forfeiture restrictions financial

"Lapse of forfeiture restrictions will accelerate upon a change in control of the Company"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did BullFrog AI (BFRG) director Elsey R Don report on this Form 4?

Elsey R Don reported receiving a grant of 15,000 stock options. The options relate to BullFrog AI common stock and are a compensation award under the company’s 2022 Equity Compensation Plan, not an open-market purchase or sale of existing shares.

What are the key terms of the 15,000 stock options granted to BFRG’s director?

The director received 15,000 stock options with an exercise price of $0.6281 per share. The options relate to BullFrog AI common stock, vest on June 11, 2027, and were granted based on the market price on the grant date under the 2022 Equity Compensation Plan.

When do Elsey R Don’s BullFrog AI stock options vest and expire?

The 15,000 stock options vest on June 11, 2027, meaning they become exercisable then. According to the disclosure, these options expire on June 12, 2036, giving a multi-year window after vesting for the director to potentially exercise them.

At what price can the BullFrog AI director exercise the new stock options?

The options have an exercise price of $0.6281 per share for BullFrog AI common stock. This price was set based on the market price on the grant date, aligning the award’s value with the company’s trading level when granted.

Are the new BullFrog AI options to Elsey R Don part of a compensation plan?

Yes. The 15,000 stock options were granted under BullFrog AI Holdings’ 2022 Equity Compensation Plan. The filing notes they are a grant under the plan and that vesting and certain acceleration terms follow the plan’s defined rules and conditions.

Can the vesting of Elsey R Don’s BullFrog AI options accelerate?

The filing states lapse of forfeiture restrictions will accelerate upon a change in control or a significant financing. These events are defined in the 2022 Equity Compensation Plan and may cause earlier vesting compared with the scheduled June 11, 2027 date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Elsey R Don

(Last) (First) (Middle)

325 ELLINGTON BLVD,

UNIT 317

(Street)

GAITHERSBURG MARYLAND 20878

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BullFrog AI Holdings, Inc. [ BFRG ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026

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

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

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

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

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
Stock Options (Right to Buy)	$0.6281	06/11/2026		A		15,000		(1)	(2)	Common Stock	15,000	$0.00(3)	15,000	D

Explanation of Responses:

1. Represents stock options issued under BullFrog AI Holdings, Inc.'s (the "Company") 2022 Equity Compensation Plan, as amended from time to time (the "Plan"), which vest on June 11, 2027. Lapse of forfeiture restrictions will accelerate upon a change in control of the Company (as defined in the Plan) or a significant financing, which may, or may not, constitute a change in control.

2. The stock options expire on June 12, 2036.

3. The options were issued as a grant under the Plan, based on the market price on the date of the grant.

	/s/ R. Don Elsey	06/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)