STOCK TITAN

Biofrontera Inc. (BFRI) CFO gains 31,250 shares from RSU conversion

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Biofrontera Inc. Chief Financial Officer Eugene Frederick Leffler converted 31,250 restricted stock units into 31,250 shares of common stock on July 28, 2026 through an exercise of derivative securities. After this settlement, he directly holds 206,250 shares of Biofrontera common stock.

Positive

  • None.

Negative

  • None.
Insider Leffler Eugene Frederick
Role Chief Financial Officer
Type Security Shares Price Value
Exercise Restricted Stock Units F1, F2, F3 31,250 $0.00 $0.00
Exercise Common Stock F1 31,250 -- --
Holdings After Transaction: Restricted Stock Units — 31,250 shares (Direct); Common Stock — 206,250 shares (Direct)
Footnotes (3)
  1. F1. Each restricted stock unit represents a contingent right to receive one share of BFRI common stock, subject to the company's discretion to settle the restricted stock units, in whole or in part, in cash, as discussed below in footnote 2. The Company elected to convert the restricted stock units into common stock on a one-for-one basis.
  2. F2. On July 22, 2025, the Reporting Person was granted 62,500 restricted stock units, vesting in two equal yearly installments for the first two years following the grant date, beginning on July 22, 2026. Each vested restricted stock unit will be settled, at the Company's discretion, in shares, cash or a combination of shares and cash within 60 days of the vesting date.
  3. F3. Restricted stock units with different terms are not included.
RSUs converted 31,250 units Restricted Stock Units exercised and converted on July 28, 2026
Common shares acquired 31,250 shares Common stock received from RSU conversion on July 28, 2026
Shares held after transaction 206,250 shares Direct Biofrontera common stock ownership following the Form 4 transactions
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"represents a contingent right to receive one share of BFRI common stock"
vested restricted stock unit financial
"Each vested restricted stock unit will be settled, at the Company's discretion"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

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

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FAQ

What insider transaction did Biofrontera Inc. (BFRI) report for its CFO?

Biofrontera reported that CFO Eugene Frederick Leffler converted 31,250 restricted stock units into 31,250 common shares on July 28, 2026. This derivative exercise increased his directly held Biofrontera common stock position to 206,250 shares following the transaction.

How many Biofrontera (BFRI) shares does the CFO own after this Form 4 event?

Following the reported transactions, CFO Eugene Frederick Leffler directly owns 206,250 shares of Biofrontera common stock. This reflects the addition of 31,250 shares received upon settlement of restricted stock units exercised on July 28, 2026.

What was the size of the restricted stock unit conversion in Biofrontera (BFRI)'s Form 4?

The Form 4 shows a conversion of 31,250 restricted stock units into 31,250 shares of Biofrontera common stock. The RSUs, treated as derivative securities, were settled on a one-for-one basis into common shares on July 28, 2026 at no stated cash exercise price.

How are Biofrontera (BFRI) restricted stock units described in this filing?

Each restricted stock unit represents a contingent right to receive one share of Biofrontera common stock. The company may settle vested units in shares, cash, or a combination, and in this case elected a one-for-one conversion entirely into common shares for 31,250 units.

What grant of restricted stock units to the Biofrontera (BFRI) CFO is referenced?

A footnote states the reporting person was granted 62,500 restricted stock units on July 22, 2025, vesting in two equal yearly installments starting July 22, 2026. Each vested unit is to be settled in shares, cash, or a combination within 60 days of vesting.
SEC Form 4
FORM 4UNITED 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*
Leffler Eugene Frederick

(Last)(First)(Middle)
660 MAIN STREET
FIRST FLOOR

(Street)
WOBURN MASSACHUSETTS 01801

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Biofrontera Inc. [ BFRI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/28/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/28/2026M31,250A(1)206,250D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)07/28/2026M31,250 (2) (2)Common Stock31,250$031,250(3)D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of BFRI common stock, subject to the company's discretion to settle the restricted stock units, in whole or in part, in cash, as discussed below in footnote 2. The Company elected to convert the restricted stock units into common stock on a one-for-one basis.
2. On July 22, 2025, the Reporting Person was granted 62,500 restricted stock units, vesting in two equal yearly installments for the first two years following the grant date, beginning on July 22, 2026. Each vested restricted stock unit will be settled, at the Company's discretion, in shares, cash or a combination of shares and cash within 60 days of the vesting date.
3. Restricted stock units with different terms are not included.
/s/ Daniel Hakansson, Attorney-in-fact for Eugene Frederick Leffler III07/29/2026
** Signature of Reporting PersonDate
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)