BLMH (BLMH) CFO Patty Chan receives 30,612 shares as $30,000 consulting pay

Rhea-AI Filing Summary

BlueLinx Holdings, Inc. Chief Financial Officer Patty Chan received common stock as compensation. On December 31, 2025, Chan was issued 30,612 shares of common stock at an implied price of $0.98 per share, in lieu of $30,000 of consulting compensation. After this transaction, she beneficially owned 30,612 shares 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^*

Chan Patty

(Last) (First) (Middle)

11516 DOWNEY AVE

(Street)

DOWNEY CA 90241

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLUM HOLDINGS, INC. [ BLMH ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2025

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	12/31/2025		A(1)		30,612	A	$0.98	30,612	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. The shares reported herein were issued to Patty Chan on December 31, 2025 as compensation for consulting services rendered to the Issuer. The shares were issued in satisfaction of $30,000 of consulting compensation at an implied price of $0.98 per share.

	/s/ Patty Chan	01/27/2026
	** 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.
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FAQ

What insider transaction did BLMH Chief Financial Officer Patty Chan report?

Patty Chan reported receiving 30,612 BLMH common shares as compensation. The stock was issued on December 31, 2025 in exchange for consulting services, reflecting non-cash payment through equity rather than cash compensation for $30,000 of fees.

What was the implied price per share for Patty Chan’s BLMH stock compensation?

The implied price was $0.98 per BLMH common share. This price comes from issuing 30,612 shares in satisfaction of $30,000 in consulting compensation, effectively translating the service fee into equity at that specific valuation.

How many BLMH shares does Patty Chan own after this Form 4 transaction?

After the reported transaction, Patty Chan beneficially owned 30,612 BLMH common shares. All of these are held as a direct ownership position, reflecting the shares she received as equity compensation for consulting services rendered to the company.

Was the BLMH Form 4 transaction a purchase or an award of shares?

The transaction was an award of shares as compensation, not an open-market purchase. BLMH issued 30,612 common shares to Patty Chan in exchange for $30,000 of consulting work, at an implied value of $0.98 per share.

What type of compensation did BLMH provide to Patty Chan in this filing?

BLMH compensated Patty Chan with equity rather than cash. The company issued 30,612 common shares on December 31, 2025 to settle $30,000 in consulting compensation, effectively converting a service fee into stock at a set implied price.

Does Patty Chan hold the BLMH shares directly or indirectly after this transaction?

Patty Chan holds the BLMH shares directly following this transaction. The Form 4 shows direct ownership of 30,612 common shares, with no indication of indirect holdings through entities such as trusts, partnerships, or family investment vehicles.