Kaufman Kapital (BOF) turns $500K 12% note into 659,457 shares

Rhea-AI Filing Summary

BranchOut Food Inc. reported an insider debt conversion by a major holder. On January 28, 2026, 10% owner Kaufman Kapital LLC converted $500,000 of principal from a 12% Senior Secured Convertible Promissory Note into 659,457 shares of common stock at $0.7582 per share.

Following this transaction, the reporting persons beneficially owned 1,659,457 common shares. The note was originally issued on July 24, 2024, and after this partial conversion, $2,900,000 of principal plus accrued interest remains outstanding under the note.

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^*

Kaufman Daniel Louis

(Last) (First) (Middle)

2158 CALLE PARK BLVD

(Street)

SAN JUAN PR 00913

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BranchOut Food Inc. [ BOF ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/28/2026

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

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

	Form filed by One Reporting Person
X	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	01/28/2026		M(1)		659,457	A	$0.7582	1,659,457	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
12% Convertible Note	$0.7582	01/28/2026		M(1)			659,457	10/14/2024	12/31/2026	Common Stock	659,457	(1)	0(1)	D

1. Name and Address of Reporting Person^*

Kaufman Daniel Louis

(Last) (First) (Middle)

2158 CALLE PARK BLVD

(Street)

SAN JUAN PR 00913

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Kaufman Kapital LLC

(Last) (First) (Middle)

2158 CALLE PARK BLVD,

(Street)

SAN JUAN PR 00913

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. This form 4 is being filed to report the conversion of $500,000 of principal outstanding under that certain 12% Senior Secured Convertible Promissory Note (the "Note") issued to Kaufman Kapital, LLC on July 24, 2024, the issuance of which was reported in a Form 3 filed by the reporting persons on August 8, 2024. After giving effect to the conversion, $2,900,000 plus accrued interest remains outstanding under the Note.

	/s/ Daniel L. Kaufman	01/29/2026
	Kaufman Kapital LLC, By: /s/ Daniel L Kaufman	01/29/2026
	** 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.

FAQ

What did Kaufman Kapital report in the latest BranchOut Food (BOF) Form 4?

Kaufman Kapital LLC reported converting $500,000 of a 12% Senior Secured Convertible Promissory Note into 659,457 BranchOut Food common shares on January 28, 2026. This insider transaction reflects a move from debt claims into equity ownership in the company.

How many BranchOut Food (BOF) shares were issued in the Kaufman Kapital note conversion?

The conversion resulted in the issuance of 659,457 common shares of BranchOut Food at a conversion price of $0.7582 per share. These shares came from converting principal under a 12% Senior Secured Convertible Promissory Note held by Kaufman Kapital LLC.

How many BranchOut Food (BOF) shares does the reporting holder own after this Form 4 transaction?

After the reported conversion, the reporting persons beneficially owned 1,659,457 shares of BranchOut Food common stock. This figure reflects the additional 659,457 shares received in exchange for converting $500,000 of principal under the 12% convertible note.

What remains outstanding on the Kaufman Kapital 12% note with BranchOut Food (BOF)?

After converting $500,000 of principal into equity, $2,900,000 of principal plus accrued interest remains outstanding on the 12% Senior Secured Convertible Promissory Note issued to Kaufman Kapital LLC, according to the insider disclosure footnote.

When was the 12% Senior Secured Convertible Promissory Note to Kaufman Kapital originally issued by BranchOut Food (BOF)?

The 12% Senior Secured Convertible Promissory Note was issued to Kaufman Kapital LLC on July 24, 2024. The January 28, 2026 conversion of $500,000 of principal into 659,457 shares is one of the transactions occurring under this existing note.