Barfresh (NASDAQ: BRFH) CEO updates insider holdings and derivative positions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BARFRESH FOOD GROUP INC. Chief Executive Officer Riccardo Delle Coste reported updated holdings of company securities. He received 399 shares of common stock as payment of interest on a convertible note, valued at $1.88 per share, bringing his direct common stock ownership to 119,861 shares.
In addition, he holds 1,642,022 common shares indirectly through RD Capital Holdings Pty Ltd and 6,782 shares indirectly through the Delle Coste Family Trust. He also reports multiple stock options, a Series R warrant, and a 10% Series A convertible note, all convertible into additional common shares over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
16 transactions reported
Mixed
16 txns
Insider
Delle Coste Riccardo
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 399 | $0.00 | -- |
| holding | Stock option | -- | -- | -- |
| holding | 10% Series A convertible note | -- | -- | -- |
| holding | Series R Warrant (Right to buy) | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Stock option | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 119,861 shares (Direct, null);
Stock option — 19,231 shares (Direct, null);
10% Series A convertible note — 10,345 shares (Direct, null);
Series R Warrant (Right to buy) — 9,375 shares (Direct, null);
Common Stock — 6,782 shares (Indirect, Delle Coste Family Trust)
Footnotes (1)
- [object Object]
Key Figures
Interest payment shares: 399 shares
Interest share value: $1.88 per share
Direct common shares: 119,861 shares
+5 more
8 metrics
Interest payment shares
399 shares
Common stock issued as interest on convertible note
Interest share value
$1.88 per share
Valuation of interest payment shares per footnote
Direct common shares
119,861 shares
Direct BRFH common stock held after transaction
Indirect RD Capital holdings
1,642,022 shares
Common shares held via RD Capital Holdings Pty Ltd
Indirect Family Trust holdings
6,782 shares
Common shares held via Delle Coste Family Trust
Stock option underlying shares
19,231 shares each grant
Underlying BRFH common shares per stock option grant
Series R Warrant
9,375 underlying shares at $3.20
Direct warrant to buy BRFH common stock, expiring 2030-03-23
10% Series A note
10,345 underlying shares at $2.90
Convertible note into BRFH common stock, expiring 2028-03-23
Key Terms
Form 4, convertible note, Series R Warrant (Right to buy), 10% Series A convertible note, +1 more
5 terms
Form 4 regulatory
"What did BRFH CEO Riccardo Delle Coste report in this Form 4?"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
convertible note financial
"Shares issued as payment of interest on a convertible note, valued at $1.88 per share."
A convertible note is a type of loan that a company gets from investors, which can later be turned into company shares instead of being paid back in cash. It matters because it helps startups raise money quickly without setting a fixed value for the company right away, making it easier to grow and attract investors.
Series R Warrant (Right to buy) financial
"The Series R Warrant is exercisable into 9,375 BRFH common shares at an exercise price of $3.20 per share."
10% Series A convertible note financial
"The 10% Series A convertible note is convertible into 10,345 underlying common shares at a conversion price of $2.90 per share."
stock option financial
"He holds several stock options, a Series R Warrant, and a 10% Series A convertible note, all exercisable or convertible into BRFH common stock."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
FAQ
What did BRFH CEO Riccardo Delle Coste report in this Form 4?
He reported updated holdings, including receiving 399 BRFH common shares as interest paid on a convertible note at $1.88 per share. The filing also details his direct, indirect, and derivative positions tied to Barfresh Food Group common stock.
What derivative securities tied to BRFH common stock does the CEO hold?
He holds several stock options, a Series R Warrant, and a 10% Series A convertible note, all exercisable or convertible into BRFH common stock. Exercise prices range from $1.33 to $9.36, with expiration dates spanning from 2026 through 2034.
Does this BRFH Form 4 show any open-market buying or selling by the CEO?
No open-market purchases or sales are reported. The only new common shares noted are 399 shares issued as interest on a convertible note. Other entries describe existing holdings and derivative positions such as stock options, a warrant, and a convertible note.