BRFH director receives shares as interest payment

BARFRESH FOOD GROUP INC. director Joseph M. Cugine reported an update to his holdings in company securities.

Accepted by SEC EDGAR 07/02/2026 - 04:05 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BARFRESH FOOD GROUP INC. director Joseph M. Cugine reported an update to his holdings in company securities. He received 2,657 shares of Common Stock with a reported price of $1.88 per share as payment of interest on a convertible note, bringing his directly held common shares to 257,146.

Alongside this, he continues to hold several derivative positions on Common Stock: stock options over 19,231 shares at $7.15 expiring on December 31, 2026, options over 5,724 shares at $5.46 expiring on May 7, 2029, and options over 19,231 shares at $6.76 also expiring on December 31, 2026. He also holds a Series R Warrant for 62,500 shares at $3.20 expiring on March 6, 2030 and a 10% Series A Convertible note convertible into 68,966 shares at $2.90 expiring on March 6, 2028.

Insider Trade Summary

Other: 2,657 shares

Other 1 txn

Insider Cugine Joseph M.

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	2,657	$0.00	$0.00
Holding	10% Series A Convertible note	--	--	--
Holding	Series R Warrant (Right to Buy)	--	--	--
Holding	Stock options	--	--	--
Holding	Stock options	--	--	--
Holding	Stock options	--	--	--

Holdings After Transaction: Common Stock — 257,146 shares (Direct); 10% Series A Convertible note — 68,966 contracts (Direct); Series R Warrant (Right to Buy) — 62,500 contracts (Direct); Stock options — 44,186 contracts (Direct)

Holdings Before and After: Common Stock, 254,489 to 257,146 shares (Direct)

Footnotes (1)

1. F1. Shares issued as payment of interest on a convertible note, valued at $1.88 per share.

Key Figures

New shares received: 2,657 shares Interest share value: $1.88 per share Common shares held: 257,146 shares +5 more

8 metrics

New shares received 2,657 shares Common Stock issued as interest payment on convertible note

Interest share value $1.88 per share Valuation used for shares issued as interest

Common shares held 257,146 shares Direct Common Stock holding after transaction

Options at $7.15 19,231 underlying shares Stock options expiring December 31, 2026

Options at $5.46 5,724 underlying shares Stock options expiring May 7, 2029

Options at $6.76 19,231 underlying shares Stock options expiring December 31, 2026

Series R Warrant 62,500 underlying shares at $3.20 Warrant expiring March 6, 2030

10% Series A Convertible note 68,966 underlying shares at $2.90 Convertible note expiring March 6, 2028

Key Terms

10% Series A Convertible note, Series R Warrant (Right to Buy), Stock options, Other acquisition or disposition, +1 more

5 terms

10% Series A Convertible note financial

"10% Series A Convertible note convertible into 68,966 shares at $2.90 expiring on March 6, 2028"

Series R Warrant (Right to Buy) financial

"Series R Warrant (Right to Buy) for 62,500 shares at $3.20 expiring on March 6, 2030"

Stock options financial

"Stock options over 19,231 shares at $7.15, 5,724 shares at $5.46, and 19,231 shares at $6.76 on Common Stock"

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.

Other acquisition or disposition financial

"Common Stock entry coded J with description "Other acquisition or disposition" for 2,657 shares"

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.

FAQ

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

What did Joseph M. Cugine report in this Form 4 for BRFH?

He reported receiving additional BRFH common shares. The filing shows 2,657 shares of Common Stock issued to him as payment of interest on a convertible note, increasing his directly held common shares to 257,146 according to the reported post-transaction balance.

How many Barfresh (BRFH) shares did Joseph M. Cugine receive and at what value?

He received 2,657 BRFH common shares. A footnote explains these shares were issued as payment of interest on a convertible note and valued at $1.88 per share, reflecting a non-cash interest payment taken in stock instead of cash.

What is Joseph M. Cugine’s reported BRFH common stock holding after this transaction?

He is reported to hold 257,146 BRFH common shares directly. The Form 4 lists 2,657 new shares issued as interest on a convertible note and shows a post-transaction total common stock holding of 257,146 shares under direct ownership.

What derivative securities on BRFH stock does Joseph M. Cugine hold?

He holds several option, warrant, and note positions. These include stock options over 19,231 shares at $7.15, 5,724 shares at $5.46, 19,231 shares at $6.76, a Series R Warrant for 62,500 shares at $3.20, and a 10% Series A Convertible note into 68,966 shares at $2.90.

What does the J code "Other acquisition or disposition" mean in this BRFH Form 4?

It indicates an "other" type of transaction, not a standard buy or sell. Here, the J-coded entry reflects shares issued as payment of interest on a convertible note, so it records receipt of shares through interest settlement rather than an open-market purchase or sale.

Did the BRFH Form 4 show any open-market buying or selling by Joseph M. Cugine?

No open-market buys or sells are reported. The summary data shows zero buy and sell transactions. The only new common share entry is coded as an "other" transaction, representing interest paid in stock, with the rest of entries describing existing derivative holdings.

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^*

Cugine Joseph M.

(Last) (First) (Middle)

500-14 MAIN STREET

(Street)

RIDGEFIELD CONNECTICUT 06877

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BARFRESH FOOD GROUP INC. [ BRFH ]

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)
07/01/2026

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
Common Stock	07/01/2026		J		2,657	A	(1)	257,146	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
10% Series A Convertible note	$2.9							03/06/2026	03/06/2028	Common Stock	68,966		$200,000	D
Series R Warrant (Right to Buy)	$3.2							03/06/2026	03/06/2030	Common Stock	62,500		62,500	D
Stock options	$6.76							07/26/2018	12/31/2026	Common Stock	19,231		19,231	D
Stock options	$5.46							05/07/2021	05/07/2029	Common Stock	5,724		5,724	D
Stock options	$7.15							09/15/2017	12/31/2026	Common Stock	19,231		19,231	D

Explanation of Responses:

1. Shares issued as payment of interest on a convertible note, valued at $1.88 per share.

	/s/ Joseph M. Cugine	07/02/2026
	** 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)