Barfresh holders report 7%–9% stakes

Barfresh Food Group Inc. Schedule 13G discloses that certain Ibex-related reporting persons and Justin B. Borus beneficially own disclosed common stock positions as of the event date April 9, 2026.

Accepted by SEC EDGAR 04/09/2026 - 06:37 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Barfresh Food Group Inc. Schedule 13G discloses that certain Ibex-related reporting persons and Justin B. Borus beneficially own disclosed common stock positions as of the event date April 9, 2026. The filing reports Justin B. Borus holds 1,440,885 shares (9.0%) and related Ibex entities each hold 1,110,982 shares (7.0%). The percentages are calculated using 15,969,281 shares outstanding as of November 4, 2025, per the issuer's prior Form 10-Q. The filing explains ownership arises from direct Fund holdings and related entity relationships, and each Reporting Person disclaims ownership of shares they do not directly own.

Insights

Governance Analyst

Holders report meaningful passive stakes under Schedule 13G; control claims are limited.

The filing shows 1,440,885 shares (9.0%) for Justin B. Borus and 1,110,982 shares (7.0%) for each Ibex entity, using the issuer's November 4, 2025 outstanding share count. The statement clarifies that the Fund directly owns most shares and that related entities may be deemed to beneficially own Fund holdings through management relationships.

Because this is a Schedule 13G disclosure, it signals a passive investor reporting threshold rather than an intent to control; the Reporting Persons also include a disclaimer limiting beneficial ownership to directly held shares.

Market Structure Specialist

Positions create visible ownership blocks but no immediate corporate action is stated.

The filing quantifies positions relative to 15,969,281 shares outstanding, which frames the reported 7.0% and 9.0% stakes. The excerpt ties beneficial ownership to fund and manager relationships rather than open-market transactions disclosed in this form.

Market impact depends on trading behavior by these holders; the filing itself does not describe any planned transfers, agreements, or sale programs.

Key Figures

Outstanding shares: 15,969,281 shares Justin B. Borus holdings: 1,440,885 shares Ibex entity holdings: 1,110,982 shares +2 more

5 metrics

Outstanding shares 15,969,281 shares as of November 4, 2025 (used to compute percentages)

Justin B. Borus holdings 1,440,885 shares reported beneficial ownership as of April 9, 2026

Ibex entity holdings 1,110,982 shares reported for each Ibex-related Reporting Person as of April 9, 2026

Justin Borus percentage 9.0% percentage of class using Nov 4, 2025 outstanding count

Ibex entities percentage 7.0% percentage of class using Nov 4, 2025 outstanding count

Key Terms

Schedule 13G, beneficially own, sole dispositive power, Joint Filing Agreement

4 terms

Schedule 13G regulatory

"Item 1. Name of issuer: Barfresh Food Group Inc."

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially own regulatory

"The Fund directly beneficially owns the Common Stock reported in this Statement"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

sole dispositive power financial

"7 | Sole Dispositive Power 1,110,982.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Joint Filing Agreement regulatory

"Exhibit 99.1 - Joint Filing Agreement"

FAQ

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

What stake does Justin B. Borus report in BRFH?

Justin B. Borus reports beneficial ownership of 1,440,885 shares (9.0%). This percentage is calculated using 15,969,281 shares outstanding as of November 4, 2025, and the position reflects shares directly beneficially owned by Mr. Borus.

How many shares do Ibex-related entities hold in BRFH?

Each disclosed Ibex entity reports 1,110,982 shares (7.0%). The filing lists Ibex Investors LLC, Ibex Microcap Fund LLLP, and Ibex Investment Holdings LLC with those holdings and describes their managerial relationships.

What outstanding share count does the filing use to compute percentages?

The filing uses 15,969,281 shares outstanding as of November 4, 2025. That figure is cited from the issuer's Form 10-Q filed with the SEC on November 6, 2025, and is the denominator for the reported percentages.

Does the Schedule 13G indicate an intent to control Barfresh (BRFH)?

No direct control intent is stated; the form is a Schedule 13G passive filing. The Reporting Persons describe fund/manager relationships and include disclaimers that limit claimed beneficial ownership to shares directly owned.

Who signed the filing for these reporting persons?

The filing is signed by Justin B. Borus as authorized signatory on behalf of the Reporting Persons. Signatures bear the event date April 9, 2026 and an attached Joint Filing Agreement is included as Exhibit 99.1.

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

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Barfresh Food Group Inc.

(Name of Issuer)

Common Stock, $0.000001 par value

(Title of Class of Securities)

067532200

(CUSIP Number)

04/09/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 067532200

1

Names of Reporting Persons

Ibex Investors LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

COLORADO

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,110,982.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,110,982.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,110,982.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: limited liability company

SCHEDULE 13G

CUSIP Number(s): 067532200

1

Names of Reporting Persons

Justin B. Borus

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,440,885.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,440,885.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,440,885.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.0 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

CUSIP Number(s): 067532200

1

Names of Reporting Persons

Ibex Microcap Fund LLLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,110,982.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,110,982.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,110,982.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP Number(s): 067532200

1

Names of Reporting Persons

Ibex Investment Holdings LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,110,982.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,110,982.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,110,982.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.0 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: limited liability company

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Barfresh Food Group Inc.
(b)	Address of issuer's principal executive offices: 3600 Wilshire Boulevard Suite 1720 Los Angeles, CA, 90010
Item 2.
(a)	Name of person filing: This Schedule 13G is filed by the following (the "Reporting Persons"): (1) Ibex Investors LLC, a Colorado limited liability company (the "Investment Manager"); (2) Justin B. Borus ; (3) Ibex Microcap Fund LLLP (the "Fund"); and (4) Ibex Investment Holdings LLC, a Delaware limited liability company ("IM Holdings") (all of the foregoing, collectively, the "Reporting Persons"). The Fund is a private investment vehicle. The Fund directly beneficially owns the Common Stock reported in this Statement (other than 329,903 shares of Common Stock directly beneficially owned by Justin B. Borus). The Investment Manager is the investment manager and general partner of the Fund. IM Holdings is the sole member of the Investment Manager. Justin B. Borus is the manager of IM Holdings and the Investment Manager. IM Holdings, the Investment Manager, and Justin B. Borus may be deemed to beneficially own the Common Stock directly beneficially owned by the Fund. Each Reporting Person disclaims beneficial ownership with respect to any shares other than the shares directly beneficially owned by such Reporting Person.
(b)	Address or principal business office or, if none, residence: The principal business office of the Reporting Person is c/o Ibex Investors LLC, 101 S Madison St, Denver, CO 80209.
(c)	Citizenship: For citizenship information or place of organization see Item 4 of the cover page of each Reporting Person.
(d)	Title of class of securities: Common Stock, $0.000001 par value
(e)	CUSIP Number(s): 067532200
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See Item 9 on the cover page for each Reporting Person, and Item 2, which information is given as of the end of business on the Event Date of April 9, 2026.
(b)	Percent of class: See Item 11 on the cover page for each Reporting Person. The foregoing percentages set forth in this response are based on 15,969,281 shares of Common Stock outstanding as of November 4, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on November 6, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See Item 5 on the cover page for each Reporting Person.
	(ii) Shared power to vote or to direct the vote: See Item 6 on the cover page for each Reporting Person.
	(iii) Sole power to dispose or to direct the disposition of: See Item 7 on the cover page for each Reporting Person.
	(iv) Shared power to dispose or to direct the disposition of: See Item 8 on the cover page for each Reporting Person.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Ibex Investors LLC

Signature:	/s/ Justin B. Borus
Name/Title:	Justin B. Borus / Authorized Signatory
Date:	04/09/2026

Justin B. Borus

Signature:	/s/ Justin B. Borus
Name/Title:	N/A
Date:	04/09/2026

Ibex Microcap Fund LLLP

Signature:	/s/ Justin B. Borus
Name/Title:	Justin B. Borus / Authorized Signatory
Date:	04/09/2026

Ibex Investment Holdings LLC

Signature:	/s/ Justin B. Borus
Name/Title:	Justin B. Borus / Authorized Signatory
Date:	04/09/2026

Exhibit Information

Exhibit 99.1 - Joint Filing Agreement