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Borealis Foods (NASDAQ: BRLS) director reports shares and warrant holdings

(Neutral)
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Borealis Foods Inc. director Mynzhanov Pavel has reported his initial holdings. He directly owns 930 Common Shares and also holds Warrants that can be exercised to acquire 930 Common Shares at an exercise price of $11.5000 per share, expiring on February 7, 2029.

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Insider Mynzhanov Pavel
Role Director
Type Security Shares Price Value
holding Warrants -- -- --
holding Common Shares -- -- --
Holdings After Transaction: Warrants — 930 shares (Direct); Common Shares — 930 shares (Direct)
Direct Common Shares held 930 shares Total Common Shares following Form 3 entry
Warrant underlying shares 930 shares Underlying Common Shares for reported Warrants
Warrant exercise price $11.5000 per share Exercise price for Warrants into Common Shares
Warrant expiration date February 7, 2029 Expiration of Warrants on Common Shares
Holding entries in filing 2 entries One for Common Shares, one for Warrants
Form 3 regulatory
"The Form 3 shows director Mynzhanov Pavel’s initial ownership in Borealis Foods."
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Common Shares financial
"He directly owns 930 Common Shares and also holds Warrants that can be exercised"
Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.
Warrants financial
"He directly owns 930 Common Shares and also holds Warrants that can be exercised"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
exercise price financial
"at an exercise price of $11.5000 per share, expiring on February 7, 2029"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
underlying Common Shares financial
"He holds Warrants tied to 930 underlying Common Shares of Borealis Foods."

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

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FAQ

What does the Borealis Foods (BRLS) Form 3 filing show for Mynzhanov Pavel?

The Form 3 shows director Mynzhanov Pavel’s initial ownership in Borealis Foods. He holds 930 Common Shares directly and Warrants linked to 930 underlying Common Shares, providing transparency on his equity position as of the reported date.

How many Borealis Foods (BRLS) Common Shares does Mynzhanov Pavel own?

Mynzhanov Pavel directly owns 930 Common Shares of Borealis Foods. This share count is disclosed as his total direct holdings following the reported Form 3 entry, helping investors understand the scale of his equity stake in the company.

What is the exercise price of Mynzhanov Pavel’s Borealis Foods (BRLS) Warrants?

The Warrants reported in the Form 3 have an exercise price of $11.5000 per underlying Common Share. This means he can choose to buy up to 930 shares at that fixed price before the Warrants expire in 2029.

When do Mynzhanov Pavel’s Borealis Foods (BRLS) Warrants expire?

The Warrants held by Mynzhanov Pavel expire on February 7, 2029. After this expiration date, he would no longer be able to exercise them to purchase the 930 underlying Common Shares at the stated exercise price.

Does the Borealis Foods (BRLS) Form 3 show any recent share purchases or sales by Mynzhanov Pavel?

The Form 3 lists holding entries only and no buy or sell transactions. It records 930 Common Shares and Warrants for 930 underlying shares, serving as an initial ownership snapshot rather than a record of trading activity.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
Mynzhanov Pavel

(Last)(First)(Middle)
C/O BOREALIS FOODS, INC.
1540 CORNWALL RD. #104

(Street)
OAKVILLEL6J7W4

(City)(State)(Zip)

ONTARIO, CANADA

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
05/11/2026
3. Issuer Name and Ticker or Trading Symbol
Borealis Foods Inc. [ BRLS ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares930D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Warrants03/07/202402/07/2029Common Shares930$11.5D
Explanation of Responses:
/s/ Pavel Mynzhanov06/26/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)