JFB Insider Form 4: 10,000 Class A Shares Issued to Director

Rhea-AI Filing Summary

JFB Construction Holdings director Bjarne Erik Siwert Borg was issued 10,000 Class A common shares on June 30, 2025 under the company’s 2024 Equity Incentive Plan as approved by the board and recommended by the compensation committee. The filing reports the shares were granted (transaction code A) at a reported price of $0, and the reporting person beneficially owns 10,000 shares directly following the transaction. The Form 4 is signed and dated by the reporting person on August 20, 2025.

Positive

• Director alignment: Director received equity under the board-approved 2024 Equity Incentive Plan, linking interests with shareholders
• Proper approval: Grant was approved by the board upon the compensation committee's recommendation

Negative

• None.

Insights

Corporate Governance Expert

TL;DR Director received equity grant under the board-approved incentive plan, aligning interests with shareholders.

The issuance of 10,000 Class A shares to a director under the 2024 Equity Incentive Plan is a standard governance practice to align management and board incentives with shareholder outcomes. The grant was board-approved on recommendation of the compensation committee, indicating governance processes were followed. The transaction code A indicates an award/issuance rather than an open-market purchase. Materiality depends on company size, which is not disclosed in this filing.

Securities Analyst

TL;DR An equity grant to an insider was recorded; it increases insider stake but may cause minor dilution.

This Form 4 records a non-cash grant of 10,000 shares to a director, reported as acquired at $0. Such grants are common as compensation. The filing shows direct beneficial ownership of 10,000 shares post-transaction. The document does not disclose total outstanding shares, vesting terms, or any immediate sale, so direct valuation and dilution impact cannot be calculated from this filing alone.

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^*

Borg Bjarne Erik Siwert

(Last) (First) (Middle)

307 OLD JUPITER BEACH ROAD

(Street)

JUPITER FL 33477

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
JFB Construction Holdings [ JFB ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2025

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

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

X	Form filed by One Reporting Person
	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
Class A Common Stock	06/30/2025		A		10,000(1)	A	$0	10,000	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

Explanation of Responses:

1. The shares reported here were issued to the reporting person pursuant to the JFB Construction Holdings 2024 Equity Incentive Plan, as approved by the Board of Directors upon recommendation of the Compensation Committee, on June 30, 2025.

	/s/ Bjarne Borg	08/20/2025
	** 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 JFB (JFB) report in this Form 4?

The Form 4 reports that director Bjarne Erik Siwert Borg was issued 10,000 Class A common shares on June 30, 2025 under the company's 2024 Equity Incentive Plan.

Was the share grant purchased or issued for free?

The filing shows a transaction code of A with a reported price of $0, indicating the shares were issued rather than purchased.

How many shares does the reporting person own after the transaction?

The reporting person is shown as beneficially owning 10,000 Class A shares following the reported transaction.

Does the filing state vesting terms or total outstanding shares?

No. The Form 4 does not disclose vesting schedules or the company's total outstanding share count.

When was the Form 4 signed by the reporting person?

The form bears the reporting person’s signature dated August 20, 2025.