Locafy issues CEO shares to settle unpaid compensation

The shares settled accrued and unpaid employment compensation in lieu of cash at a deemed issue price of $2.43 per share.

Rhea-AI Filing Summary

Gavin Burnett reported acquisition or exercise transactions in this Form 4 filing. Locafy Ltd reported issuing 7,126 ordinary shares, held of record by Gavin Geoffery Burnett and Justine Anne Burnett as trustees for the Burnett Family Trust, and 4,880 ordinary shares held by them for The Big Superannuation Fund on September 24, 2026. The shares settled accrued and unpaid employment compensation in lieu of cash at a deemed issue price of $2.43 per share; the issuance was approved by the board. Gavin Burnett was identified as Chief Executive Officer and a director.

Insider Trade Summary

Grant/Award: 12,006 shares

Grant/Award 2 txns

Insider Burnett Gavin

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Ordinary Shares F1, F2	7,126	$2.43	$17K
Grant/Award	Ordinary Shares F1, F3	4,880	$2.43	$12K

Holdings After Transaction: Ordinary Shares — 16,906 shares (Indirect, See Footnote)

Footnotes (3)

1. F1. Represents ordinary shares issued by the Issuer to the Reporting Person in settlement of accrued and unpaid employment compensation, at a deemed issue price of $2.43 per share in lieu of cash payment. The issuance was approved by the Issuer's board of directors.
2. F2. Represents shares held of record by Gavin Geoffery Burnett and Justine Anne Burnett as trustees for the Burnett Family Trust.
3. F3. Represents shares held of record by Gavin Geoffery Burnett and Justine Anne Burnett as trustees for The Big Superannuation Fund.

Key Figures

Ordinary shares held for the Burnett Family Trust: 7,126 shares Ordinary shares held for The Big Superannuation Fund: 4,880 shares Deemed issue price: $2.43 per share

3 metrics

Ordinary shares held for the Burnett Family Trust 7,126 shares Issued September 24, 2026

Ordinary shares held for The Big Superannuation Fund 4,880 shares Issued September 24, 2026

Deemed issue price $2.43 per share Shares issued in lieu of cash payment for accrued and unpaid employment compensation

Key Terms

deemed issue price, accrued and unpaid employment compensation, held of record

3 terms

deemed issue price financial

"at a deemed issue price of $2.43 per share"

The deemed issue price is the notional price assigned to shares or securities when they are issued, allotted, or converted in ways that don’t involve a straightforward market sale—such as employee stock options, bonus issues, or preferential allotments. Investors care because it determines taxable value and how much dilution or economic benefit is actually being transferred, much like the sticker price used to calculate tax when you receive a heavily discounted item instead of paying cash.

accrued and unpaid employment compensation financial

"settlement of accrued and unpaid employment compensation"

held of record financial

"shares held of record by Gavin Geoffery Burnett and Justine Anne Burnett"

FAQ

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

How many LCFY shares were issued in the compensation settlement?

Locafy Ltd reported issuing 7,126 ordinary shares held for the Burnett Family Trust and 4,880 ordinary shares held for The Big Superannuation Fund on September 24, 2026. The shares were issued in settlement of accrued and unpaid employment compensation.

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

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Available on EDGAR 10/05/2026 - 10:32 AM Accepted by SEC EDGAR 10/05/2026 - 10:31 AM Learn about SEC filing dates

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^*

Burnett Gavin

(Last) (First) (Middle)

246 CHURCHILL AVENUE

(Street)

SUBIACO WA, 6008

(City) (State) (Zip)

AUSTRALIA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Locafy Ltd [ LCFY ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2026

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
Ordinary Shares	09/24/2026		A		7,126(1)	A	$2.43	165,126	I	See Footnote(2)
Ordinary Shares	09/24/2026		A		4,880(1)	A	$2.43	16,906	I	See Footnote(3)

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. Represents ordinary shares issued by the Issuer to the Reporting Person in settlement of accrued and unpaid employment compensation, at a deemed issue price of $2.43 per share in lieu of cash payment. The issuance was approved by the Issuer's board of directors.

2. Represents shares held of record by Gavin Geoffery Burnett and Justine Anne Burnett as trustees for the Burnett Family Trust.

3. Represents shares held of record by Gavin Geoffery Burnett and Justine Anne Burnett as trustees for The Big Superannuation Fund.

	/s/Gavin Burnett	10/05/2026
	** 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)