Leef Brands (LEEEF) CEO Micah Payne adds common shares and new warrants

Rhea-AI Filing Summary

Leef Brands Inc. Chief Executive Officer and director Micah Payne reported open-market purchases of both common shares and warrants. On May 18, 2026, he bought 135,870 Common Shares at $0.25 per share, increasing his direct holdings to 14,667,726 Common Shares.

On the same date, he also acquired 135,870 Warrants, each exercisable for one Common Share at a $0.30 conversion or exercise price. Following this derivative transaction, he directly holds 151,870 Warrants. All reported transactions are net open-market buys, with no sales disclosed in this filing.

Insider Trade Summary

Net Buyer: 271,740 shares ($33,968)

Net Buy 2 txns

Insider Anderson Micah Payne

Role Chief Executive Officer

Bought 271,740 shs ($34K)

Type	Security	Shares	Price	Value
Purchase	Warrant	135,870	$0.00	--
Purchase	Common Shares	135,870	$0.25	$34K

Holdings After Transaction: Warrant — 151,870 shares (Direct, null); Common Shares — 14,667,726 shares (Direct, null)

Footnotes (1)

Key Figures

Common shares purchased: 135,870 shares Purchase price per common share: $0.25 per share Common shares held after transaction: 14,667,726 shares +5 more

8 metrics

Common shares purchased 135,870 shares Open-market purchase on May 18, 2026

Purchase price per common share $0.25 per share Common Shares transaction on May 18, 2026

Common shares held after transaction 14,667,726 shares Total Common Shares directly owned after May 18, 2026 trade

Warrants purchased 135,870 warrants Derivative transaction on May 18, 2026

Warrant exercise price $0.30 per share Conversion or exercise price of Warrants

Warrants held after transaction 151,870 warrants Total Warrants directly owned after May 18, 2026 trade

Net buy shares in Form 4 271,740 shares transactionSummary netBuySellShares, all net-buy

Warrant expiration date May 15, 2028 Expiration date of acquired Warrants

Key Terms

open-market purchase, Warrant, conversion or exercise price, derivative transaction, +1 more

5 terms

open-market purchase financial

"transaction_action is described as "open-market purchase" for both transactions"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

Warrant financial

"One transaction involves a security titled "Warrant" with underlying Common Shares"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

conversion or exercise price financial

"The Warrant has a "conversion_or_exercise_price" of 0.3000 per share"

derivative transaction financial

"The Warrant entry is labeled as a "derivative" transaction type"

net-buy financial

"transactionSummary lists a "netBuySellDirection" of "net-buy""

Form 4 Insider Transactions: What Each Field Means →

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^*

Anderson Micah Payne

(Last) (First) (Middle)

SUITE 2500 PARK PLACE,

666 BURRARD STREET

(Street)

VANCOUVER BC V6C 2X8

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Leef Brands Inc. [ LEEEF ]

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

X	Director	X	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)
05/18/2026

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 Shares	05/18/2026		P		135,870	A	$0.25	14,667,726	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
Warrant	$0.3	05/18/2026		P		135,870		09/16/2026	05/15/2028	Common Shares	135,870	$0.00	151,870	D

Explanation of Responses:

	/s/ Micah Anderson	05/21/2026
	** 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)

FAQ

What insider transactions did Leef Brands (LEEEF) report in this Form 4?

Leef Brands reported that CEO Micah Payne bought common shares and warrants. On May 18, 2026, he purchased 135,870 Common Shares and 135,870 Warrants, both classified as open-market or private purchases, with no sales reported in this filing.

How many Leef Brands (LEEEF) common shares does the CEO hold after these trades?

After the reported transactions, CEO Micah Payne directly holds 14,667,726 Common Shares. This figure reflects his position following the May 18, 2026 open-market purchase of 135,870 additional Common Shares disclosed in the Form 4 filing.

What are the terms of the Leef Brands (LEEEF) warrants acquired by the CEO?

The warrants give the CEO the right to buy Common Shares at $0.30. He acquired 135,870 Warrants on May 18, 2026, each for one Common Share, with an exercise date of September 16, 2026 and an expiration date of May 15, 2028.

Did the Leef Brands (LEEEF) CEO sell any shares in this Form 4 filing?

No sales were reported by the Leef Brands CEO in this filing. The transaction summary shows two buy transactions totaling 271,740 shares, with buyShares at 271,740 and sellShares at 0, resulting in a net-buy direction for this Form 4.

How many Leef Brands (LEEEF) warrants does the CEO hold after the Form 4 transactions?

Following the derivative transaction, the CEO directly holds 151,870 Warrants. The Form 4 indicates a warrant purchase of 135,870 units on May 18, 2026, and lists total shares following that transaction at 151,870 for the warrant position.