LMFA insider award: 114,500 stock options, $1.14 strike

Rhea-AI Filing Summary

Richard D. Russell, Chief Financial Officer of LM Funding America, Inc. (LMFA), reported a grant of 114,500 stock options on 09/30/2025. The options have an exercise price of $1.14 and expire on 09/30/2035. Per the filing, the options will vest one-half on 09/30/2026 and one-half on 09/30/2027, with vesting subject to acceleration upon a Change of Control as defined by the company plan. The options are held directly by the reporting person and the Form 4 was signed on 10/02/2025. The grant was made under the 2021 Omnibus Incentive Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Russell Richard D.

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (right to buy)	114,500	$0.00	--

Holdings After Transaction: Stock Option (right to buy) — 114,500 shares (Direct)

Footnotes (1)

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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).

1. Name and Address of Reporting Person^*

Russell Richard D.

(Last) (First) (Middle)

1200 PLATT STREET

SUITE 100

(Street)

TAMPA FL 33606

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LM FUNDING AMERICA, INC. [ LMFA ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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
Stock Option (right to buy)	$1.14	09/30/2025		A		114,500		(1)	09/30/2035	Common Stock	114,500	$0	114,500	D

Explanation of Responses:

1. Options were granted under the LM Funding America, Inc. 2021 Omnibus Incentive Plan (the "Plan"). Options will vest as to one-half of the option shares on September 30, 2026 and as to one-half of the option shares on September 30, 2027, subject to acceleration of vesting upon a Change of Control (as defined in the Plan).

	/s/ Richard D. Russell	10/02/2025
	** 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 stock-based award did LMFA insider Richard D. Russell receive?

The Form 4 discloses a grant of 114,500 stock options to Richard D. Russell.

What is the exercise price and expiration for the options reported on the Form 4?

The options have an exercise price of $1.14 and an expiration date of 09/30/2035.

When do the options vest according to the filing?

Options vest one-half on 09/30/2026 and one-half on 09/30/2027, with acceleration upon a Change of Control.

What role does the reporting person hold at LMFA?

The reporting person, Richard D. Russell, is identified as an Officer with the title Chief Financial Officer.

When was the Form 4 signed and filed?

The Form 4 shows the reporting person signature dated 10/02/2025 and the transaction date of 09/30/2025.