LM Funding America Insider Grant: 104,760 Options, $1.26 Strike

Rhea-AI Filing Summary

Form 4 for LM Funding America, Inc. (LMFA) reports an option grant to reporting person Carollinn Gould, who is identified as a director and 10% owner. On 08/27/2025 the reporting person was granted a nonqualified stock option to purchase 104,760 shares of common stock at an exercise price of $1.26 per share. The option expires on 08/27/2035. Per the explanation, the award vests one-half on the 180th day after grant and one-half on the first anniversary of the grant date. The Form is signed by Carollinn Gould on 08/28/2025.

Positive

• Grant disclosed promptly: Form 4 reports the option grant and is signed on 08/28/2025
• Clear vesting schedule: One-half vests at 180 days and one-half at the first anniversary
• Defined option terms: 104,760 options, $1.26 exercise price, expiration 08/27/2035
• Identified reporting person roles: Reporting person is listed as a Director and 10% Owner

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine director option grant of 104,760 shares at $1.26, standard multi-year vesting and a 10-year term, appears to be a compensation award.

The grant quantity of 104,760 options and the $1.26 exercise price are explicitly reported, with vesting split into two equal tranches: one-half at 180 days and one-half at the first anniversary. The option term extends to 08/27/2035. As filed on Form 4, this is a disclosure of insider compensation rather than an open-market transaction. The filing identifies the reporting person as a director and a 10% owner, which is important for Section 16 reporting obligations.

Corporate Governance Expert

TL;DR: Director compensation disclosed via option award with time-based vesting; consistent with non-employee director plans.

The explanation states the award was made under the Non-Employee Director Compensation Plan as amended November 18, 2022, and specifies vesting milestones: one-half at 180 days and one-half at the first anniversary. The filing documents compliance with Section 16 reporting by timely disclosing the grant on Form 4 and includes a manual signature dated 08/28/2025. No other governance actions or amendments are disclosed in this form.

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^*

Gould Carollinn

(Last) (First) (Middle)

1200 PLATT STREET

SUITE 100

(Street)

TAMPA FL 33605

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2025

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)	$1.26	08/27/2025		A		104,760		(1)	08/27/2035	Common Stock	104,760	$0	104,760	D

Explanation of Responses:

1. Option awards to purchase shares of common stock were granted under the Non-Employee Director Compensation Plan, as amended on November 18, 2022. Shares subject to the options will vest as to one-half on the 180th day after the grant date and as to one-half on the date that is the first anniversary of the grant date.

	/s/ Carollinn Gould	08/28/2025
	** 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 insider transaction did LMFA report on the Form 4?

The Form 4 reports a grant of a stock option to Carollinn Gould for 104,760 shares with an exercise price of $1.26 on 08/27/2025.

When do the options granted to Carollinn Gould vest and expire?

Per the filing, the options vest one-half on the 180th day after the grant and one-half on the first anniversary of the grant; the options expire on 08/27/2035.

Under what plan were the options granted?

The options were granted under the Non-Employee Director Compensation Plan, as amended on November 18, 2022, according to the filing.

What roles does the reporting person hold at LM Funding America, Inc.?

The Form 4 identifies Carollinn Gould as a Director and a 10% Owner of the issuer.

When was the Form 4 signed by the reporting person?

The Form 4 bears the signature of Carollinn Gould dated 08/28/2025.