[Form 4] Laird Superfood, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Laird Superfood (NYSE:LSF) filed a Form 4 disclosing that Director Maile Naylor received 8,716 restricted stock units (RSUs) on 26-Jun-2025 at an assigned price of $6.31 per share. The award, issued under the company’s 2020 Omnibus Incentive Plan, will vest in full on 26-Jun-2026, contingent upon continued service. Following the grant, Naylor’s direct beneficial ownership stands at 120,523 shares, representing roughly a 7 % increase in her stake. No open-market purchase occurred; the filing reflects routine director compensation rather than cash investment.

Positive

• Director Maile Naylor was granted 8,716 RSUs, raising her direct ownership to 120,523 shares—a roughly 7 % increase, which strengthens insider alignment.

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Routine RSU grant modestly raises insider stake, neutral market effect.

The Form 4 shows a standard board compensation grant: 8,716 RSUs valued near $55 k, vesting after one year. Shares are not issued until settlement, so immediate dilution and cash impact are nil. Post-grant holdings of 120,523 shares improve director-shareholder alignment but do not signal incremental insider conviction, as no open-market buying occurred. Given the modest size and compensatory nature, the disclosure is neutral for valuation and liquidity.

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
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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^*

Naylor Maile

(Last) (First) (Middle)

5303 SPINE ROAD

SUITE 204

(Street)

BOULDER CO 80301

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Laird Superfood, Inc. [ LSF ]

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)
06/26/2025

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
Common Stock	06/26/2025		A		8,716(1)	A	$6.31	120,523	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. Represents shares of common stock, par value $0.001 per share, issuable upon settlement of restricted stock units (the "RSUs") granted by Laird Superfood, Inc. (the "Issuer") pursuant to the Laird Superfood, Inc. 2020 Omnibus Incentive Plan, as amended, to the reporting person. The RSUs will vest in full on June 26, 2026, provided that the reporting person is providing certain services to the Issuer through such date.

	/s/ Anya Hamill as Attorney-in-Fact	06/27/2025
	** 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

How many LSF shares did Director Maile Naylor acquire on June 26, 2025?

The Form 4 reports the acquisition of 8,716 restricted stock units (RSUs).

What is the vesting schedule for the RSUs granted to LSF’s director?

All RSUs will vest on June 26, 2026, provided the director remains in service through that date.

What is Maile Naylor’s total LSF share ownership after the transaction?

Following the grant, Naylor beneficially owns 120,523 shares of Laird Superfood common stock.

At what reference price were the RSUs valued in this grant?

The filing lists a price of $6.31 per share for the 8,716 RSUs awarded.

Was this an open-market purchase or a compensation grant?

The shares were awarded as restricted stock units under the 2020 Omnibus Incentive Plan; no open-market purchase occurred.