Laird Superfood Form 4: Geoffrey Barker Gains Additional Equity

Rhea-AI Filing Summary

Form 4 snapshot: On 26 June 2025, Laird Superfood (LSF) director Geoffrey T. Barker received 8,716 restricted stock units (RSUs) at a grant/reference price of $6.31 per share under the company’s 2020 Omnibus Incentive Plan. The RSUs will vest in full on 26 June 2026 provided Barker continues to serve the company.

After the award, Barker’s direct beneficial ownership increased to 207,773 common shares. No open-market purchase or sale of cash-settled stock occurred; the filing records equity-based compensation intended to strengthen director-shareholder alignment.

Positive

• Director’s stake increases to 207,773 shares, modestly enhancing alignment with shareholders
• Equity grant uses RSUs, which are less dilutive than options and vest based on continued service

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine RSU grant; negligible market impact, mild governance positive.

The RSU award adds roughly $55k of paper value (8,716 × $6.31) to Barker’s stake, lifting his holdings to 207,773 shares. Because the grant vests over one year and involves no cash outlay, it does not signal insider buying conviction. Nevertheless, the increase aligns the director’s incentives with shareholders. From a liquidity and valuation standpoint, the transaction is immaterial to LSF’s float and should not affect near-term trading dynamics.

Corporate Governance Expert

TL;DR: Grant supports retention, standard for small-cap incentive plans.

The single-year vesting schedule encourages Barker’s continued board service during a critical period for LSF’s strategic execution. The use of RSUs (rather than options) limits dilution and ties value directly to share price, a governance-friendly structure. No red flags emerge, but the event is ordinary-course for board compensation and carries minimal strategic weight.

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^*

Barker Geoffrey T

(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	207,773	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

What did Laird Superfood (LSF) disclose in this Form 4?

Director Geoffrey T. Barker was granted 8,716 RSUs on 26 Jun 2025, raising his direct holdings to 207,773 shares.

Was there any open-market buying or selling by the director?

No. The filing reports a restricted stock unit grant, not a cash transaction in the market.

When will the new RSUs granted to Barker vest?

They will vest in full on 26 June 2026, contingent on Barker’s continued service.

How much is the RSU award worth at the reference price?

At $6.31 per share, the grant is valued at approximately $55,000.

Does this filing materially affect LSF’s share count?

The 8,716-share grant is immaterial relative to LSF’s total shares outstanding and should have negligible dilution impact.