SAB Biotherapeutics (SABS) director gets 150,000 options at $3.99

Rhea-AI Filing Summary

SAB Biotherapeutics, Inc. reported an insider equity award for director Katie Ellias. She received a stock option to buy 150,000 shares of common stock at an exercise price of $3.99 per share, dated December 16, 2025, under the company’s 2021 Omnibus Equity Incentive Plan. The grant is described as her 2025 annual award for service on the Board of Directors.

The shares underlying the option vest in two equal annual installments on December 16, 2026 and December 16, 2027, and the option expires on December 16, 2035. Following this grant, she beneficially owns 150,000 derivative securities directly, all tied to this stock option award.

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

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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^*

Ellias Helen K.

(Last) (First) (Middle)

777 W 41ST STREET, SUITE 401

(Street)

MIAMI BEACH FL 33140

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SAB Biotherapeutics, Inc. [ SABS ]

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)
12/16/2025

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)(2)	$3.99	12/16/2025		A		150,000		(1)	12/16/2035	Common Stock	150,000	$0	150,000	D

Explanation of Responses:

1. Represents the 2025 annual grant to the Reporting Person as a member of the Board of Directors of the Issuer. Shares underlying the option vest in two equal annual installments on December 16, 2026 and December 16, 2027.

2. This award was made pursuant to the Issuer's 2021 Omnibus Equity Incentive Plan, as amended.

	/s/ Katie Ellias	12/18/2025
	** 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 equity award was reported for SAB Biotherapeutics (SABS)?

A director of SAB Biotherapeutics, Inc. received a stock option covering 150,000 shares of common stock at an exercise price of $3.99 per share.

Who received the 150,000 SAB Biotherapeutics (SABS) stock options and in what role?

Katie Ellias, a director of SAB Biotherapeutics, received the option grant as her 2025 annual Board compensation award.

When do the new SAB Biotherapeutics (SABS) stock options vest?

The 150,000-share option vests in two equal annual installments on December 16, 2026 and December 16, 2027.

What is the expiration date of the SAB Biotherapeutics (SABS) director stock option grant?

The stock option granted to the director expires on December 16, 2035, giving a 10-year term from the grant date of December 16, 2025.

Under which plan was the SAB Biotherapeutics (SABS) option grant made?

This award was granted under SAB Biotherapeutics’ 2021 Omnibus Equity Incentive Plan, as amended.

How many SAB Biotherapeutics (SABS) derivative securities does the director own after this grant?

After the reported transaction, the director beneficially owns 150,000 derivative securities, all related to this stock option award, held directly.