Splash Beverage (NYSE: SBEV) COO receives 800,000 fully vested options at $0.25

Rhea-AI Filing Summary

SPLASH BEVERAGE GROUP, INC. granted Chief Operating Officer Michael Breen non-qualified stock options for 800,000 shares of common stock at an exercise price of $0.25 per share. The options are fully vested, board-approved under the 2025 Equity Incentive Plan, and expire on June 8, 2036.

This is a compensation-related award rather than an open‑market stock purchase or sale, and leaves Breen holding 800,000 options following the grant.

Insights

Equity Compensation Analyst

COO receives 800,000 fully vested options as routine equity compensation.

Chief Operating Officer Michael Breen received a grant of non-qualified stock options for 800,000 shares of common stock at an exercise price of $0.25 per share, expiring on June 8, 2036. The options were approved by the board under the 2025 Equity Incentive Plan and are fully vested.

This transaction is categorized as a grant or award acquisition under Section 16 rules, not an open-market trade. It increases Breen’s potential equity exposure but does not involve immediate cash outlay or market buying/selling. From an investment thesis perspective, it appears to be standard executive compensation.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Bondurant Michael Breen

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Options (Right to Buy)	800,000	$0.00	$0.00

Holdings After Transaction: Stock Options (Right to Buy) — 800,000 shares (Direct)

Footnotes (1)

1. F1. The grant of the Issuer's non-qualified stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The options were granted under the Issuer's 2025 Equity Incentive Plan and the exercisability of the options is subject to execution of the Issuer's standard form of Stock Option Agreement. The options are fully vested.

Key Figures

Options granted: 800,000 options Exercise price: $0.25 per share Underlying shares: 800,000 shares +2 more

5 metrics

Options granted 800,000 options Non-qualified stock options granted to COO

Exercise price $0.25 per share Strike price for options on common stock

Underlying shares 800,000 shares Common stock underlying the options

Post-transaction options held 800,000 options Total options held after grant

Option expiration June 8, 2036 Expiration date of the granted options

Key Terms

non-qualified stock options, Section 16(b), Rule 16b-3, 2025 Equity Incentive Plan, +1 more

5 terms

non-qualified stock options financial

"The grant of the Issuer's non-qualified stock options was exempt from Section 16(b)..."

Non-qualified stock options are a type of employee benefit that gives individuals the right to buy company shares at a set price, usually lower than the market value, within a certain period. Unlike other options that may have special tax advantages, these options are taxed as income when exercised, which can affect how much money the employee or investor ultimately gains. They are important because they can influence company compensation strategies and impact the financial outcomes for employees and investors.

Section 16(b) regulatory

"The grant of the Issuer's non-qualified stock options was exempt from Section 16(b)..."

A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.

Rule 16b-3 regulatory

"by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board..."

Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.

2025 Equity Incentive Plan financial

"The options were granted under the Issuer's 2025 Equity Incentive Plan..."

Stock Option Agreement financial

"subject to execution of the Issuer's standard form of Stock Option Agreement."

A stock option agreement is a formal contract that gives an individual the right to buy or sell a specific number of shares of a company's stock at a set price within a certain period. For investors, it’s an important tool because it can provide opportunities to profit from stock price movements or to protect against potential losses, making it a key element in financial planning and investment strategies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/15/2026 - 04:31 PM Accepted by SEC EDGAR 06/15/2026 - 04:30 PM Learn about SEC filing dates

FAQ

What did SPLASH BEVERAGE GROUP (SBEV) COO Michael Breen receive in this Form 4?

Michael Breen received a grant of non-qualified stock options for 800,000 shares of common stock at an exercise price of $0.25 per share. The award represents equity-based compensation rather than an open-market stock purchase or sale.

Are the SBEV stock options granted to Michael Breen already vested?

Yes, the options granted to Michael Breen are fully vested according to the disclosure. This means he can choose to exercise the options at the stated $0.25 per-share exercise price anytime before they expire, subject to the option agreement.

When do Michael Breen’s SPLASH BEVERAGE GROUP stock options expire?

The non-qualified stock options granted to Michael Breen expire on June 8, 2036. He may exercise them at $0.25 per share up to that expiration date, as long as he complies with the issuer’s standard Stock Option Agreement.

Under which plan were the SBEV options to Michael Breen granted?

The options were granted under SPLASH BEVERAGE GROUP’s 2025 Equity Incentive Plan. This plan provides a framework for equity-based compensation awards, including non-qualified stock options like those granted to Chief Operating Officer Michael Breen in this Form 4.

How many SBEV options does Michael Breen hold after this transaction?

Following this grant, Michael Breen holds 800,000 stock options according to the filing. These options give him the right to buy 800,000 shares of SPLASH BEVERAGE GROUP common stock at an exercise price of $0.25 per share.

Is Michael Breen’s SBEV Form 4 transaction an open-market trade?

No, the Form 4 records a grant of stock options as compensation, not an open-market stock trade. The transaction is coded as a grant or award acquisition and does not reflect Breen buying or selling SBEV shares in the market.

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^*

Bondurant Michael Breen

(Last) (First) (Middle)

1112 NORTH FLAGLER DRIVE

(Street)

FORT LAUDERDALE FLORIDA 33304

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SPLASH BEVERAGE GROUP, INC. [ SBEV ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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 Options (Right to Buy)(1)	$0.25	06/08/2026		A		800,000		(1)	06/08/2036	Common Stock	800,000	(1)	800,000	D

Explanation of Responses:

1. The grant of the Issuer's non-qualified stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The options were granted under the Issuer's 2025 Equity Incentive Plan and the exercisability of the options is subject to execution of the Issuer's standard form of Stock Option Agreement. The options are fully vested.

	/s/ Michael Bondurant	06/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)