Splash Beverage Group director reports 750,000 fully vested warrants

Rhea-AI Filing Summary

Splash Beverage Group (SBEV) insider Thomas Butler Fore, a Director and 10% Owner, reported acquiring warrants to purchase 750,000 shares of common stock at an exercise price of $0.80 per share on 07/31/2025. The warrants are fully vested and expire on 07/31/2030.

The filing shows 750,000 derivative securities beneficially owned following the transaction, held indirectly through TBF Holdings LLC, an entity Fore controls. The grant was approved by the Board of Directors and was stated as exempt under Rule 16b-3 of the Exchange Act.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Fore Thomas Butler

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Grant/Award	Warrants	750,000	$0.00	--

Holdings After Transaction: Warrants — 750,000 shares (Indirect, By TBF Holdings LLC)

Footnotes (1)

1. The grant of the Issuer's warrants 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 warrants are fully vested. TBF Holdings LLC is an entity which the Reporting Person controls.

Form 4 Insider Transactions: What Each Field Means →

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^*

Fore Thomas Butler

(Last) (First) (Middle)

1314 E LAS OLAS BLVD

SUITE 221

(Street)

FORT LAUDERDALE FL 33301

(City) (State) (Zip)

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

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)
07/31/2025

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
Warrants(1)	$0.8	07/31/2025		A		750,000		07/31/2025	07/31/2030	Common Stock	750,000	(1)	750,000	I	By TBF Holdings LLC(2)

Explanation of Responses:

1. The grant of the Issuer's warrants 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 warrants are fully vested.

2. TBF Holdings LLC is an entity which the Reporting Person controls.

	/s/ Thomas Butler Fore	10/31/2025
	** 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 SBEV insider Thomas Butler Fore report on Form 4?

He reported acquiring warrants to purchase 750,000 shares of common stock.

What is the exercise price and expiration of the SBEV warrants?

The exercise price is $0.80 per share and the warrants expire on 07/31/2030.

When did the reported SBEV transaction occur?

The transaction date was 07/31/2025.

How many derivative securities are owned after the transaction?

The filing lists 750,000 derivative securities beneficially owned following the transaction.

How are the SBEV warrants held by the reporting person?

They are held indirectly through TBF Holdings LLC, which the reporting person controls.

Was the SBEV warrant grant exempt under SEC rules?

Yes. It was stated as exempt under Rule 16b-3 and approved by the Board of Directors.