[SCHEDULE 13D] SPLASH BEVERAGE GROUP, INC. SEC Filing

Rhea-AI Filing Summary

Splash Beverage Group (SBEV): Schedule 13D filed by Thomas Butler Fore

Thomas Butler Fore reported beneficial ownership tied to 750,000 shares of common stock issuable upon exercise of five-year warrants with an exercise price of $0.80 per share. The filing states this amounts to 23.7% of the Issuer’s 2,414,226 shares outstanding as of October 17, 2025. The reporting person holds sole voting and dispositive power over these securities.

The warrants were received on July 31, 2025 and are held indirectly through TBF Holdings LLC, an entity Mr. Fore controls. The filing notes the SEC’s 60‑day rule for calculating beneficial ownership and states the purpose of the acquisition as exercising control.

Insights

Governance and activism analyst

Large 13D with control purpose; governance implications.

Thomas Butler Fore disclosed a potential stake representing 23.7%, based on 750,000 shares issuable via warrants at $0.80. A Schedule 13D signals an intent beyond passive ownership, and the filing explicitly cites a purpose of exercising control.

The ownership is indirect through TBF Holdings LLC, with sole voting and dispositive power noted. The calculation reflects the SEC’s 60‑day exercisability rule, which can differ from actual outstanding shares.

Any impact depends on holder actions and company responses. Subsequent filings may provide additional details on governance or transactional steps.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

SPLASH BEVERAGE GROUP

(Name of Issuer)

Common Stock, $0.001 par value

(Title of Class of Securities)

84862C302

(CUSIP Number)

Constantine Christakis, Esq.
3001 PGA Blvd., Suite 305
Palm Beach Gardens, FL, 33410
561-686-3307

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

07/31/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 84862C302

1

Name of reporting person

Fore Thomas Butler

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 750,000.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 750,000.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

750,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

23.7 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.001 par value
(b)	Name of Issuer: SPLASH BEVERAGE GROUP
(c)	Address of Issuer's Principal Executive Offices: 1314 E Las Olas Blvd., Suite 221, Ft. Lauderdale, FLORIDA , 33301.
Item 1 Comment: This Schedule 13D relates to the common stock, par value $0.001 per share, of Splash Beverage Group, Inc., a Nevada corporation (the "Issuer"). The Issuer's principal executive offices are located at 1314 E Las Olas Blvd., Suite 221, Ft. Lauderdale, Florida 33301. The shares beneficially owned include shares of common stock issuable upon exercise of warrants issued to the Issuer's officers, directors and certain employees as of July 31, 2025. All of the warrants are fully vested with one exception. The warrants held by the Reporting Person are fully vested. Because of the Rules of the Securities and Exchange Commission, in calculating beneficial ownership, the common stock which could be exercised or converted in 60 days is deemed to be beneficially owned by a person. However, the underlying common stock issuable to other persons is not included in a reporting person's calculations. In this Schedule 13D and others being filed at about the same time, a number of people will each report beneficial ownership over 20%; if they were all aggregated, the beneficial ownership percentage would be reduced. Further if other derivative securities were included and beneficial ownership limitations of certain third parties were disregarded, the percentages reflected in this Schedule 13D would be reduced even further.
Item 2.	Identity and Background
(a)	Thomas Fore
(b)	The address is 1314 E Las Olas Blvd., Suite 221, Ft. Lauderdale, Florida 33301.
(c)	Mr. Fore is a director of Splash Beverage Group, Inc.
(d)	During the past five years the Reporting Persons has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) nor was the Reporting Person a party to a civil proceeding or a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoying future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(e)	During the past five years the Reporting Persons has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoying future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f)	United States.
Item 3.	Source and Amount of Funds or Other Consideration
	On July 31, 2025, the Reporting Person received 750,000 warrants to purchase shares of the Issuer's common stock.
Item 4.	Purpose of Transaction
	The Reporting Person is a director of the Issuer. He acquired all of his securities with the purpose of exercising control.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person beneficially owns indirectly through TBF Holdings LLC, an entity Mr. Fore controls 750,000 shares of common stock issuable upon exercise of five-year warrants to purchase shares of the Issuer's common stock with an exercise price of $0.80 per share. The above number of shares amounts to approximately 23.7% of the 2,414,226 outstanding shares of common stock as of October 17, 2025.
(b)	The Reporting Person has the sole power to vote or to direct the vote, sole power to dispose or to direct the disposition of all shares beneficially owned by the Reporting Person.
(c)	Except as described in this Schedule 13D under Item 3 above, the Reporting Person did not engage in any transactions in shares of the Company's common stock during the past 60 days.
(d)	Not applicable.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Not applicable.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fore Thomas Butler

Signature:	/s/ Thomas Butler Fore
Name/Title:	Thomas Butler Fore, individually
Date:	10/31/2025

FAQ

What did SBEV disclose in this Schedule 13D?

Thomas Butler Fore reported beneficial ownership of 750,000 shares issuable upon warrant exercise, representing 23.7% based on shares outstanding.

How many Splash Beverage Group (SBEV) shares does the filing reference?

The filing references 750,000 shares of common stock issuable upon exercise of warrants.

What percentage of SBEV does 750,000 shares represent?

It represents 23.7% of 2,414,226 shares outstanding as of October 17, 2025.

What are the key terms of the warrants disclosed?

They are five-year warrants with an exercise price of $0.80 per share, received on July 31, 2025.

How is the ownership in SBEV held by the reporting person?

Indirectly through TBF Holdings LLC, which Mr. Fore controls, with sole voting and dispositive power.

What is the stated purpose of the transaction in the 13D?

The filing states the purpose as exercising control.