Douglas Beck at SHF Holdings (SHFS) granted 45,875 stock options after $4M financing

Rhea-AI Filing Summary

SHF Holdings, Inc. reported that PAO SVP of Finance Controller Douglas Beck received a grant of stock options covering 45,875 shares of common stock at an exercise price of $2.40 per share. The options were granted on August 7, 2025 and were subject to a financing vesting condition tied to an equity financing that generated at least $4 million in gross proceeds for the company. This condition was met on September 30, 2025, causing the options to vest 100% on that date. Following this compensation-related award, Beck holds 45,875 stock options directly, with an expiration date of August 7, 2035. The filing notes the transaction was reported late due to an administrative oversight.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider BECK DOUGLAS

Role PAO SVP of Finance Controller

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	45,875	$0.00	$0.00

Holdings After Transaction: Stock Option (Right to Buy) — 45,875 shares (Direct)

Footnotes (2)

1. F1. This transaction is being reported late due to an inadvertent administrative oversight.
2. F2. The Reporting Person received the stock option award on August 7, 2025. The stock option would vest 100% upon the successful completion by SHF Holdings, Inc. (the "Issuer") of an equity financing that resulted in gross proceeds to the Issuer of at least $4 million (the "Financing Vesting Condition"). The Financing Vesting Condition was satisfied on September 30, 2025 and the stock option vested 100% on that date.

Key Figures

Stock options granted: 45,875 options Exercise price: $2.40 per share Total options after grant: 45,875 options +3 more

6 metrics

Stock options granted 45,875 options Grant to Douglas Beck tied to equity financing

Exercise price $2.40 per share Stock option strike price

Total options after grant 45,875 options Total derivative holdings following transaction

Financing vesting threshold $4 million gross proceeds Equity financing condition for 100% vesting

Vesting date September 30, 2025 Date financing condition was satisfied and options vested

Expiration date August 7, 2035 Option term end date

Key Terms

Stock Option (Right to Buy), Financing Vesting Condition, equity financing, gross proceeds

4 terms

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)""

Financing Vesting Condition financial

"The stock option would vest 100% upon the successful completion ... (the "Financing Vesting Condition")."

equity financing financial

"completion by SHF Holdings, Inc. ... of an equity financing that resulted in gross proceeds"

Equity financing is when a company raises money by selling ownership pieces (shares) to investors instead of borrowing; think of selling slices of a pie to get cash for the business. It matters to investors because buying shares gives them a claim on future profits and a voice in decisions, while existing owners give up some control and the value of each slice can change as the company grows or falters.

gross proceeds financial

"equity financing that resulted in gross proceeds to the Issuer of at least $4 million"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

FAQ

What insider transaction did SHF Holdings (SHFS) report for Douglas Beck?

Douglas Beck received a grant of stock options for 45,875 shares of SHF Holdings common stock. The options are compensation-related, giving him the right to buy shares at a fixed exercise price if exercised before expiration.

What is the exercise price and size of Douglas Beck’s SHFS stock option award?

The stock option grant covers 45,875 shares of SHF Holdings common stock at an exercise price of $2.40 per share. This price is the amount payable per share if Beck chooses to exercise the options in the future.

When did Douglas Beck’s SHF Holdings stock options vest and when do they expire?

The options vested 100% on September 30, 2025, after a specified financing condition was met. They are scheduled to expire on August 7, 2035, providing roughly a decade-long window in which they may be exercised.

What financing condition triggered the vesting of Douglas Beck’s SHFS options?

The options would vest upon SHF Holdings completing an equity financing that generated at least $4 million in gross proceeds. This “Financing Vesting Condition” was satisfied on September 30, 2025, at which point the entire option award vested.

Did Douglas Beck buy or sell SHF Holdings shares in the market in this Form 4?

The Form 4 shows a grant of stock options as compensation, coded as an acquisition (A), not an open-market purchase or sale. It reflects an award of rights to buy shares, rather than immediate trading in SHF Holdings stock.

Why does the SHF Holdings Form 4 mention a late filing for Douglas Beck’s transaction?

The filing states the transaction was reported late due to an inadvertent administrative oversight. This indicates the company attributes the delay to an administrative error rather than to an intentional attempt to conceal the stock option grant.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 05/08/2026 - 09:56 PM Learn about SEC filing dates

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^*

BECK DOUGLAS

(Last) (First) (Middle)

1526 COLE BLVD,

SUITE 250

(Street)

GOLDEN COLORADO 80401

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SHF Holdings, Inc. [ SHFS ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	PAO SVP of Finance Controller

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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 Option (Right to Buy)	$2.4	09/30/2025(1)(2)		A		45,875		09/30/2025	08/07/2035	Common Stock	45,875	$0	45,875	D

Explanation of Responses:

1. This transaction is being reported late due to an inadvertent administrative oversight.

2. The Reporting Person received the stock option award on August 7, 2025. The stock option would vest 100% upon the successful completion by SHF Holdings, Inc. (the "Issuer") of an equity financing that resulted in gross proceeds to the Issuer of at least $4 million (the "Financing Vesting Condition"). The Financing Vesting Condition was satisfied on September 30, 2025 and the stock option vested 100% on that date.

	/s/ Douglas Beck	05/08/2026
	** 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)