Form 4: BARFRESH CEO Delle Coste Boosts Stake with Convertible Note
Insider Ownership Report
BARFRESH Food Group CEO Riccardo Delle Coste reported significant beneficial ownership changes, including the acquisition of a convertible note and warrants.
Summary
- Riccardo Delle Coste, CEO, Director, and 10% Owner of BARFRESH FOOD GROUP INC. (BRFH), reported changes in his beneficial ownership.
- Direct ownership of Common Stock totals 87,614 shares.
- Indirect ownership of Common Stock includes 6,782 shares via the Delle Coste Family Trust and 1,642,022 shares via RD Capital Holdings Pty Ltd.
- Acquired a 10% Series A convertible note on March 23, 2026, with a conversion price of $2.9, for a price of $30,000, convertible into 10,345 shares of Common Stock.
- Acquired Series R Warrants (right to buy) on March 23, 2026, with an exercise price of $3.2, for 9,375 shares of Common Stock. These warrants were included with the purchase of the convertible notes.
- Holds ten distinct stock option grants, each for 19,231 shares of Common Stock, with various exercise prices ranging from $1.33 to $9.36 and expiration dates between 2026 and 2033.
Sentiment
Score: 7
Explanation: StockSavvy.ai views this as a moderately positive signal, as significant insider buying by the CEO and a major shareholder typically indicates strong confidence in the company's future performance and valuation.
Positives
- The CEO, a Director, and 10% owner, Riccardo Delle Coste, increased his beneficial ownership through the acquisition of a convertible note and warrants, signaling confidence in the company's future.
- The acquisition of a $30,000 convertible note and associated warrants demonstrates a direct financial commitment from top management.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that insider purchases, particularly by a CEO who is also a significant owner, are often interpreted by the market as a strong signal of management's confidence in the company's future prospects and valuation. This activity can sometimes precede positive operational developments or a re-rating of the stock.
Related Party Transactions
- Riccardo Delle Coste's indirect ownership through the Delle Coste Family Trust.
- Riccardo Delle Coste's indirect ownership through RD Capital Holdings Pty Ltd.
Stakeholder Impact
- Shareholders: Increased confidence due to insider buying, potentially signaling undervaluation or strong future prospects.
- Management: The CEO's increased stake aligns his interests more closely with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/27/2018 | Date exercisable for stock option with $9.36 strike price, expires 12/31/2026. |
| 09/15/2018 | Date exercisable for stock option with $7.15 strike price, expires 12/31/2026. |
| 07/26/2019 | Date exercisable for stock option with $6.76 strike price, expires 12/31/2026. |
| 05/20/2020 | Date exercisable for stock option with $5.85 strike price, expires 05/20/2027. |
| 04/25/2021 | Date exercisable for stock option with $4.94 strike price, expires 04/25/2028. |
| 04/27/2022 | Date exercisable for stock option with $5.72 strike price, expires 04/27/2029. |
| 04/27/2023 | Date exercisable for stock option with $6.79 strike price, expires 04/27/2030. |
| 04/27/2024 | Date exercisable for stock option with $1.33 strike price, expires 04/27/2031. |
| 04/29/2025 | Date exercisable for stock option with $1.57 strike price, expires 04/29/2032. |
| 03/23/2026 | Transaction date for 10% Series A convertible note and Series R Warrant acquisition. |
| 03/23/2026 | Date exercisable for 10% Series A convertible note and Series R Warrant. |
| 03/27/2026 | Signature date of Reporting Person. |
| 04/25/2026 | Date exercisable for stock option with $2.76 strike price, expires 04/25/2033. |
| 12/31/2026 | Expiration date for several stock options. |
| 05/20/2027 | Expiration date for a stock option. |
| 03/23/2028 | Expiration date for 10% Series A convertible note. |
| 04/25/2028 | Expiration date for a stock option. |
| 04/27/2029 | Expiration date for a stock option. |
| 03/23/2030 | Expiration date for Series R Warrant. |
| 04/27/2030 | Expiration date for a stock option. |
| 04/27/2031 | Expiration date for a stock option. |
| 04/29/2032 | Expiration date for a stock option. |
| 04/25/2033 | Expiration date for a stock option. |
Keywords
BARFRESH Food Group, BRFH, Riccardo Delle Coste, Form 4, insider ownership, beneficial ownership, convertible note, warrants, stock options, CEO, director, 10% owner
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