Form 4: Borealis Foods Director Shiv Vikram Khemka Reports New Equity Grant and Ownership Update

Borealis Foods Inc. Director and 10% Owner Shiv Vikram Khemka has reported the acquisition of 20,000 Class A Common Shares through a performance-based restricted stock grant, increasing his total beneficial ownership to 70,000 shares.

Summary

• Shiv Vikram Khemka, a Director and 10% Owner of Borealis Foods Inc. (BRLS), reported a transaction on May 27, 2025.
• The transaction involved the acquisition of 20,000 Class A Common Shares, which represents a grant of performance-based restricted stock under the Company's Equity Incentive Plan.
• Of the granted restricted stock units, 12,500 vested on May 27, 2025.
• An additional 2,500 restricted stock units are scheduled to vest on August 6, 2025, 2,500 on November 6, 2025, and 2,500 on February 6, 2026.
• Following this transaction, Mr. Khemka beneficially owns a total of 70,000 Class A Common Shares.
• This total beneficial ownership consists of 62,500 common shares and 7,500 unvested restricted stock units.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive as it indicates a director's increased stake and alignment with shareholder interests through an equity grant, which is a standard and generally positive compensation mechanism.

Positives

• The grant of performance-based restricted stock aligns the director's interests with the long-term performance of the company.
• Increased beneficial ownership by a director and 10% owner can signal confidence in the company's future.

Future Outlook

The future outlook for Shiv Vikram Khemka's ownership includes the vesting of an additional 7,500 restricted stock units in three tranches over the next year, contingent on continued performance or service as per the equity plan.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically an equity grant, which is a common practice in corporate compensation structures across various industries to incentivize and retain key personnel.

Stakeholder Impact

• Shareholders: The grant of equity to a director aligns their interests with those of the shareholders, potentially leading to better long-term decision-making focused on share value.

Next Steps

• Future vesting of 2,500 restricted stock units on August 6, 2025.
• Future vesting of 2,500 restricted stock units on November 6, 2025.
• Future vesting of 2,500 restricted stock units on February 6, 2026.

Key Dates

Keywords

Borealis Foods Inc., BRLS, Shiv Vikram Khemka, Form 4, Insider Transaction, Restricted Stock Units, Equity Incentive Plan, Director Ownership, Stock Grant