SCHEDULE: Leef Brands CEO Boosts Stake to 12.2% in Key Disclosure

Micah Payne Anderson, CEO of Leef Brands Inc., has increased his beneficial ownership in the company to 12.2% through a series of acquisitions and conversions.

Summary

• Micah Payne Anderson, Chairman of the Board, Chief Executive Officer, and President of Leef Brands Inc., beneficially owns 32,407,566 Common Shares.
• This ownership represents approximately 12.2% of the total 266,227,997 Common Shares outstanding as of March 26, 2026.
• Shares were acquired through various transactions including initial consideration for acquisitions (Leef Holdings, Inc., The Leaf at El Paseo, Anderson Development SB, LLC, Aya Biosciences Inc.), conversion of debt obligations and debentures, conversion of restricted stock units, a private investment in public equity (PIPE) financing, the company's long-term incentive equity program, and open market purchases.
• Mr. Anderson also has the right to acquire an additional 16,000 Common Shares upon warrant exercise and 4,289,243 Common Shares upon settlement of vested restricted stock units within the next 60 days.
• The purpose of these acquisitions is stated as being in connection with his employment relationship with the Company and for investment purposes.
• Mr. Anderson may acquire or dispose of additional Common Shares in the future, but currently has no other plans for extraordinary corporate transactions, changes in management, capitalization, or corporate structure.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive indicator due to the significant increase in insider ownership by the CEO, suggesting strong confidence in the company's long-term value and strategic direction.

Positives

• Increased beneficial ownership by the CEO, Micah Payne Anderson, signals strong insider confidence in the company's future prospects.
• The diverse methods of share acquisition, including earnouts, debt conversions, and long-term incentive programs, indicate a deep and varied commitment to the company's success.
• The CEO's stated purpose for holding shares includes investment purposes, aligning his financial interests with those of other shareholders.

Future Outlook

Micah Payne Anderson may acquire additional Common Shares from time to time in open market or private transactions, or may decrease his beneficial holdings, subject to applicable securities law restrictions. No other specific plans or proposals regarding extraordinary corporate transactions, changes in management, capitalization, or corporate structure are currently in place.

Management Comments

• Mr. Anderson acquired the Common Shares held by him in connection with his employment relationship with the Company and for investment purposes.

Industry Context

StockSavvy.ai notes that increased insider ownership, especially by a CEO, often signals strong confidence in the company's future. This is particularly relevant in the evolving cannabis industry, where strategic acquisitions and debt conversions, as seen in Mr. Anderson's share accumulation, are common mechanisms for growth and capital management.

Related Party Transactions

• 500,861 Common Shares are held of record by the Anderson Trust dated November 14, 2014, of which Mr. Anderson is the trustee.
• 4,899,984 Common Shares are held of record by MPA Legacy Holdings, Inc., of which Mr. Anderson is the sole shareholder and exercises control.
• 8,169,623 Common Shares are held of record by Little Ry Holdings, of trust of which Mr. Anderson is the trustee.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive sign of management's commitment and belief in the company's future, potentially fostering greater investor confidence.

Next Steps

• Micah Payne Anderson may acquire or dispose of additional Common Shares in open market or private transactions.

Key Dates

Recommendation

The significant increase in beneficial ownership by CEO Micah Payne Anderson, primarily through various acquisition-related share issuances and debt conversions, signals strong insider confidence in Leef Brands Inc.'s long-term prospects. While this is a positive indicator, a Schedule 13D filing primarily discloses ownership and does not provide comprehensive financial performance data to warrant an immediate 'buy' recommendation without further due diligence. Therefore, a 'hold' recommendation is appropriate, suggesting investors maintain their current positions while monitoring future developments.

Keywords

Leef Brands Inc., Micah Payne Anderson, Schedule 13D, beneficial ownership, cannabis industry, CEO, insider ownership, equity, warrants, restricted stock units, acquisitions