Jefferson Gramm - Sep 10, 2021 Form 3 Insider Report for INNOVATIVE FOOD HOLDINGS INC (IVFH)

Role
Director
Signature
/s/ Jefferson Gramm
Stock symbol
IVFH
Transactions as of
Sep 10, 2021
Transactions value $
$0
Form type
3
Date filed
1/28/2022, 03:38 PM
Previous filing
Jun 28, 2021
Next filing
Aug 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding IVFH Common Stock, par value $0.0001 per share 3.13M Sep 10, 2021 By Bandera Master Fund L.P. F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding IVFH Stock Option Sep 10, 2021 Common Stock, par value $0.0001 50K $1.20 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Bandera Master Fund L.P., a Cayman Islands exempted limited partnership ("Bandera Master Fund"), is the record holder of 3,125,000 shares of Common Stock. Bandera Partners LLC, a Delaware limited liability company ("Bandera Partners"), is the investment manager of Bandera Master Fund. Mr. Gramm is Managing Partner, Managing Director and Portfolio Manager of Bandera Partners.
F2 Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Act"), the filing of this Form 3 shall not be deemed an admission by the person reporting on this Form 3 that such person, for purposes of Section 16 of the Act or otherwise, is the beneficial owner of any equity securities that are covered by this Form.
F3 Subject to vesting whereby 25% of the shares subject to the award vested on January 14, 2022, while the remaining 75% will vest quarterly on a prorated basis over the remainder of the 2022 calendar year.