Brady Smallwood - Jul 7, 2023 Form 4 Insider Report for INNOVATIVE FOOD HOLDINGS INC (IVFH)

Role
Chief Operating Officer, Director
Signature
/s/ Brady Smallwood
Stock symbol
IVFH
Transactions as of
Jul 7, 2023
Transactions value $
$0
Form type
4
Date filed
7/11/2023, 04:03 PM
Previous filing
May 24, 2023
Next filing
Aug 21, 2023

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
transaction IVFH Stock Appreciation Rights Award $0 +1.5M $0.00 1.5M Jul 7, 2023 Common Stock 1.5M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 7, 2023, the Reporting Person was granted 1,500,000 fully vested Stock Appreciation Rights ("SARs"). The exercise price per SAR is $2.00 with respect to 750,000 SARs and $1.50 with respect to 750,000 SARs. Upon exercise, the SARs may be settled in cash, in shares of the Issuer's common stock, or in some combination thereof.