Tyler Beuerlein - Dec 31, 2023 Form 5 Insider Report for SHF Holdings, Inc. (SHFS)

Role: Chief Business Develop Officer
Signature: /s/ Tyler Beuerlein
Stock symbol: SHFS
Transactions as of: Dec 31, 2023
Transactions value $: -$8,808
Form type: 5
Date filed: 12/27/2024, 05:25 PM
Previous filing: Oct 7, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHFS	Class A Common Stock	Award	$0	+117K	+50%	$0.00	350K	May 9, 2023	Direct	F1, F2
transaction	SHFS	Class A Common Stock	Options Exercise	$0	+19.6K	+5.6%	$0.00	370K	Dec 31, 2023	Direct	F1, F2
transaction	SHFS	Class A Common Stock	Tax liability	-$8.81K	-6.2K	-1.68%	$1.42	363K	Dec 31, 2023	Direct	F1

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	SHFS	Restricted Stock Units	Award	$0	+58.8K		$0.00	58.8K	Jan 10, 2023	Class A Common Stock	58.8K		Direct	F3, F4
transaction	SHFS	Restricted Stock Units	Options Exercise	$0	-19.6K	-33.33%	$0.00	39.2K	Dec 31, 2023	Class A Common Stock	19.6K		Direct	F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes incentive stock options to purchase 233,334 shares of the Issuer's Class A Common Stock, which options expire ten years from October 4, 2022 (the grant date of such options) and have an exercise price per share equal to $6.67. 33% of the options vested on October 4, 2022, 33% of the options vested on October 4, 2023, and the remaining options shall vest on October 4, 2024. The Reporting Person is subject to a lockup agreement with the Issuer regarding the shares underlying these incentive stock options.
F2	The reported transaction involved the Reporting Person's receipt of 116,667 restricted stock units under the Issuer's 2022 Equity Incentive Plan, all of which vested immediately upon issuance.
F3	The restricted stock units issued to the Reporting Person convert into shares of Class A Common Stock on a one-for-one basis.
F4	On January 10, 2023, the Reporting Person was granted 58,800 restricted stock units under the Issuer's 2022 Equity Incentive Plan, which vest in three equal, annual installments beginning on December 31, 2023.