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

Role: Chief Business Develop Officer
Signature: /s/ Tyler Beuerlein
Issuer symbol: SHFS
Transactions as of: 31 Dec 2023
Net transactions value: -$8,808
Form type: 5
Filing time: 27 Dec 2024, 17:25:04 UTC
Previous filing: 07 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SHFS	Class A Common Stock	Award	$0	+116,666	+50%	$0.000000	350,000	09 May 2023	Direct	F1, F2
transaction	SHFS	Class A Common Stock	Options Exercise	$0	+19,600	+5.6%	$0.000000	369,600	31 Dec 2023	Direct	F1, F2
transaction	SHFS	Class A Common Stock	Tax liability	$8,808	-6,203	-1.7%	$1.42	363,397	31 Dec 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	+58,800		$0.000000	58,800	10 Jan 2023	Class A Common Stock	58,800		Direct	F3, F4
transaction	SHFS	Restricted Stock Units	Options Exercise	$0	-19,600	-33%	$0.000000	39,200	31 Dec 2023	Class A Common Stock	19,600		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.