Terrance Elliot Mendez - 21 Jan 2025 Form 3 Insider Report for SHF Holdings, Inc. (SHFS)

Role: Co-Chief Executive Officer
Signature: /s/ Terrance Mendez
Issuer symbol: SHFS
Transactions as of: 21 Jan 2025
Net transactions value: $0
Form type: 3
Filing time: 14 Feb 2025, 17:25:05 UTC
Next filing: 17 Sep 2025
SEC: View on sec.gov

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	SHFS	Incentive Stock Option (right to buy)							21 Jan 2025	Common Stock	654,000	$0.4000	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Incentive stock options to purchase 654,000 shares of the Issuer's Class A Common Stock granted under the Issuer's 2022 Equity Incentive Plan, which options expire 10 years from the grant date. Thirty-three percent (33%) of the options vested on the grant date of January 21, 2025, and the remaining options shall vest in two substantially equal yearly installments on the first and second anniversaries of the grant date. The Reporting Person is subject to a lockup agreement with the Issuer regarding the shares underlying these incentive stock options.

Content

Incentive stock options to purchase 654,000 shares of the Issuer's Class A Common Stock granted under the Issuer's 2022 Equity Incentive Plan, which options expire 10 years from the grant date. Thirty-three percent (33%) of the options vested on the grant date of January 21, 2025, and the remaining options shall vest in two substantially equal yearly installments on the first and second anniversaries of the grant date. The Reporting Person is subject to a lockup agreement with the Issuer regarding the shares underlying these incentive stock options.