Karrie Lynn Gibson - 13 Feb 2025 Form 4 Insider Report for YERBAE BRANDS CORP. (YERBF)

Role
COO and CFO, Director, 10%+ Owner
Signature
/s/ Karrie Lynn Gibson
Issuer symbol
YERBF
Transactions as of
13 Feb 2025
Net transactions value
+$139,125
Form type
4
Filing time
04 Mar 2025, 16:36:44 UTC
Previous filing
04 Mar 2025
Next filing
24 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YERBF Common Other +305,555 +70% 740,337 20 Feb 2025 Direct F2
transaction YERBF Common Other +722,222 +98% 1,462,559 20 Feb 2025 Direct F6
holding YERBF Common 5,987,396 13 Feb 2025 Karrie L. Gibson Trust Dated April 22, 2016
holding YERBF Common 434,782 13 Feb 2025 Direct
holding YERBF Performance 2,500,000 13 Feb 2025 Karrie L. Gibson Trust Dated April 22, 2016

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 YERBF Performance Share Units Other -305,555 -100% 0 20 Feb 2025 Common 305,555 Direct F2
transaction YERBF Options Award $139,125 +1,325,000 +610% $0.1050 1,542,391 13 Feb 2025 Common 1,325,000 $0.1050 Direct F4
transaction YERBF Restricted Share Units Other -722,222 -79% 186,666 20 Feb 2025 Common 722,222 Direct F6
holding YERBF Performance Share Units 305,555 13 Feb 2025 Common 305,555 Direct F1
holding YERBF Options 217,391 13 Feb 2025 Common 217,391 $1.16 Direct F3
holding YERBF Restricted Share Units 722,222 13 Feb 2025 Common 722,222 Direct F5
holding YERBF Restricted Share Units 908,888 13 Feb 2025 Common 186,666 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All PSUs vest contingent upon and at the time the Company reaches US$18,500,000 in net sale and raises at least US$10,000,000 in funds to support working capital needs and at least 12 months have elapsed from the date of grant.
F2 Vesting of PSUs. On February 13, 2025, the Board approved the immediate vesting of all outstanding PSUs despite the performance criteria of such PSUs not having been met by the Company.
F3 All Options vest as to: (i) 25% 15 months following the date of grant; (ii) 25% 18 months following the date of grant, (iii) 25% 21 months following the date of grant; and (iv) 25% 24 months following the date of grant.
F4 The Options vest on the date of grant.
F5 The RSUs vest 12 months from the date of the RSU Award.
F6 Vesting of RSUs.