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

Role
CEO, Director, 10%+ Owner
Signature
/s/ Todd Lawrence Gibson
Issuer symbol
YERBF
Transactions as of
13 Feb 2025
Net transactions value
+$144,375
Form type
4
Filing time
05 Mar 2025, 13:32:32 UTC
Previous filing
05 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 +388,888 +80% 878,018 20 Feb 2025 Direct F2
transaction YERBF Common Other +888,888 +101% 1,766,906 20 Feb 2025 Direct F6
holding YERBF Common 5,987,396 13 Feb 2025 Todd L. Gibson Trust Dated April 22, 2016
holding YERBF Common 489,130 13 Feb 2025 Direct
holding YERBF Performance 2,500,000 13 Feb 2025 Todd 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 -388,888 -100% 0 20 Feb 2025 Common 388,888 Direct F2
transaction YERBF Options Award $144,375 +1,375,000 +562% $0.1050 1,619,565 13 Feb 2025 Common 1,375,000 $0.1050 Direct F4
transaction YERBF Restricted Share Units Other -888,888 -83% 186,666 20 Feb 2025 Common 888,888 Direct F6
holding YERBF Performance Share Units 388,888 13 Feb 2025 Common 388,888 Direct F1
holding YERBF Options 244,565 13 Feb 2025 Common 244,565 $1.16 Direct F3
holding YERBF Restricted Share Units 888,888 13 Feb 2025 Common 888,888 Direct F5
holding YERBF Restricted Share Units 1,075,554 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.