Seth Aaron Smith - 13 Feb 2025 Form 4 Insider Report for YERBAE BRANDS CORP. (YERBF)

Role: Vice President of Sales
Signature: /s/ Seth Aaron Smith
Issuer symbol: YERBF
Transactions as of: 13 Feb 2025
Net transactions value: +$46,200
Form type: 4
Filing time: 11 Mar 2025, 18:15:46 UTC
Previous filing: 11 Mar 2025
Next filing: 25 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		+116,666	+44%		384,857	20 Feb 2025	Direct	F2
holding	YERBF	Common						268,191	13 Feb 2025	Direct

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		-116,666	-47%		133,000	20 Feb 2025	Common	116,666		Direct	F2
transaction	YERBF	Options	Award	$46,200	+440,000	+65%	$0.1050	1,115,385	13 Feb 2025	Common	440,000	$0.1050	Direct	F3
holding	YERBF	Performance Share Units						116,666	13 Feb 2025	Common	116,666		Direct	F1
holding	YERBF	Performance Share Units						249,666	13 Feb 2025	Common	133,000		Direct	F1
holding	YERBF	Options						159,496	13 Feb 2025	Common	159,496	$0.6270	Direct	F3
holding	YERBF	Options						239,244	13 Feb 2025	Common	79,748	$0.6270	Direct	F3
holding	YERBF	Options						456,635	13 Feb 2025	Common	217,391	$1.16	Direct	F4
holding	YERBF	Options						675,385	13 Feb 2025	Common	218,750	$0.9600	Direct	F4

* 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	The Options vest on the date of grant.
F4	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.