Seth Aaron Smith - 23 Apr 2025 Form 4 Insider Report for YERBAE BRANDS CORP. (YERBF)

Role
Vice President of Sales
Signature
/s/ Seth Smith
Issuer symbol
YERBF
Transactions as of
23 Apr 2025
Net transactions value
$0
Form type
4
Filing time
25 Apr 2025, 16:19:17 UTC
Previous filing
11 Mar 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 +133,000 +35% 517,857 23 Apr 2025 Direct F2
holding YERBF Common 384,857 23 Apr 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 -133,000 -100% 0 23 Apr 2025 Common 133,000 Direct F1, F2
holding YERBF Performance Share Units 133,000 23 Apr 2025 Common 133,000 Direct F1
holding YERBF Options 159,496 23 Apr 2025 Common 159,496 $0.6270 Direct F3
holding YERBF Options 239,244 23 Apr 2025 Common 79,748 $0.6270 Direct F3
holding YERBF Options 456,635 23 Apr 2025 Common 217,391 $1.16 Direct F4
holding YERBF Options 675,385 23 Apr 2025 Common 218,750 $0.9600 Direct F4
holding YERBF Options 1,115,385 23 Apr 2025 Common 440,000 $0.1050 Direct F3
* 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.