Sabas D. Carrillo - 31 Dec 2025 Form 4 Insider Report for BLUM HOLDINGS, INC. (BLMH)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: BLMH
Reported as of: 31 Dec 2025
Net transaction value: +$2,500,000
SEC form: 4
Accepted by SEC: 27 Jan 2026, 17:04:38 UTC
Prior SEC filing: 17 Nov 2025
Source filing: View source filing
Reporting owner signature: /s/ Sabas Carrillo

Key filing fact

Sabas D. Carrillo filed Form 4 for BLUM HOLDINGS, INC. (BLMH) on 27 Jan 2026.

Key facts

This page summarizes Sabas D. Carrillo's Form 4 filing for BLUM HOLDINGS, INC. (BLMH).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 27 Jan 2026, 17:04.

Change

Previous filing in this sequence was filed on 17 Nov 2025.
Current net transaction value: +$2,500,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001876882 Primary reporting owner

Carrillo Sabas D

Relationship: Chief Executive Officer, Director, 10%+ Owner
Address: 11516 DOWNEY AVE, DOWNEY
Signature: /s/ Sabas Carrillo
Signature date: 27 Jan 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BLMH transaction

Common Stock

Award

Transaction value: $2,500,000
Shares: +2,551,020
Change %: +29%
Price: $0.9800
Shares after: 11,496,094
Date: 31 Dec 2025
Ownership: Adnant, LLC
Footnotes: F1, F3

BLMH holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 92,389
Date: 31 Dec 2025
Ownership: Direct

BLMH holding

Series V Preferred Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,571,429
Date: 31 Dec 2025
Ownership: Adnant, LLC
Footnotes: F1, F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

BLMH holding Derivative

Warrants to Purchase Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 595,238
Date: 31 Dec 2025
Ownership: Adnant, LLC
Underlying class: Common Stock
Underlying amount: 595,238
Exercise price: $0.4600
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Reporting Person is the CEO and managing member of Adnant, LLC.

Footnote F2

Each share of Series V Preferred Stock is convertible at the option of the holder into 1/3 of a share of Common Stock at any time from and after the first anniversary of the issuance date. Each share of Series V Preferred Stock automatically converts into Common Stock on the fourth anniversary of the issuance date.

Footnote F3

On December 31, 2025, the Company issued an aggregate of 2,551,020 shares of its common stock to Adnant, LLC, a related party, in satisfaction of a performance-based equity award earned pursuant to the Engagement Letter and ratified by the Company's Board of Directors. The shares were issued at an implied price of $0.98 per share. The issuance of the shares to Adnant was not registered under the Securities Act of 1933, as amended, and was made in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act.