Matthew Barron - Dec 31, 2024 Form 5 Insider Report for BLUM HOLDINGS, INC. (BLMH)

Role
Director
Signature
/s/ Matthew Barron
Stock symbol
BLMH
Transactions as of
Dec 31, 2024
Transactions value $
$0
Form type
5
Date filed
2/14/2025, 09:03 PM
Previous filing
Jan 22, 2024
SEC
View on sec.gov

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 BLMH Series V Preferred Stock Other 0 0% 71.4K Dec 30, 2024 Common Stock 23.8K Direct F1, F2, F3
transaction BLMH Warrants to Purchase Common Stock Disposed to Issuer $0 -3.57K -100% $0.00 0 Dec 30, 2024 Common Stock 0 $2.80 Direct F4
transaction BLMH Warrants to Purchase Common Stock Award $0 +11.9K $0.00 11.9K Dec 30, 2024 Common Stock 11.9K $0.46 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Not applicable. See footnote 2.
F2 Reporting Person holds 71,429 shares of Series V Preferred Stock ("Series V Stock") and is reporting herein a change in the conversion ratio of such stock to common stock only. Effective December 30, 2024, Issuer amended the certificate of designation of its Series V Stock pursuant to which each share of Series V Stock (a) became convertible into 1/3 of a share of common stock, (b) will automatically be converted to common stock on the fourth anniversary of the date of issuance, and (c) prior to such anniversary, the holder is entitled to convert shares of Series V Stock upon written notice. Issuer and Reporting Person entered into an amendment to the Series V Stock purchase agreement in connection therewith.
F3 See footnote 2.
F4 These two warrants transactions involved an amendment of outstanding warrants to purchase common stoc), resulting in the cancellation of the old warrant and the grant of a replacement warrant.