Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 208

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 11
Chunk 208
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 exchange for cash or another award when the option or SAR price per share exceeds the fair market value of
the underlying shares; or

●
to the extent required by applicable law, rule or regulation (including any NASDAQ rule).

Termination.
Our board of directors may terminate the 2018 Plan at any time. No ISOs may be granted pursuant to the 2018 Plan after the 10th anniversary
of the effective date of the 2018 Plan, and no additional annual share increases to the 2018 Plan’s aggregate share limit will
occur from and after such anniversary. Any award that is outstanding on the termination date of the 2018 Plan will remain in force according
to the terms of the 2018 Plan and the applicable award agreement.

Director
Compensation 

The
following table sets forth certain information concerning compensation earned by the Company’s non-employee directors for services
rendered as a director during the year ended December 31, 2024:

Director
Compensation Table

    Name 
    Fees
    Earned or Paid in Cash  
    Stock
    Awards(1)  
    Option
    Awards(1)  
    Non-Equity
    Incentive Plan Compensation  
    Nonqualified
    Deferred Compensation Earnings  
    All
    Other Compensation  
    Total 

    Nubar Herian 
    $     -  
    $60,000  
    $     -  
          -  
          -  
          -  
    $60,000 
  
    Jeffrey Guzy 
    $-  
    $180,000  
    $-  
     -  
     -  
     -  
    $180,000 
  
    Timothy McLellan 
    $-  
    $120,000  
    $-  
     -  
     -  
     -  
    $120,000 
  
    Trond Ringstad 
    $-  
    $120,000  
    $-  
     -  
     -  
     -  
    $120,000 

(1)
The aggregate grant date fair value is computed in accordance with FASB ASC Topic 718.

53

ITEM
12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND