Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 437

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1
Chunk 437
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 below reflects all equity awards made to each Named Executive Officer that were outstanding on December 31, 2024.

    Name 
    Grant Date 
    Number
    of  Securities  Underlying  Unexercised Options (#)  Exercisable  
    Number
    of Securities Underlying Unexercised Options (#) Unexercisable  
    Option
                                            Exercise Price ($)  
    Option
                                            Expiration Date

    John Keeler 
    4/20/22 
     25(1) 
     -  
     2,000.00  
    4/20/27

    4/12/21 
     100(2) 
     -  
     2,000.00  
    4/12/24
  
    Miozotis Ponce 
    1/15/19 
     250(3) 
     -(3) 
     2,000.00  
    1/14/29

    (1)
    Shares
    subject to the option vest in equal quarterly installments of 1 shares for the term of the option.

    (2)
    Shares
    subject to the option vest in equal quarterly installments of 25 shares during the first year of the grant.

    (3)
    Shares
    subject to the option vest as to 50 shares on each of January 15, 2020, January 15, 2021, January 15, 2022, January 15, 2023 and
    January 15, 2024.

2018
Equity Incentive Award Plan

In
connection with the Merger, we adopted the 2018 Equity Incentive Award Plan (the “2018 Plan”), which was effective immediately
prior to the consummation of the Merger. The principal purpose of the 2018 Plan is to attract, retain and motivate selected employees,
consultants and non-employee directors through the granting of stock-based compensation awards and cash-based performance bonus awards.

Under
the 2018 Plan, we are authorized to issue incentive stock options intended to qualify under Section 422 of the Code and non-qualified
stock options. The 2018 Plan is administered by our board of directors. In connection with the Merger, we issued options to purchase
an aggregate of 6,240 shares of common stock to certain executive officers and directors