Company: BOF
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004712
Chunk: 181

Company: BranchOut Food Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9
Chunk 181
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-  
    $        -  
    $34,221 
  
    Byron Riché Jones 
    $-  
    $-  
    $38,974(2) 
    $-  
    $-  
    $-  
    $38,974 
  
    Greg Somerville 
    $-  
    $-  
    $17,111(3) 
    $-  
    $-  
    $-  
    $17,111 
  
    Deven Jain 
    $-  
    $-  
    $-  
    $-  
    $-  
    $-  
    $- 
  
    Lindsay L. Schwartz 
    $-  
    $-  
    $-  
    $-  
    $-  
    $-  
    $- 

(1)
On February 22, 2024, we granted Mr. Israel an option to purchase 30,000 shares of common stock at an exercise price of $1.92 per
share, exercisable over a 10-year term. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 41%
and a call option value of $1.1407, was $34,221.

(2)
On February 22, 2024, we granted Mr. Jones an option to purchase 34,166 shares of common stock at an exercise price of $1.92 per
share, exercisable over a 10-year term. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of 41%
and a call option value of $1.1407, was $38,974.

(3)
On February 22, 2024, we granted Mr. Somerville an option to purchase 15,000 shares of common stock at an exercise price of $1.92
per share, exercisable over a 10-year term. The estimated value using the Black-Scholes Pricing Model, based on a volatility rate of
41% and a call option value of $1.1407, was $17,111.

Directors
are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings
of our board of directors.

ITEM
12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The