Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 588

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 1A
Chunk 588
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    Silvia Alana -  Former Chief Financial
    Officer and 
     2024  
     66,000  
     -  
     -  
     2,500(3) 
     68,500 
  
    Director 
     2023  
     147,000  
     25,000(2) 
     12,261(4) 
     5,700(3) 
     189,961 
  
    Miozotis Ponce - 
     2024  
     155,925  
     -  
     -  
     6,000(3) 
     161,925 
  
    Chief Operating Officer 
     2023  
     166,000  
     -  
     -  
     5,700(3) 
     171,700 

    (1)
    All
    option grants are calculated at the grant date fair value computed in accordance with FASB ASC Topic 718.

    (2)
    Represents
    3,472 shares of common stock at $7.00 per share issued on December 31, 2023.

    (3)
    Represents
    health insurance premiums paid by the Company on behalf of such officer.

    (4)
    Represents
    an option to purchase 864 shares of common stock at $40.00 per share granted on December 31, 2023.

    (5)
    Represents 480,000 shares of common stock at $0.125 per share accrued for
as of December 31, 2024.

We
offer a 401(k) plan to eligible employees, including our executive officer. In accordance with this plan, all eligible employees may
contribute a percentage of compensation up to a maximum of the statutory limits per year. We intend for the 401(k) plan to qualify, depending
on the employee’s election, under Section 401(a) of the Code, so that contributions by employees, and income earned on those contributions,
are not taxable to employees until withdrawn from the 401(k) plan.

48

Employment
Agreements

We
do not currently have employment agreements in effect with our executive officers.

OUTSTANDING
EQUITY AWARDS AT DECEMBER 31, 2024

Outstanding
Equity Awards 

The
table below reflects