Company: BSFC
Filing Date: 2025-03-05
Form Type: S-1
Source: 0001493152-25-009166
Chunk: 93

Company: Blue Star Foods Corp.
Filing Date: 2025-03-05
Form: S-1
Chunk 93
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     |                  |      - |    |     |                      |      - |    |     |                            |  5,700 | -3 |     |       | 172,300 |
| Chief Operating Officer                                     |     |      | 2022 |     |            | 170,000 |     |                  |      - |    |     |                      |      - |    |     |                            |  5,400 | -3 |     |       | 175,400 |

| 59 |

| (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 $7.20 per share issued on December 31, 2023.                                                       |
| (3) | Represents                                                                                                                         
 health insurance premiums paid by the Company on behalf of such officer.                                                           |
| (4) | Represents                                                                                                                         
 63 shares of common stock at $400.00 per share issued on December 31, 2022.                                                        |
| (5) | Represents                                                                                                                         
 an option to purchase 25 shares of common stock at $2,000.00 per share granted on December 31, 2022.                               |
| (6) | Represents                                                                                                                         
 an option to purchase 864 shares of common stock at $40.00 per share granted on December 31, 2023. These options were forfeited on 
 May 28, 2024 upon the resignation of the Chief Financial Officer.                                                                  |
| (7) | Represents                                                                                                                         
 43 shares of common stock at $400.00 per share issued on December 31, 2022.                                                        |

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.

Employment Agreements

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

Outstanding Equity Awards

The table below reflects all equity awards made to each Named Executive Officer that were outstanding on December 31,