Company: BSFC
Filing Date: 2025-06-23
Form Type: 10-K
Source: 0001641172-25-015976
Chunk: 200

Company: Blue Star Foods Corp.
Filing Date: 2025-06-23
Form: 10-K
Item: Item 11
Chunk 200
---
 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are not taxable to employees until withdrawn from the 401(k) plan.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 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