Jul. 3 at 8:40 AM
$BLGO FYI: Very Bullish Lock UP: BIOLARGO, INC. President and director Dennis P. Calvert reported two stock awards that increased his direct holdings of common stock. On June 30, 2026 he acquired 699,569 shares at
$0.1135 per share, and on July 1, 2026 he acquired 219,914 shares at
$0.113 per share, both classified as grants or awards rather than open-market purchases.
The shares were issued by the company in exchange for reducing amounts it owed him for salary and unreimbursed business expenses. The awarded shares are subject to a Lock-Up Agreement, restricting sales until the company reports at least
$40 million in consolidated gross revenue for any reported period, or its market capitalization exceeds
$300 million, or there is a change in control. After these transactions, he directly owns 11,058,108 shares, which include 1,528,695 shares held indirectly through a limited liability company he owns and controls.