SEC Info - McCormick Andrew J. - ‘4’ for 3/22/21 re: Laird Superfood, Inc.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

McCormick Andrew J.

(Last)

(First)

(Middle)

C/O LAIRD SUPERFOOD, INC.

275 W LUNDGREN MILL DR

(Street)

SISTERS

97759

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Laird Superfood, Inc. [ LSF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
General Counsel and Secretary

3. Date of Earliest Transaction (Month/Day/Year)
3/22/21

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	3/22/21		M		5,000	A	$12.315	17,521	D
Common Stock	3/22/21		S		342 ⁽¹⁾	D	$35.77 ⁽²⁾	17,179	D
Common Stock	3/22/21		S		148 ⁽¹⁾	D	$36.35 ⁽³⁾	17,031	D
Common Stock	3/22/21		S		4,510 ⁽¹⁾	D	$37.5 ⁽⁴⁾	12,521	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Option (right to buy)	$12.315	3/22/21		M			5,000 ⁽¹⁾	⁽⁵⁾	4/2/29	Common Stock	5,000	$0	56,880	D

Explanation of Responses:

(1) The option exercises and sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan previously adopted by the Reporting Person.

(2) These shares were sold in multiple transactions at prices between $35.42 and $35.98 inclusive, with a weighted average price $35.77. The Reporting Person undertakes to provide to Laird Superfood, Inc., any security holder of Laird Superfood, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range(s) set forth in this footnote of this Form 4.

(3) These shares were sold in multiple transactions at prices between $36.00 and $36.50 inclusive, with a weighted average price $36.35.

(4) These shares were sold in multiple transactions at prices between $36.56 and $37.50 inclusive, with a weighted average price $37.10.

(5) Stock option granted under the 2018 Equity Incentive Plan ("Plan") on April 3, 2019 and became exercisable with respect to 20,000 shares of common stock on December 31, 2019 and with respect to 12,500 shares of common stock on April 16, 2020. The remaining shares of common stock became exercisable September 22, 2020.

Remarks:

	/s/ Andrew McCormick	3/24/21
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
M	Exercise or conversion of derivative security exempted pursuant to Rule 16b-3.
S	Open market or private sale of non-derivative or derivative security.

McCormick Andrew J. – ‘4’ for 3/22/21 re: Laird Superfood, Inc.

On: Wednesday, 3/24/21, at 8:53pm ET · For: 3/22/21 · Accession #: 1593968-21-1007 · File #: 1-39537

Previous ‘4’: ‘4’ on 2/3/21 for 2/1/21 · Next: ‘4’ on 4/30/21 for 4/28/21 · Latest: ‘4’ on 2/27/24 for 2/23/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

McCormick Andrew J. – ‘4’ for 3/22/21 re: Laird Superfood, Inc.

On: Wednesday, 3/24/21, at 8:53pm ET · For: 3/22/21 · Accession #: 1593968-21-1007 · File #: 1-39537

Previous ‘4’: ‘4’ on 2/3/21 for 2/1/21 · Next: ‘4’ on 4/30/21 for 4/28/21 · Latest: ‘4’ on 2/27/24 for 2/23/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents