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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

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/24/21  McCormick Andrew J.               4                      1:9K   Laird Superfood, Inc.             Equity Administr… Inc/FA

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

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML      3K 
                Securities by an Insider -- primary_01.xml/3.6


        

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

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
XML Data rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 
                                                                                                                                                                                
<?xml version="1.0" encoding="windows-1252"?>
<ownershipDocument>
<schemaVersion> X0306 </schemaVersion>
<documentType> 4 </documentType>
<periodOfReport> 2021-03-22 </periodOfReport>
<issuer>
<issuerCik> 0001650696 </issuerCik>
<issuerName> Laird Superfood, Inc. </issuerName>
<issuerTradingSymbol> LSF </issuerTradingSymbol>
</issuer>
<reportingOwner>
<reportingOwnerId>
<rptOwnerCik> 0001819437 </rptOwnerCik>
<rptOwnerName> McCormick Andrew J. </rptOwnerName>
</reportingOwnerId>
<reportingOwnerAddress>
<rptOwnerStreet1> C/O LAIRD SUPERFOOD, INC. </rptOwnerStreet1>
<rptOwnerStreet2> 275 W LUNDGREN MILL DR </rptOwnerStreet2>
<rptOwnerCity> SISTERS </rptOwnerCity>
<rptOwnerState> OR </rptOwnerState>
<rptOwnerZipCode> 97759 </rptOwnerZipCode>
<rptOwnerStateDescription></rptOwnerStateDescription>
</reportingOwnerAddress>
<reportingOwnerRelationship>
<isDirector> false </isDirector>
<isOfficer> true </isOfficer>
<isTenPercentOwner> false </isTenPercentOwner>
<isOther> false </isOther>
<officerTitle> General Counsel and Secretary </officerTitle>
<otherText></otherText>
</reportingOwnerRelationship>
</reportingOwner>
<nonDerivativeTable>
<nonDerivativeTransaction>
<securityTitle>
<value> Common Stock </value>
</securityTitle>
<transactionDate>
<value> 2021-03-22 </value>
</transactionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> M </transactionCode>
<equitySwapInvolved> false </equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 5000 </value>
</transactionShares>
<transactionPricePerShare>
<value> 12.315 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> A </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 17521 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value> Common Stock </value>
</securityTitle>
<transactionDate>
<value> 2021-03-22 </value>
</transactionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> S </transactionCode>
<equitySwapInvolved> false </equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 342 </value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value> 35.77 </value>
<footnoteId id="F2"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> D </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 17179 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value> Common Stock </value>
</securityTitle>
<transactionDate>
<value> 2021-03-22 </value>
</transactionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> S </transactionCode>
<equitySwapInvolved> false </equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 148 </value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value> 36.35 </value>
<footnoteId id="F3"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> D </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 17031 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
<nonDerivativeTransaction>
<securityTitle>
<value> Common Stock </value>
</securityTitle>
<transactionDate>
<value> 2021-03-22 </value>
</transactionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> S </transactionCode>
<equitySwapInvolved> false </equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 4510 </value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value> 37.5 </value>
<footnoteId id="F4"/>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> D </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 12521 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</nonDerivativeTransaction>
</nonDerivativeTable>
<derivativeTable>
<derivativeTransaction>
<securityTitle>
<value> Option (right to buy) </value>
</securityTitle>
<conversionOrExercisePrice>
<value> 12.3150 </value>
</conversionOrExercisePrice>
<transactionDate>
<value> 2021-03-22 </value>
</transactionDate>
<transactionCoding>
<transactionFormType> 4 </transactionFormType>
<transactionCode> M </transactionCode>
<equitySwapInvolved> false </equitySwapInvolved>
</transactionCoding>
<transactionAmounts>
<transactionShares>
<value> 5000 </value>
<footnoteId id="F1"/>
</transactionShares>
<transactionPricePerShare>
<value> 0 </value>
</transactionPricePerShare>
<transactionAcquiredDisposedCode>
<value> D </value>
</transactionAcquiredDisposedCode>
</transactionAmounts>
<exerciseDate>
<footnoteId id="F5"/>
</exerciseDate>
<expirationDate>
<value> 2029-04-02 </value>
</expirationDate>
<underlyingSecurity>
<underlyingSecurityTitle>
<value> Common Stock </value>
</underlyingSecurityTitle>
<underlyingSecurityShares>
<value> 5000 </value>
</underlyingSecurityShares>
</underlyingSecurity>
<postTransactionAmounts>
<sharesOwnedFollowingTransaction>
<value> 56880 </value>
</sharesOwnedFollowingTransaction>
</postTransactionAmounts>
<ownershipNature>
<directOrIndirectOwnership>
<value> D </value>
</directOrIndirectOwnership>
</ownershipNature>
</derivativeTransaction>
</derivativeTable>
<footnotes>
<footnote id="F1"> 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. </footnote>
<footnote id="F2"> 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. </footnote>
<footnote id="F3"> These shares were sold in multiple transactions at prices between $36.00 and $36.50 inclusive, with a weighted average price $36.35. </footnote>
<footnote id="F4"> These shares were sold in multiple transactions at prices between $36.56 and $37.50 inclusive, with a weighted average price $37.10. </footnote>
<footnote id="F5"> 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. </footnote>
</footnotes>
<remarks></remarks>
<ownerSignature>
<signatureName> /s/ Andrew McCormick </signatureName>
<signatureDate> 2021-03-24 </signatureDate>
</ownerSignature>
</ownershipDocument>


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Filing Submission 0001593968-21-001007   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
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