BIOLARGO, INC. (BLGO) — Insider Trading

Key Insights

• The reporting person, Kenneth Reay Code, acquired 69,444 shares of BioLargo, Inc. (BLGO) common stock at a price of $0.162 per share, increasing his direct beneficial ownership to 25,875,752 shares.
• The acquired shares are subject to a lock-up agreement, restricting their sale until the company reports at least $40 million in consolidated gross revenue, reaches a market capitalization of $300 million, or experiences a change in control.
• The share acquisition was in exchange for a reduction in amounts owed by the company to the reporting person for salary and unreimbursed business expenses.