Kaufman Kapital LLC Reduces Stake in BranchOut Food Inc. via $3.6M Block Sale

On June 2, 2026, Kaufman Kapital LLC and Daniel L. Kaufman filed Amendment No. 5 to their Schedule 13D for BranchOut Food Inc. (BOF). The filing reports a significant reduction in direct holdings following a privately negotiated block sale of 1,189,676 shares of Common Stock at a price of $3.06 per share, generating gross proceeds of approximately $3.64 million. Following this transaction, the reporting persons directly hold 500,000 shares of Common Stock. However, they also hold a Senior Secured Convertible Promissory Note with a principal balance of $2.9 million and approximately $680,000 in accrued interest, convertible at $0.7582 per share. Due to a 9.99% beneficial ownership blocker, their aggregate beneficial ownership is capped at 1,530,071 shares, representing 9.99% of the shares outstanding. This is a decrease from their previously reported 11.0% ownership stake. The reporting persons maintain their investment for investment purposes but may further adjust their position based on market conditions and the 9.99% ownership limitation.