BSFC · Blue Star Foods Corp. · Insider Trading
Substantial doubt about the company's ability to continue as a going concern.
“For the six months ended June 30, 2026, the Company incurred a net loss of $800,438, had an accumulated deficit of $50,672,170 and a working capital deficit of $3,136,801. These factors raise substantial doubt as to the Company's ability to continue as a going concern.”View the 10-Q filed Jul 31, 2026
6 customers — 49% of revenue (year ended December 31, 2025)
“The Company had six customers which accounted for approximately 49% of revenue during the year ended December 31, 2025.”
2 customers — 24% of revenue (year ended December 31, 2025)
“Two customers accounted for 24% of revenue during the year ended December 31, 2025.”
Key customers — 14% of revenue (year ended December 31, 2025)
“The Company’s two largest customers accounted for 14% and 10%, respectively, of revenue during the year ended December 31, 2025.”
Key customers — 10% of revenue (year ended December 31, 2025)
“The Company’s two largest customers accounted for 14% and 10%, respectively, of revenue during the year ended December 31, 2025.”
5 customers — 48% of revenue (year ended December 31, 2024)
“The Company had five customers which accounted for approximately 48% of revenue during the year ended December 31, 2024.”
2 customers — 31% of revenue (year ended December 31, 2024)
“Two customers accounted for 31% of revenue during the year ended December 31, 2024.”
Trades by corporate insiders — officers, directors and holders of more than 10% of the shares — disclosed to the SEC on Forms 4 and 5. Form 3 supplies initial ownership rather than a trade; Form 4 must be filed within two business days of the trade.
| Date | Insider | Role | Type | Security | Shares |
|---|---|---|---|---|---|
| 2025-01-14 | Guzy Jeffrey J |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
In accordance with the terms of the Blue Star Foods Corp. Director Service Agreement, dated December 19, 2024, the Issuer issued 1,440,000 shares of common stock to Jeffrey Guzy for serving as a director of the Issuer. |
Common Stock
|
1,440,000 |
| 2025-01-14 | McLellan Timothy Andrew |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
In accordance with the terms of the Blue Star Foods Corp. Director Service Agreement, dated December 19, 2024, the Issuer issued 960,000 shares of common stock to Timothy McLellan for serving as a director of the Issuer. |
Common Stock
|
960,000 |
| 2025-01-14 | Keeler John R |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Common Stock (Direct)
In accordance with the terms of the Blue Star Foods Corp. Director Service Agreement, dated December 19, 2024, the Issuer issued 480,000 shares of common stock to John Keeler for serving as a director of the Issuer. |
Common Stock
|
480,000 |
| 2025-01-14 | Herian Nubar |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
In accordance with the terms of the Blue Star Foods Corp. Director Service Agreement, dated December 19, 2024, the Issuer issued 480,000 shares of common stock to Nubar Herian for serving as a director of the Issuer. |
Common Stock
|
480,000 |
| 2025-01-14 | Ringstad Trond K. |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
In accordance with the terms of the Blue Star Foods Corp. Director Service Agreement, dated December 19, 2024, the Issuer issued 960,000 shares of common stock to Trond Ringstad for serving as a director of the Issuer. |
Common Stock
|
960,000 |
| 2024-10-31 | Guzy Jeffrey J |
Director |
Award↑
Filing footnotes — Common Stock (Direct)
On October 31, 2024, the reporting person purchased 10,000 shares of common stock in the public market for $0.28 per share. |
Common Stock
|
10,000 |
| 2024-02-28 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
10,000 |
| 2024-02-28 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
11,000 |
| 2024-01-16 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
10,000 |
| 2024-01-16 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
10,000 |
| 2024-01-02 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
5,000 |
| 2023-12-31 | Keeler John R |
Director, Chief Executive Officer |
Other↑
Filing footnotes — Common Stock (Direct)
Represents shares issued to the Reporting Person for serving as a director. |
Common Stock
|
173,611 |
| 2023-12-31 | Ringstad Trond K. |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares issued to the Reporting Person for serving as a director. |
Common stock
|
277,778 |
| 2023-12-31 | Alana Silvia Sosa |
Director, Chief Financial Officer |
Other↑
Filing footnotes — Common Stock (Direct)
Represents shares issued to the Reporting Person for serving as a director. |
Common Stock
|
173,611 |
| 2023-12-31 | Herian Nubar |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares issued to the Reporting Person for serving as a director. |
Common stock
|
173,611 |
| 2023-12-31 | McLellan Timothy Andrew |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares issued to the Reporting Person for serving as a director. |
Common stock
|
277,778 |
| 2023-12-31 | Guzy Jeffrey J |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares issued to the Reporting Person for serving as a director. |
Common stock
|
399,306 |
| 2022-12-31 | Guzy Jeffrey J |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares issued to the Reporting Person for serving as a director and on board committees of the Issuer. |
Common stock
|
143,750 |
| 2022-12-31 | Alana Silvia Sosa |
Director, Chief Financial Officer |
Other↑
Filing footnotes — Common Stock (Direct)
Represents shares issued to the Reporting Person for serving as a director of the Issuer. |
Common Stock
|
43,403 |
| 2022-12-31 | Herian Nubar |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares the Reporting Person received for serving as a director of the Company. |
Common stock
|
62,500 |
| 2022-12-31 | McLellan Timothy Andrew |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares issued to the Reporting Person for serving as a director of the Issuer. |
Common stock
|
100,000 |
| 2022-12-31 | Dalto Juan Carlos |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares issued to the Reporting Person for serving as a director of the Issuer. |
Common stock
|
43,403 |
| 2022-12-31 | Ringstad Trond K. |
Director |
Other↑
Filing footnotes — Common stock (Direct)
Represents shares issued to the Reporting Person for serving as a director of the Issuer. |
Common stock
|
100,000 |
| 2022-12-31 | Keeler John R |
Director, Chief Executive Officer |
Other↑
Filing footnotes — Common Stock (Direct)
Represents shares issued to the Reporting Person for serving as a director of the Issuer. |
Common Stock
|
62,500 |
| 2022-12-13 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
1,636 |
| 2022-12-13 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
36 |
| 2022-12-12 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
1,300 |
| 2022-12-12 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
193 |
| 2022-10-26 | Guzy Jeffrey J |
Director |
Buy↑
|
Common stock
|
1,000 |
| 2022-10-14 | Ringstad Trond K. |
Director |
Buy↑
|
Common stock
|
4,095 |
| 2022-10-07 | Ringstad Trond K. |
Director |
Buy↑
|
Common stock
|
1,104 |
| 2022-10-03 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
4,000 |
| 2022-09-14 | Keeler John R |
Director, Chief Executive Officer |
Sell↓
|
Common stock
|
28,282 |
| 2022-09-13 | Keeler John R |
Director, Chief Executive Officer |
Sell↓
|
Common stock
|
40,000 |
| 2022-07-28 | Keeler John R |
Director, Chief Executive Officer |
Sell↓
|
Common stock
|
566 |
| 2022-07-25 | Keeler John R |
Director, Chief Executive Officer |
Sell↓
|
Common stock
|
843 |
| 2022-04-20 | Herian Nubar |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
Shares subject to the option vest in equal quarterly installments of 1,250 for the term of the option. |
Stock option (right to buy)
|
25,000 |
| 2022-04-20 | Alana Silvia Sosa |
Director, Chief Financial Officer |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
Shares subject to the option vest in equal quarterly installments of 1,250 for the term of the option. |
Stock option (right to buy)
|
25,000 |
| 2022-04-20 | Guzy Jeffrey J |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
Shares subject to the option vest in equal quarterly installments of 1,250 for the term of the option. |
Stock option (right to buy)
|
25,000 |
| 2022-04-20 | Ringstad Trond K. |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
Shares subject to the option vest in equal quarterly installments of 1,250 for the term of the option. |
Stock option (right to buy)
|
25,000 |
| 2022-04-20 | McLellan Timothy Andrew |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
Shares subject to the option vest in equal quarterly installments of 1,250 for the term of the option. |
Stock option (right to buy)
|
25,000 |
| 2022-04-20 | Keeler John R |
Director, Chief Executive Officer |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
Shares subject to the option vest in equal quarterly installments of 1,250 for the term of the option. |
Stock option (right to buy)
|
25,000 |
| 2022-04-20 | Herian Nubar |
Director |
Award↑
Filing footnotes — Stock option (right to buy) (Direct)
Shares subject to the option vest in equal quarterly installments of 1,250 for the term of the option. |
Stock option (right to buy)
|
25,000 |
| 2022-03-02 | Herian Nubar |
Director |
Buy↑
|
Common stock
(I)
|
16,380 |
| 2022-03-01 | Herian Nubar |
Director |
Buy↑
|
Common stock
(I)
|
345 |
| 2022-03-01 | Herian Nubar |
Director |
Buy↑
|
Common stock
|
464 |
| 2022-02-28 | Herian Nubar |
Director |
Buy↑
|
Common stock
(I)
|
10,000 |
| 2022-02-28 | Herian Nubar |
Director |
Buy↑
|
Common stock
(I)
|
10,000 |
| 2022-02-28 | Herian Nubar |
Director |
Buy↑
|
Common stock
(I)
|
10,000 |
| 2022-02-28 | Herian Nubar |
Director |
Buy↑
|
Common stock
(I)
|
3,275 |