IVFH · Innovative Food Holdings Inc

This Form 4 is filed jointly by JCP Investment Partnership, LP ("JCP Partnership"), JCP Investment Partners, LP ("JCP Partners"), JCP Investment Holdings, LLC ("JCP Holdings"), JCP Investment Management, LLC ("JCP Management") and James C. Pappas (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Mr. Pappas is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.

Represents shares of Common Stock that JCP Management relinquished control over that were previously held in a JCP Account.

Represents shares of Common Stock held in certain accounts managed by JCP Management (the "JCP Accounts"). JCP Management, as the investment manager of the JCP Accounts, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts. Mr. Pappas, as the managing member of JCP Management, may be deemed to beneficially own the shares of Common Stock held in the JCP Accounts.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Owned by spouse. The Reporting Person disclaims beneficial ownership of such shares.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Owned by spouse. The Reporting Person disclaims beneficial ownership of such shares.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Owned by spouse. The Reporting Person disclaims beneficial ownership of such shares.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

Owned by spouse. The Reporting Person disclaims beneficial ownership of such shares.

Reflects open market sales of the Issuer's securities.

Reflects a weighted average price. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

The Reporting Person entered into a stock purchase agreement, dated as of December 19, 2025, to purchase 505,555 shares of the Issuer's common stock from the seller at a price of $0.30 per share.

The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16.

This Form 4 is filed jointly by JCP Investment Partnership, LP ("JCP Partnership"), JCP Investment Partners, LP ("JCP Partners"), JCP Investment Holdings, LLC ("JCP Holdings"), JCP Investment Management, LLC ("JCP Management") and James C. Pappas (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Mr. Pappas is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.

The Reporting Person entered into a stock purchase agreement, dated as of December 19, 2025 to purchase 505,555 shares of the Issuer's common stock from the seller at a price of $0.30 per share.

Represents shares of Common Stock owned directly by JCP Partnership. JCP Partners, as the general partner of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Holdings, as the general partner of JCP Partners, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Management, as the investment manager of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. Mr. Pappas, as the managing member of JCP Management and the sole member of JCP Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership.

In connection with that certain Stock Purchase Agreement, dated as of December 19, 2025, by and among the Reporting Person and several purchasers (collectively as the "Buyers"), the Reporting Person sold an aggregate of 1,500,000 shares of common stock to the Buyers for an aggregate proceed of $450,000.

The Reporting Person entered into a stock purchase agreement, dated as of December 19, 2025, to purchase 288,890 shares of the Issuer's common stock from the seller at a price of $0.30 per share.

The Reporting Person entered into a stock purchase agreement, dated as of December 19, 2025, to purchase 166,666 shares of the Issuer's common stock from the seller at a price of $0.30 per share.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of January 2, 2025.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of March 20, 2025.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of March 20, 2025.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of March 20, 2025.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of February 5, 2025.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of January 22, 2024.

The shares were returned to the Issuer to adjust for net withholding of income taxes of the Reporting Person and were reported as earned as of May 28, 2024.

The shares were returned to the Issuer to adjust for net withholding of income taxes of the Reporting Person and were reported as earned as of April 17, 2024.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of November 15, 2024.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of August 24, 2024.

The shares were returned to the Issuer to adjust for net withholding of income taxes of the Reporting Person and were reported as earned as of March 19, 2024.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of December 17, 2024.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of August 24, 2024.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of August 24, 2024.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of October 16, 2024.

The shares were issued to the Reporting Person as compensation for the services provided to the Issuer. The shares were earned as of November 07, 2023.

Reflects an open market sale of the Issuer's securities.

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.95 to $1.85, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

This Form 4 is filed jointly by JCP Investment Partnership, LP ("JCP Partnership"), JCP Investment Partners, LP ("JCP Partners"), JCP Investment Holdings, LLC ("JCP Holdings"), JCP Investment Management, LLC ("JCP Management") and James C. Pappas (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that collectively beneficially owns more than 10% of the Issuer's outstanding shares of Common Stock. Mr. Pappas is also a director of the Issuer. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.

Acquired pursuant to a securities purchase agreement with the Issuer, dated November 30, 2024.

Represents shares of Common Stock owned directly by JCP Partnership. JCP Partners, as the general partner of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Holdings, as the general partner of JCP Partners, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. JCP Management, as the investment manager of JCP Partnership, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership. Mr. Pappas, as the managing member of JCP Management and the sole member of JCP Holdings, may be deemed to beneficially own the shares of Common Stock owned directly by JCP Partnership.

Acquired pursuant to a securities purchase agreement with the Issuer, dated November 30, 2024.

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16.

On December 4, 2024, Bandera Master Fund entered into a securities purchase agreement with the Issuer pursuant to which it agreed to purchase 1,250,000 shares from the Issuer at a price of $1.60 per share. The transaction is expected to close in the near future.

Securities beneficially owned by Bandera Master Fund L.P. ("Bandera Master Fund"). Mr. Gramm, by virtue of his position as a Managing Member of Bandera Partners LLC, the investment manager of Bandera Master Fund, may be deemed to beneficially own the securities beneficially owned by Bandera Master Fund. Mr. Gramm disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Gramm is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Reflects an open market sale of the Issuer's securities.

Reflects an open market sale of the Issuer's securities.

The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.56 to $1.60, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, 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.

The Reporting Person entered into two separate stock purchase agreements with (i) an entity managed by a member of the Issuer's board of directors (the "Board"), and (ii) an individual who is an executive officer of the Issuer. Pursuant to each stock purchase agreement, the Reporting Person agreed to sell shares of the Issuer's common stock to each purchaser at a price of $1.20 per share. The transactions are expected to close in the near future.

The Reporting Person entered into a stock purchase agreement (the "Stock Purchase Agreement") with an individual who is an executive officer of the Issuer and a member of the Issuer's board of directors. Pursuant to the Stock Purchase Agreement, the Reporting Person agreed to purchase 56,344 shares of the Issuer's common stock from the seller at a price of $1.20 per share. The transaction is expected to close in the near future.

The Reporting Person entered into two stock purchase agreements (the "Stock Purchase Agreements") with an entity in which a member of the Issuer's board of directors is a managing member. Pursuant to the Stock Purchase Agreements, the Reporting Person agreed to sell shares of the Issuer's common stock to the entity at a price of $1.20 per share. The transactions are expected to close in the near future.

The Reporting Person entered into a stock purchase agreement (the "Stock Purchase Agreement") with an individual who is an executive officer of the Issuer and a member of the Issuer's board of directors. Pursuant to the Stock Purchase Agreement, the Reporting Person agreed to purchase 200,000 shares of the Issuer's common stock from the seller at a price of $1.20 per share. The transaction is expected to close in the near future.

The Reporting Person entered into a stock purchase agreement (the "Stock Purchase Agreement") with a member of the Issuer's board of directors. Pursuant to the Stock Purchase Agreement, the Reporting Person agreed to sell 56,344 shares of the Issuer's common stock to the purchaser at a price of $1.20 per share. The transaction is expected to close in the near future.

SV Asset Management LLC ("SV Asset Management") entered into two separate stock purchase agreements with (i) an entity managed by a member of the Issuer's board of directors (the "Board"), and (ii) an entity of which a separate member of the Board is lead manager. Pursuant to each stock purchase agreement, SV Asset Management agreed to sell shares of the Issuer's common stock to each purchaser at a price of $1.20 per share. The transactions are expected to close in the near future.

The shares reported as sold herein are held indirectly through SV Asset Management LLC and the balance is held directly.

CRC Founders Fund, LP ("CRC Founders Fund"), entered into a stock purchase agreement (the "Stock Purchase Agreement") with an entity managed by a member of the Issuer's board of directors. Pursuant to the Stock Purchase Agreement, CRC Founders Fund agreed to purchase 350,000 shares of the Issuer's common stock from the entity at a price of $1.20 per share. The transaction is expected to close in the near future.

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16.

On July 21, 2024, Bandera Master Fund entered into a securities purchase agreement with Sam Klepfish pursuant to which Bandera Master Fund agreed to purchase certain securities of the Issuer held directly by Mr. Klepfish. This transaction is expected to close in the near future.

Securities beneficially owned by Bandera Master Fund L.P. ("Bandera Master Fund"). Mr. Gramm, by virtue of his position as a Managing Member of Bandera Partners LLC, the investment manager of Bandera Master Fund, may be deemed to beneficially own the securities beneficially owned by Bandera Master Fund. Mr. Gramm disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Gramm is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

On July 17, 2024, Bandera Master Fund entered into separate securities purchase agreements with each of Sam Klepfish and Robert William (Bill) Bennett pursuant to which Bandera Master Fund agreed to purchase certain securities of the Issuer held directly by each of such persons. These transactions are expected to close in the near future.

Securities beneficially owned by Bandera Master Fund L.P. ("Bandera Master Fund"). Mr. Gramm, by virtue of his position as a Managing Member of Bandera Partners LLC, the investment manager of Bandera Master Fund, may be deemed to beneficially own the securities beneficially owned by Bandera Master Fund. Mr. Gramm disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that Mr. Gramm is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.