CARRILLO SABAS D (Chief Executive Officer) purchased 3.4% of their position (3.01K shares) of BLUM HOLDINGS, INC. on the open market

Open‑market purchase worth $2.5K — a small addition. The strongest form of insider conviction signal.

P · 7 purchases

CARRILLO SABAS D

Filed: 5/21/2025ACC: 0001437749-25-018039

InsiderCARRILLO SABAS DCIK 1876882

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IssuerBLUM HOLDINGS, INC.CIK 1996210

DirectorOfficer10% Owner· Chief Executive Officer

Since Dec 2025

+3.01K

Net shares

Net buyer

$2.5K

Total acquired

Open market trades

7B · 0S

Total transactions

3.01K acquired

Non-Derivative Transactions7

Common Stock

Direct

P · Purchase

+500.00

Price / share

$0.83

Trade value

$415.00

% of position

0.6%

5/19/2025

87.79K→88.29K

Common Stock

Direct

P · Purchase

+1.17K

Price / share

$0.84

Trade value

$982.80

% of position

1.3%

5/19/2025

88.29K→89.46K

Common Stock

Direct

P · Purchase

+520.00

Price / share

$0.82

Trade value

$426.40

% of position

0.6%

5/20/2025

89.46K→89.98K

Common Stock

Direct

P · Purchase

+420.00

Price / share

$0.84

Trade value

$352.80

% of position

0.5%

5/20/2025

89.98K→90.40K

Common Stock

Direct

P · Purchase

+100.00

Price / share

$0.80

Trade value

$80.00

% of position

0.1%

5/21/2025

90.40K→90.50K

Common Stock

Direct

P · Purchase

+100.00

Price / share

$0.84

Trade value

$84.00

% of position

0.1%

5/21/2025

90.50K→90.60K

Common Stock

Direct

P · Purchase

+200.00

Price / share

$0.87

Trade value

$174.00

% of position

0.2%

5/21/2025

90.60K→90.80K

Total

Net shares

+3.01K

Net value

$2.52K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	5/19/2025	P · Purchase	+500.00	$0.83	$415.00	0.6%	87.79K	88.29K
Common Stock Direct	5/19/2025	P · Purchase	+1.17K	$0.84	$982.80	1.3%	88.29K	89.46K
Common Stock Direct	5/20/2025	P · Purchase	+520.00	$0.82	$426.40	0.6%	89.46K	89.98K
Common Stock Direct	5/20/2025	P · Purchase	+420.00	$0.84	$352.80	0.5%	89.98K	90.40K
Common Stock Direct	5/21/2025	P · Purchase	+100.00	$0.80	$80.00	0.1%	90.40K	90.50K
Common Stock Direct	5/21/2025	P · Purchase	+100.00	$0.84	$84.00	0.1%	90.50K	90.60K
Common Stock Direct	5/21/2025	P · Purchase	+200.00	$0.87	$174.00	0.2%	90.60K	90.80K
Total			+3.01K		$2.52K

Derivative Transactions0

No derivative transactions reported

Non-Derivative Holdings (Post-Transaction)2

Series V Preferred Stock

Indirect

Shares owned3.57M

Common Stock

Indirect

Shares owned4.93M

Total

8.50M indirect8.50M

Security Title	Shares Owned	Ownership Type
Series V Preferred Stock	3.57M	Indirect
Common Stock	4.93M	Indirect
Total	8.50M	8.50M indirect

Derivative Holdings (Post-Transaction)1

Warrants to Purchase Common Stock

Indirect

Underlying security

Common Stock

Underlying shares

595.24K

Shares owned

595.24K

Exercise price

0.4600

Expiration

—

Exercise window

—

Total

Underlying

595.24K

Owned

595.24K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Warrants to Purchase Common Stock Indirect	Common Stock	0.4600	—	—	595.24K	595.24K
Total					595.24K	595.24K