X0609 4 2026-04-21 0001650696 Laird Superfood, Inc. LSF 0001963997 Nexus Capital Management LP false 11150 SANTA MONICA BOULEVARD SUITE 400 LOS ANGELES CA 90025 1 0002127546 Gateway Superfood NSSIII Investment, LLC false 11111 SANTA MONICA BOULEVARD SUITE 350 LOS ANGELES CA 90025 1 0002124520 Gateway Superfood NSSIV Investment, LLC false 11111 SANTA MONICA BOULEVARD SUITE 350 LOS ANGELES CA 90025 1 0002124368 Nexus Partners IV, LLC false 11111 SANTA MONICA BOULEVARD SUITE 350 LOS ANGELES CA 90025 1 0002127212 Nexus Special Situations GP IV, LP false 11111 SANTA MONICA BOULEVARD SUITE 350 LOS ANGELES CA 90025 1 0001372171 Cohen Michael S false 10250 CONSTELLATION BLVD SUITE 2900 LOS ANGELES CA 90067 1 1 0001600232 Flesh Daniel E. false 2000 AVENUE OF THE STARS SUITE 510 NORTH LOS ANGELES CA 90067 1 0002093303 Giangiacomo Damian false 11111 SANTA MONICA BOULEVARD SUITE 350 LOS ANGELES CA 90025 1 0002093669 Nexus Partners III, LLC false 11111 SANTA MONICA BOULEVARD SUITE 350 LOS ANGELES CA 90025 1 0002092583 Nexus Special Situations GP III, LP false 11111 SANTA MONICA BOULEVARD SUITE 350 LOS ANGELES CA 90025 1 0 Series A Conv. Preferred Stock 3.57 2026-04-21 4 P 0 24000 1000 A 2026-03-12 Common Stock 12324930 44000 I By Gateway Superfood NSSIII Investment, LLC Series A Conv. Preferred Stock 3.57 2026-04-21 4 P 0 36000 1000 A 2026-03-12 Common Stock 18487395 66000 I By Gateway Superfood NSSIV Investment, LLC The Series A Convertible Preferred Stock has no fixed expiration date and is a perpetual security. Each holder has the right to require redemption at the Corporation Repurchase Price on or after the seventh anniversary of the Issue Date (March 12, 2033) pursuant to Section 7.2 of the Certificate of Designation. The Corporation may elect a mandatory conversion no earlier than September 12, 2028 (30 months post-Issue Date) subject to satisfaction of certain price, volume and EBITDA conditions pursuant to Section 8.2 of the Certificate of Designation. See Certificate of Designation of Series A Convertible Preferred Stock, filed as Exhibit 3.1 to Laird Superfood, Inc.'s Form 8-K filed March 12, 2026 (SEC File No. 001-39155). On April 21, 2026, Gateway Superfood NSSIII Investment LLC ("NSSIII") acquired 24,000 additional shares of Laird Superfood, Inc. Series A Convertible Preferred Stock at $1,000 per share. Post-transaction, NSSIII holds 44,000 preferred shares (approx. 12,324,930 underlying common shares). NSSIII is owned by Nexus Special Situations III, L.P. ("Nexus SS III"). Nexus Special Situations GP III, L.P. ("Nexus SS GP III") is the general partner of Nexus SS III. Nexus Partners III, LLC ("Nexus Partners III") is the general partner of Nexus SS GP III. Nexus Capital Management LP ("Nexus Capital Management") is the investment manager of, and may be deemed an indirect beneficial owner of all securities held by, NSSIII. Damian Giangiacomo, Michael Cohen and Daniel Flesh are the owners of Nexus Capital Management and Nexus Partners. Mr. Cohen serves on the board of directors of the Issuer. On April 21, 2026, Gateway Superfood NSSIII Investment LLC ("NSSIV") acquired 36,000 additional shares of Laird Superfood, Inc. Series A Convertible Preferred Stock at $1,000 per share. Post-transaction, NSSIV holds 66,000 preferred shares (approx. 18,487,395 underlying common shares). NSSIV is owned by Nexus Special Situations IV, L.P. ("Nexus SS IV"). Nexus Special Situations GP IV, L.P. ("Nexus SS GP IV") is the general partner of Nexus SS IV. Nexus Partners IV, LLC ("Nexus Partners IV") is the general partner of Nexus SS GP IV. Nexus Capital Management LP ("Nexus Capital Management") is the investment manager of, and may be deemed an indirect beneficial owner of all securities held by, NSSIV. Damian Giangiacomo, Michael Cohen and Daniel Flesh are the owners of Nexus Capital Management and Nexus Partners. Mr. Cohen serves on the board of directors of the Issuer. Each of Nexus Capital Management, Nexus SS III, Nexus SS GP III, Nexus Partners III, Nexus SS IV, Nexus SS GP IV, Nexus Partners IV, Mr. Giangiacomo, Mr. Cohen, and Mr. Flesh disclaim, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of its/his indirect pecuniary interest therein, and this report shall not be deemed an admission that any such entity or person is the beneficial owner of such securities for purposes of Section 16 or for any other purposes. /s/ Michael Cohen - Nexus Capital Management LP, Authorized Signatory 2026-04-23 /s/ Michael Cohen - Gateway Superfood NSSIII Investment, LLC, Authorized Signatory 2026-04-23 /s/ Michael Cohen - Gateway Superfood NSSIV Investment, LLC, Authorized Signatory 2026-04-23 /s/ Michael Cohen - Nexus Special Situations III GP, L.P., Authorized Signatory 2026-04-23 /s/ Michael Cohen - Nexus Special Situations IV GP, L.P., Authorized Signatory 2026-04-23 /s/ Michael Cohen - Nexus Partners III, LLC, Authorized Signatory 2026-04-23 /s/ Michael Cohen - Nexus Partners IV, LLC, Authorized Signatory 2026-04-23 /s/ Michael Cohen 2026-04-23 /s/ Daniel Flesh 2026-04-23 /s/ Damian Giangiacomo 2026-04-23