BranchOut Food Inc. 10-K

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Market Information Shares of our common stock, $0.001 par value per share, began trading on the Nasdaq Capital Markets under the symbol “BOF” on June 16, 2023. The following table sets forth, for the fiscal quarters indicated, the high and low bid prices for our common stock, as reported on the Nasdaq Capital Markets. The following quotations reflect inter-dealer prices, without retail mark-up, mark-down or commission and may not represent actual transactions. High Low Fiscal Year Ended December 31, 2025 First Quarter $ 2.82 $ 1.53 Second Quarter $ 2.61 $ 1.53 Third Quarter $ 3.10 $ 2.02 Fourth Quarter $ 3.66 $ 1.93 Fiscal Year Ended December 31, 2024 First Quarter $ 3.60 $ 1.10 Second Quarter $ 3.24 $ 0.68 Third Quarter $ 4.11 $ 0.61 Fourth Quarter $ 2.20 $ 1.31 Holders of Record As of March 31, 2026, there were 14,582,416 shares of common stock outstanding held by approximately 25 holders of record (excluding beneficial holders in street name). Dividend Policy We have not declared or paid any cash dividends on our common stock since inception and do not anticipate paying dividends in the foreseeable future. We currently intend to retain any earnings to fund the development and growth of our business. The declaration and payment of future dividends, if any, will be at the discretion of our Board of Directors and will depend on our financial condition, operating results, capital requirements, contractual restrictions, applicable law, and other factors deemed relevant by the Board. There can be no assurance that we will pay dividends in the future. Issuer Purchase of Equity Securities We did not repurchase any shares of our common stock during the fiscal year ended December 31, 2025. 15