Blue Biofuels (BIOF) Form 4 BLUE BIOFUELS / Benjamin Slager ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Slager Benjamin

(Last) (First) (Middle)

3 RIO VISTA DRIVE

(Street)

STUART, FL 34996

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLUE BIOFUELS, INC. [ BIOF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/31/2024

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Call Option	$0.121	12/31/2024		A		826,446		12/31/2024	12/11/2029	Stock	826,446	$0	12,266,446	D
Call Option	$0.121	12/31/2024		A		826,446		01/01/2025	12/11/2029	Stock	826,446	$0	13,092,892	D
Call Option	$0.11	12/31/2024		A		2,173,554		12/31/2024	12/11/2034	Stock	2,173,554	$0	15,266,446	D
Call Option	$0.11	12/31/2024		A		2,173,554		01/01/2025	12/11/2034	Stock	2,173,554	$0	17,440,000	D
Call Option	$0.11	12/31/2024		A	V	4,493,450		(1)	12/11/2034	Stock	4,493,450	$0	21,933,450	D

Explanation of Responses:

1. The options above with an unknown exercisable date vest upon the sooner of revenue from the production of biofuels or the uplisting to a major exchange.

Remarks:

Beneficial ownership totals do not include 9 million unvested options, 5 million with a 10 cent strike price, and 6 million with a 20 cent strike price, all that vest upon an uplisting to a major exchange or upon production commencement.

	/s/Ben Slager	12/30/2024
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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