Blue Biofuels (BIOF) Form 4 BLUE BIOFUELS / George Dennis Bolton 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^*

Bolton George Dennis

(Last) (First) (Middle)

116 SIGNATURE DRIVE

(Street)

MELBOURNE BEACH, FL 32951

(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	10% Owner
	Officer (give title below)	Other (specify below)

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	$0.11	01/08/2025		A		231,667		02/28/2025	12/11/2034	Stock	231,667	$0	1,131,667	D
Call Option	$0.19	01/08/2025		A		100,000		03/01/2025	03/01/2033	Stock	100,000	$0	1,231,667	D
Call Option	$0.2	01/02/2025		A	V	500,000		(1)	03/01/2033	Stock	500,000	$0	1,731,667	D
Call Option	$0.11	01/02/2025		A	V	289,583		(1)	12/11/2034	Stock	289,583	$0	2,021,250	D
Call Option	$0.19	01/02/2025		A	V	1,000,000		(2)	03/01/2025	Stock	1,000,000	$0	3,021,250	D
Call Option	$0.11	01/02/2025		A	V	579,167		(2)	03/01/2025	Stock	579,167	$0	3,600,417	D

Explanation of Responses:

1. The options above with a (1) exercisable date vest upon the sooner of the production of biofuels by the Company or the uplisting of the Company's common stock to a major exchange.

2. The options above with a (2) exercisable date vest upon the obtainment of an offtake agreement for the Company by Reporting Person.

	/s/ George Bolton	01/10/2025
	** 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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