SPLASH BEVERAGE GROUP, INC. — Director's Dealing 2025

Oct 31, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SPLASH BEVERAGE GROUP, INC. (SBEV)
CIK: 0001553788
Period of Report: 2025-07-31

Reporting Person: Fore Thomas Butler (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-07-31	Warrants	$0.80	A	750000	Acquired	2030-07-31	Common Stock (750000)	Indirect

Footnotes

F1: The grant of the Issuer's warrants was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The warrants are fully vested.

F2: TBF Holdings LLC is an entity which the Reporting Person controls.