Paul F. Jacobson - Sep 22, 2021 Form 3 Insider Report for Thorne Healthtech, Inc. (THRN)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Scott Wheeler, under power of attorney
Stock symbol
THRN
Transactions as of
Sep 22, 2021
Transactions value $
$0
Form type
3
Date filed
9/22/2021, 06:16 PM
Next filing
Sep 28, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding THRN Class A Common Stock 1.6M Sep 22, 2021 See Footnote F1, F2
holding THRN Class A Common Stock 584K Sep 22, 2021 Direct F1, F3
holding THRN Class B Common Stock 502K Sep 22, 2021 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding THRN Employee Stock Option (Right to buy) Sep 22, 2021 Class A Common Stock 258K $1.35 Direct F1, F5
holding THRN Employee Stock Option (Right to buy) Sep 22, 2021 Class A Common Stock 245K $4.49 Direct F1, F5
holding THRN Employee Stock Option (Right to buy) Sep 22, 2021 Class A Common Stock 245K $6.74 Direct F1, F5
holding THRN Employee Stock Option (Right to buy) Sep 22, 2021 Class A Common Stock 1.28M $5.12 Direct F1, F6
holding THRN Employee Stock Option (Right to buy) Sep 22, 2021 Class B Common Stock 36K $14.46 Direct F4, F5
holding THRN Class A Common Stock Warrant (Right to buy) Sep 22, 2021 Class A Common Stock 2.53M $6.74 See Footnote F1, F2, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Immediately prior to the completion of the Issuer's initial public offering of Common Stock (the "IPO"), the Class A Common Stock shall be re-named Common Stock.
F2 These securities are held by Diversified Natural Products, Inc., over which the Reporting Person has voting and dispositive power.
F3 These securities are restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Class A Common Stock. One-fourth of the RSUs shall vest on each one-year anniversary of the expiration of the lock-up period pertaining to the IPO, subject to the Reporting Person continuing as a service provider through each such date.
F4 Each share of Class B Common Stock shall be converted into one share of Common Stock immediately prior to the completion of the IPO.
F5 All of the shares subject to the option are fully vested and exercisable as of the date hereof.
F6 One-fourth of the shares subject to the option vested on October 10, 2019 and one-fourth of the shares subject to the option vest on each one-year anniversary thereafter, subject to the Reporting Person continuing as a service provider through each such date.
F7 All of the shares subject to the warrant are fully vested and exercisable as of the date hereof.

Remarks:

Exhibit 24 - Power of Attorney