Armistice Capital, Llc - May 14, 2021 Form 4 Insider Report for Cerecor Inc. (AVTX)

Signature
Armistice Capital, LLC, By: /s/ Steven Boyd, Managing Member
Stock symbol
AVTX
Transactions as of
May 14, 2021
Transactions value $
$392,460
Form type
4
Date filed
5/18/2021, 06:15 PM
Previous filing
May 10, 2021
Next filing
Jun 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AVTX Common Stock Purchase $275K +128K +0.33% $2.15 39M May 14, 2021 Direct F1, F2
transaction AVTX Common Stock Purchase $0 0 0% $0.00* 39M May 14, 2021 See Footnote F1
transaction AVTX Common Stock Purchase $66K +30K +0.08% $2.20 39.1M May 17, 2021 Direct F1, F3
transaction AVTX Common Stock Purchase $0 0 0% $0.00* 39.1M May 17, 2021 See Footnote F1
transaction AVTX Common Stock Purchase $51.3K +22K +0.06% $2.33 39.1M May 18, 2021 Direct F1, F4
transaction AVTX Common Stock Purchase $0 0 0% $0.00* 39.1M May 18, 2021 See Footnote F1
holding AVTX Common Stock 412K May 14, 2021 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities (the "Shares") of Cerecor Inc. (the "Issuer") are directly held by Armistice Capital Master Fund Ltd., a Cayman Islands exempted company (the "Master Fund"), and may be deemed to be indirectly beneficially owned by: (i) Armistice Capital, LLC ("Armistice Capital"), as the investment manager of the Master Fund; and (ii) Steven Boyd, as the Managing Member of Armistice Capital ("Mr. Boyd", and collectively with the Master Fund and Armistice Capital, the "Reporting Persons"). Armistice Capital and Mr. Boyd disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interests therein, and this report shall not be deemed an admission that either of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2 This constitutes the weighted average purchase price per Share. The prices range from $2.12 to $2.20. The Reporting Persons will provide upon request by the Securities and Exchange Commission staff (the "SEC Staff"), the issuer or a security holder of the issuer, full information regarding the number of Shares purchased at each separate price.
F3 These Shares were purchased in multiple transactions. The purchase price for each transaction was $2.20 per Share.
F4 This constitutes the weighted average purchase price per Share. The prices range from $2.32 to $2.35. The Reporting Persons will provide upon request by the SEC Staff, the issuer or a security holder of the issuer, full information regarding the number of Shares purchased at each separate price.
F5 These Shares are directly owned by Mr. Boyd in his personal capacity.

Remarks:

Each of the Master Fund and Armistice Capital may be deemed a director by deputization of the Issuer by virtue of the fact that Steven Boyd, a representative of the Master Fund and Armistice Capital, currently serves on the Issuer's board of directors.