Rory B. Riggs - Jun 11, 2024 Form 4 Insider Report for Cibus, Inc. (CBUS)

Signature
/s/ Rory Riggs
Stock symbol
CBUS
Transactions as of
Jun 11, 2024
Transactions value $
$1,000,008
Form type
4
Date filed
6/14/2024, 06:53 AM
Previous filing
Apr 2, 2024
Next filing
Jun 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBUS Class A Common Stock Award $1M +98K +3.16% $10.20 3.2M Jun 11, 2024 Direct F2
holding CBUS Class A Common Stock 2.92K Jun 11, 2024 See footnote F1
holding CBUS Class A Common Stock 15.8K Jun 11, 2024 By spouse

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
transaction CBUS Common Warrant Award +98K 98K Jun 11, 2024 Class A Common Stock 98K $10.07 Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock, par value $0.0001 ("Class A Common Stock"), of Cibus, Inc. (the "Company") held by the Rory Riggs Family Trust, for which the reporting person is trustee and has sole voting and dispositive power with respect to the shares held by the trust.
F2 On June 11, 2024, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement") with Rory Riggs, the Issuer's chief executive officer. Pursuant to the Purchase Agreement, the Company agreed to issue and sell to Mr. Riggs (i) 98,040 shares of Class A Common Stock and an accompanying common warrant to purchase Class A Common Stock at a combined offering price of $10.20. The Purchase Agreement was entered into in connection with the Issuer's registered direct offering, which is expected to close with respect to Mr. Riggs on or about June 13, 2024. The transaction was approved by the Issuer's board of directors in accordance with Rule 16b-3.
F3 Represents the consolidated closing bid price on the Nasdaq Capital Market on June 11, 2024.
F4 Common Warrants issued to Mr. Riggs will expire on June 13, 2029, may be exercised on a one-for-one basis for shares of Class A Common Stock at an exercise price of $10.07 per share of Class A Common Stock, and are exercisable immediately, to the extent that after giving effect to such exercise the Reporting Person would beneficially own, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, no more than 19.99% of the outstanding shares of Class A Common Stock or the combined voting power of all of the Company's outstanding common stock.