Corey N. Fishman - Aug 6, 2024 Form 4 Insider Report for Iterum Therapeutics plc (ITRM)

Signature
/s/ Corey N. Fishman
Stock symbol
ITRM
Transactions as of
Aug 6, 2024
Transactions value $
$0
Form type
4
Date filed
8/12/2024, 09:00 AM
Previous filing
Nov 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITRM Ordinary Shares Options Exercise +82.6K +151.73% 137K Aug 6, 2024 Direct F1

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 ITRM Subscription Rights (right to buy) Options Exercise $0 -165K -100% $0.00* 0 Aug 6, 2024 Units $0.61 Direct F1, F2
transaction ITRM Warrants (right to buy) Options Exercise +82.6K 82.6K Aug 6, 2024 Ordinary Shares 41.3K $1.21 Direct F1
transaction ITRM Warrants (right to buy) Options Exercise +82.6K 82.6K Aug 6, 2024 Ordinary Shares 82.6K $1.21 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities were purchased in the Issuer's rights offering (the "Offering") which closed on August 9, 2024. As part of the Offering, the Reporting Person purchased 82,613 units at a subscription price of $1.21 per whole unit. Each unit consisted of (a) one ordinary share, (b) a warrant to purchase 0.50 ordinary shares, at an exercise price of $1.21 per whole ordinary share from the date of issuance through its expiration one year from the date of issuance ("1-year warrants"), and (c) a warrant to purchase one ordinary share, at an exercise price of $1.21 per whole ordinary share from the date of issuance through its expiration five years from the date of issuance ("5-year warrants").
F2 The Reporting Person validly exercised 165,226 subscription rights to acquire 82,613 units composed of (i) 82,613 ordinary shares, (ii) 82,613 1-year warrants and (iii) 82,613 5-year warrants.