Patrick Sturgeon - Aug 21, 2024 Form 4 Insider Report for Carmell Corp (CTCX)

Role
Director
Signature
/s/ Patrick Sturgeon
Stock symbol
CTCX
Transactions as of
Aug 21, 2024
Transactions value $
$1,300
Form type
4
Date filed
8/23/2024, 05:25 PM
Previous filing
Dec 18, 2023
Next filing
Aug 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CTCX Common Stock Purchase $157 +1.98K +29.49% $0.08 8.71K Aug 21, 2024 By Carmell Insiders LLC F1
transaction CTCX Common Stock Purchase $1.14K +1.59K +18.22% $0.72 10.3K Dec 15, 2023 By Carmell Insiders LLC F1
holding CTCX Common Stock 19.2K Aug 21, 2024 Direct F2
holding CTCX Common Stock 97K Aug 21, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares acquired and beneficially owned by the Reporting Person represent his/her interest in shares purchased by Carmell Insiders, LLC ("LLC"). The sole purpose of the LLC is to enable certain of the Issuer's Board of Directors to acquire shares of the Issuer's common stock in accordance with the Issuer's Insider Trading Policy (i.e., during periods of time when its members are not in possession of material nonpublic information). The five members of the LLC and their respective percentage interest in it are as follows: David Anderson (19.1%), Scott Frisch (15.3%), Kathryn Gregory (26.4%), Gilles Spenlehauer (15.3%), and Patrick Sturgeon (23.9%). The total amount invested in the LLC by these members was $130,750 as of the date of this filing. The LLC is managed by a non-member, and the members disclaim any voting or investment authority over the LLC.
F2 The shares beneficially owned by the Reporting Person include 19,220 shares of common stock that may be acquired pursuant to the exercise of stock options within 60 days of August 23, 2024.
F3 The shares beneficially owned by the Reporting person were received from a distribution from AHAC Sponsor III, LLC to its members. Fifty percent (50%) of such shares are subject to forfeiture if, in the five years after July 14, 2023, the price of the common stock does not exceed $11.50 for any 20 trading days within any 30-trading day period.