Dale Chappell - Mar 8, 2022 Form 4 Insider Report for HUMANIGEN, INC (HGEN)

Role
Chief Scientific Officer, Director, 10%+ Owner
Signature
BLACK HORSE CAPITAL LP By: Black Horse Capital Management LLC, its Managing General Partner By: /s/ Dale Chappell Name: Dale Chappell Title: Manager
Stock symbol
HGEN
Transactions as of
Mar 8, 2022
Transactions value $
$4,663
Form type
4
Date filed
3/10/2022, 06:24 PM
Previous filing
Mar 4, 2022
Next filing
Mar 15, 2022

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 HGEN Call Option (Right to Buy) Purchase $286 +238 +29.31% $1.20 1.05K Mar 8, 2022 Common Stock, $0.001 par value 23.8K $2.50 By Black Horse Capital LP F1, F2
transaction HGEN Call Option (Right to Buy) Purchase $6.00 +5 +0.48% $1.20 1.06K Mar 9, 2022 Common Stock, $0.001 par value 500 $2.50 By Black Horse Capital LP F1, F2
transaction HGEN Call Option (Right to Buy) Purchase $116 +147 +79.89% $0.79 331 Mar 9, 2022 Common Stock, $0.001 par value 14.7K $5.00 By Black Horse Capital LP F1, F2
transaction HGEN Call Option (Right to Buy) Purchase $59.30 +79 +23.87% $0.75 410 Mar 10, 2022 Common Stock, $0.001 par value 7.9K $5.00 By Black Horse Capital LP F1, F2
transaction HGEN Call Option (Right to Buy) Purchase $571 +476 +29.29% $1.20 2.1K Mar 8, 2022 Common Stock, $0.001 par value 47.6K $2.50 By Black Horse Capital Master Fund Ltd. F1, F3
transaction HGEN Call Option (Right to Buy) Purchase $12.00 +10 +0.48% $1.20 2.11K Mar 9, 2022 Common Stock, $0.001 par value 1K $2.50 By Black Horse Capital Master Fund Ltd. F1, F3
transaction HGEN Call Option (Right to Buy) Purchase $231 +293 +79.62% $0.79 661 Mar 9, 2022 Common Stock, $0.001 par value 29.3K $5.00 By Black Horse Capital Master Fund Ltd. F1, F3
transaction HGEN Call Option (Right to Buy) Purchase $118 +157 +23.75% $0.75 818 Mar 10, 2022 Common Stock, $0.001 par value 15.7K $5.00 By Black Horse Capital Master Fund Ltd. F1, F3
transaction HGEN Call Option (Right to Buy) Purchase $2K +1.67K +29.32% $1.20 7.36K Mar 8, 2022 Common Stock, $0.001 par value 167K $2.50 By Cheval Holdings, Ltd. F1, F4
transaction HGEN Call Option (Right to Buy) Purchase $43.20 +36 +0.49% $1.20 7.39K Mar 9, 2022 Common Stock, $0.001 par value 3.6K $2.50 By Cheval Holdings, Ltd. F1, F4
transaction HGEN Call Option (Right to Buy) Purchase $807 +1.03K +79.53% $0.79 2.32K Mar 9, 2022 Common Stock, $0.001 par value 103K $5.00 By Cheval Holdings, Ltd. F1, F4
transaction HGEN Call Option (Right to Buy) Purchase $413 +550 +23.75% $0.75 2.87K Mar 10, 2022 Common Stock, $0.001 par value 55K $5.00 By Cheval Holdings, Ltd. F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed jointly by Black Horse Capital LP (the "Domestic Fund"), Black Horse Capital Master Fund Ltd. (the "Offshore Fund"), Cheval Holdings, Ltd. ("Cheval"), Black Horse Capital Management LLC ("BH Management") and Dale Chappell (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein. The filing of this Form 4 shall not be deemed an admission that the Reporting Persons are, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, the beneficial owners of any securities of the Issuer he or it does not directly own.
F2 Securities owned directly by the Domestic Fund. BH Management, as the managing general partner of the Domestic Fund, may be deemed to beneficially own the securities owned directly by the Domestic Fund. Dale Chappell, as the managing member of BH Management, may be deemed to beneficially own the securities owned directly by the Domestic Fund.
F3 Securities owned directly by the Offshore Fund. Dale Chappell, as the controlling person of the Offshore Fund, may be deemed to beneficially own the securities owned directly by the Offshore Fund.
F4 Securities owned directly by Cheval. Each of BH Management, by virtue of having been granted by the Board of Directors of Cheval the power to manage the securities of the Issuer owned by Cheval, and Dale Chappell, as the managing member of BH Management, may be deemed to beneficially own the securities owned directly by Cheval.