Mitchell Shuster Steiner - May 15, 2024 Form 4 Insider Report for VERU INC. (VERU)

Role
President and CEO, Director
Signature
/s/ Phil R. Greenberg, via Power of Attorney
Stock symbol
VERU
Transactions as of
May 15, 2024
Transactions value $
-$246,929
Form type
4
Date filed
5/17/2024, 07:41 PM
Previous filing
May 9, 2024
Next filing
May 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VERU Common Stock Sale -$126K -84K -1.17% $1.50 7.1M May 15, 2024 Direct F1, F2
transaction VERU Common Stock Sale -$84.1K -59.8K -0.84% $1.41 7.04M May 16, 2024 Direct F1, F3
transaction VERU Common Stock Sale -$37K -28.1K -0.4% $1.32 7.01M May 17, 2024 Direct F1, F4
holding VERU Common Stock 144K May 15, 2024 Footnote F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Dr. Steiner sold the shares referenced above to help address certain personal matters. The sold shares represent only 1.7% of Dr. Steiner's total beneficial ownership in the Company. After these sales, Dr. Steiner will beneficially own 9,686,180 shares, and will continue to be the Company's second largest shareholder.
F2 The price reported above is the weighted average transaction price. The range of prices for such transactions is $1.4800 to $1.5200. Upon request by the Commission staff, the reporting person will provide full information regarding the number of shares sold at each separate price.
F3 The price reported above is the weighted average transaction price. The range of prices for such transactions is $1.3800 to $1.4650. Upon request by the Commission staff, the reporting person will provide full information regarding the number of shares sold at each separate price.
F4 The price reported above is the weighted average transaction price. The range of prices for such transactions is $1.3000 to $1.3450. Upon request by the Commission staff, the reporting person will provide full information regarding the number of shares sold at each separate price.
F5 Shares are held by four individual trusts with each trust for the benefit of an adult child of the reporting person. The reporting person is the trustee of each of the trusts. The reporting person disclaims beneficial ownership of these shares, except to the extent of any pecuniary interest therein and this report shall not be deemed an admission that the reporting person is the beneficial owner of these shares for purposes of Section 16 or any other purpose.