Lindsay A. Rosenwald MD - 01 Jun 2021 Form 4 Insider Report for Fortress Biotech, Inc. (FBIO)

Signature
/s/ Samuel Berry, Attorney-in-Fact
Issuer symbol
FBIO
Transactions as of
01 Jun 2021
Net transactions value
+$6,021
Form type
4
Filing time
29 Apr 2022, 16:22:00 UTC
Previous filing
06 Apr 2023
Next filing
11 Jun 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FBIO COMMON STOCK, PAR VALUE $0.001 Award $2,996 +1,297 +0.01% $2.31 10,408,336 01 Jun 2021 Direct F1
transaction FBIO COMMON STOCK, PAR VALUE $0.001 Other $0 +8,133 +0.08% $0.000000 10,416,469 30 Sep 2021 Direct F2
transaction FBIO COMMON STOCK, PAR VALUE $0.001 Other $0 +4,619 +0.04% $0.000000 10,421,088 16 Nov 2021 Direct F3
transaction FBIO COMMON STOCK, PAR VALUE $0.001 Award $3,025 +1,250 +0.01% $2.42 10,422,338 01 Dec 2021 Direct F1
transaction FBIO COMMON STOCK, PAR VALUE $0.001 Award $0 +1,102,986 +11% $0.000000 11,525,324 01 Jan 2022 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares acquired as purchases made under the Issuer's Employee Stock Purchase Plan ("ESPP") during the ESPP offering period.
F2 The shares were issued as a dividend pursuant to the Dividend Payment and Exchange Agreement executed by Fortress Biotech, Inc. on March 31, 2021 in favor of the holders of Journey Medical Corporation's 8% Cumulative Convertible Class A Preferred Stock.
F3 The shares were issued upon the consummation of Journey Medical Corporation ("Journey's") initial public offering as a partial dividend pursuant to the Dividend Payment and Exchange Agreement executed by Fortress Biotech, Inc. on March 31, 2021 in favor of the holders of Journey's 8% Cumulative Convertible Class A Preferred Stock.
F4 The reporting person was granted 1,102,986 restricted shares pursuant to the issuer's Long-Term Incentive Plan on January 1, 2022.