Robyn Hunter - Sep 21, 2021 Form 4 Insider Report for Fortress Biotech, Inc. (FBIO)

Signature
/s/ Robyn Hunter
Stock symbol
FBIO
Transactions as of
Sep 21, 2021
Transactions value $
-$88,554
Form type
4
Date filed
4/29/2022, 04:25 PM
Next filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FBIO Common Stock, par value $0.001 Sale -$88.6K -28.3K -14.72% $3.13* 164K Sep 21, 2021 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In connection with the vesting of 62,500 shares on September 20, 2021, a total of 28,292 of such shares were sold by the Issuer in order to satisfy the Reporting Person's tax withholding obligations. The Reporting Person had no discretion with respect to such sale, which was conducted automatically in accordance with the Issuer's corporate policies.
F2 Reflects the weighted average sale price of multiple same-way open market sale transactions effected by the Reporting Person on the same day at different prices through a sale order executed by a broker-dealer. The Reporting Person reported on a single line all such transactions that occurred within a one-dollar price range. The range of prices for the sale transactions on September 21, 2021, was $3.11 to $3.14. The Reporting Person hereby undertakes to provide upon request by the Securities Exchange Commission staff, the Issuer, or a shareholder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 Of the 163,877 shares, 34,208 shares are restricted stock units.