Justyna Kelly - Dec 27, 2023 Form 4 Insider Report for POINT Biopharma Global Inc. (PNT)

Role: Chief Operating Officer
Signature: /s/ William L. Demers, by Power of Attorney for Justyna Kelly
Stock symbol: PNT
Transactions as of: Dec 27, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/27/2023, 05:40 PM
Previous filing: Mar 30, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PNT	Stock Option (Right to Buy)	Disposed to Issuer	-26.9K	-100%	Dec 27, 2023	Common Stock	26.9K	$6.97	Direct	F1, F2
transaction	PNT	Stock Option (Right to Buy)	Disposed to Issuer	-4.93K	-100%	Dec 27, 2023	Common Stock	4.93K	$8.47	Direct	F1, F2
transaction	PNT	Stock Option (Right to Buy)	Disposed to Issuer	-70K	-100%	Dec 27, 2023	Common Stock	70K	$6.40	Direct	F1, F2
transaction	PNT	Stock Option (Right to Buy)	Disposed to Issuer	-78K	-100%	Dec 27, 2023	Common Stock	78K	$8.13	Direct	F1, F2
transaction	PNT	Stock Option (Right to Buy)	Disposed to Issuer	-98.4K	-100%	Dec 27, 2023	Common Stock	98.4K	$6.78	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Justyna Kelly is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 2, 2023, by and among POINT Biopharma Global Inc. (the "Issuer"), Eli Lilly and Company (the "Parent"), and Yosemite Falls Acquisition Corporation, a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub completed a cash tender offer for shares of common stock of the Issuer (each, a "Share"). After completion of the cash tender offer, Merger Sub merged with and into the Issuer (the "Merger"), effective as of December 27, 2023 (the "Effective Time").
F2	At the Effective Time, each issued and outstanding Share was cancelled and converted into the right to receive $12.50 in cash (the "Merger Consideration"), without interest and less any applicable tax withholding. Pursuant to the terms of the Merger Agreement, at the Effective Time, each option (whether vested or unvested) that was outstanding and unexercised immediately prior to the Effective Time, was cancelled and converted into the right to receive, for each Share underlying such option, an amount in cash, without interest, less any applicable tax withholding, equal to the excess, if any, of the Merger Consideration over the exercise price per share of such option. Each option that was outstanding and unexercised immediately prior to the Effective Time which had a per share exercise price greater than or equal to the Merger Consideration was cancelled with no consideration payable.

Content

This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 2, 2023, by and among POINT Biopharma Global Inc. (the "Issuer"), Eli Lilly and Company (the "Parent"), and Yosemite Falls Acquisition Corporation, a wholly owned subsidiary of Parent ("Merger Sub"), pursuant to which Merger Sub completed a cash tender offer for shares of common stock of the Issuer (each, a "Share"). After completion of the cash tender offer, Merger Sub merged with and into the Issuer (the "Merger"), effective as of December 27, 2023 (the "Effective Time").

At the Effective Time, each issued and outstanding Share was cancelled and converted into the right to receive $12.50 in cash (the "Merger Consideration"), without interest and less any applicable tax withholding. Pursuant to the terms of the Merger Agreement, at the Effective Time, each option (whether vested or unvested) that was outstanding and unexercised immediately prior to the Effective Time, was cancelled and converted into the right to receive, for each Share underlying such option, an amount in cash, without interest, less any applicable tax withholding, equal to the excess, if any, of the Merger Consideration over the exercise price per share of such option. Each option that was outstanding and unexercised immediately prior to the Effective Time which had a per share exercise price greater than or equal to the Merger Consideration was cancelled with no consideration payable.