Bradley A. Feld - Jan 12, 2023 Form 4 Insider Report for Molekule Group, Inc. (MKUL)

Role
Director, 10%+ Owner
Signature
/s/ Bradley A. Feld
Stock symbol
MKUL
Transactions as of
Jan 12, 2023
Transactions value $
$0
Form type
4
Date filed
1/17/2023, 05:23 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MKUL Common Stock Award +7.22M 7.22M Jan 12, 2023 By Foundry Group Next, L.P. F1, F2, F3
holding MKUL Common Stock 92K Jan 12, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Received pursuant to the Agreement and Plan of Merger dated as of October 3, 2022 (the "Merger Agreement") by and among the Issuer, Air King Merger Sub Inc., a Delaware corporation and direct wholly-owned subsidiary of the Issuer ("Merger Sub"), and Molekule, Inc., a Delaware corporation ("Molekule"). Pursuant to the Merger Agreement, Merger Sub merged with and into Molekule, with Molekule continuing as the surviving entity and a wholly-owned subsidiary of the Issuer (the "Merger").
F2 Received in the Merger in exchange for 53,725,891 shares of capital stock of Molekule held by Foundry Group Next, L.P. ("Foundry").
F3 Shares are held by Foundry. FG Next GP, L.L.C. ("Foundry GP") is the general partner of Foundry and may be deemed to beneficially own these shares. The Reporting Person is a managing member of Foundry GP, and may be deemed to share voting and investment power over these shares. The Reporting Person disclaims beneficial ownership in these shares except to the extent of his pecuniary interest therein.