Versant Ventures III, LLC - 18 Aug 2023 Form 3 Insider Report for Skye Bioscience, Inc. (SKYE)

Role: 10%+ Owner
Signature: Versant Ventures III, LLC, By /s/ Max Eisenberg, Chief Operating Officer
Issuer symbol: SKYE
Transactions as of: 18 Aug 2023
Net transactions value: $0
Form type: 3
Filing time: 28 Aug 2023, 16:16:33 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SKYE	Common Stock						498,978,878	18 Aug 2023	By Versant Venture Capital III, L.P.	F1
holding	SKYE	Common Stock						2,946,924	18 Aug 2023	By Versant Side Fund III, L.P.	F2

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

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	SKYE	Warrant (Right to Buy)							18 Aug 2023	Common Stock	130,043,230	$0.0206	By Versant Venture Capital III, L.P.	F1
holding	SKYE	Warrant (Right to Buy)							18 Aug 2023	Common Stock	768,124	$0.0206	By Versant Side Fund III, L.P.	F2

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

Explanation of Responses:

Id	Content
F1	Securities are directly held by Versant Venture Capital III, L.P. ("Versant III"). Versant Ventures III, LLC ("Versant Ventures III") is the sole general partner of Versant III and may be deemed to share voting and dispositive power over the securities held by Versant III. Versant Ventures III disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.
F2	Securities are directly held by Versant Side Fund III, L.P. ("Side Fund III"). Versant Ventures III is the sole general partner of Side Fund III and may be deemed to share voting and dispositive power over the securities held by Side Fund III. Versant Ventures III disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.

Content

Securities are directly held by Versant Venture Capital III, L.P. ("Versant III"). Versant Ventures III, LLC ("Versant Ventures III") is the sole general partner of Versant III and may be deemed to share voting and dispositive power over the securities held by Versant III. Versant Ventures III disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.

Securities are directly held by Versant Side Fund III, L.P. ("Side Fund III"). Versant Ventures III is the sole general partner of Side Fund III and may be deemed to share voting and dispositive power over the securities held by Side Fund III. Versant Ventures III disclaims beneficial ownership of such securities, except to the extent of its pecuniary interest therein.