Leonard L. Mazur - 11 Oct 2021 Form 4 Insider Report for Citius Pharmaceuticals, Inc. (CTXR)

Role: Executive Chairman, Director, 10%+ Owner
Signature: /s/ Alexander M. Donaldson, by power of attorney
Issuer symbol: CTXR
Transactions as of: 11 Oct 2021
Net transactions value: $0
Form type: 4
Filing time: 13 Oct 2021, 17:25:45 UTC
Previous filing: 26 Jul 2021
Next filing: 11 Jan 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CTXR	Common Stock						10,255,343	11 Oct 2021	Direct

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
transaction	CTXR	Option to Purchase Common Stock	Award	$0	+650,000		$0.000000	650,000	11 Oct 2021	Common Stock	650,000	$2.04	Direct	F8
holding	CTXR	Options to Purchase Common Stock						40,000	11 Oct 2021	Common Stock	40,000	$3.45	Direct	F1
holding	CTXR	Warrant to Purchase Common Stock						421,400	11 Oct 2021	Common Stock	421,400	$4.12	Direct	F2
holding	CTXR	Warrant to Purchase Common Stock						11,000	11 Oct 2021	Common Stock	11,000	$4.12	Direct	F2
holding	CTXR	Options to Purchase Common Stock						220,000	11 Oct 2021	Common Stock	220,000	$6.75	Direct	F3
holding	CTXR	Warrant to Purchase Common Stock						106,553	11 Oct 2021	Common Stock	106,553	$4.63	Direct	F2
holding	CTXR	Warrant to Purchase Common Stock						167,504	11 Oct 2021	Common Stock	167,504	$2.86	Direct	F2
holding	CTXR	Warrant to Purchase Common Stock						3,137,255	11 Oct 2021	Common Stock	3,137,255	$1.15	Direct	F2
holding	CTXR	Options to Purchase Common Stock						150,000	11 Oct 2021	Common Stock	150,000	$1.62	Direct	F4
holding	CTXR	Warrant to Purchase Common Stock						1,615,048	11 Oct 2021	Common Stock	1,165,048	$1.42	Direct	F2
holding	CTXR	Warrant to Purchase Common Stock						2,234,700	11 Oct 2021	Common Stock	2,234,700	$0.7700	Direct	F2
holding	CTXR	Options to Purchase Common Stock						175,000	11 Oct 2021	Common Stock	175,000	$0.6700	Direct	F5
holding	CTXR	Options to Purchase Common Stock						200,000	11 Oct 2021	Common Stock	200,000	$1.01	Direct	F6
holding	CTXR	Options to Purchase Common Stock						300,000	11 Oct 2021	Common Stock	300,000	$2.00	Direct	F7

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

Explanation of Responses:

Id	Content
F1	One-third of the shares of the Company's common stock underlying the grant vest on the first anniversary of the vesting commencement date, September 13, 2018. The remaining shares of the Company's common stock underlying the grant vest in equal monthly installments at the end of each month for two years following the initial vest, provided the Reporting Person continues to serve as a member of the Company's Board of Directors as of each such vesting date.
F2	The warrant is fully vested and exercisable immediately.
F3	The option vested as to 40% of the shares of the Company's common stock on September 12, 2014 and 15% of the shares on each of September 12, 2015, March 12 and September 12, 2016 and September 12, 2017.
F4	One-third of the shares of the Company's common stock underlying the grant vest on each of the one-year, two-year and three-year anniversary of the vesting commencement date, September 4, 2018, provided that the Reporting Person provides continuous services to the Company as of each such vesting date.
F5	The options were granted on October 8, 2019. The options will vest 1/3 on each of the one-year, two-year and three-year anniversary of the Vesting Commencement Date, provided that the Optionee provides Continuous Service to the Company as of each such vesting date.
F6	The options were granted on October 6, 2020. The options will vest 1/3 on each of the one-year, two-year and three-year anniversary of the Vesting Commencement Date, provided that the Optionee provides Continuous Service to the Company as of each such vesting date.
F7	The options were granted on July 22, 2021. The options will vest 1/3 on each of the one-year, two-year and three-year anniversary of the Vesting Commencement Date, provided that the Optionee provides Continuous Service to the Company as of each such vesting date.
F8	The options were granted on October 11, 2021. The options will vest 1/3 on each of the one-year, two-year and three-year anniversary of the Vesting Commencement Date, provided that the Optionee provides Continuous Service to the Company as of each such vesting date.