Kevin Schuyler - 23 Dec 2021 Form 4 Insider Report for ADIAL PHARMACEUTICALS, INC. (ADIL)

Role: Director, 10%+ Owner
Signature: /s/ Kevin Schuyler
Issuer symbol: ADIL
Transactions as of: 23 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 23 Dec 2021, 16:04:52 UTC
Next filing: 25 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADIL	Common Stock	Gift	$0	-312,990	-100%	$0.000000^*	0	23 Dec 2021	Direct	F1
holding	ADIL	Common Stock						3,042	23 Dec 2021	Owned by Mr. Schuyler's wife, Carolyn M. Schuyler
holding	ADIL	Common Stock						144,200	23 Dec 2021	Owned by MVA 151 Investors, LLC	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
transaction	ADIL	Warrant to purchase common stock	Gift	$0	-90,000	-100%	$0.000000^*	0	23 Dec 2021	Common Stock	90,000	$6.25	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Mr. Schuyler gifted the securities to a newly formed charitable trust (the "Trust"), the trustee of which is his adult son who controls the Trust.
F2	Mr. Schuyler has control over MVA 151 Investors, LLC.