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

Role: Director, 10%+ Owner
Signature: /s/ Kevin Schuyler
Stock symbol: ADIL
Transactions as of: Dec 23, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/23/2021, 04:04 PM
Next filing: Feb 25, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ADIL	Common Stock	Gift	$0	-313K	-100%	$0.00^*	0	Dec 23, 2021	Direct	F1
holding	ADIL	Common Stock						3.04K	Dec 23, 2021	Owned by Mr. Schuyler's wife, Carolyn M. Schuyler
holding	ADIL	Common Stock						144K	Dec 23, 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	-90K	-100%	$0.00^*	0	Dec 23, 2021	Common Stock	90K	$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.