Geoffrey Dow - Nov 21, 2023 Form 4 Insider Report for 60 DEGREES PHARMACEUTICALS, INC. (SXTP)

Role
President and CEO, Director
Signature
/s/ Geoffrey Dow
Stock symbol
SXTP
Transactions as of
Nov 21, 2023
Transactions value $
$21,933
Form type
4
Date filed
5/21/2024, 08:19 PM
Previous filing
Jul 12, 2023
Next filing
Feb 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SXTP Common Stock Options Exercise $18.1K +68K +10.04% $0.27 746K Apr 12, 2024 Direct F1
transaction SXTP Common Stock Options Exercise $3.79K +17K +2.28% $0.22 763K May 16, 2024 Direct F1, 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 SXTP Restricted Stock Units Award $0 +85K $0.00 85K Nov 21, 2023 Common Stock 85K $0.00 Direct F3
transaction SXTP Restricted Stock Units Options Exercise $0 -68K -80% $0.00 17K Apr 12, 2024 Common Stock 68K $0.00 Direct F3, F4
transaction SXTP Restricted Stock Units Options Exercise $0 -17K -100% $0.00* 0 May 16, 2024 Common Stock 17K $0.00 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Geoffrey Dow was granted a total of 85,000 restricted stock units ("RSUs") on November 21, 2023 that were fully vested as of the grant date. 68,000 shares underlying the RSUs were settled on April 12, 2024 (the "4/24 Shares"). Geoffrey Dow owned 10,482 shares of common stock and through the Geoffrey S. Dow Revocable Trust (the "Dow Trust"), as trustee and having control over the voting and disposition of the shares of common stock held by the Dow Trust, owned 667,143 shares of common stock immediately prior to the issuance of the 4/24 Shares. As of April 12, 2024, Geoffrey Dow owned a total of 745,625 shares of common stock, consisting of (i) 78,482 shares of common stock held in the name of Geoffrey Dow and (ii) 667,143 shares of common stock held by the Dow Trust.
F2 17,000 shares underlying the RSUs were settled on May 16, 2024 (the "5/24 Shares"). Geoffrey Dow owned 78,482 shares of common stock and through the Dow Trust owned 667,143 shares of common stock immediately prior to the issuance of the 5/24 Shares. As of May 16, 2024, Geoffrey Dow owned a total of 762,625 shares of common stock, consisting of (i) 95,482 shares of common stock held in the name of Geoffrey Dow and (ii) 667,143 shares of common stock held by the Dow Trust.
F3 Geoffrey Dow was granted a total of 85,000 restricted stock units on November 21, 2023 that were fully vested as of the grant date. Each RSU represents the right to receive, at settlement, one share of common stock.
F4 68,000 shares underlying the RSUs were settled on April 12, 2024. After the settlement of the shares of common stock that were underlying the 68,000 RSUs, Geoffrey Dow owned a total of 17,000 RSUs.
F5 17,000 shares underlying the RSUs were settled as of May 16, 2024. After the settlement of the shares of common stock that were underlying the 17,000 RSUs, Geoffrey Dow did not own any RSUs.