Jeremy M. Levin - 11 Dec 2025 Form 4 Insider Report for Ovid Therapeutics Inc. (OVID)

Signature
/s/ Jeremy Levin
Issuer symbol
OVID
Transactions as of
11 Dec 2025
Net transactions value
$0
Form type
4
Filing time
18 Dec 2025, 16:15:07 UTC
Previous filing
24 Feb 2025
Next filing
02 Mar 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LEVIN JEREMY M CEO, Director C/O OVID THERAPEUTICS INC., 441 NINTH AVENUE, 14TH FLOOR, NEW YORK /s/ Jeremy Levin 18 Dec 2025 0001256153

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OVID Common Stock Conversion of derivative security +71,000 +2% 3,687,715 15 Dec 2025 Direct F1
holding OVID Common Stock 35,461 11 Dec 2025 See Footnote 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 OVID Series B Convertible Preferred Stock Purchase +71 71 11 Dec 2025 Common Stock 71,000 Direct F1, F3
transaction OVID Series A Warrant (right to buy) Purchase +47,333 47,333 11 Dec 2025 Common Stock 47,333 $1.40 Direct F3, F4, F5
transaction OVID Series B Warrant (right to buy) Purchase +35,500 35,500 11 Dec 2025 Common Stock 35,500 $1.40 Direct F3, F6
transaction OVID Series B Convertible Preferred Stock Conversion of derivative security $0 -71 -100% $0.000000 0 15 Dec 2025 Common Stock 71,000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series B Convertible Preferred Stock automatically converted into 1,000 shares Common Stock at 5 p.m. Eastern Time on December 15, 2025, pursuant to the approval of the Issuer's Stockholders on December 11, 2025.
F2 The reportable securities are owned directly by Divo Holdings, LLC ("Divo"). The Reporting Person's spouse is the manager of Divo. The Reporting Person disclaims beneficial ownership of the shares held by Divo and this report shall not be deemed an admission of beneficial ownership of such shares for the purposes of Section 16 or for any other purpose.
F3 The reported securities are included within 71 investment units purchased by the Reporting Person for $1,400 per investment unit. Each investment unit consists of one share of Series B Convertible Preferred Stock, one Series A Warrant to purchase 666.66 shares of common stock, and one Series B Warrant to purchase 500 shares of common stock.
F4 Each Series A Warrant became immediately exercisable pursuant to the approval of the Issuer's Stockholders on December 11, 2025.
F5 The Series A Warrants will terminate upon the earlier of (a) the 30th calendar day following date on which we publicly announce the clearance of the first of any investigational new drug application, clinical trial application or other foreign equivalent with respect to the clinical development of our OV4071 product candidate; provided that such 30-calendar day period shall not commence unless and until a registration statement covering the resale of the shares of Common Stock issuable upon exercise of the Series A Warrants is effective; and (b) October 6, 2030.
F6 Each Series B Warrant became immediately exercisable pursuant to the approval of the Issuer's Stockholders on December 11, 2025.