Thomas Thomas T. - 21 Sep 2021 Form 4 Insider Report for OPIANT PHARMACEUTICALS, INC.

Role
Director
Signature
/s/ Thomas T. Thomas
Issuer symbol
N/A
Transactions as of
21 Sep 2021
Net transactions value
-$90.42
Form type
4
Filing time
23 Sep 2021, 16:05:54 UTC
Previous filing
16 Sep 2021
Next filing
14 Jun 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OPNT Common Stock Options Exercise $20,000 +2,000 +25% $10.00 10,107 21 Sep 2021 Direct
transaction OPNT Common Stock Sale $1,444 -60 -0.59% $24.07 10,047 21 Sep 2021 Direct F1, F2
transaction OPNT Common Stock Sale $18,597 -771 -7.7% $24.12 9,276 21 Sep 2021 Direct F1, F3
transaction OPNT Common Stock Options Exercise $18,340 +1,834 +20% $10.00 11,110 22 Sep 2021 Direct
transaction OPNT Common Stock Sale $18,390 -735 -6.6% $25.02 10,375 22 Sep 2021 Direct F1, F4, F5

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 OPNT Stock Option (right to buy) Options Exercise $0 -2,000 -52% $0.000000 1,834 21 Sep 2021 Common Stock 2,000 $10.00 Direct F6, F7
transaction OPNT Stock Option (right to buy) Options Exercise $0 -1,834 -100% $0.000000* 0 22 Sep 2021 Common Stock 1,834 $10.00 Direct F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares were sold pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
F2 The shares were sold to cover the $10 exercise price of the vested stock options. The net shares of 25, after selling to cover the exercise price, will be held by the Reporting Person.
F3 The shares were sold to cover the $10 exercise price of the vested stock options. The net shares of 1,144, after selling to cover the exercise price, will be held by the Reporting Person.
F4 The shares were sold to cover the $10 exercise price of the vested stock options. The net shares of 1,099, after selling to cover the exercise price, will be held by the Reporting Person.
F5 This transaction was executed in multiple trades at prices ranging from $24.52 to $25.04. The price reported above reflects the weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F6 The option was exercised pursuant to a Rule 10b5-1 trading plan entered into by the Reporting Person.
F7 On November 4, 2016, the reporting person was granted an option to purchase 35,000 shares of Common Stock. The options vest as follows: (i) 11,667 share upon the up listing of the Issuer to The NASDAQ Stock Market (which occurred on August 29, 2017); (ii) 11,667 shares upon the cumulative funding of the Issuer in excess of $5,000,000 by institutional investors, commencing May 5, 2016 (which performance criteria was met on December 13, 2016); and (iii) 11,666 shares upon the first submission of a New Drug Application ("NDA") to the FDA for one of Issuer's products by either the Issuer or an Issuer licensee.