Andrew J. Schwab - 11 Sep 2024 Form 4 Insider Report for Skye Bioscience, Inc. (SKYE)

Signature
/s/ Andrew J. Schwab
Issuer symbol
SKYE
Transactions as of
11 Sep 2024
Net transactions value
-$1,750,352
Form type
4
Filing time
13 Sep 2024, 18:56:11 UTC
Previous filing
15 Mar 2024
Next filing
10 Oct 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SKYE Common Stock Sale $1,416,070 -214,556 -2.6% $6.60 8,178,964 11 Sep 2024 By 5AM Ventures VII, L.P. F1
transaction SKYE Common Stock Sale $240,926 -36,504 -2.1% $6.60 1,681,685 11 Sep 2024 By 5AM Ventures II, L.P. F2
transaction SKYE Common Stock Sale $9,504 -1,440 -2.1% $6.60 66,356 11 Sep 2024 By 5AM Co-Investors II, L.P. F3
transaction SKYE Common Stock Sale $71,253 -11,758 -0.14% $6.06 8,167,206 13 Sep 2024 By 5AM Ventures VII, L.P. F1, F4
transaction SKYE Common Stock Sale $12,120 -2,000 -0.12% $6.06 1,679,685 13 Sep 2024 By 5AM Ventures II, L.P. F2, F4
transaction SKYE Common Stock Sale $479 -79 -0.12% $6.06 66,277 13 Sep 2024 By 5AM Co-Investors II, L.P. F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are directly held by 5AM Ventures VII, L.P. ("Ventures VII"). 5AM Partners VII, LLC ("Partners VII") is the sole general partner of Ventures VII. The Reporting Person is a managing member of Partners VII and may be deemed to have shared voting and investment power over the shares beneficially owned by Ventures VII. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F2 The securities are directly held by 5AM Ventures II, L.P. ("Ventures II"). 5AM Partners II, LLC ("Partners II") is the sole general partner of Ventures II. The Reporting Person is a managing member of Partners II and may be deemed to have shared voting and investment power over the shares beneficially owned by Ventures II. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F3 The securities are directly held by 5AM Co-Investors II, L.P. ("Co-Investors II"). Partners II is the sole general partner of Co-Investors II. The Reporting Person is a managing member of Partners II and may be deemed to have shared voting and investment power over the shares beneficially owned by Co-Investors II. The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.05 to $6.11 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.