Vithalbhai Dhaduk - Apr 14, 2023 Form 4 Insider Report for MARIZYME INC (MRZM)

Role: Chairman of the Board, Director, 10%+ Owner
Signature: /s/ Vithalbhai Dhaduk
Stock symbol: MRZM
Transactions as of: Apr 14, 2023
Transactions value $: $106,394
Form type: 4
Date filed: 4/20/2023, 03:18 PM
Previous filing: Jun 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MRZM	Common Stock	Award	$106K	+1.06M	+30%	$0.10	4.61M	Apr 14, 2023	By spouse	F1

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	MRZM	Warrant (right to buy)	Disposed to Issuer	$0	-1.06M	-100%	$0.00^*	0	Apr 14, 2023	Common Stock	1.06M	$5.00	By spouse	F1
transaction	MRZM	Warrant (right to buy)	Award	$0	+1.06M		$0.00	1.06M	Apr 14, 2023	Common Stock	1.06M	$0.10	By spouse	F1
transaction	MRZM	Warrant (right to buy)	Disposed to Issuer	$0	-1.06M	-100%	$0.00^*	0	Apr 14, 2023	Common Stock	1.06M	$0.10	By spouse	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported transactions involved an amendment of an outstanding warrant, resulting in the deemed cancellation of the original warrant and the grant of an amended warrant, and the full exercise of the amended warrant for cash. The reporting person no longer has a reportable beneficial interest in 5,294,070 shares of the issuer's common stock owned by the reporting person's children and included in certain prior ownership reports of the reporting person.

Content

The reported transactions involved an amendment of an outstanding warrant, resulting in the deemed cancellation of the original warrant and the grant of an amended warrant, and the full exercise of the amended warrant for cash. The reporting person no longer has a reportable beneficial interest in 5,294,070 shares of the issuer's common stock owned by the reporting person's children and included in certain prior ownership reports of the reporting person.