Erica L. Monaco - 18 May 2023 Form 4 Insider Report for Biofrontera Inc. (BFRI)

Role: Chief Executive Officer
Signature: /s/ Daniel Hakansson, Attorney-in-fact for Erica L Monaco
Issuer symbol: BFRI
Transactions as of: 18 May 2023
Net transactions value: $0
Form type: 4
Filing time: 22 May 2023, 21:03:05 UTC
Previous filing: 19 Sep 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BFRI	Common Stock	Options Exercise		+76,336	+135%		133,025	18 May 2023	Direct	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	BFRI	Restricted Stock Units	Options Exercise	$0	-76,336	-50%	$0.000000	76,336	18 May 2023	Commom Stock	76,336		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Restricted stock units covert into common stock on a one-for-one basis.
F2	On May 18, 2022, the reporting person was granted 152,672 restricted stock units, vesting in two equal annual installments beginning on May 18,2023.