Jack Heilbron - Sep 22, 2023 Form 4 Insider Report for CONDUIT PHARMACEUTICALS INC. (MURF)

Role
Former CEO,director&10% owner
Signature
/s/ Jack K. Heilbron, as President of Managing Member of Murphy Canyon Acquisition Sponsor, LLC
Stock symbol
MURF
Transactions as of
Sep 22, 2023
Transactions value $
$8,153,500
Form type
4
Date filed
9/26/2023, 05:30 PM
Previous filing
Sep 6, 2023
Next filing
Sep 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MURF Common Stock Options Exercise $0 +4.06M $0.00 4.06M Sep 22, 2023 See footnote F1, F2, F3
transaction MURF Common Stock Other $0 -45K -1.11% $0.00 4.02M Sep 22, 2023 See footnote F1, F3, 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 MURF Warrants Options Exercise $8.67M +754K $11.50 754K Sep 22, 2023 Common Stock 754K $11.50 See footnote F1, F3, F6
transaction MURF Warrants Other -$518K -45K -5.97% $11.50 709K Sep 22, 2023 Common Stock 709K $11.50 See footnote F3, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jack Heilbron is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Upon consummation of the issuer's initial business combination (the "IBC"), the issuer's shares of Class B common stock were converted into shares of Class A common stock and the shares of Class A common stock were then reclassified as a single class of common stock.
F2 Includes (i) 3,306,250 shares of common stock due to the conversion of the shares of Class B common stock into shares of Class A common stock and then reclassification into shares of Company common stock and (ii) 754,000 shares of common stock, which prior to the IBC were shares of Class A common stock.
F3 Held by Murphy Canyon Acuqisition Sponsor, LLC (the "Sponsor"). Jack K. Heilbron is the President of the Managing Member of the Sponsor. Mr. Heilbron disclaims any such beneficial ownership except to the extent of his pecuniary interest. Mr. Heilbron resigned as Chief Executive Officer and Chairman of the issuer upon the consummation of the IBC.
F4 Immediately following the consummation of the IBC, Murphy Canyon Acquisition Sponsor, LLC transferred 45,000 shares of common stock as consideration for their services to three directors, two of whom had resigned upon consummation of the IBC.
F5 Includes (i) 3,306,250 shares of common stock due to the conversion of the shares of Class B common stock into shares of Class A common stock and then reclassification into shares of Company common stock and (ii) 709,000 shares of common stock, which prior to the IBC were shares of Class A common stock.
F6 Includes 754,000 shares of common stock, which prior to the IBC were shares of Class A common stock.
F7 Immediately following the consummation of the IBC, Murphy Canyon Acquisition Sponsor, LLC transferred 45,000 warrants as consideration for their services to three directors, two of whom had resigned upon consummation of the IBC.
F8 Includes 709,000 shares of common stock, which prior to the IBC were shares of Class A common stock.