Robert L. Davidow - 11 Dec 2023 Form 4 Insider Report for AVENUE THERAPEUTICS, INC. (ATXI)

Role
10%+ Owner
Signature
/s/ Robert Davidow
Issuer symbol
ATXI
Transactions as of
11 Dec 2023
Net transactions value
-$86,560
Form type
4
Filing time
13 Dec 2023, 16:02:05 UTC
Previous filing
28 Nov 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATXI Common Stock Sale $36,960 -264,000 -28% $0.1400 681,000 11 Dec 2023 Direct F1
transaction ATXI Common Stock Sale $2,700 -18,000 -45% $0.1500 22,000 11 Dec 2023 Joint account with spouse F2
transaction ATXI Common Stock Sale $8,540 -61,000 -45% $0.1400 74,000 11 Dec 2023 Trustee for Juliet Davidow 2001 Trust and Alexander Davidow 2010 Trust F1, F3
transaction ATXI Common Stock Sale $17,640 -126,000 -37% $0.1400 215,800 11 Dec 2023 Shared investment and voting authority F1, F4
transaction ATXI Common Stock Sale $17,920 -128,000 -47% $0.1400 147,000 11 Dec 2023 Shared investment authority F1, F5
transaction ATXI Common Stock Sale $2,800 -20,000 -20% $0.1400 80,000 11 Dec 2023 By Spouse F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $0.13 to $0.15, inclusive. Each sale price was below the purchase prices for the shares, and the reporting person engaged in the transactions for tax purposes and to cause his holdings to fall below 10% of the outstanding shares of the issuer's common stock and thereby cease being subject to the requirements of Section 16 of the Securities Exchange Act of 1934. 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 ranges set forth above.
F2 Consists of shares of common stock held in a joint account with the Reporting Person's wife.
F3 Consists of shares of common stock held in trusts for the benefit of the Reporting Person's children in which the Reporting Person is the trustee.
F4 Consists of shares of common stock held in accounts maintained for the benefit of certain individuals or trusts over which the Reporting Person has shared voting and dispositive authority.
F5 Consists of shares of commons stock held in accounts maintained for the benefit of certain individuals or trusts over which the Reporting Person has shared dispositive authority.
F6 Consists of shares of common stock held by the Reporting Person's wife.