David J. Matlin - Dec 6, 2021 Form 4 Insider Report for Clene Inc. (CLNN)

Role: Director
Signature: /s/ Jerry Miraglia POA
Stock symbol: CLNN
Transactions as of: Dec 6, 2021
Transactions value $: $625
Form type: 4
Date filed: 12/8/2021, 11:17 AM
Previous filing: Nov 17, 2021
Next filing: Dec 10, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLNN	Common Stock	Exercise of in-the-money or at-the-money derivative security	$125	+12.5K	+0.88%	$0.01^*	1.44M	Dec 6, 2021	Direct	F1
transaction	CLNN	Common Stock	Exercise of in-the-money or at-the-money derivative security	$500	+50K	+50%	$0.01^*	150K	Dec 6, 2021	By trust	F2, F3

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	CLNN	Warrants (Right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-12.5K	-100%	$0.00^*	0	Dec 6, 2021	Common Stock	12.5K	$0.01	Direct	F1
transaction	CLNN	Warrants (Right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-50K	-100%	$0.00^*	0	Dec 6, 2021	Common Stock	50K	$0.01	By trust	F2, F3

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

Explanation of Responses:

Id	Content
F1	Mr. Matlin exercised his warrant right and acquired 12,500 shares of common stock of Clene Inc for $0.01 per share.
F2	The Matlin Family Trust 2020 exercised its warrant right and acquired 50,000 shares of common stock of Clene Inc for $0.01 per share.
F3	The securities are owned by the Matlin Family Trust 2020. Mr. Matlin is the trustee of the Matlin Family Trust 2020. The shares owned by the Matlin Family Trust 2020 may be deemed to be beneficially owned by Mr. Matlin.