Braden M. Leonard - Nov 14, 2022 Form 4 Insider Report for Satsuma Pharmaceuticals, Inc. (STSA)

Role
10%+ Owner
Signature
Braden Michael Leonard
Stock symbol
STSA
Transactions as of
Nov 14, 2022
Transactions value $
$4,394,273
Form type
4
Date filed
11/16/2022, 03:32 PM
Previous filing
Nov 9, 2022
Next filing
Nov 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STSA Common Stock Purchase $3.87M +5.61M $0.69 5.61M Nov 14, 2022 Holding of BML Investment Partners, L.P. F1, F2
transaction STSA Common Stock Purchase $337K +531K +9.47% $0.63 6.14M Nov 15, 2022 Holding of BML Investment Partners, L.P. F1, F3
transaction STSA Common Stock Purchase $189K +301K +4.9% $0.63 6.44M Nov 15, 2022 Holding of BML Investment Partners, L.P. F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein
F2 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.5913 to $0.75. Full information regarding the number of shares purchased at each separate price can be furnished to the SEC staff upon request.
F3 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.63 to $0.64. Full information regarding the number of shares purchased at each separate price can be furnished to the SEC staff upon request.
F4 The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $0.609 to $0.6302. Full information regarding the number of shares purchased at each separate price can be furnished to the SEC staff upon request.