Craig C. Parker - Apr 4, 2024 Form 4 Insider Report for Surrozen, Inc./DE (SRZN)

Role
Chief Executive Officer, Director
Signature
/s/Charles Williams, Attorney-in-Fact for Craig C Parker
Stock symbol
SRZN
Transactions as of
Apr 4, 2024
Transactions value $
$0
Form type
4
Date filed
4/8/2024, 05:27 PM
Previous filing
Feb 7, 2024
Next filing
Apr 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SRZN Common Stock Purchase +1.47K 1.47K Apr 4, 2024 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 SRZN Series A Common Stock Warrant (right to buy) Purchase +1.47K 1.47K Apr 4, 2024 Common Stock 1.47K $16.96 Direct F1
transaction SRZN Series B Common Stock Warrant (right to buy) Purchase +1.6K 1.6K Apr 4, 2024 Common Stock 1.6K $15.71 Direct F1, F2
transaction SRZN Series C Common Stock Warrant (right to buy) Purchase +5.71K 5.71K Apr 4, 2024 Common Stock 5.71K $16.00 Direct F1, F3
transaction SRZN Series D Common Stock Warrant (right to buy) Purchase +5.71K 5.71K Apr 4, 2024 Common Stock 5.71K $16.00 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 4, 2024, the reporting person acquired shares in a private placement by the Issuer pursuant to the terms of a Securities Purchase Agreement, dated as of April 1, 2024, by and among the Issuer and certain institutional investors and members of management, at a purchase price of $16.96 per share, which amount includes $1.25 for the accompanying common stock warrants.
F2 The warrant expires on the fifth trading day following the occurrence of the Series B Milestone Event (as defined in the Series B Common Stock Warrant). In the event the Series B Milestone Event has not occurred prior to the fifth anniversary of the issuance date of the warrant, the warrant will automatically terminate on such anniversary date.
F3 The warrant is exercisable for 30 days after the earlier of (i) the occurrence of the Series C Milestone Event (as defined in the Series C Common Stock Warrant) and (ii) a Fundamental Transaction (as defined in the Series C Common Stock Warrant).
F4 The warrant is exercisable for 30 days after the earlier of (i) the occurrence of the Series D Milestone Event (as defined in the Series D Common Stock Warrant) and (ii) a Fundamental Transaction (as defined in the Series D Common Stock Warrant).