Declan Doogan - Jun 30, 2021 Form 4 Insider Report for TENAX THERAPEUTICS, INC. (TENX)

Role
Director, 10%+ Owner
Signature
/s/ Declan Doogan
Stock symbol
TENX
Transactions as of
Jun 30, 2021
Transactions value $
$0
Form type
4
Date filed
8/11/2021, 04:30 PM
Previous filing
Jun 15, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TENX Common Stock Gift $0 -568K -18.5% $0.00 2.5M Jun 30, 2021 Direct F1
holding TENX Common Stock 568K Jun 30, 2021 By Declan Doogan 2021 GRAT DTD 03-04-2021 F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction represents a gift from Dr. Doogan to fund the Declan Doogan 2021 GRAT DTD 03-04-2021 (the "Trust"). Dr. Doogan's wife, Dorothy Doogan, is the trustee of the Trust. Per the terms of the Trust, during its term the Trust must make annuity payments to Dr. Doogan which will be accomplished by transferring shares of common stock back to Dr. Doogan
F2 Dr. Doogan's wife, Dorothy Doogan, is the trustee of the Trust. Dr. Doogan disclaims beneficial ownership of the shares held by the Trust except to the extent of his pecuniary interest therein.