Samuel J. Braun - May 10, 2021 Form 3 Insider Report for KEMPHARM, INC (ZVRA)

Role: 10%+ Owner
Signature: /s/ Samuel J. Braun
Stock symbol: ZVRA
Transactions as of: May 10, 2021
Transactions value $: $0
Form type: 3
Date filed: 5/17/2021, 04:42 PM
Next filing: May 17, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ZVRA	COMMON STOCK						3.06M	May 10, 2021	Direct	F1
holding	ZVRA	COMMON STOCK						68K	May 10, 2021	By Thinkswitch Capitol, LLC	F2
holding	ZVRA	COMMON STOCK						15K	May 10, 2021	By ThetaBurn Investments, LLC	F2

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
holding	ZVRA	CALL OPTION (OBLIGATION TO BUY)							May 10, 2021	COMMON STOCK	2K		Direct	F3

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

Explanation of Responses:

Id	Content
F1	Includes 60,000 shares held in a jointly-owned account over which the reporting person exercises sole investment discretion. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F2	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F3	The Call Options represent the reporting person's obligation to purchase the referenced shares if the trading price on the expiration date exceeds $10 per share. Otherwise, exercise of the options is at the holder's discretion.