Scott Lerner - 19 Aug 2021 Form 4 Insider Report for Better Choice Co Inc. (SRXH)

Role
CEO
Signature
Becky Pickett, Attorney-in-Fact for Scott Lerner
Issuer symbol
SRXH
Transactions as of
19 Aug 2021
Net transactions value
+$5,058
Form type
4
Filing time
23 Aug 2021, 17:26:57 UTC
Previous filing
17 Aug 2021
Next filing
15 Nov 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTTR Common Stock Purchase $5,058 +1,445 +13% $3.50 12,746 20 Aug 2021 Direct
holding BTTR Common Stock 2,667 19 Aug 2021 Mother
holding BTTR Common Stock 20 19 Aug 2021 Son

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 BTTR Stock Options - Right to Buy Award $0 +25,000 $0.000000 25,000 19 Aug 2021 Common Stock 25,000 $5.00 Direct F1, F2
holding BTTR Stock Options - Right to Buy 33,333 19 Aug 2021 Common Stock 33,333 $5.00 Direct F2
holding BTTR Purchase Warrants - Right to Buy 4,000 19 Aug 2021 Common Stock 4,000 $7.50 Direct
holding BTTR Purchase Warrants - Right to Buy 2,667 19 Aug 2021 Common Stock 2,667 $7.50 Mother
holding BTTR Stock Options - Right to Buy 200,000 19 Aug 2021 Common Stock 200,000 $8.82 Direct F2
holding BTTR Stock Options - Right to Buy 83,334 19 Aug 2021 Common Stock 83,334 $6.78 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options granted on August 19, 2021 and 67% of the options shall vest as to 1/3rd of the shares on the first annual anniversary of the grant date and 1/36th of the shares to vest on each monthly anniversary thereafter, and 33% of the options shall vest as to 1/3rd of the shares on the 18 month anniversary of the grant date and 1/36th of the shares to vest on each monthly anniversary thereafter.
F2 Options exercisable according to the vesting terms in the related option agreement.