Scott Lerner - 14 Oct 2022 Form 4 Insider Report for Better Choice Co Inc. (SRXH)

Role
Former CEO
Signature
Becky Pickett, Attorney-in-Fact for Scott Lerner
Issuer symbol
SRXH
Transactions as of
14 Oct 2022
Net transactions value
$0
Form type
4
Filing time
10 Nov 2022, 08:37:01 UTC
Previous filing
17 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BTTR Common Stock 27,288 14 Oct 2022 Direct
holding BTTR Common Stock 57 14 Oct 2022 Son
holding BTTR Common Stock 2,667 14 Oct 2022 Mother

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 Disposed to Issuer $0 -20,834 -25% $0.000000 62,500 14 Oct 2022 Common Stock 20,834 $6.78 Direct F1, F2, F3
transaction BTTR Stock Options - Right to Buy Disposed to Issuer $0 -61,112 -31% $0.000000 138,888 14 Oct 2022 Common Stock 61,112 $8.82 Direct F1, F2, F3
transaction BTTR Stock Options - Right to Buy Disposed to Issuer $0 -13,889 -42% $0.000000 19,444 14 Oct 2022 Common Stock 13,889 $5.00 Direct F1, F2, F3
transaction BTTR Stock Options - Right to Buy Disposed to Issuer $0 -11,806 -47% $0.000000 13,194 14 Oct 2022 Common Stock 11,806 $5.00 Direct F1, F2, F3
transaction BTTR Stock Options - Right to Buy Disposed to Issuer $0 -61,112 -61% $0.000000 38,888 14 Oct 2022 Common Stock 61,112 $2.29 Direct F1, F2, F3
holding BTTR Purchase Warrants - Right to Buy 4,000 14 Oct 2022 Common Stock 4,000 $7.50 Direct
holding BTTR Purchase Warrants - Right to Buy 2,667 14 Oct 2022 Common Stock 2,667 $7.50 Mother
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Scott Lerner is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Forfeiture of unvested awards per terms of the Reporting Person's separation agreement effective October 14, 2022.
F2 Outstanding options as of October 14, 2022 are fully vested and exercisable through the amended expiration date per terms of the Reporting Person's separation agreement.
F3 Effective as of October 14, 2022, the expiration date for outstanding options was amended to April 30, 2025 per terms of the Reporting Person's separation agreement.