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

Role
Former CEO
Signature
Becky Pickett, Attorney-in-Fact for Scott Lerner
Stock symbol
BTTR
Transactions as of
Oct 14, 2022
Transactions value $
$0
Form type
4
Date filed
11/10/2022, 08:37 AM
Previous filing
May 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding BTTR Common Stock 27.3K Oct 14, 2022 Direct
holding BTTR Common Stock 57 Oct 14, 2022 Son
holding BTTR Common Stock 2.67K Oct 14, 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 -20.8K -25% $0.00 62.5K Oct 14, 2022 Common Stock 20.8K $6.78 Direct F1, F2, F3
transaction BTTR Stock Options - Right to Buy Disposed to Issuer $0 -61.1K -30.56% $0.00 139K Oct 14, 2022 Common Stock 61.1K $8.82 Direct F1, F2, F3
transaction BTTR Stock Options - Right to Buy Disposed to Issuer $0 -13.9K -41.67% $0.00 19.4K Oct 14, 2022 Common Stock 13.9K $5.00 Direct F1, F2, F3
transaction BTTR Stock Options - Right to Buy Disposed to Issuer $0 -11.8K -47.22% $0.00 13.2K Oct 14, 2022 Common Stock 11.8K $5.00 Direct F1, F2, F3
transaction BTTR Stock Options - Right to Buy Disposed to Issuer $0 -61.1K -61.11% $0.00 38.9K Oct 14, 2022 Common Stock 61.1K $2.29 Direct F1, F2, F3
holding BTTR Purchase Warrants - Right to Buy 4K Oct 14, 2022 Common Stock 4K $7.50 Direct
holding BTTR Purchase Warrants - Right to Buy 2.67K Oct 14, 2022 Common Stock 2.67K $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.