Robert Sauermann - Aug 19, 2021 Form 4 Insider Report for Better Choice Co Inc. (BTTR)

Role
EVP, Strategy
Signature
Becky Pickett, Attorney-in-Fact for Robert Sauermann
Stock symbol
BTTR
Transactions as of
Aug 19, 2021
Transactions value $
$10,560
Form type
4
Date filed
8/23/2021, 05:29 PM
Previous filing
Jul 12, 2021
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTTR Common Stock Purchase $10.6K +3K +60% $3.52 8K Aug 20, 2021 Direct F1
holding BTTR Common Stock 65.2K Aug 19, 2021 Shares held by SFV Holdings LLC of which Mr. Sauermann is the President

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 +15K $0.00 15K Aug 19, 2021 Common Stock 15K $5.00 Direct F2, F3
holding BTTR Purchase Warrants - Right to Buy 1.2K Aug 19, 2021 Common Stock 1.2K $25.50 Warrants held by SFV Holdings LLC of which Mr. Sauermann is the President
holding BTTR Stock Options - Right to Buy 33.3K Aug 19, 2021 Common Stock 33.3K $5.00 Direct F3
holding BTTR Stock Options - Right to Buy 66.7K Aug 19, 2021 Common Stock 66.7K $3.60 Direct F3
holding BTTR Stock Options - Right to Buy 75K Aug 19, 2021 Common Stock 75K $8.82 Direct F3
holding BTTR Purchase Warrants - Right to Buy 33.3K Aug 19, 2021 Common Stock 33.3K $4.50 Warrants held by SFV Holdings LLC of which Mr. Sauermann is the President
holding BTTR Stock Options - Right to Buy 16.7K Aug 19, 2021 Common Stock 16.7K $7.74 Direct F3
holding BTTR Purchase Warrants - Right to Buy 3.33K Aug 19, 2021 Common Stock 3.33K $7.50 Warrants held by SFV Holdings LLC of which Mr. Sauermann is the President
holding BTTR Stock Options - Right to Buy 16.7K Aug 19, 2021 Common Stock 16.7K $3.60 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of shares reported as directly owned has been increased by 5,000 and the number of shares reported as indirectly owned by SFV Holdings LLC has been decreased by 5,000 to correct an administrative error in previous reports.
F2 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.
F3 Options exercisable according to the vesting terms in the related option agreement.