William Fricker - 24 May 2021 Form 4 Insider Report for NRX Pharmaceuticals, Inc. (NRXP)

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
10 Jun 2021, 18:46:28 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ William Fricker

Key filing fact

William Fricker filed Form 4 for NRX Pharmaceuticals, Inc. (NRXP) on 10 Jun 2021.

Key facts

  • This page summarizes William Fricker's Form 4 filing for NRX Pharmaceuticals, Inc. (NRXP).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 10 Jun 2021, 18:46.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NRXP transaction Derivative

Employee Stock Option (Right to buy)

Award

Transaction value
Shares
+99,200
Change %
Price
Shares after
99,200
Date
24 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
99,200
Exercise price
$3.08
Footnotes
F1
NRXP transaction Derivative

Employee Stock Option (Right to buy)

Award

Transaction value
Shares
+99,200
Change %
+100%
Price
Shares after
198,400
Date
24 May 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
99,200
Exercise price
$3.08
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Pursuant to the Merger Agreement, each option and warrant of NeuroRx that was outstanding and unexercised immediately prior to the Effective Time was assumed by NRX Pharmaceuticals (each, a "Substitute Security") and represents the right to acquire an adjusted number of shares of Common Stock at an adjusted exercise price, in each case, pursuant to the terms of the Merger Agreement. In the event that any Substitute Security is exercised prior to the earlier of the date on which both the Earnout Share Milestone and the Earnout Cash Milestone (as defined in the Merger Agreement) have been achieved and December 31, 2022, a number of shares of the Issuer's common stock will be subject to forfeiture pursuant to the Option Post-Earnout Adjustment (as defined in the Merger Agreement).

Footnote F2

Subject to certain conditions, the options will generally vest in 36 equal installments every month commencing on 11/30/20 and fully vesting on 11/30/23.

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