Jack Kendrick Heilbron - 22 Sep 2023 Form 4 Insider Report for CONDUIT PHARMACEUTICALS INC. (CDT)

Reporting relationship: Former CEO,director&10% owner
Issuer ticker: CDT
Reported as of: 22 Sep 2023
Net transaction value: +$8,153,500
SEC form: 4
Accepted by SEC: 26 Sep 2023, 17:30:07 UTC
Prior SEC filing: 06 Sep 2023
Next SEC filing: 27 Sep 2023
Source filing: View source filing
Reporting owner signature: /s/ Jack K. Heilbron, as President of Managing Member of Murphy Canyon Acquisition Sponsor, LLC

Key filing fact

Jack Kendrick Heilbron filed Form 4 for CONDUIT PHARMACEUTICALS INC. (CDT) on 26 Sep 2023.

Key facts

This page summarizes Jack Kendrick Heilbron's Form 4 filing for CONDUIT PHARMACEUTICALS INC. (CDT).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 26 Sep 2023, 17:30.

Change

Previous filing in this sequence was filed on 06 Sep 2023.
Current net transaction value: +$8,153,500.

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 non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MURF transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +4,060,250
Change %
Price: $0.000000
Shares after: 4,060,250
Date: 22 Sep 2023
Ownership: See footnote
Footnotes: F1, F2, F3

MURF transaction

Common Stock

Other

Transaction value: $0
Shares: -45,000
Change %: -1.1%
Price: $0.000000
Shares after: 4,015,250
Date: 22 Sep 2023
Ownership: See footnote
Footnotes: F1, F3, F4, F5

Reported derivative securities

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

MURF transaction Derivative

Warrants

Options Exercise

Transaction value: $8,671,000
Shares: +754,000
Change %
Price: $11.50
Shares after: 754,000
Date: 22 Sep 2023
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 754,000
Exercise price: $11.50
Footnotes: F1, F3, F6

MURF transaction Derivative

Warrants

Other

Transaction value: $517,500
Shares: -45,000
Change %: -6%
Price: $11.50
Shares after: 709,000
Date: 22 Sep 2023
Ownership: See footnote
Underlying class: Common Stock
Underlying amount: 709,000
Exercise price: $11.50
Footnotes: F3, F7, F8

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Jack Kendrick Heilbron is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 8 footnotes

Footnote F1

Upon consummation of the issuer's initial business combination (the "IBC"), the issuer's shares of Class B common stock were converted into shares of Class A common stock and the shares of Class A common stock were then reclassified as a single class of common stock.

Footnote F2

Includes (i) 3,306,250 shares of common stock due to the conversion of the shares of Class B common stock into shares of Class A common stock and then reclassification into shares of Company common stock and (ii) 754,000 shares of common stock, which prior to the IBC were shares of Class A common stock.

Footnote F3

Held by Murphy Canyon Acuqisition Sponsor, LLC (the "Sponsor"). Jack K. Heilbron is the President of the Managing Member of the Sponsor. Mr. Heilbron disclaims any such beneficial ownership except to the extent of his pecuniary interest. Mr. Heilbron resigned as Chief Executive Officer and Chairman of the issuer upon the consummation of the IBC.

Footnote F4

Immediately following the consummation of the IBC, Murphy Canyon Acquisition Sponsor, LLC transferred 45,000 shares of common stock as consideration for their services to three directors, two of whom had resigned upon consummation of the IBC.

Footnote F5

Includes (i) 3,306,250 shares of common stock due to the conversion of the shares of Class B common stock into shares of Class A common stock and then reclassification into shares of Company common stock and (ii) 709,000 shares of common stock, which prior to the IBC were shares of Class A common stock.

Footnote F6

Includes 754,000 shares of common stock, which prior to the IBC were shares of Class A common stock.

Footnote F7

Immediately following the consummation of the IBC, Murphy Canyon Acquisition Sponsor, LLC transferred 45,000 warrants as consideration for their services to three directors, two of whom had resigned upon consummation of the IBC.

Footnote F8

Includes 709,000 shares of common stock, which prior to the IBC were shares of Class A common stock.