Form 4 for CBUS Cibus, Inc.
Accepted 2024-06-14 00:00:00 ET · period of report 2024-06-11 · accession 0000950170-24-073319 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-06-14 | 2024-06-11 | CBUS | RIGGS RORY B | CEO, Dir, 10% | A - Grant | $10.20 | +98.0K | 3.20M | +3% | +$1.00M |
| D | 2024-06-14 | 2024-06-11 | CBUS | RIGGS RORY B | CEO, Dir, 10% | A - Grant | — | +98.0K | 98.0K | New | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2024-06-11 | A | A | 98,040 | $10.20 | 3,201,828 | D | — | — | (F2) On June 11, 2024, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement") with Rory Riggs, the Issuer's chief executive officer. Pursuant to the Purchase Agreement, the Company agreed to issue and sell to Mr. Riggs (i) 98,040 shares of Class A Common Stock and an accompanying common warrant to purchase Class A Common Stock at a combined offering price of $10.20. The Purchase Agreement was entered into in connection with the Issuer's registered direct offering, which is expected to close with respect to Mr. Riggs on or about June 13, 2024. The transaction was approved by the Issuer's board of directors in accordance with Rule 16b-3. |
| 2 | Derivative | Common Warrant | 2024-06-11 | A | A | 98,040 | — | 98,040 | D | $10.07 · 2024-06-13 to 2029-06-13 | 98,040 Class A Common Stock | (F2) On June 11, 2024, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement") with Rory Riggs, the Issuer's chief executive officer. Pursuant to the Purchase Agreement, the Company agreed to issue and sell to Mr. Riggs (i) 98,040 shares of Class A Common Stock and an accompanying common warrant to purchase Class A Common Stock at a combined offering price of $10.20. The Purchase Agreement was entered into in connection with the Issuer's registered direct offering, which is expected to close with respect to Mr. Riggs on or about June 13, 2024. The transaction was approved by the Issuer's board of directors in accordance with Rule 16b-3. (F3) Represents the consolidated closing bid price on the Nasdaq Capital Market on June 11, 2024. (F4) Common Warrants issued to Mr. Riggs will expire on June 13, 2029, may be exercised on a one-for-one basis for shares of Class A Common Stock at an exercise price of $10.07 per share of Class A Common Stock, and are exercisable immediately, to the extent that after giving effect to such exercise the Reporting Person would beneficially own, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, no more than 19.99% of the outstanding shares of Class A Common Stock or the combined voting power of all of the Company's outstanding common stock. |