4//SEC Filing
Ji Henry 4
Accession 0000899243-23-009159
CIK 0000850261other
Filed
Mar 19, 8:00 PM ET
Accepted
Mar 20, 7:52 PM ET
Size
10.7 KB
Accession
0000899243-23-009159
Insider Transaction Report
Form 4
Ji Henry
DirectorChief Sci. Officer & Secretary10% Owner
Transactions
- Disposition to Issuer
Put Option (obligation to buy)
2023-03-17−195→ 0 total(indirect: By BioVintage, Inc.)Exercise: $0.80From: 2022-08-26Exp: 2023-03-17→ Common Stock (19,500 underlying) - Exercise of In-Money
Common Stock
2023-03-17$0.80/sh+19,500$15,653→ 20,000 total(indirect: By BioVintage, Inc.)
Holdings
- 40,000(indirect: By Spouse)
Common Stock
- 2,271,693(indirect: See Footnote)
Common Stock
- 6,265,805
Common Stock
Footnotes (3)
- [F1]On December 30, 2022, the Issuer's Board of Directors declared a stock dividend (the "Dividend") to all holders of record of its common stock as of the close of business on January 9, 2023, of 0.1410127 of a share of common stock, par value $0.0001 per share, of Scilex Holding Company ("Scilex Common Stock") for each one share of common stock, par value $0.0001 per share, of the Issuer ("Sorrento Common Stock"). The Put Option written by the Reporting Person on August 26, 2022 (the "Put Option") was previously reported at an exercise price of $5.50 per share of Sorrento Common Stock, which was adjusted as a result of the Dividend to relate to an aggregate of 19,500 shares of Sorrento Common Stock and 2,730 shares of Scilex Common Stock and to reflect a corresponding change to the exercise price of the Put Option to $0.80268 per share of Sorrento Common Stock and $8.6002 per share of Scilex Common Stock. The Put Option settled on March 17, 2023 and resulted in the Reporting Person
- [F2](Continued Footnote 1) acquiring 19,500 shares of Sorrento Common Stock at a price of $0.80268 per share of Sorrento Common Stock, in addition to 2,730 shares of Scilex Common Stock at a price of $8.6002 per share of Scilex Common Stock.
- [F3]Shares are held in family trusts of which the Reporting Person is a co-trustee with his spouse.
Documents
Issuer
Sorrento Therapeutics, Inc.
CIK 0000850261
Entity typeother
Related Parties
1- filerCIK 0001470981
Filing Metadata
- Form type
- 4
- Filed
- Mar 19, 8:00 PM ET
- Accepted
- Mar 20, 7:52 PM ET
- Size
- 10.7 KB