4//SEC Filing
BLUTT MITCHELL J MD 4
Accession 0000899243-22-038571
CIK 0001824893other
Filed
Dec 14, 7:00 PM ET
Accepted
Dec 15, 9:30 AM ET
Size
35.6 KB
Accession
0000899243-22-038571
Insider Transaction Report
Form 4
BLUTT MITCHELL J MD
Director
Transactions
- Sale
Common Stock
2022-12-14−1,885,000→ 0 total(indirect: By LLC) - Sale
Warrants (right to buy)
2022-12-14−144,666→ 0 total(indirect: By LLC)Exercise: $11.50→ Common Stock (144,666 underlying) - Sale
Common Stock
2022-12-14−1,297,922→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP) - Sale
Common Stock
2022-12-14−450,827→ 0 total(indirect: By Managed Account) - Sale
Warrants (right to buy)
2022-12-14−432,639→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP)Exercise: $11.50→ Common Stock (432,639 underlying) - Sale
Common Stock
2022-12-14−1,748,750→ 0 total(indirect: By Consonance Capital Master Account LP) - Sale
Warrants (right to buy)
2022-12-14−582,916→ 0 total(indirect: By Consonance Capital Master Account LP)Exercise: $11.50→ Common Stock (582,916 underlying) - Sale
Warrants (right to buy)
2022-12-14−150,275→ 0 total(indirect: By Managed Account)Exercise: $11.50→ Common Stock (150,275 underlying)
Soffer Benny
Director
Transactions
- Sale
Common Stock
2022-12-14−1,748,750→ 0 total(indirect: By Consonance Capital Master Account LP) - Sale
Common Stock
2022-12-14−450,827→ 0 total(indirect: By Managed Account) - Sale
Warrants (right to buy)
2022-12-14−432,639→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP)Exercise: $11.50→ Common Stock (432,639 underlying) - Sale
Warrants (right to buy)
2022-12-14−582,916→ 0 total(indirect: By Consonance Capital Master Account LP)Exercise: $11.50→ Common Stock (582,916 underlying) - Sale
Warrants (right to buy)
2022-12-14−150,275→ 0 total(indirect: By Managed Account)Exercise: $11.50→ Common Stock (150,275 underlying) - Sale
Common Stock
2022-12-14−1,297,922→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP) - Sale
Common Stock
2022-12-14−1,885,000→ 0 total(indirect: By LLC) - Sale
Warrants (right to buy)
2022-12-14−144,666→ 0 total(indirect: By LLC)Exercise: $11.50→ Common Stock (144,666 underlying)
Livingston Kevin Harold
Chief Financial Officer
Transactions
- Sale
Warrants (right to buy)
2022-12-14−582,916→ 0 total(indirect: By Consonance Capital Master Account LP)Exercise: $11.50→ Common Stock (582,916 underlying) - Sale
Warrants (right to buy)
2022-12-14−144,666→ 0 total(indirect: By LLC)Exercise: $11.50→ Common Stock (144,666 underlying) - Sale
Common Stock
2022-12-14−450,827→ 0 total(indirect: By Managed Account) - Sale
Warrants (right to buy)
2022-12-14−150,275→ 0 total(indirect: By Managed Account)Exercise: $11.50→ Common Stock (150,275 underlying) - Sale
Common Stock
2022-12-14−1,885,000→ 0 total(indirect: By LLC) - Sale
Warrants (right to buy)
2022-12-14−432,639→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP)Exercise: $11.50→ Common Stock (432,639 underlying) - Sale
Common Stock
2022-12-14−1,748,750→ 0 total(indirect: By Consonance Capital Master Account LP) - Sale
Common Stock
2022-12-14−1,297,922→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP)
Consonance Capital Management LP
10% Owner
Transactions
- Sale
Warrants (right to buy)
2022-12-14−432,639→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP)Exercise: $11.50→ Common Stock (432,639 underlying) - Sale
Warrants (right to buy)
2022-12-14−144,666→ 0 total(indirect: By LLC)Exercise: $11.50→ Common Stock (144,666 underlying) - Sale
Common Stock
2022-12-14−1,748,750→ 0 total(indirect: By Consonance Capital Master Account LP) - Sale
Common Stock
2022-12-14−1,297,922→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP) - Sale
Common Stock
2022-12-14−450,827→ 0 total(indirect: By Managed Account) - Sale
Common Stock
2022-12-14−1,885,000→ 0 total(indirect: By LLC) - Sale
Warrants (right to buy)
2022-12-14−150,275→ 0 total(indirect: By Managed Account)Exercise: $11.50→ Common Stock (150,275 underlying) - Sale
Warrants (right to buy)
2022-12-14−582,916→ 0 total(indirect: By Consonance Capital Master Account LP)Exercise: $11.50→ Common Stock (582,916 underlying)
Consonance Capman GP, LLC
10% Owner
Transactions
- Sale
Common Stock
2022-12-14−1,297,922→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP) - Sale
Common Stock
2022-12-14−450,827→ 0 total(indirect: By Managed Account) - Sale
Warrants (right to buy)
2022-12-14−582,916→ 0 total(indirect: By Consonance Capital Master Account LP)Exercise: $11.50→ Common Stock (582,916 underlying) - Sale
Common Stock
2022-12-14−1,748,750→ 0 total(indirect: By Consonance Capital Master Account LP) - Sale
Common Stock
2022-12-14−1,885,000→ 0 total(indirect: By LLC) - Sale
Warrants (right to buy)
2022-12-14−432,639→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP)Exercise: $11.50→ Common Stock (432,639 underlying) - Sale
Warrants (right to buy)
2022-12-14−150,275→ 0 total(indirect: By Managed Account)Exercise: $11.50→ Common Stock (150,275 underlying) - Sale
Warrants (right to buy)
2022-12-14−144,666→ 0 total(indirect: By LLC)Exercise: $11.50→ Common Stock (144,666 underlying)
Consonance Life Sciences
10% Owner
Transactions
- Sale
Common Stock
2022-12-14−1,748,750→ 0 total(indirect: By Consonance Capital Master Account LP) - Sale
Common Stock
2022-12-14−1,297,922→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP) - Sale
Common Stock
2022-12-14−450,827→ 0 total(indirect: By Managed Account) - Sale
Common Stock
2022-12-14−1,885,000→ 0 total(indirect: By LLC) - Sale
Warrants (right to buy)
2022-12-14−582,916→ 0 total(indirect: By Consonance Capital Master Account LP)Exercise: $11.50→ Common Stock (582,916 underlying) - Sale
Warrants (right to buy)
2022-12-14−432,639→ 0 total(indirect: By Consonance Capital Opportunity Master Fund, LP)Exercise: $11.50→ Common Stock (432,639 underlying) - Sale
Warrants (right to buy)
2022-12-14−150,275→ 0 total(indirect: By Managed Account)Exercise: $11.50→ Common Stock (150,275 underlying) - Sale
Warrants (right to buy)
2022-12-14−144,666→ 0 total(indirect: By LLC)Exercise: $11.50→ Common Stock (144,666 underlying)
Footnotes (10)
- [F1]On December 12, 2022, Consonance Capital Master Account LP (the "Master Account"), Consonance Capital Opportunity Master Fund, LP ("Consonance Opportunity Master"), a certain managed account (the "Managed Account"), Consonance Life Sciences, LLC ("Consonance Life Sciences"), and Surrozen, Inc. (the "Issuer") entered into a Securities Purchase Agreement (the "Purchase Agreement"). Pursuant to the Purchase Agreement, Master Account agreed to sell to the Issuer 1,748,750 shares of common stock of the Issuer and warrants to purchase 582,916 shares of common stock of the Issuer for an aggregate purchase price of $874,375. Each warrant entitles the holder thereof to purchase one share of common stock of the Issuer at a price of $11.50 per share, subject to adjustment. The warrants are currently exercisable and will expire at the earlier of August 12, 2026, or upon redemption or liquidation.
- [F10]Consonance Life Sciences is governed by a board of managers consisting of Mitchell J. Blutt, Benny Soffer and Kevin Livingston. As such, Mitchell J. Blutt, Benny Soffer and Kevin Livingston may be deemed to have voting and investment discretion over the securities held by Consonance Life Sciences and may be deemed to have shared beneficial ownership of such securities. Each of Mitchell J. Blutt, Benny Soffer and Kevin Livingston disclaims beneficial ownership of the securities that were held by Consonance Life Sciences except to the extent of their pecuniary interest therein. The Master Account, Consonance Opportunity Master and the Managed Account in the aggregate own the majority of the unit interests in Consonance Life Sciences.
- [F2]Consonance Capital Management LP ("Consonance Management") was an indirect beneficial owner of the securities reported herein that were held by the Master Account. Consonance Management is the investment adviser of the Master Account, and pursuant to an investment advisory agreement, Consonance Management exercises voting and investment power over the securities of the Issuer held by the Master Account. Consonance Capman GP LLC ("Capman") is the general partner of Consonance Management. Consonance Management receives an asset-based fee, but has no pecuniary interest.
- [F3](Continued from Footnote 2) Mitchell Blutt is the manager and member of Capman and has a pecuniary interest in the securities held by the Master Account as the manager and member of the general partner of the Master Account and thereby is entitled to a portion of the profits allocation. Each of Dr. Blutt, Consonance Management and Capman disclaims beneficial ownership of the securities that were held by the Master Account except to the extent of their pecuniary interest therein.
- [F4]Pursuant to the Purchase Agreement, Consonance Opportunity Master agreed to sell to the Issuer 1,297,922 shares of common stock of the Issuer and warrants to purchase 432,639 shares of common stock of the Issuer for an aggregate purchase price of $648,961. Each warrant entitles the holder thereof to purchase one share of common stock of the Issuer at a price of $11.50 per share, subject to adjustment. The warrants are currently exercisable and will expire at the earlier of August 12, 2026, or upon redemption or liquidation.
- [F5]Consonance Management was an indirect beneficial owner of the securities reported herein that were held by Consonance Opportunity Master. Consonance Management is the investment adviser of Consonance Opportunity Master, and pursuant to an investment advisory agreement, Consonance Management exercises voting and investment power over the securities of the Issuer held by Consonance Opportunity Master. Capman is the general partner of Consonance Management.
- [F6](Continued from Footnote 5) Consonance Management receives an asset-based fee, but has no pecuniary interest. Mitchell Blutt is the manager and member of Capman and has a pecuniary interest in the securities held by Consonance Opportunity Master as the manager and member of the general partner of Consonance Opportunity Master and thereby is entitled to a portion of the profits allocation. Each of Dr. Blutt, Consonance Management and Capman disclaims beneficial ownership of the securities that were held by Consonance Opportunity Master except to the extent of their pecuniary interest therein.
- [F7]Pursuant to the Purchase Agreement, the Managed Account agreed to sell to the Issuer 450,827 shares of common stock of the Issuer and warrants to purchase 150,275 shares of common stock of the Issuer for an aggregate purchase price of $225,413.50. Each warrant entitles the holder thereof to purchase one share of common stock of the Issuer at a price of $11.50 per share, subject to adjustment. The warrants are currently exercisable and will expire at the earlier of August 12, 2026, or upon redemption or liquidation.
- [F8]Consonance Management was an indirect beneficial owner of the securities reported herein that were held by the Managed Account. Consonance Management is the investment adviser of the Managed Account and exercises voting and investment power over the securities of the Issuer held by the Managed Account. Capman is the general partner of Consonance Management. Consonance Management receives an asset-based fee, but has no pecuniary interest. Mitchell Blutt is the manager and member of Capman. Each of Dr. Blutt, Consonance Management and Capman disclaims beneficial ownership of the securities that were held by the Managed Account except to the extent of their pecuniary interest therein.
- [F9]Pursuant to the Purchase Agreement, Consonance Life Sciences agreed to sell to the Issuer 1,885,000 shares of common stock of the Issuer and warrants to purchase 144,666 shares of common stock of the Issuer for an aggregate purchase price of $942,500. Each warrant entitles the holder thereof to purchase one share of common stock of the Issuer at a price of $11.50 per share, subject to adjustment. The warrants are currently exercisable and will expire at the earlier of August 12, 2026, or upon redemption or liquidation.
Issuer
Surrozen, Inc./DE
CIK 0001824893
Entity typeother
Related Parties
1- filerCIK 0001097955
Filing Metadata
- Form type
- 4
- Filed
- Dec 14, 7:00 PM ET
- Accepted
- Dec 15, 9:30 AM ET
- Size
- 35.6 KB