4//SEC Filing
Sukhtian Ghiath M. 4
Accession 0000947871-25-000062
CIK 0001649989other
Filed
Jan 21, 7:00 PM ET
Accepted
Jan 22, 4:11 PM ET
Size
18.9 KB
Accession
0000947871-25-000062
Insider Transaction Report
Form 4
Sukhtian Ghiath M.
Director10% Owner
Transactions
- Exercise/Conversion
Warrants (right to buy)
2025-01-17−3,458,571→ 0 total(indirect: See footnote)Exercise: $2.51From: 2024-03-18Exp: 2029-03-18→ Common Stock (3,458,571 underlying) - Award
Warrants (right to buy)
2025-01-17+3,458,571→ 3,458,571 total(indirect: See footnote)Exercise: $2.26→ Common Stock (3,458,571 underlying) - Disposition to Issuer
Warrants (right to buy)
2025-01-17−3,458,571→ 0 total(indirect: See footnote)Exercise: $7.70From: 2024-03-18Exp: 2029-03-18→ Common Stock (3,458,571 underlying) - Award
Warrants (right to buy)
2025-01-17+3,458,571→ 3,458,571 total(indirect: See footnote)Exercise: $2.51From: 2024-03-18Exp: 2029-03-18→ Common Stock (3,458,571 underlying) - Award
Warrants (right to buy)
2025-01-17+3,458,571→ 3,458,571 total(indirect: See footnote)Exercise: $2.26From: 2025-01-17Exp: 2030-01-17→ Common Stock (3,458,571 underlying)
GMS Ventures & Investments
Director10% Owner
Transactions
- Award
Warrants (right to buy)
2025-01-17+3,458,571→ 3,458,571 total(indirect: See footnote)Exercise: $2.51From: 2024-03-18Exp: 2029-03-18→ Common Stock (3,458,571 underlying) - Award
Warrants (right to buy)
2025-01-17+3,458,571→ 3,458,571 total(indirect: See footnote)Exercise: $2.26→ Common Stock (3,458,571 underlying) - Exercise/Conversion
Warrants (right to buy)
2025-01-17−3,458,571→ 0 total(indirect: See footnote)Exercise: $2.51From: 2024-03-18Exp: 2029-03-18→ Common Stock (3,458,571 underlying) - Award
Warrants (right to buy)
2025-01-17+3,458,571→ 3,458,571 total(indirect: See footnote)Exercise: $2.26From: 2025-01-17Exp: 2030-01-17→ Common Stock (3,458,571 underlying) - Disposition to Issuer
Warrants (right to buy)
2025-01-17−3,458,571→ 0 total(indirect: See footnote)Exercise: $7.70From: 2024-03-18Exp: 2029-03-18→ Common Stock (3,458,571 underlying)
Footnotes (4)
- [F1]Pursuant to the terms of a warrant exercise inducement offer letter agreement, dated as of January 16, 2025, by and between Outlook Therapeutics, Inc. (the "Issuer") and GMS Ventures and Investments ("GMS Ventures"), GMS Ventures agreed to exercise its existing warrant to purchase shares of the Issuer's common stock, par value $0.01 per share (the "Common Stock"), at a reduced exercise price of $2.51 per share in exchange for the Issuer's agreement to issue new warrants to purchase 6,917,142 shares of Common Stock.
- [F2]This warrant will be exercisable upon the effective date (the "Effective Date") of an amendment to the Issuer's Certificate of Incorporation increasing the number of authorized shares of Common Stock issuable thereunder and will expire five years following the Effective Date.
- [F3]These securities are held of record by GMS Ventures. Ghiath M. Sukhtian ("Ghiath Sukhtian"), a natural person, is the holder of a controlling interest in GMS Ventures. GMS Ventures has designated two representatives to serve on the Issuer's board of directors. Therefore, each of GMS Ventures and Ghiath Sukhtian may be deemed a director by deputization.
- [F4]By virtue of the relationships described above in Footnote 3, Ghiath Sukhtian may be deemed to have voting and investment power with respect to the securities held by GMS Ventures noted above and as a result may be deemed to beneficially own such securities for purposes of Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The Reporting Persons disclaim beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of its or his pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons are the beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.
Documents
Issuer
Outlook Therapeutics, Inc.
CIK 0001649989
Entity typeother
Related Parties
1- filerCIK 0001717441
Filing Metadata
- Form type
- 4
- Filed
- Jan 21, 7:00 PM ET
- Accepted
- Jan 22, 4:11 PM ET
- Size
- 18.9 KB