Vivo Opportunity, LLC 4
4 · SOLENO THERAPEUTICS INC · Filed Oct 4, 2023
Insider Transaction Report
Form 4
Vivo Opportunity, LLC
10% Owner
Transactions
- Exercise of In-Money
Tranche B Warrants (right to buy)
2023-10-02−5,215,000→ 0 total(indirect: By Vivo Opportunity Fund Holdings, L.P.)Exercise: $2.50→ Common Stock (5,215,000 underlying) - Exercise of In-Money
Common Stock
2023-10-02$2.50/sh+5,215,000$13,037,500→ 8,418,093 total(indirect: By Vivo Opportunity Fund Holdings, L.P.)
Footnotes (2)
- [F1]Vivo Opportunity, LLC is the general partner of Vivo Opportunity Fund Holdings, L.P., the record holder of the securities. Vivo Opportunity, LLC disclaims beneficial ownership over such securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
- [F2]The Tranche B Warrants are immediately exercisable and expire upon the earlier of (i) November 8, 2026 or (ii) 30 days following receipt of Food and Drug Administration's marketing approval of Diazoxide Choline Extended-Release tablets (DCCR) for the treatment of Prader-Willi syndrome (PWS).