de Boer Klaas 4
4 · SmartKem, Inc. · Filed Jun 23, 2023
Insider Transaction Report
Form 4
SmartKem, Inc.SMTK
de Boer Klaas
Director
Transactions
- Purchase
Common Stock Warrants (right to buy)
2023-06-22+200,000→ 200,000 total(indirect: By Spouse)Exercise: $0.25→ Common Stock (200,000 underlying) - Purchase
Series A-2 Convertible Preferred Stock
2023-06-22$1000.00/sh+50$50,000→ 50 total(indirect: By Spouse)Exercise: $0.25→ Common Stock (200,000 underlying)
Footnotes (3)
- [F1]The Issuer issued its Series A-2 Convertible Preferred Stock (the "Preferred Stock"), at a stated value equal to $1,000 per share. Pursuant to the terms of the Preferred Stock, each share of Preferred Stock is convertible into shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock"), at the election of the holder, at any time following the original issue date at a price of $0.25 per share, subject to price-based anti-dilution adjustments which, if triggered, would result in additional shares of Common Stock being issued upon conversion of the Preferred Stock. The Preferred Stock does not have an expiration date.
- [F2]The purchase was made in a private transaction with the Issuer that closed on June 22, 2023.
- [F3]The warrants were included together with the purchase of the Preferred Stock. Each warrant entitles the holder thereof to purchase one share of Common Stock at an exercise price of $0.25 per share, subject to adjustment. The warrants are currently exercisable and will expire on June 22, 2028.