4//SEC Filing
Weber Teresa Sue 4
Accession 0001209191-23-002783
CIK 0001819253other
Filed
Jan 9, 7:00 PM ET
Accepted
Jan 10, 4:23 PM ET
Size
12.0 KB
Accession
0001209191-23-002783
Insider Transaction Report
Form 4
biote Corp.BTMD
Weber Teresa Sue
DirectorChief Executive Officer
Transactions
- Conversion
Retained Biote Units
2023-01-06−865,384→ 2,967,092 total→ Class A Common Stock (865,384 underlying) - Conversion
Class A Common Stock
2023-01-06+865,384→ 950,424 total - Other
Class V Common Stock
2023-01-06−865,384→ 2,967,092 total - Sale
Class A Common Stock
2023-01-09$3.00/sh−865,384$2,596,152→ 85,040 total
Footnotes (4)
- [F1]Represents the exchange of Retained Biote Units ("Units") for shares of Class A Common Stock and the cancellation of an equivalent number of shares of Class V Common Stock in connection therewith.
- [F2]These shares of Class V Common Stock of the Issuer provide no economic rights in the Issuer to the holder thereof. However, each holder of Class V Common Stock will be entitled to vote with the holders of Class A Common Stock of the Issuer, with each share of Class V Common Stock entitling the holder to a number of votes equal to the number of Units held by such Class V Common Stock holder at the time of such vote.
- [F3]Received pursuant to the Business Combination Agreement between Haymaker Acquisition Corp. III, a Delaware corporation, Haymaker Sponsor III LLC, a Delaware limited liability company, BioTE Holdings, LLC, a Nevada limited liability company ("Biote"), BioTE Management, LLC, a Nevada limited liability company, Dr. Gary Donovitz, in his individual capacity and Teresa S. Weber, in her capacity as the members' representative ("the BCA").
- [F4]The Units represent non-voting limited liability company interests of Biote. Pursuant to the terms of the Second Amended and Restated Operating Agreement, beginning November 26, 2022, these Units and an equivalent number of shares of Class V Common Stock are exchangeable on a one-for-one basis for shares of Class A Common Stock, subject to certain conditions, or, in certain circumstances, at the election of the Issuer in its capacity as the sole manager of Biote, the cash equivalent of the market value of one share of Class A common stock. These exchange rights do not expire.
Documents
Issuer
biote Corp.
CIK 0001819253
Entity typeother
Related Parties
1- filerCIK 0001931415
Filing Metadata
- Form type
- 4
- Filed
- Jan 9, 7:00 PM ET
- Accepted
- Jan 10, 4:23 PM ET
- Size
- 12.0 KB