MICHEL GERARD J 4
4 · DELCATH SYSTEMS, INC. · Filed Aug 21, 2023
Insider Transaction Report
Form 4
MICHEL GERARD J
DirectorCHIEF EXECUTIVE OFFICER
Transactions
- Exercise of In-Money
Common Stock
2023-08-18$4.50/sh+31,110$139,995→ 228,345 total - Exercise of In-Money
Tranche A Warrants to Purchase Common Stock
2023-08-18$0.13/sh−31,110$3,889→ 0 totalExercise: $4.50From: 2023-03-29→ Common Stock (31,110 underlying)
Footnotes (3)
- [F1]The Tranche A Warrants are immediately exercisable.
- [F2]The Tranche A Warrants expire the earlier of (i) twenty-one (21) days following the date of the Issuer's public announcement of its receipt of written approval from the U.S. Food and Drug Administration of its New Drug Application for HEPZATO (the "FDA Approval") and (ii) March 31, 2026.
- [F3]The common stock and Tranche A and Tranche B Warrants were acquired in the issuer's private placement of common stock and warrants, issued as part of a unit. The per unit purchase price was $5.09, including a purchase price of $4.84 per share of common stock and $0.125 for each of the Tranche A and Tranche B Warrants. Each unit consisted of one share of common stock and an accompanying common stock warrant valued at 140% of the aggregate purchase price (the Tranche A Warrant) and an accompanying common stock warrant valued at 100% of the aggregate purchase price (the Tranche B Warrant).