Braglia Riccardo 4
4 · Thorne Healthtech, Inc. · Filed Oct 18, 2023
Insider Transaction Report
Form 4
Braglia Riccardo
Director10% Owner
Transactions
- Disposition to Issuer
Common Stock
2023-10-16−5,424,550→ 0 total(indirect: See Footnote) - Disposition to Issuer
Warrant (Right to buy)
2023-10-16−453,455→ 0 total(indirect: See Footnote)Exercise: $6.74Exp: 2030-06-23→ Common Stock (453,455 underlying)
Footnotes (3)
- [F1]At the effective time of the merger (the "Effective Time") contemplated by the Agreement and Plan of Merger between the Issuer, Healthspan Buyer, LLC and Healthspan Merger Sub, Inc., dated as of August 27, 2023 (the "Merger Agreement"), each issued and outstanding share of the Issuer's Common Stock was cancelled and converted into the right to receive an amount equal to $10.20 in cash (the "Per Share Price"), subject to the terms set forth in the Merger Agreement.
- [F2]The securities are directly held by Helsinn International (U.S.) Corporation ("Helsinn") (formerly ELUS Holdings Corporation). The Reporting Person serves as Chairman of the board of directors of Helsinn and as Chairman of Helsinn's ultimate parent company, Helsinn SA.
- [F3]At the Effective Time, the warrant was cancelled pursuant to the Merger Agreement in exchange for a cash payment equal to (x) the difference between the Per Share Price and the per share exercise price of the warrant, multiplied by (y) the number of disposed warrant shares.