Accession Number: | 0001209191-22-056445 |
Date: | 2022-11-08 |
Issuer: | ARS PHARMACEUTICALS, INC. (SPRY) |
Original Submission Date: |
SHAH PRATIK
C/O ARS PHARMACEUTICALS, INC.
11682 EL CAMINO REAL, SUITE 120
SAN DIEGO, CA 92130
PRATIK SHAH LIVING TRUST DATED JUNE 15, 2011
C/O ARS PHARMACEUTICALS, INC.
11682 EL CAMINO REAL, SUITE 120
SAN DIEGO, CA 92130
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
COMMON STOCK | 2022-11-08 | A | 10,156,204 | a | $0.00 | 10,156,204 | indirect |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
EMPLOYEE STOCK OPTION (RIGHT TO BUY) | 1.44 | 2022-11-08 | deemed execution date | A | 354,570 (a) | 2031-11-30 | common stock 354,570 | $1.44 | 354,570 | direct |
ID | footnote |
---|---|
f1 | received in exchange for 8,593,116 shares of common stock of ars pharmaceuticals, inc. ("ars") pursuant to an agreement and plan of merger and reorganization by and among ars, the issuer and sabre merger sub, inc., a wholly-owned subsidiary of the issuer ("merger sub"), as amended (the "merger agreement"). under the terms of the merger agreement, on november 8, 2022, merger sub merged with and into ars (the "merger"), with ars surviving the merger as a wholly-owned subsidiary of the issuer. upon the closing of the merger, each share of ars common stock was converted into the right to receive 1.1819 shares of the issuer common stock. subsequent to the merger, the name of the issuer was changed from silverback therapeutics, inc. to ars pharmaceuticals, inc. |
f2 | these shares are held in a trust for the benefit of the reporting person. the reporting person is trustee of the trust. |
f3 | the shares subject to the option vest in a series of thirty-six (36) equal monthly installments measured from the vesting commencement date. |
f4 | received in exchange for a stock option to acquire 300,000 shares of common stock of ars with the exercise price of $1.70 per share pursuant to the merger agreement. |
f5 | upon the closing of the merger, each outstanding option to purchase shares of ars common stock was assumed by the issuer and converted into an option to purchase the issuer's common stock. |