David P. Perry - Apr 10, 2023 Form 4 Insider Report for Better Therapeutics, Inc. (BTTX)

Role
Executive Chairman of the Board of Directors, Director, 10%+ Owner
Signature
/s/ Mark Heinen, Attorney-in-Fact for David P. Perry
Stock symbol
BTTX
Transactions as of
Apr 10, 2023
Transactions value $
$4,100,000
Form type
4
Date filed
4/12/2023, 09:44 PM
Previous filing
Sep 19, 2022
Next filing
Jun 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BTTX Common Stock Purchase $1.1M +1.33M +12.74% $0.83 11.8M Apr 10, 2023 By Perry Trust F1, F2, F3
transaction BTTX Common Stock Purchase $3M +3.64M $0.83 3.64M Apr 10, 2023 By Maule-Ffinch Trust F1, F4, F5
holding BTTX Common Stock 293K Apr 10, 2023 By spouse F6
holding BTTX Common Stock 21.3K Apr 10, 2023 By Pensus Limited Trust F7
holding BTTX Common Stock 102K Apr 10, 2023 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 6, 2023, the Issuer entered into a Securities Purchase Agreement with certain investors (the "PIPE Investors") in a private placement offering, pursuant to which the PIPE Investors agreed to purchase shares of Issuer common stock for $0.825 per share.
F2 As one of the PIPE Investors, the David P. Perry 2015 Trust (the "Perry Trust") acquired 1,333,333 shares of Issuer common stock on April 10, 2023 for $0.825 per share.
F3 These shares are owned directly by the Perry Trust, a ten percent owner of the Issuer, and indirectly by David P. Perry ("Perry") as trustee of the Perry Trust. Perry is an officer, director and ten percent owner of the Issuer.
F4 As one of the PIPE Investors, the Georgianna Maule-Ffinch 2015 Trust (the "Maule-Ffinch Trust") acquired 3,636,364 shares of Issuer common stock on April 10, 2023 for $0.825 per share.
F5 These shares are owned directly by the Maule-Ffinch Trust, a ten percent owner of the Issuer, and indirectly by Perry's spouse, Georgianna Maule-Ffinch ("Maule-Ffinch"), as the sole trustee of the Maule-Ffinch Trust, for the benefit of Maule-Ffinch and her children. Perry disclaims beneficial ownership of these securities, and the filing of this Form 4 is not an admission that Perry is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F6 These shares are owned directly by Maule-Ffinch.
F7 These shares are owned directly by Donald R. Leo, Trustee of Pensus Limited Trust dated 06/12/2010 FBO Georgianna Maule-Ffinch (the "Pensus Limited Trust") for the benefit of Maule-Ffinch. Perry disclaims beneficial ownership of these securities, and the filing of this Form 4 is not an admission that Perry is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

Remarks:

Executive Chairman of the Board of Directors