Rory B. Riggs - Jun 11, 2024 Form 4 Insider Report for Cibus, Inc. (CBUS)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Rory Riggs
Stock symbol: CBUS
Transactions as of: Jun 11, 2024
Transactions value $: $1,000,008
Form type: 4
Date filed: 6/14/2024, 06:53 AM
Previous filing: Apr 2, 2024
Next filing: Jun 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CBUS	Class A Common Stock	Award	$1M	+98K	+3.16%	$10.20	3.2M	Jun 11, 2024	Direct	F2
holding	CBUS	Class A Common Stock						2.92K	Jun 11, 2024	See footnote	F1
holding	CBUS	Class A Common Stock						15.8K	Jun 11, 2024	By spouse

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	CBUS	Common Warrant	Award		+98K			98K	Jun 11, 2024	Class A Common Stock	98K	$10.07	Direct	F2, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares of Class A Common Stock, par value $0.0001 ("Class A Common Stock"), of Cibus, Inc. (the "Company") held by the Rory Riggs Family Trust, for which the reporting person is trustee and has sole voting and dispositive power with respect to the shares held by the trust.
F2	On June 11, 2024, the Company entered into a Securities Purchase Agreement (the "Purchase Agreement") with Rory Riggs, the Issuer's chief executive officer. Pursuant to the Purchase Agreement, the Company agreed to issue and sell to Mr. Riggs (i) 98,040 shares of Class A Common Stock and an accompanying common warrant to purchase Class A Common Stock at a combined offering price of $10.20. The Purchase Agreement was entered into in connection with the Issuer's registered direct offering, which is expected to close with respect to Mr. Riggs on or about June 13, 2024. The transaction was approved by the Issuer's board of directors in accordance with Rule 16b-3.
F3	Represents the consolidated closing bid price on the Nasdaq Capital Market on June 11, 2024.
F4	Common Warrants issued to Mr. Riggs will expire on June 13, 2029, may be exercised on a one-for-one basis for shares of Class A Common Stock at an exercise price of $10.07 per share of Class A Common Stock, and are exercisable immediately, to the extent that after giving effect to such exercise the Reporting Person would beneficially own, for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, no more than 19.99% of the outstanding shares of Class A Common Stock or the combined voting power of all of the Company's outstanding common stock.