| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BTAI | Common Stock | Options Exercise | +2.61 K | +5.99% | 46.2 K | Jun 14, 2024 | Direct | F1 | ||
| transaction | BTAI | Common Stock | Options Exercise | +3.5 K | +7.58% | 49.7 K | Jun 15, 2024 | Direct | F1 | ||
| transaction | BTAI | Common Stock | Sale | -$2.74 K | -2.13 K | -4.3% | $1.28 | 47.5 K | Jun 17, 2024 | Direct | F2, F3 |
| holding | BTAI | Common Stock | 2 K | Jun 14, 2024 | By spouse | ||||||
| holding | BTAI | Common Stock | 7.69 M | Jun 14, 2024 | By BioXcel LLC | F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | BTAI | Restricted Stock Units | Options Exercise | $0 | -2.61 K | -12.5% | $0.00 | 18.3 K | Jun 14, 2024 | Common Stock | 2.61 K | Direct | F1, F5 | |
| transaction | BTAI | Restricted Stock Units | Options Exercise | $0 | -3.5 K | -8.33% | $0.00 | 38.5 K | Jun 15, 2024 | Common Stock | 3.5 K | Direct | F1, F6 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's Common Stock. |
| F2 | The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 14, 2023. |
| F3 | The price reported in a weighted average price. The securities were sold in multiple transactions at a per share prices ranging from $1.275 to $1.295. The Reporting Person undertakes to provide upon request the Securities and Exchange Commission staff, the Issuer, or any shareholder of the Issuer, full information regarding the number of securities sole at each separate price within the range set forth in this footnote. |
| F4 | These securities are held of record by BioXcel LLC. BioXcel LLC is a subsidiary of BioXcel Holdings, Inc. ("Parent"). The Reporting Person is an executive officer and the sole member of the board of directors of Parent and an executive officer and one of two managers on the board of managers of BioXcel LLC and Parent. By virtue of these relationships, the Reporting Person may be deemed to be the beneficial owner of the securities held of record by BioXcel LLC. The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein. This report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for the purpose of Section 16 or for any other purpose. |
| F5 | On March 14, 2022, the Reporting Person was granted 41,750 RSUs, vesting as to 25% of the total number of RSUs on the first anniversary of March 14, 2022 and as to 6.25% of the total number of RSUs at the end of each successive three-month period thereafter, subject to the Reporting Person's continuous employment with the Issuer through the relevant vesting dates. |
| F6 | On March 15, 2023, the Reporting Person was granted 56,000 RSUs, vesting as to 25% of the total number of RSUs on the first anniversary of March 15, 2023 and as to 6.25% of the total number of RSUs at the end of each successive three month period thereafter, subject to the Reporting Person's continuous employment with the Issuer through the relevant vesting dates. |