Paul B. Manning - Sep 19, 2024 Form 4 Insider Report for Verrica Pharmaceuticals Inc. (VRCA)

Role
Director, 10%+ Owner
Signature
/s/ Mark Ballantyne, Attorney-in-Fact
Stock symbol
VRCA
Transactions as of
Sep 19, 2024
Transactions value $
$0
Form type
4
Date filed
9/23/2024, 04:15 PM
Previous filing
Sep 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRCA Common Stock Gift $0 -2.68M -100% $0.00 0 Sep 19, 2024 By GRAT F1
transaction VRCA Common Stock Gift $0 +892K $0.00 892K Sep 19, 2024 By trust F1, F2
transaction VRCA Common Stock Gift $0 +892K $0.00 892K Sep 19, 2024 By trust F1, F2
transaction VRCA Common Stock Gift $0 +892K $0.00 892K Sep 19, 2024 By trust F1, F2
holding VRCA Common Stock 7.85M Sep 19, 2024 Direct F3
holding VRCA Common Stock 3.32M Sep 19, 2024 By trust F4
holding VRCA Common Stock 1.48M Sep 19, 2024 See footnote F5
holding VRCA Common Stock 257K Sep 19, 2024 See footnote F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon termination of a Grantor Retained Annuity Trust, 2,675,611.25 shares were transferred to trusts for the benefit of the Reporting Person's immediate family members on September 19, 2024.
F2 These shares are held in separate trusts for the benefit of the Reporting Person's immediate family members. The Reporting Person's spouse is trustee of each trust. The Reporting Person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F3 The shares are held by Mr. Manning jointly with his spouse.
F4 The shares are held directly by The Paul B. Manning Revocable Trust dated May 10, 2000 (the "Trust"). The Reporting Person is the trustee of the Trust and has sole voting and investment power with respect to the shares held by the Trust.
F5 The shares are held directly by BKB Growth Investments, LLC ("BKB"). The Reporting Person is a co-manager of the manager of BKB and has shared voting and investment power with respect to the shares held by BKB.
F6 The shares are held directly by PBM Capital Investments, LLC ("PBMCI"). The Reporting Person is CEO of PBMCI and has sole voting and investment power with respect to the shares held by PBMCI.