Scott Tuten - 17 Apr 2023 Form 4 Insider Report for Danimer Scientific, Inc. (DNMR)

Signature
/s/Stephen A. Martin, attorney-in-fact
Issuer symbol
DNMR
Transactions as of
17 Apr 2023
Net transactions value
-$42,619
Form type
4
Filing time
19 Apr 2023, 16:40:11 UTC
Previous filing
21 Mar 2023
Next filing
17 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DNMR Class A Common Stock Sale $42,619 -10,000 -2.7% $4.26 365,210 17 Apr 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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).

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Tuten on July 18, 2022. The Reporting Person exercised no discretion with respect to the sale.