Michael Eric Smith - 18 Jan 2022 Form 4 Insider Report for Danimer Scientific, Inc. (DNMRQ)

Signature
/s/ Michael Smith
Issuer symbol
DNMRQ
Transactions as of
18 Jan 2022
Net transactions value
-$29,160
Form type
4
Filing time
20 Jan 2022, 19:28:56 UTC
Previous filing
04 Jan 2022
Next filing
22 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DNMR Class A Common Stock ("Common Stock") Options Exercise $32,800 +10,000 +2.9% $3.28 358,744 18 Jan 2022 Direct F1
transaction DNMR Common Stock Sale $61,960 -10,000 -2.8% $6.20 348,744 18 Jan 2022 Direct F1, F2, F3

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 DNMR Stock Option (right to purchase) Options Exercise $0 -10,000 -1.6% $0.000000 618,909 18 Jan 2022 Common Stock 10,000 $3.28 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 348,744 restricted shares of the Common Stock granted under a previously disclosed restricted stock award.
F2 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Smith on June 25, 2021. The Reporting Person exercised no discretion with respect to the sale. Proceeds from the sale were used to pay the exercise price of stock options, pursuant to a broker-assisted cashless exercise, and applicable withholding taxes.
F3 The January 18, 2022 sale of 10,000 shares of Common Stock was executed in multiple trades at prices ranging from $6.185 to $6.225. The price reported above reflects the volume-weighted average sale price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 The options are fully vested and currently exercisable.