Williams Charles O - Mar 24, 2025 Form 4 Insider Report for Surrozen, Inc./DE (SRZN)

Role
CFO and COO
Signature
/s/ Williams Charles O
Stock symbol
SRZN
Transactions as of
Mar 24, 2025
Transactions value $
$0
Form type
4
Date filed
3/25/2025, 09:36 PM
Previous filing
Jan 22, 2025
Next filing
May 5, 2025
SEC
View on sec.gov

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 SRZN Series A Common Stock Warrant (right to buy) Disposed to Issuer $0 -1.47K -100% $0.00 0 Mar 24, 2025 Common Stock 1.47K $16.96 Direct F1
transaction SRZN Series B Common Stock Warrant (right to buy) Disposed to Issuer $0 -1.6K -100% $0.00 0 Mar 24, 2025 Common Stock 1.6K $15.71 Direct F2, F3
transaction SRZN Series C Common Stock Warrant (right to buy) Disposed to Issuer $0 -5.71K -100% $0.00 0 Mar 24, 2025 Common Stock 5.71K $16.00 Direct F4, F5
transaction SRZN Series D Common Stock Warrant (right to buy) Disposed to Issuer $0 -5.71K -100% $0.00 0 Mar 24, 2025 Common Stock 5.71K $16.00 Direct F4, F6
transaction SRZN Series A Common Stock Warrant (right to buy) Award $0 +1.47K $0.00 1.47K Mar 24, 2025 Common Stock 1.47K $12.45 Direct F1
transaction SRZN Series B Common Stock Warrant (right to buy) Award $0 +1.6K $0.00 1.6K Mar 24, 2025 Common Stock 1.6K $12.45 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The warrant was repriced pursuant to a Warrant Cancellation and Amendment Agreement effective March 24, 2025 to decrease the per share exercise price of the warrant from $16.96 to $12.45.
F2 The warrant was repriced pursuant to a Warrant Cancellation and Amendment Agreement effective March 24, 2025 to decrease the per share exercise price of the warrant from $15.71 to $12.45.
F3 The warrant expires on the fifth trading day following the occurrence of the Series B Milestone Event (as defined in the Series B Common Stock Warrant). In the event the Series B Milestone Event has not occurred prior to the fifth anniversary of the issuance date of the warrant, the warrant will automatically terminate on such anniversary date.
F4 The warrant was cancelled pursuant to a Warrant Cancellation and Amendment Agreement effective March 24, 2025.
F5 The warrant is exercisable for 30 days after the earlier of (i) the occurrence of the Series C Milestone Event (as defined in the Series C Common Stock Warrant) and (ii) a Fundamental Transaction (as defined in the Series C Common Stock Warrant).
F6 The warrant is exercisable for 30 days after the earlier of (i) the occurrence of the Series D Milestone Event (as defined in the Series D Common Stock Warrant) and (ii) a Fundamental Transaction (as defined in the Series D Common Stock Warrant).