Alison Mosca - 01 Oct 2021 Form 4 Insider Report for Clene Inc. (CLNN)

Role: Director
Signature: /s/ Alison Mosca
Issuer symbol: CLNN
Transactions as of: 01 Oct 2021
Transactions value $: $250
Form type: 4
Filing time: 20 Jan 2022, 15:39:59 UTC
Previous filing: 05 Aug 2021
Next filing: 05 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CLNN	Common Stock	Exercise of in-the-money or at-the-money derivative security	$150	+15,000	+0.5%	$0.01^*	3,006,670	01 Oct 2021	By LP	F1
transaction	CLNN	Common Stock	Exercise of in-the-money or at-the-money derivative security	$100	+10,000	+0.69%	$0.01^*	1,459,945	01 Oct 2021	By Trust	F2

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	CLNN	Warrants (Right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-15,000	-100%	$0^*	0	01 Oct 2021	Common Stock	15,000	$0.01	By LP	F1
transaction	CLNN	Warrants (Right to buy)	Exercise of in-the-money or at-the-money derivative security	$0	-10,000	-100%	$0^*	0	01 Oct 2021	Common Stock	10,000	$0.01	By Trust	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities are owned by Kensington Investments, L.P. ("KI"). Ms. Mosca is the president of Kensington Management LLC, which is the general partner of KI, and also serves as the trustee of the Robert C. Gay Revocable Trust, which is the limited partner of KI. The securities owned by KI may be deemed to be beneficially owned by Ms. Mosca. Ms. Mosca disclaims all securities owned by KI, for which she does not have a pecuniary or profits interest.
F2	The securities are owned by the Robert C. Gay 1998 Family Trust. Ms. Mosca is the trustee of the Robert C. Gay 1998 Family Trust. The securities owned by the Robert C. Gay 1998 Family Trust may be deemed to be beneficially owned by Ms. Mosca. Ms. Mosca has no pecuniary or profits interest in the securities held by the Robert C. Gay 1998 Family Trust.

Content

The securities are owned by Kensington Investments, L.P. ("KI"). Ms. Mosca is the president of Kensington Management LLC, which is the general partner of KI, and also serves as the trustee of the Robert C. Gay Revocable Trust, which is the limited partner of KI. The securities owned by KI may be deemed to be beneficially owned by Ms. Mosca. Ms. Mosca disclaims all securities owned by KI, for which she does not have a pecuniary or profits interest.

The securities are owned by the Robert C. Gay 1998 Family Trust. Ms. Mosca is the trustee of the Robert C. Gay 1998 Family Trust. The securities owned by the Robert C. Gay 1998 Family Trust may be deemed to be beneficially owned by Ms. Mosca. Ms. Mosca has no pecuniary or profits interest in the securities held by the Robert C. Gay 1998 Family Trust.