RORY B. RIGGS - 31 Dec 2024 Form 4 Insider Report for Cibus, Inc. (CBUS)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
Jason Stokes, Attorney-in-Fact for Rory Riggs
Issuer symbol
CBUS
Transactions as of
31 Dec 2024
Transactions value $
$0
Form type
4
Filing time
10 Jan 2025, 09:51:51 UTC
Previous filing
02 Oct 2024
Next filing
23 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CBUS Class B Common Stock Conversion of derivative security -1,388,084 -100% 0 31 Dec 2024 Direct F1, F2
transaction CBUS Class A Common Stock Conversion of derivative security +1,388,084 +40.2% 4,839,912 31 Dec 2024 Direct F2, F3
holding CBUS Class A Common Stock 2,916 31 Dec 2024 See footnote F4
holding CBUS Class A Common Stock 15,791 31 Dec 2024 By Spouse

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 CBUS Cibus Common Unit Conversion of derivative security -1,388,084 -100% 0 31 Dec 2024 Class A Common Stock 1,388,084 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock of Cibus, Inc. is paired with a common unit of Cibus Global LLC, which collectively comprise an Up-C Unit.
F2 The Up-C Units are generally exchangeable for shares of the Issuer's Class A Common Stock on a 1-for-1 basis pursuant to an Exchange Agreement dated May 31, 2023 by and among the Issuer, Cibus Global LLC, and the holders of Up-C Units.
F3 Pursuant to the Exchange Agreement, the reporting person exchanged Up-C Units for the same number of shares of Class A Common Stock.
F4 Represents shares of Class A Common Stock of the Issuer held by the Rory Riggs Family Trust, for which the reporting person is trustee and has sole voting and dispositive power with respect to the shares held by the trust.
F5 Each Common Unit is part of an Up-C Unit, together with a share of Class B Common Stock, with each Up-C Unit exchangeable for shares of Class A Common Stock on a 1-for-1 basis pursuant to the terms of the Exchange Agreement.