STERN ADAM K bought MTNB
July 10, 2026 · Form 4 insider transaction
STERN ADAM K bought 630,335 shares of MTNB at $0.35 per share, a transaction worth $220.6K. The trade was recorded as exercise of in-the-money option and disclosed on an SEC Form 4, filed 34 days after the transaction.
Footnotes
On July 10, 2026, the Registrant entered into inducement offer letter agreements with certain Reporting Persons, pursuant to which such Reporting Persons agreed to exercise for cash all of their outstanding warrants at the current exercise price of $0.35 per share in consideration for the Registrant's agreement to issue, in a private placement, new unregistered common stock purchase warrants (the "New Warrants"). The Registrant is required to obtain stockholder approval ("Inducement Stockholder Approval") for the issuance of the shares of common stock underlying the New Warrants. The New Warrants will be exercisable beginning on the date Inducement Stockholder Approval is received at an exercise price of $0.35 per share and will expire on the five-year anniversary of the date Inducement Stockholder Approval is received.