Cibus, Inc. — Director's Dealing 2024

Jan 4, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cibus, Inc. (CBUS)
CIK: 0001705843
Period of Report: 2023-12-29

Reporting Person: RIGGS RORY B (Director, Chief Executive Officer, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-12-29	Class B Common Stock	J	1505967	$0.00	Acquired	2867193	Direct
2023-12-29	Class B Common Stock	C	1500000	$0.00	Disposed	1367193	Direct
2023-12-29	Class A Common Stock	C	1500000	$0.00	Acquired	3103788	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-12-29	Cibus Common Units	$	J	1505967	Acquired		Class A Common Stock (1505967)	Direct
2023-12-29	Cibus Common Units	$	C	1500000	Disposed		Class A Common Stock (1500000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	2916	Indirect
Class A Common Stock	15791	Indirect
Class B Common Stock	20891	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Cibus Common Units	$		Class A Common Stock (20891)	20891	Indirect

Footnotes

F1: Represents shares of Class A Common Stock, par value $0.0001 ("Class A Common Stock"), of Cibus, Inc. (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.

F2: Each share of the Issuer's Class B Common Stock, par value $0.0001 (the "Class B Common Stock") is paired with a common unit (the "Common Units") of Cibus Global, LLC ("Cibus Global"), which collectively comprise an "Up-C Unit." The Up-C Units are generally exchangeable for shares of Class A Common Stock on a one-for-one basis pursuant to the terms of the Exchange Agreement (the "Exchange Agreement"), dated May 31, 2023, by and among the Issuer, Cibus Global, and the holders of Up-C Units. On December 29, 2023, New Ventures Agtech Solutions, LLC ("New Ventures") completed a distribution to the Reporting Person of 1,505,967 Up-C Units (the "Distribution"). Such Up-C Units were previously reported as indirectly attributable to the Reporting Person as a result of the Reporting Person having shared voting and investment power in respect of New Ventures and the other investors in New Ventures.

F3: (Continued from Footnote 2) Simultaneously with the Distribution, the Reporting Person exchanged 1,500,000 shares of such Up-C Units for 1,500,000 shares of Class A Common Stock (the "Reporting Person Exchange") in accordance with the Exchange Agreement, Accordingly, although the Reporting Person's aggregate beneficial ownership has not changed, this Form reports the change in the Reporting Person's beneficial ownership both in name and form.

F4: Reflects the Reporting Person Exchange, which resulted solely in a change in the form of the Reporting Person's aggregate beneficial ownership.

F5: Includes 1,361,226 shares of Class B Common Stock, as part of Up-C Units, previously reported by the Reporting Person and 5,967 shares of Class B Common Stock, as part of the Up-C Units received in the Distribution and not exchanged in the Reporting Person Exchange.

F6: Includes 1,603,788 shares of Class A Common Stock previously reported by the Reporting Person and 1,500,000 shares of Class A Common Stock received pursuant to the Reporting Person Exchange.

F7: 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 one-for-one basis pursuant to the terms of the Exchange Agreement.

F8: Includes 1,361,226 Common Units, as part of Up-C Units, previously reported by the Reporting Person and 5,967 Common Units, as part of the Up-C Units received in the Distribution and not exchanged in the Reporting Person Exchange.