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Skye Bioscience, Inc. — Director's Dealing 2025
Apr 25, 2025
34097_dirs_2025-04-25_829a31ca-f07e-432a-912c-c386ec870d1b.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Skye Bioscience, Inc. (SKYE)
CIK: 0001516551
Period of Report: 2025-04-23
Reporting Person: Twitty Christopher (Chief Scientific Officer)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 81242 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $3.50 | 2033-09-29 | Common Stock (17004) | Direct | |
| Stock Option (Right to Buy) | $14.56 | 2034-02-28 | Common Stock (75000) | Direct | |
| Stock Option (Right to Buy) | $3.50 | 2033-08-25 | Common Stock (7100) | Direct | |
| Stock Option (Right to Buy) | $5.15 | 2034-10-28 | Common Stock (200000) | Direct | |
| Stock Option (Right to Buy) | $2.89 | 2035-02-24 | Common Stock (150000) | Direct | |
| Stock Option (Right to Buy) | $4.25 | 2033-01-05 | Common Stock (12000) | Direct |
Footnotes
F1: Includes (a) 14,060 restricted stock unit ("RSU") awards that vests upon the company achieving a market capitalization of $500 million or more and (b) 25,000 RSUs that vest upon the achievement of the following performance milestones: (i) 25% vests upon the company achieving a market capitalization of $750 million and a stock price of $20.00 per share, (ii) an additional 25% vests upon the company achieving a market capitalization of $1 billion and a stock price of $25.00 per share, (iii) an additional 25% vests upon the company achieving a market capitalization of $1.25 billion and a stock price of $30.00 per share and (iv) an additional 25% vests if the company achieves a market capitalization of $1.5 billion or greater and a stock price of $35.00 per share.
F2: The stock option vests in equal monthly installments over the four year period beginning on August 24, 2023.
F3: The stock option vests in equal monthly installments over the four year period beginning February 29, 2024.
F4: The stock option vests in equal monthly installments over the four year period beginning August 24, 2023.
F5: The stock option vests in equal monthly installments over the four year period beginning October 28, 2024.
F6: The stock option vests in equal monthly installments over the one year period beginning February 21, 2025.
F7: The stock option vests 25% on December 8, 2023 and 1/48th monthly thereafter.