Form 4: Surrozen CEO Craig C. Parker Amends and Cancels Stock Warrants

Surrozen's CEO, Craig C. Parker, executed a series of transactions involving the repricing and cancellation of stock warrants on March 24, 2025.

Summary

• Craig C. Parker, CEO of Surrozen, Inc., filed a Form 4 detailing changes in beneficial ownership.
• The transactions, dated March 24, 2025, involve the repricing and cancellation of several series of common stock warrants.
• Series A and B warrants were repriced from \$16.96 and \$15.71, respectively, to \$12.45 per share.
• Series C and D warrants were cancelled entirely.
• The repricing and cancellation were executed pursuant to a Warrant Cancellation and Amendment Agreement.
• The Series B warrants expire on the fifth trading day following the Series B Milestone Event or the fifth anniversary of the issuance date.
• Series C and D warrants are exercisable for 30 days after the earlier of a milestone event or a fundamental transaction.

Sentiment

Score: 5

Explanation: The document describes routine financial transactions (warrant repricing and cancellation) with no clear positive or negative implications. It's a neutral event from an investment perspective.

Future Outlook

The Series B warrants' expiration is contingent upon the occurrence of a Series B Milestone Event, adding uncertainty to their potential value.

Industry Context

Warrant repricing and cancellation can be strategic moves by companies to manage their capital structure and incentivize key personnel or investors.

Stakeholder Impact

• Shareholders may be affected by the changes in the warrant structure, potentially impacting the company's future capital raising ability.
• The repricing of warrants could impact the potential dilution of existing shareholders.

Key Dates

Keywords

Form 4, Surrozen, Warrants, Repricing, Cancellation, Craig C. Parker, Beneficial Ownership, Securities