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[Form 4] 60 Degrees Pharmaceuticals, Inc. Warrant Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Insider option grant and ownership change at 60 Degrees Pharmaceuticals — Kristen Landon, the company’s Chief Operating Officer, was granted 4,167 stock options with an exercise price of $6.85. The options vest in five equal annual tranches beginning December 31, 2024, and have a 10-year maximum term. After the grant, Landon beneficially owns 4,167 underlying shares directly. The filing notes it was submitted late due to an administrative error and that all figures were retroactively adjusted for a 1-for-5 reverse stock split effected by the issuer.

Concessione di opzioni da insider e variazione di partecipazione in 60 Degrees Pharmaceuticals — Kristen Landon, Chief Operating Officer della società, ha ricevuto 4.167 opzioni su azioni con prezzo di esercizio di $6,85. Le opzioni maturano in cinque tranche annuali uguali a partire dal 31 dicembre 2024 e hanno una durata massima di 10 anni. Dopo la concessione, Landon detiene direttamente in via beneficiaria 4.167 azioni sottostanti. Nel documento si precisa che la comunicazione è stata inoltrata in ritardo per un errore amministrativo e che tutti i dati sono stati rettificati retroattivamente in seguito a un reverse stock split 1-per-5 effettuato dall’emittente.

Concesión de opciones por parte de un insider y cambio de participación en 60 Degrees Pharmaceuticals — Kristen Landon, directora de operaciones de la compañía, recibió 4.167 opciones sobre acciones con un precio de ejercicio de $6,85. Las opciones se consolidan en cinco tramos anuales iguales a partir del 31 de diciembre de 2024 y tienen un plazo máximo de 10 años. Tras la concesión, Landon posee beneficiarimente 4.167 acciones subyacentes en propiedad directa. La presentación indica que se presentó con retraso por un error administrativo y que todas las cifras se ajustaron retroactivamente por un split inverso 1 por 5 aplicado por el emisor.

60 Degrees Pharmaceuticals의 내부자 옵션 부여 및 보유 지분 변동 — 회사의 최고운영책임자(COO)인 크리스텐 랜던은 행사가격 $6.854,167주에 해당하는 스톡옵션을 부여받았습니다. 해당 옵션은 2024년 12월 31일부터 시작해 5년간 매년 동일한 비율로 취득되며, 최대 만기 10년입니다. 부여 이후 랜던은 직접적으로 4,167주의 기초주식을 수익적으로 보유하고 있습니다. 제출서에는 행정상 실수로 신고가 지연되었고, 발행회사가 시행한 1대5 액면병합(reverse stock split)에 맞춰 모든 수치가 소급 조정되었음이 표기되어 있습니다.

Attribution d’options par un initié et modification de participation chez 60 Degrees Pharmaceuticals — Kristen Landon, directrice des opérations de la société, s’est vue attribuer 4 167 options d’achat d’actions au prix d’exercice de 6,85 $. Les options acquièrent en cinq tranches annuelles égales à compter du 31 décembre 2024 et ont une durée maximale de 10 ans. Après l’attribution, Landon détient directement à titre bénéficiaire 4 167 actions sous-jacentes. Le dossier indique que la déclaration a été déposée tardivement en raison d’une erreur administrative et que toutes les valeurs ont été ajustées rétroactivement suite à un reverse stock split 1 pour 5 effectué par l’émetteur.

Insider-Optionszuteilung und Änderung der Beteiligung bei 60 Degrees Pharmaceuticals — Kristen Landon, Chief Operating Officer des Unternehmens, wurden 4.167 Aktienoptionen mit einem Ausübungspreis von $6,85 gewährt. Die Optionen werden in fünf gleichen jährlichen Tranchen ab dem 31. Dezember 2024 unverfallbar und haben eine maximale Laufzeit von 10 Jahren. Nach der Zuteilung besitzt Landon wirtschaftlich direkt 4.167 zugrundeliegende Aktien. In der Meldung wird angegeben, dass die Einreichung aufgrund eines Verwaltungsfehlers verspätet erfolgte und alle Zahlen rückwirkend an einen vom Emittenten durchgeführten 1-zu-5 Reverse Stock Split angepasst wurden.

Positive
  • Executive alignment: Grant increases the COO’s equity stake, aligning incentives with shareholder value creation.
  • Standard vesting: Time-based vesting over five years supports retention and long-term focus.
Negative
  • Late disclosure: The Form 4 was filed late due to an administrative error, indicating a compliance lapse.
  • Small grant size: The option count (4,167) is modest and unlikely to materially drive company performance.

Insights

TL;DR: A modest option grant aligns COO incentives with shareholders but is unlikely to be materially value-driving.

The grant of 4,167 options at a $6.85 strike increases executive alignment with equity performance while diluting shareholders minimally given the small option count. Vesting over five years ties retention to multi-year performance. The 10-year term is standard for employee options. The late Form 4 filing is an administrative compliance lapse but does not change the economics of the grant. The retroactive adjustment for a 1-for-5 reverse split is an important technical detail for share counts and comparable analysis.

TL;DR: Standard compensation action with governance flags from a late disclosure.

The structure — time-based vesting in equal annual tranches and a 10-year term — follows common practice for retention-focused equity awards. Reporting a late Form 4 is a governance control weakness that should be remediated to maintain transparency. The disclosure does correctly state the split adjustment, which preserves accuracy of beneficial ownership records.

Concessione di opzioni da insider e variazione di partecipazione in 60 Degrees Pharmaceuticals — Kristen Landon, Chief Operating Officer della società, ha ricevuto 4.167 opzioni su azioni con prezzo di esercizio di $6,85. Le opzioni maturano in cinque tranche annuali uguali a partire dal 31 dicembre 2024 e hanno una durata massima di 10 anni. Dopo la concessione, Landon detiene direttamente in via beneficiaria 4.167 azioni sottostanti. Nel documento si precisa che la comunicazione è stata inoltrata in ritardo per un errore amministrativo e che tutti i dati sono stati rettificati retroattivamente in seguito a un reverse stock split 1-per-5 effettuato dall’emittente.

Concesión de opciones por parte de un insider y cambio de participación en 60 Degrees Pharmaceuticals — Kristen Landon, directora de operaciones de la compañía, recibió 4.167 opciones sobre acciones con un precio de ejercicio de $6,85. Las opciones se consolidan en cinco tramos anuales iguales a partir del 31 de diciembre de 2024 y tienen un plazo máximo de 10 años. Tras la concesión, Landon posee beneficiarimente 4.167 acciones subyacentes en propiedad directa. La presentación indica que se presentó con retraso por un error administrativo y que todas las cifras se ajustaron retroactivamente por un split inverso 1 por 5 aplicado por el emisor.

60 Degrees Pharmaceuticals의 내부자 옵션 부여 및 보유 지분 변동 — 회사의 최고운영책임자(COO)인 크리스텐 랜던은 행사가격 $6.854,167주에 해당하는 스톡옵션을 부여받았습니다. 해당 옵션은 2024년 12월 31일부터 시작해 5년간 매년 동일한 비율로 취득되며, 최대 만기 10년입니다. 부여 이후 랜던은 직접적으로 4,167주의 기초주식을 수익적으로 보유하고 있습니다. 제출서에는 행정상 실수로 신고가 지연되었고, 발행회사가 시행한 1대5 액면병합(reverse stock split)에 맞춰 모든 수치가 소급 조정되었음이 표기되어 있습니다.

Attribution d’options par un initié et modification de participation chez 60 Degrees Pharmaceuticals — Kristen Landon, directrice des opérations de la société, s’est vue attribuer 4 167 options d’achat d’actions au prix d’exercice de 6,85 $. Les options acquièrent en cinq tranches annuelles égales à compter du 31 décembre 2024 et ont une durée maximale de 10 ans. Après l’attribution, Landon détient directement à titre bénéficiaire 4 167 actions sous-jacentes. Le dossier indique que la déclaration a été déposée tardivement en raison d’une erreur administrative et que toutes les valeurs ont été ajustées rétroactivement suite à un reverse stock split 1 pour 5 effectué par l’émetteur.

Insider-Optionszuteilung und Änderung der Beteiligung bei 60 Degrees Pharmaceuticals — Kristen Landon, Chief Operating Officer des Unternehmens, wurden 4.167 Aktienoptionen mit einem Ausübungspreis von $6,85 gewährt. Die Optionen werden in fünf gleichen jährlichen Tranchen ab dem 31. Dezember 2024 unverfallbar und haben eine maximale Laufzeit von 10 Jahren. Nach der Zuteilung besitzt Landon wirtschaftlich direkt 4.167 zugrundeliegende Aktien. In der Meldung wird angegeben, dass die Einreichung aufgrund eines Verwaltungsfehlers verspätet erfolgte und alle Zahlen rückwirkend an einen vom Emittenten durchgeführten 1-zu-5 Reverse Stock Split angepasst wurden.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Landon Kristen

(Last) (First) (Middle)
C/O 60 DEGREES PHARMACEUTICALS, INC.
1025 CONNECTICUT AVENUE NW SUITE 1000

(Street)
WASHINGTON DC 20036

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
60 DEGREES PHARMACEUTICALS, INC. [ SXTP ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/26/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options (Right to Buy)(1)(2)(3) $6.85 09/26/2024 A 4,167 (1) 09/26/2034 Common Stock 4,167 $0 4,167 D
Explanation of Responses:
1. The options were granted pursuant to the 60 Degrees Pharmaceuticals, Inc. 2022 Equity Incentive Plan. The options shall vest and become exercisable in five equal tranches on the last date of each fiscal year, with the first vesting date being December 31, 2024. The options have a maximum term of 10 years from the date of grant.
2. This Form 4 is being filed late due to an inadvertent administrative error.
3. All information has been retroactively adjusted to reflect the 1-for-5 reverse stock split effected by the Issuer on February 24, 2025.
/s/ Kristen Landon 08/14/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What securities did Kristen Landon acquire according to the Form 4?

The Form 4 reports a grant of 4,167 stock options exercisable into common stock.

What is the exercise price and term of the options in the filing?

The options have an exercise price of $6.85 and a maximum term of 10 years from grant.

How do the options vest for the COO?

The options vest in five equal annual tranches, with the first vesting on December 31, 2024.

Was there any adjustment to the reported figures?

Yes, all reported information was retroactively adjusted to reflect a 1-for-5 reverse stock split effected by the issuer.

Does the filing indicate any compliance issues?

The filing states it was submitted late due to an inadvertent administrative error.
60 Degrees Pharm

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Medicinal and Botanical Manufacturing
Pharmaceutical Preparations
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