[Form 4] 60 Degrees Pharmaceuticals, Inc. Warrant Insider Trading Activity
Kristen Landon, Chief Operating Officer and director of 60 Degrees Pharmaceuticals, Inc., reports acquiring 4,540 shares of the issuer's common stock on 01/17/2025. The reported acquisition was at no cash price ($0) and leaves Ms. Landon with 4,540 shares held directly. The filing notes it was submitted late due to an inadvertent administrative error and that the reported share totals were adjusted to reflect a 1-for-5 reverse stock split effective 02/24/2025. The Form 4 is signed by the reporting person on 08/14/2025. All information is limited to this single non-derivative purchase; no derivative transactions or prices other than $0 are reported.
- Transparency: Filing discloses the acquisition and explains the late submission as an inadvertent administrative error.
- Clarity on corporate action: The report explicitly notes adjustment of share counts for the 1-for-5 reverse stock split effective 02/24/2025.
- Late filing: The Form 4 was filed late, which is a compliance lapse requiring remediation.
- Limited materiality: The single reported acquisition (4,540 shares) is small in isolation and the filing provides no context on total outstanding shares or ownership percentage.
Insights
TL;DR: Officer purchased 4,540 shares at $0; filing late and totals adjusted for a 1-for-5 reverse split.
From a regulatory and disclosure perspective, this Form 4 documents a small non-derivative acquisition by an insider who is both an officer and director. The $0 reported price suggests the shares may have been issued as a grant or similar compensatory award rather than an open-market purchase; the filing does not specify the grant mechanism. The late filing is disclosed as inadvertent, which raises governance and compliance housekeeping considerations but is not by itself evidence of material misconduct. The reverse split adjustment clarifies post-split holdings, important for accurately assessing ownership percentages.
TL;DR: Insider grant reported, administrative late filing noted; ownership impact appears immaterial in scale.
The document shows an insider received 4,540 shares recorded at $0 and held directly. The filing discloses a late submission attributed to an administrative error, which governance teams typically track to prevent recurrence. The reverse split note explains the adjusted share count; without total outstanding share data or percentage ownership, materiality to shareholders cannot be quantified from this filing alone. No derivative positions or dispositions are reported.