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Gorgas Gregory D. – ‘4’ for 2/28/24 re: Artelo Biosciences, Inc.

On:  Friday, 3/1/24, at 7:10pm ET   ·   For:  2/28/24   ·   As:  Director and Officer   ·   Accession #:  1640334-24-332   ·   File #:  1-38951

Previous ‘4’:  ‘4’ on 1/8/24 for 1/5/24   ·   Latest ‘4’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/01/24  Gorgas Gregory D.                 4          Dir.,Off.   1:21K  Artelo Biosciences, Inc.          Pubco Reporting … Inc/FA

Statement of Changes in Beneficial Ownership of Securities by an Insider   —   Form 4   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 4           Statement of Changes in Beneficial Ownership of     HTML     21K 
                Securities by an Insider -- primary_doc.xml/5.8


        

This ‘4’ Document is an XML Data File that may be rendered in various formats:

  Form 4    –   Plain Text   –  SEC Website  –  EDGAR System  –    XML Data    –  <?xml?> File
 
 
SEC Info℠ rendering:  Statement of Changes in Beneficial Ownership of Securities by an Insider
 

The SEC has not released XSLT Stylesheets needed to render this File’s XML Data as a Form.

This is our “Plain Text” rendering:
 
                                                                                                                                                                                
Ownership Document
 
Schema Version:  X0508
Document Type:  4
Period of Report:  2/28/24
Not Subject to Section 16:  0
Issuer:
Issuer CIK:  1621221
Issuer Name:  ARTELO BIOSCIENCES, INC.
Issuer Trading Symbol:  ARTL
Reporting Owner:
Reporting Owner ID:
Owner CIK:  1526251
Owner Name:  Gorgas Gregory D.
Reporting Owner Address:
Owner Street 1:  505 LOMAS SANTA FE, SUITE 160
Owner Street 2:
Owner City:  SOLANA BEACH
Owner State:  CA
Owner ZIP Code:  92075
Owner State Description:
Reporting Owner Relationship:
Is Director?  Yes
Is Officer?  Yes
Is Ten Percent Owner?  No
Is Other?  No
Officer Title:  Pres, CEO, CFO, Treas & Sec
Aff 10b5 One:  0
Derivative Table:
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  29.85
Footnote ID:  F1
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  D
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  5,000
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Value:  8/29/23
Expiration Date:
Value:  8/29/29
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  5,000
Footnote ID:  F1
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  39.9
Footnote ID:  F3
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  D
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  55,634
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Value:  2/12/23
Expiration Date:
Value:  2/12/31
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  55,634
Footnote ID:  F3
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  22.8
Footnote ID:  F4
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  D
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  38,340
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F5
Expiration Date:
Value:  3/5/31
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  38,340
Footnote ID:  F4
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  9.45
Footnote ID:  F6
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  D
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  90,334
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F7
Expiration Date:
Value:  12/3/31
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  90,334
Footnote ID:  F6
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  3.15
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  D
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  85,000
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  D
Exercise Date:
Footnote ID:  F8
Expiration Date:
Value:  2/1/33
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  85,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  0
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  1.55
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  5,000
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F9
Expiration Date:
Value:  8/29/29
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  5,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  5,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  1.55
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  55,634
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F9
Expiration Date:
Value:  2/12/31
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  55,634
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  55,634
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  1.55
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  38,340
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F9
Expiration Date:
Value:  3/5/31
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  38,340
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  38,340
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  1.55
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  90,334
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F9
Expiration Date:
Value:  12/3/31
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  90,334
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  90,334
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Derivative Transaction:
Security Title:
Value:  Stock Option (right to buy)
Conversion or Exercise Price:
Value:  1.55
Transaction Date:
Value:  2/28/24
Transaction Coding:
Transaction Form Type:  4
Transaction Code:  A
Equity Swap Involved?  No
Transaction Timeliness:
Value:
Transaction Amounts:
Transaction Shares:
Value:  85,000
Transaction Price Per Share:
Footnote ID:  F2
Transaction Acquired-Disposed Code:
Value:  A
Exercise Date:
Footnote ID:  F9
Expiration Date:
Value:  2/1/33
Underlying Security:
Underlying Security Title:
Value:  Common Stock
Underlying Security Shares:
Value:  85,000
Post-Transaction Amounts:
Shares Owned Following Transaction:
Value:  85,000
Ownership Nature:
Direct or Indirect Ownership:
Value:  D
Footnotes:
Footnote - F1:  This option was granted on August 29, 2019 and was previously reported as covering 75,000 shares at an exercise price of $1.99 per share, but was adjusted to reflect a 1-for-15 reverse stock split that occurred on August 10, 2022.
Footnote - F2:  The Reporting Person agreed to certain amendments of their outstanding stock option pursuant to the terms of a repricing and revesting offer approved by the Issuer's Compensation Committee of the Board of Directors (the "Offer") relating to a one-time offer by the Issuer to reprice and adjust the vesting of certain Eligible Options (as defined in the Offer).
Footnote - F3:  This option was granted on February 12, 2021 and was previously reported as covering 834,500 shares at an exercise price of $2.66 per share, but was adjusted to reflect a 1-for-15 reverse stock split that occurred on August 10, 2022.
Footnote - F4:  This option was granted on March 5, 2021 and was previously reported as covering 575,100 shares at an exercise price of $1.52 per share, but was adjusted to reflect a 1-for-15 reverse stock split that occurred on August 10, 2022.
Footnote - F5:  Subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's 2018 Equity Incentive Plan (the "Plan")) through each such applicable vesting date, twenty five percent (25%) of the shares subject to the option shall vest on the one (1) year anniversary of the Vesting Commencement Date, and one forty-eighth (1/48th) of the shares subject to the option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month), such that the option shall be fully vested on the four (4) year anniversary of the Vesting Commencement Date. "Vesting Commencement Date" shall mean March 5, 2021.
Footnote - F6:  This option was granted on December 3, 2021 and was previously reported as covering 1,355,000 shares at an exercise price of $0.63 per share, but was adjusted to reflect a 1-for-15 reverse stock split that occurred on August 10, 2022.
Footnote - F7:  Subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's Plan) through each such applicable vesting date, twenty five percent (25%) of the shares subject to the option shall vest on the one (1) year anniversary of the Vesting Commencement Date, and one forty-eighth (1/48th) of the shares subject to the option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month), such that the option shall be fully vested on the four (4) year anniversary of the Vesting Commencement Date. "Vesting Commencement Date" shall mean December 3, 2021.
Footnote - F8:  Subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's Plan) through each such applicable vesting date, twenty five percent (25%) of the shares subject to the option shall vest on the one (1) year anniversary of the Vesting Commencement Date, and one forty-eighth (1/48th) of the shares subject to the option shall vest each month thereafter on the same day of the month as the Vesting Commencement Date (and if there is no corresponding day, on the last day of the month), such that the option shall be fully vested on the four (4) year anniversary of the Vesting Commencement Date. "Vesting Commencement Date" shall mean February 1, 2023.
Footnote - F9:  Pursuant to the Offer, and subject to the Reporting Person continuing to be a Service Provider (as such term is defined in the Issuer's Plan) through each such applicable vesting date, one third (1/3rd) of the shares subject to the option shall vest on the first anniversary of the Amendment Date, and one thirty-sixth (1/36th) of the shares subject to the option shall vest each month thereafter on the same day of the month as the Amendment Date (or, if there is no such day, the last day of the month). "Amendment Date" shall mean February 28, 2024.
Owner Signature:
Signature Name:  /s/ Gregory D. Gorgas
Signature Date:  3/1/24


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