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Filing Details

Accession Number:: 0001213900-20-039338
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2020-11-25 16:50:03
Reporting Period:: 2018-07-31

Accepted Time:: 2020-11-25 16:50:03
Original Submission Date:: 2018-08-02
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1513525	Adial Pharmaceuticals Inc.	ADIL	Pharmaceutical Preparations (2834)	800667150

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1718094	Kevin Schuyler	1180 Seminole Trail, Suite 495 Charlottesville VA 22901		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2018-07-31	89,600	$0.00	222,990	No	4	J	Direct
Common Stock	Acquisiton	2018-07-31	90,000	$0.00	312,990	No	4	P	Direct
Common Stock	Acquisiton	2018-07-31	144,200	$0.00	144,200	No	4	J	Indirect	Owned by MVA 151 Investors, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Direct
No	4	P	Direct
No	4	J	Indirect	Owned by MVA 151 Investors, LLC

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Warrant to purchase common stock	Acquisiton	2018-07-31	89,600	$0.00	89,600	$6.25
Common Stock	Warrant to purchase common stock	Acquisiton	2018-07-31	90,000	$0.00	90,000	$6.25
Common Stock	Warrant to purchase common stock	Acquisiton	2018-07-31	192,600	$0.00	192,200	$6.25
Units	Warrant to purchase units	Acquisiton	2018-07-31	89,600	$0.00	179,200	$5.00
Units	Warrant to purchase units	Acquisiton	2018-07-31	192,600	$0.00	385,200	$5.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
89,600	2018-07-31	2023-07-31	No	4	J	Direct
90,000	2018-07-31	2023-07-31	No	4	P	Direct
192,600	2018-07-31	2023-07-31	No	4	J	Indirect
89,600	2018-07-31	2023-07-31	No	4	J	Direct
192,600	2018-07-31	2023-07-31	No	4	J	Indirect

Footnotes

The original warrant number and shares issuable upon exercise of the warrant is being corrected to reflect 89,600 shares of common stock and warrants to purchase 89,600 shares of common stock that were received by the reporting person upon consummation of the initial public offering in accordance with a Securities Purchase Agreement dated February 22, 2018.
The original warrant number and shares issuable upon exercise of the warrant is being corrected to reflect 192,600 shares of common stock and warrants to purchase 192,600 shares of common stock were received by the reporting person upon consummation of the initial public offering in accordance with a Securities Purchase Agreement dated February 22, 2018.
The original warrant number and shares issuable upon exercise of the warrant is being corrected to reflect the purchase 89,600 units was received by the reporting person upon consummation of the initial public offering in accordance with a Securities Purchase Agreement dated February 22, 2018. Each unit consisted of a share of common stock and a warrant to purchase a share of common stock. The aggregate number of shares of common stock included in the units and underlying the warrants included in the units is 179,200 shares.
The original warrant number and shares issuable upon exercise of the warrant is being corrected to reflect 192,600 units was received by MVA 151 Investors LLC upon consummation of the initial public offering in accordance with a Securities Purchase Agreement dated February 22, 2018. Each unit consisted of a share of common stock and a warrant to purchase a share of common stock. The aggregate number of shares of common stock included in the units and underlying the warrants included in the units is 385,200 shares.
Mr. Schuyler has control over MVA 151 Investors, LLC.
The original warrant number and units issuable upon exercise of the warrant is being corrected to reflect On July 31, 2018, Mr. Schuyler purchased 90,000 units (the "Units") in the initial public offering at a price of $5.00 per Unit, which corresponds to a price of $4.99 per share of common stock and $0.01 per warrant. Each Unit consisted of one share of common stock and a warrant to purchase one share of common stock. The shares of common stock and warrants were immediately separable upon issuance of the Units in the initial public offering.