Company: ARMP
Filing Date: 2025-08-13
Form Type: S-3
Source: 0001104659-25-077648
Chunk: 35

Company: Armata Pharmaceuticals, Inc.
Filing Date: 2025-08-13
Form: S-3
Chunk 35
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 the following:

| · | An investor cannot cause the securities to be                                                                                            
 registered in his or her name and cannot obtain non-global certificates for his or her interest in the securities, except in the special 
 situations we describe below.                                                                                                            |

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| · | An investor will be an indirect holder and must                                                                                             
 look to his or her own bank, broker or other financial institution for payments on the securities and protection of his or her legal rights 
 relating to the securities, as we describe above.                                                                                           |

| · | An investor may not be able to sell interests                                                                                              
 in the securities to some insurance companies and to other institutions that are required by law to own their securities in non-book-entry 
 form.                                                                                                                                      |

| · | An investor may not be able to pledge his or                                                                                               
 her interest in a global security in circumstances where certificates representing the securities must be delivered to the lender or other 
 beneficiary of the pledge in order for the pledge to be effective.                                                                         |

| · | The depositary’s policies, which may change                                                                                              
 from time to time, will govern payments, transfers, exchanges and other matters relating to an investor’s interest in a global security. 
 We and any applicable trustee have no responsibility for any aspect of the depositary’s actions or for its records of ownership          
 interests in a global security. We and the trustee also do not supervise the depositary in any way.                                      |

| · | The depositary may, and we understand that DTC                                                                                              
 will, require that those who purchase and sell interests in a global security within its book-entry system use immediately available funds, 
 and your broker or bank may require you to do so as well.                                                                                   |

| · | Financial institutions that participate in the                                                                                           
 depositary’s book-entry system, and through which an investor holds its interest in a global security, may also have their own policies  
 affecting payments, notices and other matters relating to the securities. There may be more than one financial intermediary in the chain 
 of ownership for an investor. We do not monitor and are not responsible for the actions of any of those intermediaries.                  |

Special Situations When a Global Security Will Be Terminated

In a few special situations
described below, the global security will terminate, and interests in it will be exchanged for physical certificates representing those
interests. After that exchange, the choice of whether to hold securities directly or in street name will be up to the investor. Investors