Company: VRCA
Filing Date: 2025-04-30
Form Type: DEFR14A
Source: 0001193125-25-105562
Chunk: 45

Company: Verrica Pharmaceuticals Inc.
Filing Date: 2025-04-30
Form: DEFR14A
Chunk 45
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 part, from a Schedule 13D/A filed on November 26, 2024 by Paul B. Manning. Consists of (a) 25,828,094 shares of common stock held by Paul and Diane Manning, JTWROS, (b) 2,675,611 shares of common stock held by the PBM 2022 Grantor Retained Annuity Trust, (c) 256,634 shares of common stock held by PBM Capital Investments, LLC (“PBMCI”), (d) 5,976,101 shares of common stock held by BKB Growth Investments, LLC (“BKB”), (e) 3,324,339 shares of common stock held by the Paul B. Manning Revocable Trust dated May 10, 2000 and (f) 15,646,948 shares of common stock issuable upon exercise of warrants within 60 days of April 1, 2025 held by Paul and Diane Manning, JTWROS and BKB (the “Manning Warrants”), which due to the Manning Beneficial Ownership Limitation (as defined below) is the maximum number of shares that could be issued upon exercise of the Manning Warrants within 60 days of April 1, 2025. Pursuant to the terms of the Manning Warrants, the holder of such Manning Warrants does not have the right to exercise any portion of the Manning Warrants, to the extent that, after giving effect to the attempted exercise set forth in a notice of exercise, such holder, together with such holder’s affiliates and any other person whose beneficial ownership of common stock would be aggregated with such holder’s for the purposes of Section 13(d) of the Exchange Act and the applicable regulations of SEC, including any “group” of which such holder is a member, would beneficially own a number of shares of common stock in excess of the Manning Beneficial Ownership Limitation. As of April 1, 2025, the “Manning Beneficial Ownership Limitation” is 49.99% of the shares of common stock then issued and outstanding. Mr. Manning is a co-manager of BKB and has shared voting and investment power with respect to the shares held by BKB. Mr. Manning is President and CEO of PBMCI and has sole voting and investment power with respect to the shares held by PBMCI. The business address for BKB, PBMCI and Mr. Manning is 200 Garrett Street, Suite S, Charlottesville,