# EDGAR Filing Document

**Accession Number:** 0001841857
**File Stem:** 0001841857-23-000001
**Filing Date:** 2023-2
**Character Count:** 10388
**Document Hash:** f5721cf3714e8715141708c35ac9636a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001841857-23-000001.hdr.sgml**: 20230209

**ACCESSION NUMBER**: 0001841857-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230209

**DATE AS OF CHANGE**: 20230209

**EFFECTIVENESS DATE**: 20230209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CM Management, LLC
- **CENTRAL INDEX KEY:** 0001841857
- **IRS NUMBER:** 272093526
- **STATE OF INCORPORATION:** AL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-20559
- **FILM NUMBER:** 23605321

**BUSINESS ADDRESS:**
- **STREET 1:** 15 COLLEY COVE DRIVE
- **CITY:** GULF BREEZE
- **STATE:** FL
- **ZIP:** 32561
- **BUSINESS PHONE:** 205.298.0371

**MAIL ADDRESS:**
- **STREET 1:** 15 COLLEY COVE DRIVE
- **CITY:** GULF BREEZE
- **STATE:** FL
- **ZIP:** 32561

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** CM Management LLC<br>**Address:** 15 COLLEY COVE DRIVE<br>GULF BREEZE, FL 32561

**Form 13F File Number:** 028-20559

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Mark R. Lilly<br>**Title:** Chief Operating Officer<br>**Phone:** 205-298-0371

**Signature, Place, and Date of Signing:**

Mark R. Lilly  Henderson, NV  02-08-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 72

**Form 13F Information Table Value Total:** $83743

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADVERUM BIOTECHNOLOGIES INC | COM | 00773U108 |  | 58 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| AGNICO EAGLE | COM | 008474108 |  | 780 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| ALICO INC | COM | 016230104 |  | 4535 | 190000 | SH |  | SOLE |  | 190000 | 0 | 0 |
| AMCON DIST | COM | 02341Q205 |  | 996 | 5500 | SH |  | SOLE |  | 5500 | 0 | 0 |
| AMER SUPERCOND | COM | 030111207 |  | 1214 | 330000 | SH |  | SOLE |  | 330000 | 0 | 0 |
| AMICUS THERAPEUTICS INC | COM | 03152W109 |  | 5495 | 450000 | SH |  | SOLE |  | 450000 | 0 | 0 |
| AMNEAL PHARMACEUTICALS INC | COM | 03168L105 |  | 299 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| ANGION BIOMEDICA CORP | COM | 03476J107 |  | 594 | 732178 | SH |  | SOLE |  | 732178 | 0 | 0 |
| ARK RESTAURANTS | COM | 040712101 |  | 3057 | 184607 | SH |  | SOLE |  | 184607 | 0 | 0 |
| ARKO CORP | COM | 041242108 |  | 1645 | 190000 | SH |  | SOLE |  | 190000 | 0 | 0 |
| ARKO CORP -CW25 | WAR | 041242116 |  | 700 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| ATEA PHARMACEUTICALS INC | COM | 04683R106 |  | 1323 | 275000 | SH |  | SOLE |  | 275000 | 0 | 0 |
| ATRECA INC - A | COM - CLASS A | 04965G109 |  | 220 | 275000 | SH |  | SOLE |  | 275000 | 0 | 0 |
| BARRICK GOLD | COM | 067901108 |  | 945 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| BATTALION OIL CORP | COM | 07134L107 |  | 1214 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| BGC PARTNERS INC | COM | 05541T101 |  | 2545 | 675000 | SH |  | SOLE |  | 675000 | 0 | 0 |
| BIOCARDIA INC | COM | 09060U507 |  | 688 | 329000 | SH |  | SOLE |  | 329000 | 0 | 0 |
| BRIGHT HEALTH GROUP INC | COM | 10920V107 |  | 325 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| BRISTOW GROUP INC | COM | 11040G103 |  | 950 | 35000 | SH |  | SOLE |  | 35000 | 0 | 0 |
| BROOKLINE BANCP | COM | 11373M107 |  | 354 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| C3.AI INC-A | COM - CLASS A | 12468P104 |  | 1343 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| CARROLS RESTAURANT GROUP INC | COM | 14574X104 |  | 850 | 625000 | SH |  | SOLE |  | 625000 | 0 | 0 |
| CENTERRA GOLD INC | COM | 152006102 |  | 130 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CITIGROUP INC | COM | 172967424 |  | 678 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CLEAR SECURE INC -CLASS A | COM - CLASS A | 18467V109 |  | 686 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CLEARPOINT NEURO INC | COM | 18507C103 |  | 1286 | 151810 | SH |  | SOLE |  | 151810 | 0 | 0 |
| COHERUS BIOSCIENCES INC | COM | 19249H103 |  | 1386 | 175000 | SH |  | SOLE |  | 175000 | 0 | 0 |
| CURIS INC | COM | 231269200 |  | 138 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| CYMABAY THERAPEUTICS INC. | COM | 23257D103 |  | 1003 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| CYTOKINETICS | COM | 23282W605 |  | 2291 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| CYTOMX THERAPEUT | COM | 23284F105 |  | 120 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| CYTOSORBENTS CORP | COM | 23283X206 |  | 736 | 475000 | SH |  | SOLE |  | 475000 | 0 | 0 |
| DURECT CORP | COM | 266605500 |  | 1298 | 375000 | SH |  | SOLE |  | 375000 | 0 | 0 |
| EDESA BIOTECH INC | COM | 27966L108 |  | 676 | 312773 | SH |  | SOLE |  | 312773 | 0 | 0 |
| ELEDON PHARMACEUTICALS INC | COM | 28617K101 |  | 535 | 234800 | SH |  | SOLE |  | 234800 | 0 | 0 |
| FEMASYS INC | COM | 31447E105 |  | 217 | 241373 | SH |  | SOLE |  | 241373 | 0 | 0 |
| FIDELITY NATIONAL FINANCIAL INC | COM | 31620R303 |  | 941 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| FIDELITY NATIONAL INFORMATION SERVICES | COM | 31620M106 |  | 1357 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| GAIN THERAPEUTICS INC | COM | 36269B105 |  | 344 | 110000 | SH |  | SOLE |  | 110000 | 0 | 0 |
| HERON THERAPEUTICS INC | COM | 427746102 |  | 625 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| IMMUNOGEN INC | COM | 45253H101 |  | 2480 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| INTEST CORP | COM | 461147100 |  | 567 | 55000 | SH |  | SOLE |  | 55000 | 0 | 0 |
| KRONOS BIO INC | COM | 50107A104 |  | 49 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| KYNDRYL HOLDINGS INC | COM | 50155Q100 |  | 667 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| LANTERN PHARMA INC | COM | 51654W101 |  | 362 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| NATIONAL HEALTH | COM | 635906100 |  | 3868 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| NEKTAR THERAPEUTICS SHS | COM | 640268108 |  | 283 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| NEUBASE THERAPEUTICS INC | COM | 64132K102 |  | 67 | 350000 | SH |  | SOLE |  | 350000 | 0 | 0 |
| NEWMARK GROUP INC-CLASS A | COM - CLASS A | 65158N102 |  | 2590 | 325000 | SH |  | SOLE |  | 325000 | 0 | 0 |
| ONESPAN INC | COM | 68287N100 |  | 336 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| ORGANON  CO | COM | 68622V106 |  | 559 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| PAN AMER SILVER | COM | 697900108 |  | 245 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| PARATEK PHARMACEUTICALS INC | COM | 699374302 |  | 645 | 345000 | SH |  | SOLE |  | 345000 | 0 | 0 |
| PLAINS GP HOLDINGS LP-CL A | COM - CLASS A | 72651A207 |  | 622 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| PREFORMED LINE P | COM | 740444104 |  | 2332 | 28000 | SH |  | SOLE |  | 28000 | 0 | 0 |
| RADIANT LOGISTICS INC | COM | 75025X100 |  | 2774 | 545000 | SH |  | SOLE |  | 545000 | 0 | 0 |
| REPUBLIC BANCP | COM - CLASS A | 760281204 |  | 737 | 18000 | SH |  | SOLE |  | 18000 | 0 | 0 |
| RIGEL PHARMA | COM | 766559603 |  | 2250 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| SAFEGUARD SCIENTIFICS INC | COM | 786449207 |  | 2082 | 671671 | SH |  | SOLE |  | 671671 | 0 | 0 |
| SELECTA BIOSCIENCES INC | COM | 816212104 |  | 678 | 600000 | SH |  | SOLE |  | 600000 | 0 | 0 |
| SERVICE PROPERTIES TRUST | COM | 81761L102 |  | 729 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| SMITH MICRO SOF | COM | 832154207 |  | 389 | 185000 | SH |  | SOLE |  | 185000 | 0 | 0 |
| SPECTRUM PHARMACEUTICALS INC | COM | 84763A108 |  | 249 | 675000 | SH |  | SOLE |  | 675000 | 0 | 0 |
| SSR MINING INC | COM | 784730103 |  | 235 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| SW ENERGY CO | COM | 845467109 |  | 2925 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 |  | 2926 | 155000 | SH |  | SOLE |  | 124161 | 0 | 0 |
| TASEKO MINES | COM | 876511106 |  | 3675 | 2500000 | SH |  | SOLE |  | 2500000 | 0 | 0 |
| TEJON RANCH CO | COM | 879080109 |  | 1225 | 65000 | SH |  | SOLE |  | 65000 | 0 | 0 |
| UNIVERSAL STAIN | COM | 913837100 |  | 825 | 115000 | SH |  | SOLE |  | 115000 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 1113 | 100000 | SH |  | SOLE |  | 100000 | 0 | 0 |
| VORNADO REALTY | COM | 929042109 |  | 208 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM | 934423104 |  | 474 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |

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