# EDGAR Filing Document

**Accession Number:** 0001535610
**File Stem:** 0001104659-23-020852
**Filing Date:** 2023-2
**Character Count:** 14574
**Document Hash:** a19fd483373d31e517f42c0bc1a54cc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-020852.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001104659-23-020852

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SABBY MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001535610
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15245
- **FILM NUMBER:** 23622957

**BUSINESS ADDRESS:**
- **STREET 1:** 115 HIDDEN HILLS DR
- **CITY:** SPICEWOOD
- **STATE:** TX
- **ZIP:** 78669
- **BUSINESS PHONE:** 646-307-4527

**MAIL ADDRESS:**
- **STREET 1:** 115 HIDDEN HILLS DR
- **CITY:** SPICEWOOD
- **STATE:** TX
- **ZIP:** 78669

### 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:** SABBY MANAGEMENT LLC<br>**Address:** 115 Hidden Hills Dr<br>Spicewood, TX 78669

**Form 13F File Number:** 028-15245

**CRD Number (if applicable):** 000162659

**SEC File Number (if applicable):** 801-78289

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:** Robert Grundstein<br>**Title:** Chief Operating Officer<br>**Phone:** 646-307-4500

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

/s/ Robert Grundstein  Upper Saddle River, NJ  02-14-2023<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:** 1

**Form 13F Information Table Entry Total:** 109

**Form 13F Information Table Value Total:** $114012590

      (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.]

| No.   | Name      | Form 13F File Number   |
|:---|:---|:---|
|  | Mintz Hal | 028-13502              |

### 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 |
| 9 METERS BIOPHARMA INC | COM | 654405908 |  | 68418 | 543 | SH | Call | DFND | 1 | 0 | 543 | 0 |
| ACTINIUM PHARMACEUTICALS INC | COM | 00507W906 |  | 306720 | 288 | SH | Call | DFND | 1 | 0 | 288 | 0 |
| ACTINIUM PHARMACEUTICALS INC | COM | 00507W956 |  | 2045865 | 1921 | SH | Put | DFND | 1 | 0 | 1921 | 0 |
| ADITXT INC | COM | 007025505 |  | 476958 | 413094 | SH |  | DFND | 1 | 0 | 413094 | 0 |
| AGILE THERAPEUTICS INC | COM | 00847L209 |  | 11350 | 50000 | SH |  | DFND | 1 | 0 | 50000 | 0 |
| AGM GROUP HOLDINGS INC | CL A | G0132V105 |  | 238993 | 144844 | SH |  | DFND | 1 | 0 | 144844 | 0 |
| AKARI THERAPEUTICS PLC | ADS | 00972G108 |  | 1723753 | 3668339 | SH |  | DFND | 1 | 0 | 3668339 | 0 |
| AMERICAN VIRTUAL CLOUD TECH | COM | 030382204 |  | 1265000 | 1100000 | SH |  | DFND | 1 | 0 | 1100000 | 0 |
| AMPLITECH GROUP INC | COM | 03211Q200 |  | 287222 | 135482 | SH |  | DFND | 1 | 0 | 135482 | 0 |
| AMPLITECH GROUP INC | *W | 03211Q119 |  | 131848 | 425787 | SH |  | DFND | 1 | 0 | 425787 | 0 |
| APPLIED DNA SCIENCES INC | COM | 03815U300 |  | 252524 | 152123 | SH |  | DFND | 1 | 0 | 152123 | 0 |
| APPLIED DNA SCIENCES INC | COM | 03815U950 |  | 271078 | 1633 | SH | Put | DFND | 1 | 0 | 1633 | 0 |
| ASLAN PHARMACEUTICALS LTD | ADS | 04522R101 |  | 126252 | 350700 | SH |  | DFND | 1 | 0 | 350700 | 0 |
| ASPIRA WOMENS HEALTH INC | COM | 04537Y109 |  | 198928 | 598101 | SH |  | DFND | 1 | 0 | 598101 | 0 |
| ASSURE HOLDINGS CORP | COM | 04625J204 |  | 183510 | 704994 | SH |  | DFND | 1 | 0 | 704994 | 0 |
| ATOSSA THERAPEUTICS INC | COM | 04962H906 |  | 30177 | 571 | SH | Call | DFND | 1 | 0 | 571 | 0 |
| ATOSSA THERAPEUTICS INC | COM | 04962H506 |  | 107799 | 203971 | SH |  | DFND | 1 | 0 | 203971 | 0 |
| AVENUE THERAPEUTICS INC | COM | 05360L304 |  | 306240 | 264000 | SH |  | DFND | 1 | 0 | 264000 | 0 |
| BIOCEPT INC | COM | 09072V501 |  | 16166 | 30502 | SH |  | DFND | 1 | 0 | 30502 | 0 |
| BIOLINERX LTD | ADS | 09071M205 |  | 1033675 | 1751992 | SH |  | DFND | 1 | 0 | 1751992 | 0 |
| BIONDVAX PHARMACEUTICALS LTD | ADS | 09073Q204 |  | 652864 | 220562 | SH |  | DFND | 1 | 0 | 220562 | 0 |
| BIORA THERAPEUTICS INC | COM | 74319F107 |  | 13037 | 98993 | SH |  | DFND | 1 | 0 | 98993 | 0 |
| BLUE WATER VACCINES INC | COM | 09610B108 |  | 620451 | 564046 | SH |  | DFND | 1 | 0 | 564046 | 0 |
| BLUEJAY DIAGNOSTICS INC | COM | 095633103 |  | 9912 | 26091 | SH |  | DFND | 1 | 0 | 26091 | 0 |
| BONE BIOLOGICS CORP | *W | 098070113 |  | 1892 | 107476 | SH |  | DFND | 1 | 0 | 107476 | 0 |
| BONE BIOLOGICS CORP | COM | 098070303 |  | 259442 | 1237205 | SH |  | DFND | 1 | 0 | 1237205 | 0 |
| BRIACELL THERAPEUTICS CORP | COM | 10778Y302 |  | 52025 | 11905 | SH |  | DFND | 1 | 0 | 11905 | 0 |
| BRIACELL THERAPEUTICS CORP | COM | 10778Y952 |  | 1667155 | 3815 | SH | Put | DFND | 1 | 0 | 3815 | 0 |
| BRIGHT GREEN CORP | COM | 10920G100 |  | 874128 | 1861827 | SH |  | DFND | 1 | 0 | 1861827 | 0 |
| BRUUSH ORAL CARE INC | *W | 11750K120 |  | 27455 | 392209 | SH |  | DFND | 1 | 0 | 392209 | 0 |
| CANAAN INC | COM | 134748902 |  | 29046 | 141 | SH | Call | DFND | 1 | 0 | 141 | 0 |
| CASTOR MARITIME INC | SHS | Y1146L125 |  | 91604 | 81789 | SH |  | DFND | 1 | 0 | 81789 | 0 |
| CASTOR MARITIME INC | SHS | Y1146L955 |  | 92288 | 824 | SH | Put | DFND | 1 | 0 | 824 | 0 |
| CBAK ENERGY TECHNOLOGY INC | COM | 14986C102 |  | 23677 | 23916 | SH |  | DFND | 1 | 0 | 23916 | 0 |
| CBAK ENERGY TECHNOLOGY INC | COM | 14986C952 |  | 88902 | 898 | SH | Put | DFND | 1 | 0 | 898 | 0 |
| CEA INDUSTRIES INC | COM | 86887P200 |  | 94762 | 112798 | SH |  | DFND | 1 | 0 | 112798 | 0 |
| CINGULATE INC | COM | 17248W105 |  | 22018 | 22018 | SH |  | DFND | 1 | 0 | 22018 | 0 |
| CINGULATE INC | *W | 17248W113 |  | 128207 | 609930 | SH |  | DFND | 1 | 0 | 609930 | 0 |
| COCRYSTAL PHARMA INC | COM | 19188J409 |  | 820385 | 420710 | SH |  | DFND | 1 | 0 | 420710 | 0 |
| COSMOS HEALTH INC | COM | 221413305 |  | 159627 | 35006 | SH |  | DFND | 1 | 0 | 35006 | 0 |
| CURIS INC | COM | 231269200 |  | 124237 | 225886 | SH |  | DFND | 1 | 0 | 225886 | 0 |
| CYNGN INC | COM | 23257B107 |  | 44754 | 66440 | SH |  | DFND | 1 | 0 | 66440 | 0 |
| DOGNESS INTL CORP | CL A | G2788T103 |  | 2037206 | 2078783 | SH |  | DFND | 1 | 0 | 2078783 | 0 |
| EKSO BIONICS HOLDINGS INC | COM | 282644301 |  | 121856 | 102400 | SH |  | DFND | 1 | 0 | 102400 | 0 |
| EQONEX LTD | SHS | Y2074E109 |  | 642 | 23854 | SH |  | DFND | 1 | 0 | 23854 | 0 |
| ESPERION THERAPEUTICS INC | COM | 29664W955 |  | 734517 | 1179 | SH | Put | DFND | 1 | 0 | 1179 | 0 |
| ESPORTS ENTMT GROUP INC | *W | 29667K132 |  | 47137 | 4713689 | SH |  | DFND | 1 | 0 | 4713689 | 0 |
| GEVO INC | COM | 374396906 |  | 76570 | 403 | SH | Call | DFND | 1 | 0 | 403 | 0 |
| GEVO INC | COM | 374396956 |  | 123500 | 650 | SH | Put | DFND | 1 | 0 | 650 | 0 |
| GEVO INC | COM | 374396406 |  | 410911 | 216269 | SH |  | DFND | 1 | 0 | 216269 | 0 |
| GLOBUS MARITIME LTD | COM | Y27265956 |  | 55545 | 529 | SH | Put | DFND | 1 | 0 | 529 | 0 |
| GLOBUS MARITIME LTD | COM | Y27265126 |  | 496285 | 472652 | SH |  | DFND | 1 | 0 | 472652 | 0 |
| GREENLANE HOLDINGS INC | COM | 395330202 |  | 145317 | 505450 | SH |  | DFND | 1 | 0 | 505450 | 0 |
| GREENWAVE TECHNOLOGY SOLUTION | COM | 57630J304 |  | 242558 | 275352 | SH |  | DFND | 1 | 0 | 275352 | 0 |
| GUARDFORCE AI CO LTD | *W | G4236L120 |  | 7760 | 388000 | SH |  | DFND | 1 | 0 | 388000 | 0 |
| HARBOR CUSTOM DEVELOPMENT IN | *W | 41150T124 |  | 74647 | 1067916 | SH |  | DFND | 1 | 0 | 1067916 | 0 |
| HEARTBEAM INC | *W | 42238H116 |  | 296249 | 271788 | SH |  | DFND | 1 | 0 | 271788 | 0 |
| HUADI INTL GROUP CO LTD | SHS | G4645E105 |  | 1481373 | 291609 | SH |  | DFND | 1 | 0 | 291609 | 0 |
| IBIO INC | COM | 451033609 |  | 217956 | 490451 | SH |  | DFND | 1 | 0 | 490451 | 0 |
| IMPERIAL PETROLEUM INC | COM | Y3894J954 |  | 3713 | 154 | SH | Put | DFND | 1 | 0 | 154 | 0 |
| INNOVATIVE EYEWEAR INC | *W | 45791D117 |  | 55106 | 374873 | SH |  | DFND | 1 | 0 | 374873 | 0 |
| INNOVATIVE EYEWEAR INC | COM | 45791D109 |  | 102750 | 75000 | SH |  | DFND | 1 | 0 | 75000 | 0 |
| INTEGRATED VENTURES INC | COM | 45826P200 |  | 83902 | 4559874 | SH |  | DFND | 1 | 0 | 4559874 | 0 |
| ISHARES TR | ETF | 464287655 |  | 1917960 | 11000 | SH |  | DFND | 1 | 0 | 11000 | 0 |
| ISHARES TR | ETF | 464287955 |  | 31262748 | 1793 | SH | Put | DFND | 1 | 0 | 1793 | 0 |
| IVEDA SOLUTIONS INC | COM | 46583A204 |  | 105135 | 189432 | SH |  | DFND | 1 | 0 | 189432 | 0 |
| JEFFS BRANDS LTD | *W | M61472110 |  | 12752 | 77282 | SH |  | DFND | 1 | 0 | 77282 | 0 |
| KEMPHARM INC | COM | 488445206 |  | 321300 | 70000 | SH |  | DFND | 1 | 0 | 70000 | 0 |
| KEMPHARM INC | COM | 488445956 |  | 411264 | 896 | SH | Put | DFND | 1 | 0 | 896 | 0 |
| KIROMIC BIOPHARMA INC | COM | 497634105 |  | 99375 | 549944 | SH |  | DFND | 1 | 0 | 549944 | 0 |
| LEXARIA BIOSCIENCE  CORP | *W | 52886N117 |  | 87903 | 219813 | SH |  | DFND | 1 | 0 | 219813 | 0 |
| LISATA THERAPEUTICS INC | COM | 128058302 |  | 173209 | 68462 | SH |  | DFND | 1 | 0 | 68462 | 0 |
| LIXTE BIOTECHNOLOGY HLDNGS | COM | 539319202 |  | 50719 | 99644 | SH |  | DFND | 1 | 0 | 99644 | 0 |
| META MATERIALS INC | COM | 59134N954 |  | 1028636 | 8644 | SH | Put | DFND | 1 | 0 | 8644 | 0 |
| METEN HOLDING GROUP LTD | SHS | G6055H148 |  | 104121 | 593620 | SH |  | DFND | 1 | 0 | 593620 | 0 |
| MOLECULAR DATA INC | COM | 60852L205 |  | 482 | 240745 | SH |  | DFND | 1 | 0 | 240745 | 0 |
| NEPTUNE WELLNESS SOLUTIONS INC | COM | 64079L204 |  | 345322 | 1095913 | SH |  | DFND | 1 | 0 | 1095913 | 0 |
| NETCAPITAL INC | COM | 64113L103 |  | 150285 | 100190 | SH |  | DFND | 1 | 0 | 100190 | 0 |
| NEUROBO PHARMACEUTICALS | COM | 64132R206 |  | 604002 | 841815 | SH |  | DFND | 1 | 0 | 841815 | 0 |
| NISUN INTL ENT DVPMT GP CO LTD | CL A | G6593L106 |  | 609823 | 1070616 | SH |  | DFND | 1 | 0 | 1070616 | 0 |
| NOCERA INC | COM | 655186500 |  | 191511 | 149618 | SH |  | DFND | 1 | 0 | 149618 | 0 |
| NUVECTIS PHARMA INC | COM | 67080T108 |  | 4405890 | 587452 | SH |  | DFND | 1 | 0 | 587452 | 0 |
| OCEAN POWER TECHNOLOGIES INC | COM | 674870506 |  | 10758 | 23902 | SH |  | DFND | 1 | 0 | 23902 | 0 |
| ONFOLIO HOLDINGS INC | COM | 68277K207 |  | 142120 | 93500 | SH |  | DFND | 1 | 0 | 93500 | 0 |
| ONION GLOBAL LTD | ADS | 68277G107 |  | 300122 | 1200489 | SH |  | DFND | 1 | 0 | 1200489 | 0 |
| PHARMACYTE BIOTECH INC | COM | 71715X203 |  | 287076 | 97978 | SH |  | DFND | 1 | 0 | 97978 | 0 |
| PULMATRIX INC | COM | 74584P301 |  | 1171539 | 301943 | SH |  | DFND | 1 | 0 | 301943 | 0 |
| REDHILL BIOPHARMA LTD | ADS | 757468103 |  | 1045291 | 7450400 | SH |  | DFND | 1 | 0 | 7450400 | 0 |
| REVIVA PHARMACEUTICALS HOLDINGS | COM | 76152G950 |  | 131750 | 310 | SH | Put | DFND | 1 | 0 | 310 | 0 |
| REVIVA PHARMACEUTICALS HOLDINGS | COM | 76152G100 |  | 146625 | 34500 | SH |  | DFND | 1 | 0 | 34500 | 0 |
| REWALK ROBOTICS LIMITED | SHS | M8216Q200 |  | 530169 | 697499 | SH |  | DFND | 1 | 0 | 697499 | 0 |
| RICEBRAN TECHNOLOGIES INC | COM | 762831303 |  | 212146 | 284798 | SH |  | DFND | 1 | 0 | 284798 | 0 |
| SHF HOLDINGS INC | CL A | 824430102 |  | 285001 | 160564 | SH |  | DFND | 1 | 0 | 160564 | 0 |
| SMART FOR LIFE INC | COM | 83204U103 |  | 105720 | 449873 | SH |  | DFND | 1 | 0 | 449873 | 0 |
| SPDR S 500 | ETF | 78462F103 |  | 1281141 | 3350 | SH |  | DFND | 1 | 0 | 3350 | 0 |
| SPDR S 500 | ETF | 78462F953 |  | 38243000 | 1000 | SH | Put | DFND | 1 | 0 | 1000 | 0 |
| SPHERE 3D CORP | COM | 84841L908 |  | 15566 | 565 | SH | Call | DFND | 1 | 0 | 565 | 0 |
| SPLASH BEVERAGE GROUP INC | COM | 84862C203 |  | 27164 | 28255 | SH |  | DFND | 1 | 0 | 28255 | 0 |
| SPLASH BEVERAGE GROUP INC | *W | 84862C112 |  | 35994 | 239961 | SH |  | DFND | 1 | 0 | 239961 | 0 |
| TANTECH HOLDINGS LTD | COM | G8675X149 |  | 89225 | 41500 | SH |  | DFND | 1 | 0 | 41500 | 0 |
| THE9 LTD | ADS | 88337K302 |  | 8195 | 14453 | SH |  | DFND | 1 | 0 | 14453 | 0 |
| TIMBER PHARMACEUTICALS INC | COM | 887080208 |  | 22740 | 12994 | SH |  | DFND | 1 | 0 | 12994 | 0 |
| TOUGHBUILT INDUSTRIES INC | COM | 89157G884 |  | 2277637 | 973349 | SH |  | DFND | 1 | 0 | 973349 | 0 |
| TROIKA MEDIA GROUP INC | COM | 89689F305 |  | 193081 | 1664492 | SH |  | DFND | 1 | 0 | 1664492 | 0 |
| TUANCHE LTD | ADS | 89856T203 |  | 2028524 | 2429370 | SH |  | DFND | 1 | 0 | 2429370 | 0 |
| VINCERX PHARMA INC | COM | 92731L106 |  | 510000 | 500000 | SH |  | DFND | 1 | 0 | 500000 | 0 |
| VIRPAX PHARMACEUTICALS INC | COM | 928251107 |  | 614935 | 988165 | SH |  | DFND | 1 | 0 | 988165 | 0 |
| WEARABLE DEVICES LTD | SHS | M97838102 |  | 298963 | 685043 | SH |  | DFND | 1 | 0 | 685043 | 0 |
| WEARABLE DEVICES LTD | *W | M97838110 |  | 319827 | 2638834 | SH |  | DFND | 1 | 0 | 2638834 | 0 |

---