# EDGAR Filing Document

**Accession Number:** 0001871648
**File Stem:** 0001871648-23-000003
**Filing Date:** 2023-1
**Character Count:** 7406
**Document Hash:** fc135a7cb17e7e3b765941633161c637
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001871648-23-000003.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001871648-23-000003

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230111

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Sauermann Robert
- **CENTRAL INDEX KEY:** 0001871648

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40477
- **FILM NUMBER:** 23529487

**MAIL ADDRESS:**
- **STREET 1:** 12400 RACE TRACK ROAD
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33626
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Better Choice Co Inc.
- **CENTRAL INDEX KEY:** 0001471727
- **STANDARD INDUSTRIAL CLASSIFICATION:** BEVERAGES [2080]
- **IRS NUMBER:** 834284557
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 12400 RACE TRACK ROAD
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33626
- **BUSINESS PHONE:** 813-792-4352

**MAIL ADDRESS:**
- **STREET 1:** 12400 RACE TRACK ROAD
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33626

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sport Endurance, Inc.
- **DATE OF NAME CHANGE:** 20090904

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Sauermann Robert<br><sub>(Last) (First) (Middle)</sub><br>12400 RACE TRACK ROAD<br><sub>(Street)</sub><br>TAMPA, FL 33626<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-01-11 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_COO_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>Better Choice Co Inc. [ BTTR ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-01-11 |  | A |  | 40000<sup>(1)</sup> | A | $0 | 68800 | D |  |
| Common Stock |  |  |  |  |  |  |  | 86879 | I | Shares held by SFV Holdings LLC of which Mr. Sauermann is the President |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Purchase Warrants - Right to Buy | $25.5 |  |  |  |  |  |  | 2019-12-19 | 2030-06-30 | Common Stock | 1203.0 |  | 1203 | I | Warrants held by SFV Holdings LLC of which Mr. Sauermann is the President |
| Purchase Warrants - Right to Buy | $4.5 |  |  |  |  |  |  | 2020-10-01 | 2026-10-01 | Common Stock | 33334.0 |  | 33334 | I | Warrants held by SFV Holdings LLC of which Mr. Sauermann is the President |
| Purchase Warrants - Right to Buy | $7.5 |  |  |  |  |  |  | 2021-01-22 | 2027-01-22 | Common Stock | 3334.0 |  | 3334 | I | Warrants held by SFV Holdings LLC of which Mr. Sauermann is the President |
| Stock Options - Right to Buy | $3.6 |  |  |  |  |  |  | 2022-12-19 | 2029-12-19 | Common Stock | 66667.0 |  | 66667 | D |  |
| Stock Options - Right to Buy | $3.6 |  |  |  |  |  |  | <sup>(2)</sup> | 2030-10-08 | Common Stock | 16667.0 |  | 16667 | D |  |
| Stock Options - Right to Buy | $7.74 |  |  |  |  |  |  | <sup>(2)</sup> | 2031-01-08 | Common Stock | 16667.0 |  | 16667 | D |  |
| Stock Options - Right to Buy | $8.82 |  |  |  |  |  |  | <sup>(2)</sup> | 2031-03-03 | Common Stock | 75000.0 |  | 75000 | D |  |
| Stock Options - Right to Buy | $5.0 |  |  |  |  |  |  | <sup>(2)</sup> | 2031-07-08 | Common Stock | 33333.0 |  | 33333 | D |  |
| Stock Options - Right to Buy | $5.0 |  |  |  |  |  |  | <sup>(2)</sup> | 2031-08-19 | Common Stock | 15000.0 |  | 15000 | D |  |
| Stock Options - Right to Buy | $2.29 |  |  |  |  |  |  | <sup>(2)</sup> | 2032-02-01 | Common Stock | 50000.0 |  | 50000 | D |  |

---

### Footnotes:

(1) Issued Restricted Stock Award in lieu of cash bonus for 2022 performance. The Restricted Stock Award was awarded pursuant to the Company's Amended and Restated 2019 Plan with a one year cliff vesting condition.

(2) Options exercisable according to the vesting terms in the related option agreement.

**Signature:** Becky Pickett, Attorney-in-Fact for Robert Sauermann  
**Date:** 2023-01-13

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**