SEC FORM 4

SEC FORM 4 SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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

1. Name and Address of Reporting Person^*

Lerner Scott

(Last)

(First)

(Middle)

12400 RACE TRACK ROAD

(Street)

TAMPA

33626

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Better Choice Co Inc. [ BTTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Former CEO

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock								27,288	D
Common Stock								57	I	Son
Common Stock								2,667	I	Mother

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Purchase Warrants - Right to Buy	$7.5							01/22/2021	01/22/2027	Common Stock	4,000		4,000	D
Purchase Warrants - Right to Buy	$7.5							01/22/2021	01/22/2027	Common Stock	2,667		2,667	I	Mother
Stock Options - Right to Buy	$6.78	10/14/2022		D			20,834⁽¹⁾	⁽²⁾	12/28/2030⁽³⁾	Common Stock	20,834	$0	62,500	D
Stock Options - Right to Buy	$8.82	10/14/2022		D			61,112⁽¹⁾	⁽²⁾	03/03/2031⁽³⁾	Common Stock	61,112	$0	138,888	D
Stock Options - Right to Buy	$5	10/14/2022		D			13,889⁽¹⁾	⁽²⁾	07/08/2031⁽³⁾	Common Stock	13,889	$0	19,444	D
Stock Options - Right to Buy	$5	10/14/2022		D			11,806⁽¹⁾	⁽²⁾	08/19/2031⁽³⁾	Common Stock	11,806	$0	13,194	D
Stock Options - Right to Buy	$2.29	10/14/2022		D			61,112⁽¹⁾	⁽²⁾	02/01/2032⁽³⁾	Common Stock	61,112	$0	38,888	D

Explanation of Responses:

1. Forfeiture of unvested awards per terms of the Reporting Person's separation agreement effective October 14, 2022.

2. Outstanding options as of October 14, 2022 are fully vested and exercisable through the amended expiration date per terms of the Reporting Person's separation agreement.

3. Effective as of October 14, 2022, the expiration date for outstanding options was amended to April 30, 2025 per terms of the Reporting Person's separation agreement.

Remarks:

	Becky Pickett, Attorney-in-Fact for Scott Lerner	11/10/2022
	** Signature of Reporting Person	Date
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).
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