Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)
Under the Securities Exchange Act of 1934
| Avenue Therapeutics, Inc. |
| (Name of Issuer) |
| Common Stock, par value $0.0001 per share |
| (Title of Class of Securities) |
|
05360L304 |
| (CUSIP Number) |
| December 11, 2023 |
| (Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☒ Rule 13d-1(c)
☐ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities and Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| CUSIP No. 05360L304 | 13G/A | Page 2 of 5 Pages |
| 1 | NAME OF REPORTING PERSONS | ||
| Robert Davidow | |||
| 2 | CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP | ||
|
(a) ☐ | |||
| (b) ☐ | |||
| 3 | SEC USE ONLY | ||
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION | ||
| United States | |||
| 5 | SOLE VOTING POWER | ||
| 722,000 (1) | |||
| NUMBER OF | 6 | SHARED VOTING POWER | |
| SHARES | |||
| BENEFICIALLY | 55,000 (1) | ||
| OWNED BY | 7 | SOLE DISPOSITIVE POWER | |
| EACH REPORTING | |||
| PERSON WITH | 722,000 (1) | ||
| 8 | SHARED DISPOSITIVE POWER | ||
| 587,800 | |||
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON | ||
| 1,309,800 (1) | |||
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ||
|
☐ | |||
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) | ||
| 9.89% (2) | |||
| 12 | TYPE OF REPORTING PERSON | ||
|
IN | |||
|
(1) |
Consists of (i) 681,000 shares of common stock held by the Reporting Person individually, (ii) 22,000 shares of common stock held in a joint account with the Reporting Person’s wife, (iii) 74,000 shares of common stock held in trusts for the benefit of the Reporting Person’s children in which the Reporting Person is the trustee, (iv) 80,000 shares of common stock held by the Reporting Person’s wife, (v) 147,000 shares of commons stock held in accounts maintained for the benefit of certain individuals or trusts over which the Reporting Person has shared dispositive authority, (vi) 100,000 shares of common stock held in accounts maintained for the benefit of certain individuals or trusts over which the Reporting Person has shared voting and dispositive authority, and (vii) 90,000 shares of common stock over which the Reporting Person has dispositive authority which are held by two individuals to whom the Reporting Person made loans (the “Loans”), a portion of which were used to pay for the shares, with promissory notes providing that such loans would be repaid with interest . The Reporting Person disclaims beneficial ownership over the shares of common stock except to the extent of his pecuniary interest therein. While the Reporting Person does not have a direct pecuniary interest in the shares held by the borrowers of the Loans, the Reporting Person has some financial interest in those shares by virtue of the Loans. | |
| (2) | Based on 13,247,622 shares of common stock outstanding as of November 8, 2023 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2023. |
| CUSIP No. 05360L304 | 13G/A | Page 3 of 5 Pages |
Explanatory Note:
This Amendment No. 1 (the “Amendment”) amends and supplements the statement on Schedule 13G filed on November 28, 2023 (the “Schedule 13G”) with the Securities and Exchange Commission relating to the Common Stock of Avenue Therapeutics, Inc. (the “Issuer”), by Robert Davidow (the “Reporting Person”). Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13G. Capitalized terms used but not defined herein shall have the same meanings as are ascribed to them in the Schedule 13G, as applicable.
Item 1.
| (a) | Name of Issuer: |
Avenue Therapeutics, Inc.
|
(b) |
Address of Issuer’s Principal Executive Offices: |
1111 Kane Concourse, Suite 301, Bay Harbor Islands, FL 33154
Item 2.
| (a) | Name of Person Filing: |
| Robert Davidow | |
| (b) | Address of Principal Business Office or, if none, Residence: |
| 2100 South Ocean Blvd., Apartment 401 N, Palm Beach, FL 33480 | |
| (c) | Citizenship: |
| The Reporting Person is a United States citizen. | |
| (d) | Title of Class of Securities: |
| Common Stock, par value $0.0001 per share | |
| (e) | CUSIP Number: |
| 05360L304 |
Item 3.
Not applicable.
| CUSIP No. 05360L304 | 13G/A | Page 4 of 5 Pages | ||
Item 4. Ownership.
| (a)–(c) | The information required by Items 4(a)-(c) is set forth in Rows (5)-(9) and Row (11) of the cover page and is incorporated herein by reference. |
| Based on 13,247,622 shares of common stock outstanding as of November 8, 2023 as reported in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 13, 2023. |
| Item 5. |
Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐ |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
As disclosed in footnote (1) to the table on page 2 of this Schedule 13G, the Reporting Person holds voting and/or dispositive control over shares of common stock held by or for the benefit of certain individuals and entities, such that these individuals and entities will have the right to receive dividends and proceeds from sales of the shares of common stock so held. Except with respect to the Reporting Person himself, none of these individuals or entities beneficially owns over 5% of the Issuer’s outstanding common stock.
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group. |
Not applicable.
| Item 9. | Notice of Dissolution of Group. |
Not applicable.
| Item 10. |
Certifications.
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
| CUSIP No. 05360L304 | 13G/A | Page 5 of 5 Pages |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct.
| December 13, 2023 | By: | /s/ Robert Davidow |
| Robert Davidow | ||