Sec Form 3 Filing - Masters Michael Willingham @ Venus Concept Inc. - 2022-11-18

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Masters Michael Willingham
2. Issuer Name and Ticker or Trading Symbol
Venus Concept Inc. [ VERO]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
3060 PEACHTREE ROAD NW, SUITE 1425,
3. Date of Earliest Transaction (MM/DD/YY)
11/18/2022
(Street)
ATLANTA, GA30305
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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)
Code V Amount (A) or (D) Price
Common Stock, $0.0001 par value per share 2,535,198 I( 1 ) By Marlin Fund, Limited Partnership
Common Stock, $0.0001 par value per share 1,885,401 I( 2 ) By Marlin Fund II, Limited Partnership
Common Stock, $0.0001 par value per share 168,502 I( 3 ) By Marlin Fund III, Limited Partnership
Common Stock, $0.0001 par value per share 289,899 I( 4 ) By Marlin Master Fund Offshore II, LP
Common Stock, $0.0001 par value per share 21,000 I( 5 ) By Masters Capital Management, LLC
Common Stock, $0.0001 par value per share 4,599,173 I( 6 ) By MSS VC SPV LP
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Voting Convertible Preferred Stock ( 7 ) ( 7 ) ( 7 ) Common Stock, $0.0001 par value per share 4,960,000 I( 1 ) By Marlin Fund, Limited Partnership
Voting Convertible Preferred Stock ( 7 ) ( 7 ) ( 7 ) Common Stock, $0.0001 par value per share 3,940,000 I( 2 ) By Marlin Fund II, Limited Partnership
Voting Convertible Preferred Stock ( 7 ) ( 7 ) ( 7 ) Common Stock, $0.0001 par value per share 360,000 I( 3 ) By Marlin Fund III, Limited Partnership
Voting Convertible Preferred Stock ( 7 ) ( 7 ) ( 7 ) Common Stock, $0.0001 par value per share 740,000 I( 4 ) By Marlin Master Fund Offshore II, LP
Voting Convertible Preferred Stock ( 7 ) ( 7 ) ( 7 ) Common Stock, $0.0001 par value per share 3,500,000 I( 6 ) By MSS VC SPV LP
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Masters Michael Willingham
3060 PEACHTREE ROAD NW, SUITE 1425
ATLANTA, GA30305
X
MASTERS CAPITAL MANAGEMENT LLC
3060 PEACHTREE ROAD, NW, SUITE 1425
ATLANTA, GA30305
X
Masters Special Situations, LLC
3060 PEACHTREE ROAD NW, SUITE 1425
ATLANTA, GA30305
X
Marlin Fund, Limited Partnership
C/O MASTERS CAPITAL MANAGEMENT, LLC
3060 PEACHTREE ROAD NW, SUITE 1425
ATLANTA, GA30305
X
Marlin Fund II, Limited Partnership
C/O MASTERS CAPITAL MANAGEMENT, LLC
3060 PEACHTREE ROAD NW, SUITE 1425
ATLANTA, GA30305
X
Marlin Fund III, Limited Partnership
C/O MASTERS CAPITAL MANAGEMENT, LLC
3060 PEACHTREE ROAD NW, SUITE 1425
ATLANTA, GA30305
X
Marlin Master Fund Offshore II, LP
C/O MASTERS CAPITAL MANAGEMENT, LLC
3060 PEACHTREE ROAD, NW, SUITE 1425
ATLANTA, GA30305
X
MSS VC SPV LP
C/O MASTERS SPECIAL SITUATIONS, LLC
3060 PEACHTREE ROAD, NW, STE.1425
ATLANTA, GA30305
X
Signatures
/s/ Michael Masters 11/28/2022
Signature of Reporting Person Date
Masters Capital Management, LLC, By: /s/ Michael Masters, Managing Member 11/28/2022
Signature of Reporting Person Date
Masters Special Situations, LLC, By:/s/ Michael Masters, Authorized Signatory 11/28/2022
Signature of Reporting Person Date
Marlin Fund, Limited Partnership, By: Masters Capital Management, LLC, By: /s/ Michael Masters, Managing Member 11/28/2022
Signature of Reporting Person Date
Marlin Fund II, Limited Partnership, By: Masters Capital Management, LLC, By: /s/ Michael Masters, Managing Member 11/28/2022
Signature of Reporting Person Date
Marlin Fund III, Limited Partnership, By: Masters Capital Management, LLC, By: /s/ Michael Masters, Managing Member 11/28/2022
Signature of Reporting Person Date
Marlin Master Offshore II, LP, By: Masters Capital Management, LLC, By: /s/ Michael Masters, Managing Member 11/28/2022
Signature of Reporting Person Date
MSS VC SPV LP, By: MSS VC SPV GP, LLC, By: Masters Special Situations, LLC, By: /s/ Michael Masters, Michael Masters 11/28/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )These securities are held in the account of Marlin Fund, Limited Partnership, a private fund managed by Masters Capital Management, LLC ("MCM"). These securities may be deemed to be beneficially owned by MCM by virtue of its role as the general partner of Marlin Fund, Limited Partnership, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM.
( 2 )These securities are held in the account of Marlin Fund II, Limited Partnership, a private fund managed by MCM. These securities may be deemed to be beneficially owned by MCM by virtue of its role as the general partner of Marlin Fund II, Limited Partnership, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM.
( 3 )These securities are held in the account of Marlin Fund III, Limited Partnership, a private fund managed by MCM. These securities may be deemed to be beneficially owned by MCM by virtue of its role as the general partner of Marlin Fund III, Limited Partnership, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM.
( 4 )These securities are held in the account of Marlin Master Fund Offshore II, LP, a private fund managed by MCM. These securities may be deemed to be beneficially owned by MCM by virtue of its role as the general partner of Marlin Master Fund Offshore II, LP, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM.
( 5 )These securities are held in the accounts of other clients advised by MCM. These securities may be deemed to be beneficially owned by MCM by virtue of its role as advisor to such accounts, and Michael Masters by virtue of his role as the controlling founder and managing member of MCM.
( 6 )These securities are held in the account of MSS VC SPV LP, a private fund managed by Masters Special Situations, LLC ("MSS"). These securities may be deemed to be beneficially owned by MSS by virtue of its role as the investment manager of such private fund and as managing member of MSS VC SPV GP, LLC, the general partner of such private fund, and Michael Masters by virtue of his role as the controlling founder of MSS.
( 7 )Each share of voting convertible preferred stock, par value $0.0001 per share ("Voting Convertible Preferred Stock"), is convertible into shares of the Issuer's Common Stock, $0.0001 par value per share on a 1-for-10 basis at any time at the holder's election. The shares have no expiration 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).

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.