Sec Form 4 Filing - Big Rock Partners Sponsor, LLC @ NRX Pharmaceuticals, Inc. - 2021-05-24

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
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1. Name and Address of Reporting Person
Big Rock Partners Sponsor, LLC
2. Issuer Name and Ticker or Trading Symbol
NRX Pharmaceuticals, Inc. [ BRPA]
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)
2645 N. FEDERAL HIGHWAY, SUITE 230
3. Date of Earliest Transaction (MM/DD/YY)
05/24/2021
(Street)
DELRAY BEACH, FL33483
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 05/24/2021 D 5,435 D $ 0 492,065 I By Big Rock Partners Sponsor, LLC ( 1 )
Common Stock 05/24/2021 C 27,250 A $ 0 519,315 I By Big Rock Partners Sponsor, LLC ( 1 )
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
Rights, exchangeable for Common Stock ( 2 ) 05/24/2021 C 272,500 ( 2 ) ( 2 ) Common Stock 27,250 ( 2 ) 0 I By Big Rock Partners Sponsor, LLC ( 1 )
Unit Purchase Option $ 10 05/24/2021 P 100,000 05/24/2021 11/20/2022 Common Stock 160,000 $ 1 100,000 I By A/Z Property Partners LLC ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Big Rock Partners Sponsor, LLC
2645 N. FEDERAL HIGHWAY, SUITE 230
DELRAY BEACH, FL33483
X
ACKERMAN RICHARD
2645 N. FEDERAL HIGHWAY, SUITE 230
DELRAY BEACH, FL33483
X X President & CEO
Signatures
/s/ Richard Ackerman, managing member 05/24/2021
Signature of Reporting Person Date
/s/ Richard Ackerman 05/24/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Mr. Ackerman is the managing member of this entity and has the sole voting and dispositive power of the securities held thereby. Accordingly, Mr. Ackerman may be deemed to have beneficial ownership of such shares. Mr. Ackerman disclaims beneficial ownership of such shares except to the extent of his pecuniary interest therein.
( 2 )Each of the Issuer's Rights were convertible into 1/10 of one share of the Issuer's common stock upon consummation of the Issuer's initial business combination and had no expirationdate. In connection with the Issuer's business combination, such Rights automatically converted into shares of common stock.
( 3 )Mr. Ackerman is the majority owner of this entity and may be deemed to have beneficial ownership of the shares owned thereby. Mr. Ackerman disclaims beneficial ownership except to the extent of his pecuniary interest therein.

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