Sec Form 3 Filing - FG Next GP, LLC @ Molekule Group, Inc. - 2023-01-12

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 FG Next GP, LLC 2. Issuer Name and Ticker or Trading Symbol Molekule Group, Inc. [ MKUL] 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) 645 WALNUT ST., 3. Date of Earliest Transaction (MM/DD/YY) 01/12/2023 (Street) BOULDER, CO80302 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 7,217,710 I By Foundry Group Next ,L.P.( 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other FG Next GP, LLC 645 WALNUT ST. BOULDER, CO80302 X Foundry Group Next, L.P. 645 WALNUT ST. BOULDER, CO80302 X Levine Seth C/O FOUNDRY GROUP 645 WALNUT ST. BOULDER, CO80302 X MCINTYRE RYAN A C/O FOUNDRY GROUP 645 WALNUT ST. BOULDER, CO80302 X Signatures FG Next GP, L.L.C., By /s/ Bradley A. Feld, Managing Member 01/23/2023 Signature of Reporting Person Date Foundry Group Next, L.P., By: FG Next GP, L.L.C., its general partner, By /s/ Bradley A. Feld, Managing Member 01/23/2023 Signature of Reporting Person Date /s/ Seth Levine 01/23/2023 Signature of Reporting Person Date /s/ Ryan A. McIntyre 01/23/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Shares are held by Foundry Group Next, L.P. ("Foundry"). FG Next GP, L.L.C. ("Foundry GP") is the general partner of Foundry and may be deemed to beneficially own these shares. Lindel Eakman, Bradley A. Feld, Seth Levine, Chris Moody and Ryan A. McIntyre are the managing members of Foundry GP, and may be deemed to share voting and investment power over these shares. Each of Foundry GP and Messrs. Eakman, Levine, Moody and McIntyre disclaims beneficial ownership in these shares except to the extent of its or his pecuniary interest therein. Mr. Feld is a director of the Issuer and files separate Section 16 reports.

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.