| Date | Name | Symbol | Type | Security | Shares | Price | Value | Ownership | Reported |
| 01/02/2020 | First Wave BioPharma, Inc. | AZRX | Other (disposition) | 10% Convertible Note Due 2020 | 0 | $2.50 | $0 | owned by ADEC Private Equity Investments, LLC | 01/02/2020 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Purchase | ADEC Warrants Expiring 2020 | 273.6k | $1.50 | $410.4k | owned by ADEC Private Equity Investments, LLC | 02/14/2019 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Other | ADEC Warrants Expiring 2020 | 273.6k | $5.58 | $1.5M | owned by ADEC Private Equity Investments, LLC | 02/14/2019 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Purchase | 10% Convertible Note Due 2020 | 1000k | $2.50 | $2.5M | owned by ADEC Private Equity Investments, LLC | 02/14/2019 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Other | CEDA Warrants Expiring 2020 | 21.4k | $5.50 | $117.9k | owned by CEDA Investments, LLC | 02/14/2019 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Purchase | CEDA Warrants Expiring 2020 | 21.4k | $1.50 | $32.1k | owned by CEDA Investments, LLC | 02/14/2019 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Other | ADEC Warrants Expiring 2021 | 371.1k | $5.50 | $2M | owned by ADEC Private Equity Investments, LLC | 02/14/2019 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Purchase | ADEC Warrants Expiring 2021 | 371.1k | $1.50 | $556.7k | owned by ADEC Private Equity Investments, LLC | 02/14/2019 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Other | EBR Warrants Expiring 2020 | 100k | $5.50 | $550k | owned by EBR Ventures, LLC | 02/14/2019 |
| 02/14/2019 | First Wave BioPharma, Inc. | AZRX | Purchase | EBR Warrants Expiring 2020 | 100k | $1.50 | $150k | owned by EBR Ventures, LLC | 02/14/2019 |
| 12/31/2018 | First Wave BioPharma, Inc. | AZRX | Purchase | Common Stock | 23.8k | $1.12 | $26.7k | See Footnote | 12/27/2018 |
| 12/28/2018 | First Wave BioPharma, Inc. | AZRX | Purchase | Common Stock | 29.6k | $1.18 | $34.9k | See Footnote | 12/27/2018 |
| 12/27/2018 | First Wave BioPharma, Inc. | AZRX | Purchase | Common Stock | 23.2k | $1.13 | $26.2k | See Footnote | 12/27/2018 |
| 12/27/2018 | First Wave BioPharma, Inc. | AZRX | Purchase | Common Stock | 42.9k | $1.18 | $50.6k | See Footnote | 12/27/2018 |
| 05/02/2018 | First Wave BioPharma, Inc. | AZRX | Purchase | Common Stock | 20k | $2.50 | $50k | See Footnote | 12/27/2018 |
| 06/05/2017 | First Wave BioPharma, Inc. | AZRX | Purchase | Series A-1 Warrants | 128.6k | $5.50 | $707.1k | | 06/05/2017 |
| 06/05/2017 | First Wave BioPharma, Inc. | AZRX | Purchase | Series A Warrants | 128.6k | $4.00 | $514.3k | | 06/05/2017 |
| 06/05/2017 | First Wave BioPharma, Inc. | AZRX | Purchase | Common Stock | 128.6k | $3.50 | $450k | See Footnote | 06/05/2017 |
| 10/14/2016 | First Wave BioPharma, Inc. | AZRX | Conversion | Original Issuance Discount Convertible Notes | 0 | $4.65 | $0 | By ADEC Private Equity Investment, LLC | 10/14/2016 |
| 10/14/2016 | First Wave BioPharma, Inc. | AZRX | Other (acquisition) | Warrants | 371.1k | $5.50 | $2M | By ADEC Private Equity Investment, LLC | 10/14/2016 |
| 10/14/2016 | First Wave BioPharma, Inc. | AZRX | Conversion | Common Stock | 1M | $4.65 | $4.8M | See Footnote | 10/14/2016 |