First Light Asset Management Form 3 Societal CDMO / Mathew Paul Arens ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Arens Mathew Paul

(Last) (First) (Middle)

C/O FIRST LIGHT ASSET MANAGEMENT, LLC

3300 EDINBOROUGH WAY, SUITE 201

(Street)

EDINA MN 55435

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/23/2023

3. Issuer Name and Ticker or Trading Symbol
Societal CDMO, Inc. [ SCTL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	635,000	D
Common Stock	13,426,396	I	See Footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Arens Mathew Paul

(Last) (First) (Middle)

C/O FIRST LIGHT ASSET MANAGEMENT, LLC

3300 EDINBOROUGH WAY, SUITE 201

(Street)

EDINA MN 55435

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

First Light Asset Management, LLC

(Last) (First) (Middle)

3300 EDINBOROUGH WAY

SUITE 201

(Street)

EDINA MN 55435

(City) (State) (Zip)

Explanation of Responses:

1. Represents shares held for the benefit of private investment vehicles (the "Accounts") for which First Light Asset Management, LLC ("First Light") serves as investment adviser. Mr. Arens is the Managing Member, CEO and Senior Portfolio Manager of First Light. In such capacities, the Reporting Persons may be deemed to beneficially own securities held for the benefit of the Accounts. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of his or its pecuniary interest therein, and the filing of this Form 3 shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Mr. Arens, a director of the Issuer.

	/s/ Mathew P. Arens	08/25/2023
	FIRST LIGHT ASSET MANAGEMENT, LLC By: /s/ Kurt T. Peterson, Chief Compliance Officer	08/25/2023
	** Signature of Reporting Person	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 5 (b)(v).
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