Ownership Submission

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 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

OMB APPROVAL

OMB Number:

3235-0287

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Kreis Leslie W.

2. Issuer Name and Ticker or Trading Symbol
Lantern Pharma Inc. [LTRN]

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

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

(Last)

(First)

(Middle)

C/O LANTERN PHARMA INC., 1920 MCKINNEY AVENUE, 7TH FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
06/15/2020

(Street)

DALLAS, TX 75201

4. If Amendment, Date 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

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/15/2020		C		503,606 ⁽¹⁾ ⁽²⁾	A	⁽²⁾	503,606 ⁽¹⁾	I	By Bios Fund I, LP ⁽²⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾
Common Stock	06/15/2020		C		294,557 ⁽¹⁾ ⁽³⁾	A	⁽³⁾	294,557 ⁽¹⁾	I	By Bios Fund I QP, LP ⁽³⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾
Common Stock	06/15/2020		C		139,989 ⁽¹⁾ ⁽⁴⁾	A	⁽⁴⁾	204,723 ⁽¹⁾	I	By Bios Fund II, LP ⁽⁴⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾
Common Stock	06/15/2020		C		457,282 ⁽¹⁾ ⁽⁵⁾	A	⁽⁵⁾	668,738 ⁽¹⁾	I	By Bios Fund II QP, LP ⁽⁵⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾
Common Stock	06/15/2020		C		61,214 ⁽¹⁾ ⁽⁶⁾	A	⁽⁶⁾	89,522 ⁽¹⁾	I	By Bios Fund II NT, LP ⁽⁶⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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 control number.		SEC 1474 (9-02)

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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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
(Month/Day/Year)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Series A Preferred Stock

⁽²⁾

06/15/2020

289,429

⁽²⁾

Common Stock

503,606 ⁽¹⁾ ⁽²⁾

⁽²⁾

By Bios Fund I, LP ⁽¹⁾ ⁽²⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾

Series A Preferred Stock

⁽³⁾

06/15/2020

169,286

⁽³⁾

Common Stock

294,557 ⁽¹⁾ ⁽³⁾

⁽³⁾

By Bios Fund I QP, LP ⁽¹⁾ ⁽³⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾

Series A Preferred Stock

⁽⁴⁾

06/15/2020

80,454

⁽⁴⁾

Common Stock

139,989 ⁽¹⁾ ⁽⁴⁾

⁽⁴⁾

By Bios Fund II, LP ⁽¹⁾ ⁽⁴⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾

Series A Preferred Stock

⁽⁵⁾

06/15/2020

262,806

⁽⁵⁾

Common Stock

457,282 ⁽¹⁾ ⁽⁵⁾

⁽⁵⁾

By Bios Fund II QP, LP ⁽¹⁾ ⁽⁵⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾

Series A Preferred Stock

⁽⁶⁾

06/15/2020

35,181

⁽⁶⁾

Common Stock

61,214 ⁽¹⁾ ⁽⁶⁾

⁽⁶⁾

By Bios Fund II NT, LP ⁽¹⁾ ⁽⁶⁾ ⁽⁷⁾ ⁽⁸⁾ ⁽¹¹⁾

Stock Options

$ 15

06/15/2020

9,135

⁽⁹⁾

06/14/2030

Common Stock

9,135

$ 0

9,135

D ⁽¹⁰⁾ ⁽¹¹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Kreis Leslie W. C/O LANTERN PHARMA INC. 1920 MCKINNEY AVENUE, 7TH FLOOR DALLAS, TX 75201	X	X
Cavu Management, LP 1751 RIVER RUN, SUITE 400 FORT WORTH, TX 76107		X
Cavu Advisors, LLC 1751 RIVER RUN, SUITE 400 FORT WORTH, TX 76107		X
BP Directors, LP 1751 RIVER RUN, SUITE 400 FORT WORTH, TX 76107		X

Signatures

/s/ Leslie W. Kreis, Jr.		06/16/2020
^**Signature of Reporting Person		Date
Cavu Management, LP, By: Cavu Advisors, LLC, its general partner, By: /s/ Leslie W. Kreis, Jr, Manager		06/16/2020
^**Signature of Reporting Person		Date
Cavu Advisors, LLC, By: /s/ Leslie W. Kreis, Jr, Manager		06/16/2020
^**Signature of Reporting Person		Date
BP Directors, LP, By: Bios Equity Partners, LP, its general partner, By: Cavu Management, LP, its general partner, By: Cavu Advisors, LLC, its general partner, By: /s/ Leslie W. Kreis, Jr, Manager		06/16/2020
^**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	In connection with the Issuer's initial public offering ("IPO"), the Issuer effected a 1.74-for-1 stock split on its outstanding common stock, which became effective immediately prior to the closing of the Issuer's IPO ("Stock Split"). The share amounts reflect the Stock Split.
(2)	In connection with the Issuer's IPO, the 289,429 shares of the Issuer's Series A Preferred Stock held by Bios Fund I, LP ("Bios Fund I"), which had no expiration date, were automatically converted for no additional consideration into 503,606 shares of common stock immediately prior to the closing of the Issuer's IPO.
(3)	In connection with the Issuer's IPO, the 169,286 shares of the Issuer's Series A Preferred Stock held by Bios Fund I QP, LP ("Bios Fund I QP"), which had no expiration date, were automatically converted for no additional consideration into 294,557 shares of common stock immediately prior to the closing of the Issuer's IPO.
(4)	In connection with the Issuer's IPO, the 80,454 shares of the Issuer's Series A Preferred Stock held by Bios Fund II, LP ("Bios Fund II"), which had no expiration date, were automatically converted for no additional consideration into 139,989 shares of common stock immediately prior to the closing of the Issuer's IPO.
(5)	In connection with the Issuer's IPO, the 262,806 shares of the Issuer's Series A Preferred Stock held by Bios Fund II QP, LP ("Bios Fund II QP"), which had no expiration date, were automatically converted for no additional consideration into 457,282 shares of common stock immediately prior to the closing of the Issuer's IPO.
(6)	In connection with the Issuer's IPO, the 35,181 shares of the Issuer's Series A Preferred Stock held by Bios Fund II NT, LP ("Bios Fund II NT"), which had no expiration date, were automatically converted for no additional consideration into 61,214 shares of common stock immediately prior to the closing of the Issuer's IPO.
(7)	Bios Equity Partners, LP ("Bios Equity I") is the general partner of the following entities: Bios Fund I, Bios Fund I QP and BP Directors, LP ("Bios Directors"). Bios Equity Partners II, LP ("Bios Equity II") is the general partner of the following entities: Bios Fund II, Bios Fund II QP and Bios Fund II NT. Cavu Management, LP ("Cavu Management"), an entity managed and controlled by Mr. Kreis, is a general partner of Bios Equity I and Bios Equity II. Cavu Advisors LLC ("Cavu Advisors"), an entity that is managed and controlled by Mr. Kreis, is the general partner of Cavu Management.
(8)	Mr. Kreis, Cavu Management and Cavu Advisors each share voting and investment control with respect to the shares held by Bios Fund I, Bios Fund I QP, Bios Directors, Bios Fund II, Bios Fund II QP and Bios Fund II NT (collectively, the "Bios Equity Entities"). Because of the relationship between Mr. Kreis, Cavu Management, Cavu Advisors and the Bios Equity Entities, Mr. Kreis, Cavu Management and Cavu Advisors each may be deemed to beneficially own the shares held directly by the Bios Equity Entities.
(9)	Mr. Kreis was granted options to purchase 9,135 shares of the Issuer's common stock at the exercise price equal to the price per share sold in the Issuer's IPO. The options granted will vest in equal monthly increments over a 36 month period commencing upon the closing of the Issuer's IPO, which is the grant date of the options. Under the Amended and Restated 2018 Equity Incentive Plan, the options may not be exercised after the tenth anniversary of the grant date.
(10)	Pursuant to a pre-exiting agreement, Mr. Kreis is deemed to hold the reported option for the benefit of Bios Director. Bios Directors may be deemed the indirect beneficial owner of the option, and Bios Equity I, Cavu Management, Cavu Advisors and Mr. Kreis may each be deemed the indirect beneficial owner of the option through its or his indirect interest in Bios Directors.
(11)	For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each Reporting Person disclaims beneficial ownership of any such securities, except to the extent of his/its pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
Remarks: This Form 4 is the first of two Forms 4 filed relating to the same event. The Form 4 has been split into two filings because there are more than 10 reporting persons in total, and the SEC's EDGAR filing system limits a single Form 4 to a maximum of 10 reporting person. The second Form 4 will be filed by Aaron Glenn Louis Fletcher as the designated filer.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.