---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-122394"
form_type: "8-K"
ticker: "BTMD"
cik: "0001819253"
company_name: "biote Corp."
filed_at: "2024-04-29T23:59:59+00:00"
generated_at: "2026-06-03T05:42:42.077188+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Biote settles founder litigation, repurchases all 18.4M shares for ~$76.9M

## Summary
- Repurchases 18.4M shares at $4.17 avg price; $32.2M paid on April 26, remainder over 3 years.
- Mutual release of all claims in the Donovitz litigation; founder advisory agreement terminated.
- Two-year non-compete and non-solicitation agreements with Donovitz; voting agreement signed.
- CEO says settlement resolves costly litigation and multi-year repurchase will be accretive.
- Financial impacts of settlement to be detailed in Q1 results on May 7, 2024.

## SEC filing metadata
- accession: 0001193125-24-122394
- form_type: 8-K
- ticker: BTMD
- cik: 0001819253
- company_name: biote Corp.
- filed_at: 2024-04-29T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1819253/000119312524122394/0001193125-24-122394-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1819253/000119312524122394/d831222d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-122394
- JSON: https://secwatch.observer/filing/0001193125-24-122394.json
- Plain text: https://secwatch.observer/filing/0001193125-24-122394.txt

## Key facts
- Material Agreements
  biote Corp. entered into Settlement Agreement with Dr. Gary S. Donovitz valued at approximately $76.9 million (effective 2024-04-23).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Dr. Gary S. Donovitz
  - Value: approximately $76.9 million
  - Effective: 2024-04-23
  source text: On April 23, 2024, biote Corp., a Delaware corporation (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”) with respect to its previously disclosed litigation with one of the Company’s stockholders, Dr. Gary S. Donovitz (“Donovitz”) (the “Donovitz Litigation”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1819253/000119312524122394/0001193125-24-122394-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.