Stylli Harry 4
4 · PROGENITY, INC. · Filed Jun 23, 2020
Insider Transaction Report
Form 4
PROGENITY, INC.PROG
Stylli Harry
DirectorChairman & CEO10% Owner
Transactions
- Conversion
Series B Preferred Stock
2020-06-23−1,122,222→ 0 total→ Common Stock (202,080 underlying) - Conversion
Common Stock
2020-06-23+13,213,254→ 14,251,889 total - Purchase
Common Stock
2020-06-19$15.00/sh+33,333$499,995→ 1,038,635 total - Conversion
Common Stock
2020-06-23+202,080→ 14,453,969 total - Conversion
Series A Preferred Stock
2020-06-23−4,120,000→ 0 total→ Common Stock (13,213,254 underlying)
Footnotes (4)
- [F1]On June 19, 2020, the Reporting Person purchased 33,333 shares of the Issuer's common stock at a price of $15.00 per share in the Issuer's initial public offering.
- [F2]Includes 239,074 restricted stock units.
- [F3]The Series A Preferred Stock automatically converted into shares of the Issuer's common stock on a one-for-3.207 basis immediately prior to the closing of the Issuer's initial public offering.
- [F4]The Series B Preferred Stock automatically converted into shares of the Issuer's common stock on a 0.18007-for-one basis immediately prior to the closing of the Issuer's initial public offering. The conversion rate of the Series B Preferred Stock was adjusted pursuant to the Issuer's seventh amended and restated certificate of incorporation because the public offering price per share of common stock in the Issuer's initial public offering was less than $16.68.