ASE Test, Inc. 4

What Happened
ASE Test, Inc. — reported as a 10% owner and an indirectly wholly‑owned subsidiary of ASE Technology Holding Co., Ltd. — reported a purchase (code P) of 5,994 shares of Ainos, Inc. (AIMD) on 2026-04-12. The filing lists this as a derivative-related acquisition (no per‑share price or total value reported). The underlying position relates to convertible promissory notes previously issued to ASE Test.

Key Details

• Transaction date: 2026-04-12; filing date: 2026-04-15 (Form 4 accession 0000950103-26-005723).
• Reported acquisition: 5,994 shares; price: N/A (no dollar value reported).
• Shares owned after the transaction: not disclosed in the filing.
• Notable footnotes:
  • F1: ASE Test directly holds the convertible notes; ASE Technology Holding Co., Ltd. reports indirect ownership.
  • F2: The original $2.0M convertible note (issued 3/13/2023) was amended to extend maturity to 3/12/2027 and set a variable conversion price (lower of $7.50 or a market‑based floor, as amended).
  • F3: A 5‑for‑1 reverse stock split on 6/30/2025 adjusted the conversion price terms (now the lower of $37.50 or a market‑based calculation with a $22.50 floor), subject to anti‑dilution adjustments.
• No indication in the filing that the report was late.

Context
This filing reflects an institutional 10% owner acquiring shares tied to convertible‑note rights rather than an executive buying stock on the open market. Convertible note conversions or derivative transactions often result from contractual conversion rights and do not by themselves indicate management sentiment. No cash price or total value was provided, and the conversion mechanics are governed by the amended note terms and the 2025 reverse split adjustments.