STERN ADAM K 4
4 · DarioHealth Corp. · Filed Jan 10, 2025
Insider Transaction Report
Form 4
STERN ADAM K
Director
Transactions
- Purchase
Series D-2 Preferred Stock
2025-01-07$1000.00/sh+100$100,000→ 0 total(indirect: AKS Family Partners L.P.)Exercise: $0.83→ Common Stock
Holdings
- 194,341
Common Stock
- 122,909(indirect: AKS Family Partners L.P.)
Common Stock
- 123,763(indirect: AKS Family Partners L.P.)
Series-C Preferred Stock
Footnotes (1)
- [F1]The Series D-2 Preferred Stock will automatically convert into shares of common stock, subject to shareholder approval and certain beneficial ownership limitations, including a non-waivable 19.99% ownership blocker, on the 12-month anniversary of the issuance date. The Series D-2 Preferred Stock initially converts into shares of common stock at a conversion price of $0.83. In addition, the holders of Series D-2 Preferred Stock will also be entitled dividends payable as follows: ten percent (10%) of the number of shares of Common Stock issuable upon conversion of the Preferred Stock then held by such holder for each full quarter anniversary of holding for a total of four (4) quarters from the Closing Date, all issuable upon conversion of the Preferred Stock.