Vogenx Director Peter Pieraccini Converts Note into 42,735 Shares

What Happened

Peter Pieraccini, a director of Vogenx, Inc. (VOGX), acquired 42,735 shares of common stock on 2026-08-13 by converting a convertible promissory note into equity. The conversion price was $11.70 per share, resulting in shares with an aggregate value of $499,999. The Form 4 shows the acquisition as a conversion of a derivative security (code C).

Key Details

• Transaction date: 2026-08-13
• Transaction type: Conversion of derivative security into common stock (acquisition)
• Shares acquired: 42,735 at $11.70 per share — total $499,999
• Shares disposed: a derivative line is listed as N/A (no cash sale reported)
• Shares owned after transaction: Not disclosed on the filing
• Footnotes:
  • F1: Pieraccini is the sole member of Steel Buddha, LLC, the direct owner of the securities.
  • F2: The convertible note converted immediately prior to the IPO closing at $11.70 per share, which equals 90% of the IPO per-share price.
• Filing timeliness: Report filed on 2026-08-13 for a transaction on 2026-08-13 (appears timely).

Context

This was not an open-market purchase but a conversion of debt into equity tied to the company’s IPO mechanics. Conversions increase insider shareholdings and are different from market buys or sales; they reflect prior financing terms converting into stock rather than a cash investment or disposition.