Rikkers Laing 4
4 · ProSomnus, Inc. · Filed Sep 21, 2023
Insider Transaction Report
Form 4
Rikkers Laing
Director
Transactions
- Award
Warrants (right to buy)
2023-09-20+25,000→ 25,000 total(indirect: See footnote)Exercise: $1.00Exp: 2028-09-20→ Common Stock (25,000 underlying) - Award
Series A Preferred Stock
2023-09-20+150→ 150 total(indirect: See footnote)Exercise: $1.00From: 2023-09-20→ Common Stock (150,000 underlying) - Award
Series A Preferred Stock
2023-09-20+25→ 25 total(indirect: See footnote)Exercise: $1.00From: 2023-09-20→ Common Stock (25,000 underlying) - Award
Series A Preferred Stock
2023-09-20+25→ 25 total(indirect: See footnote)Exercise: $1.00From: 2023-09-20→ Common Stock (25,000 underlying) - Award
Warrants (right to buy)
2023-09-20+25,000→ 25,000 total(indirect: See footnote)Exercise: $1.00Exp: 2028-09-20→ Common Stock (25,000 underlying) - Award
Warrants (right to buy)
2023-09-20+150,000→ 150,000 total(indirect: See footnote)Exercise: $1.00Exp: 2028-09-20→ Common Stock (150,000 underlying)
Footnotes (6)
- [F1]The Series A Preferred Stock is convertible (subject to certain conversion limitations prior to the Issuer obtaining stockholder approval of the transactions contemplated by the SPA) into Common Stock at the Reporting Person's election at $1 per share, which conversion price may be adjusted in accordance withe the terms of the Series A Preferred Stock, and has no expiration date.
- [F2]The Reporting Person acquired the shares and warrants pursuant to the terms of that certain Securities Purchase Agreement by and among the Issuer and the investors named therein, as disclosed in the Current Report on Form 8-K filed by the Issuer with the SEC on September 21, 2023 (the "SPA").
- [F3]Shares are held by Leander Swift Rikkers 2002 Trust for the benefit of the Reporting Person's child. The Reporting Person serves as trustee of this trust. The Reporting Person disclaims beneficial ownership of these shares to the extent that she does not have a pecuniary interest in them.
- [F4]The warrants become exercisable upon the Issuer obtaining shareholder approval of the transactions contemplated by the SPA.
- [F5]Shares are held by Laura Laing Rikkers 2004 Trust for the benefit of the Reporting Person's child. The Reporting Person serves as trustee of this trust. The Reporting Person disclaims beneficial ownership of these shares to the extent that she does not have a pecuniary interest in them.
- [F6]Shares are held by Trust U/A 4/29/83 fbo Laing F. Rikkers.