Dow Brian B 4
4 · ProSomnus, Inc. · Filed Sep 21, 2023
Insider Transaction Report
Form 4
Dow Brian B
Chief Financial Officer
Transactions
- Award
Series A Preferred Stock
2023-09-20+50→ 50 totalExercise: $1.00From: 2023-09-20→ Common Stock (50,000 underlying) - Award
Warrants (right to buy)
2023-09-20+50,000→ 50,000 totalExercise: $1.00Exp: 2028-09-20→ Common Stock (50,000 underlying)
Footnotes (3)
- [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]The warrants become exercisable upon the Issuer obtaining shareholder approval of the transactions contemplated by the SPA.