Profusa (PFSA) CEO Jack Stover Converts Note into 301,991 Shares

What Happened Jack E. Stover, CEO of Profusa, converted $1,292,521 of principal under a Convertible Promissory Note into common stock on August 12, 2026. The conversion resulted in 1,207,964 pre‑split shares, which became 301,991 shares following a 1‑for‑4 reverse stock split. The reported post‑split conversion price equals $4.28 per share (pre‑split price $1.07), for a total conversion value of $1,292,521. This was a conversion of debt into equity — not an open‑market buy or sale.

Key Details

• Transaction date: August 12, 2026; Form 4 filed August 19, 2026 (appears later than the usual 2 business‑day filing window).
• Shares issued: 1,207,964 pre‑split (301,991 post‑split).
• Conversion price: $1.07 pre‑split (equivalent to $4.28 post‑split); conversion amount $1,292,521.
• Note status: Note became convertible as of May 4, 2026 per the Note Modification and Conversion Agreement; remaining principal balance reported (amount not specified here).
• Beneficial ownership: Footnote indicates Stover is a manager of NorthView Sponsor I LLC and may be deemed to share beneficial ownership of securities held by that entity; he disclaims ownership except to the extent of his pecuniary interest.
• Filing timeliness: Filing reports an Aug 12 transaction on Aug 19 — this appears late relative to the typical 2 business‑day Form 4 deadline.

Context This was a derivative conversion (debt converted to equity), which reduces outstanding debt and increases insider stockholdings but does not involve a cash sale or open‑market trade. Such conversions are procedural and do not, by themselves, indicate intent to buy or sell shares in the market.