Profusa (PFSA) CFO Fred Knechtel Converts Note into 301,991 Shares

What Happened
Fred S. Knechtel, Chief Financial Officer of Profusa, converted $1,292,521 of principal under a Convertible Promissory Note into equity on August 12, 2026. The conversion yielded 1,207,964 shares of common stock pre‑reverse split, which became 301,991 shares following a 1‑for‑4 reverse stock split. The recorded conversion price equals $1.07 per share pre‑split (equivalent to $4.28 per share on a post‑split basis).

Key Details

• Transaction date: August 12, 2026. Form 4 filed August 19, 2026 (7 days after the transaction). Insiders generally must file within two business days; this filing was later than that window.
• Transaction type: Conversion of derivative security (conversion of a Convertible Promissory Note into common stock). Reported as an acquisition (code C).
• Shares issued: 1,207,964 shares issued on conversion (301,991 shares after the 1‑for‑4 reverse split).
• Price / value: Conversion price $1.07 per share pre‑split (equivalent to $4.28 post‑split); principal converted $1,292,521.
• Footnotes of note: Conversion price equals the higher of $1.07 or the prior trading day's close per the Amendment No. 3 (pre‑split $1.07 = post‑split $4.28). The Note became convertible as of May 4, 2026 (Registration Effective Date). The filing discloses a remaining principal balance on the Note after this conversion (amount not specified in the summary).
• Beneficial ownership note: Mr. Knechtel 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.

Context
This was a debt‑to‑equity conversion (not an open‑market buy or sale), which increases outstanding shares. The 1‑for‑4 reverse split took effect after the conversion, so reported share counts are adjusted to post‑split figures. The filing documents conversion mechanics and price protections in Amendment No. 3; it does not state any immediate sale of the converted shares.