Profusa (PFSA) CFO Fred Knechtel Receives Distribution

What Happened
Fred S. Knechtel, Chief Financial Officer of Profusa, reported an intra-entity distribution on August 21, 2026. He directly acquired 54,323 shares of Profusa common stock at $0.00 (a pro rata distribution from NorthView Sponsor I LLC) and the filing also shows disposition of 301,991 shares at $0.00 reflecting the sponsor LLC's distribution of its holdings. These were not open‑market purchases or sales and involved no cash proceeds.

Key Details

• Transaction date: August 21, 2026 (reported on Form 4 filed September 4, 2026). The filing appears to have been submitted after the transaction date.
• Transaction codes: J (other acquisition or disposition — in this case a distribution from an LLC).
• Share counts and prices: +54,323 shares acquired @ $0.00; -301,991 shares disposed @ $0.00.
• Shares owned after transaction: reporting shows the reporting person directly received 54,323 shares; footnotes indicate he also held 147 shares previously — totaling 54,470 shares held directly after the distribution.
• Relevant footnotes: the 54,323 shares were a pro rata distribution from NorthView Sponsor I LLC (F1, F3). Mr. Knechtel is a manager of that LLC and may have been deemed to share beneficial ownership of the LLC’s securities but disclaims beneficial ownership except for any pecuniary interest (F4). F2 notes 147 shares held directly prior to the distribution.

Context
This filing documents an allocation of shares from a sponsor LLC to its members rather than a market trade; there were no cash proceeds and it does not reflect an outright purchase or sale in the public market. Because Knechtel was a manager of the sponsor entity, the filing clarifies shifts in deemed vs. direct ownership; such administrative distributions typically do not, by themselves, indicate a change in an insider’s market view.