Chen Jing 4
4 · Biostage, Inc. · Filed Dec 9, 2022
Insider Transaction Report
Form 4
Biostage, Inc.BSTG
Chen Jing
Director
Transactions
- Exercise of In-Money
Common Stock
2022-12-07$2.00/sh+174,000$348,000→ 210,000 total - Sale
Common Stock
2022-12-07$7.17/sh−48,532$347,974→ 161,468 total - Exercise of In-Money
Warrants (right to buy)
2022-12-07−174,000→ 0 totalExercise: $2.00From: 2017-12-27Exp: 2022-12-27→ Common Stock (174,000 underlying)
Footnotes (1)
- [F1]On December 7, 2022, the Reporting Person exercised a warrant to purchase 174,000 shares of common stock for $2 per share. The Reporting Person paid the exercise price on a cashless basis, resulting in Biostage's withholding of 48,532 shares to pay the exercise price based on the daily VWAP of $7.1706, and issuing the remaining 125,468 shares of common stock.