Freenome (FRNM) Former Director Harlan Converts 30,000 Derivative to Shares

What Happened Harlan Waksal, a former director of Freenome, had a derivative security converted into 30,000 shares of common stock on July 20, 2026. The Form 4 shows two related entries: a disposition of a derivative instrument for 30,000 shares and an acquisition of 30,000 common shares (conversion). No price or dollar value is reported (N/A). This was a corporate-action conversion tied to the company’s business combination, not an open-market buy or sell by the insider.

Key Details

• Transaction date: July 20, 2026. Form 4 filed July 29, 2026 (filed after the typical 2-business-day window for Form 4s).
• Transaction types: Conversion of derivative security (reported as both a disposition of the derivative and acquisition of the underlying shares) — 30,000 shares.
• Price/value: N/A (no per-share price or total dollar value reported).
• Shares owned after transaction: Not stated in the provided filing data.
• Footnote: per F1, the transactions occurred at the closing of Freenome’s business combination (Old Freenome’s Class B shares converted one-for-one to Class A and then to common stock on the closing date).

Context This was a conversion due to a corporate transaction (business combination) rather than a routine buy or sell by the insider. Conversions like this simply replace a derivative instrument with the underlying common shares and do not by themselves indicate insider sentiment about the stock. The Form 4 was submitted nine days after the transaction date, which is later than the standard 2-business-day filing requirement.