Salva Francisco D. 4

What Happened

• Francisco D. Salva, President, CEO and Director of Azitra, Inc. (AZTR), reported a conversion of derivative securities on June 16, 2026. He acquired 4,064,050 common shares through conversion and shows a disposition of 500 derivative shares (the Series A preferred shares that converted). The conversion was automatic and required no additional consideration (no cash paid).

Key Details

• Transaction date: June 16, 2026. Filing date: June 18, 2026 (appears timely).
• Nature of transaction: Conversion of derivative security (code C). 500 shares of Series A Convertible Non‑Redeemable Preferred Stock converted into 4,064,050 common shares (conversion ratio = 8,128.1 common shares per Series A preferred).
• Price/consideration: Conversion was automatic for no additional consideration; the original Securities were purchased earlier at $1,000 per Security (each Security included one Series A preferred and associated warrants).
• Disposition line: 500 derivative shares shown as disposed (represents the preferred shares converted).
• Shares owned after transaction: total common holdings after the conversion are not specified in the filing.
• Footnotes: F1 describes the conversion ratio and original $1,000 purchase price per Security; F2 notes Mr. Salva holds 22,241 incentive stock options exercisable within 60 days of June 16, 2026.

Context

• This was a conversion of preferred into common stock (not an open‑market buy or sale). Conversions increase the outstanding common share count and move value from preferred to common; they are procedural and do not necessarily signal a buy or sell decision by the insider.
• The filing also discloses near‑term exercisable options (22,241) which can affect future insider holdings if exercised.