Kong Garheng 4
4 · Venus Concept Inc. · Filed Nov 22, 2022
Insider Transaction Report
Form 4
Kong Garheng
Director10% Owner
Transactions
- Purchase
Voting Convertible Preferred Stock
2022-11-18$2.00/sh+335,000$670,000→ 335,000 total(indirect: HealthQuest Partners II, L.P.)Exercise: $0.00From: 2022-11-18→ Common Stock (3,350,000 underlying)
Footnotes (2)
- [F1]The Voting Preferred Stock will convert into shares of Common Stock on a one for ten basis (i) at the option the holder or (ii) at the option of the Company within 30 days following the occurrence of certain events. The Voting Preferred Stock votes with the Common Stock on an as-converted basis. The Voting Preferred Stock does not expire.
- [F2]The shares were purchased by HealthQuest Partners II, L.P. ("HealthQuest"). HealthQuest Venture Management II, L.L.C. ("HQVM II"), the general partner of HealthQuest, and Garheng Kong, the managing member of HQVM II, may be deemed to have sole voting and dispositive power with respect to the shares held of record by HealthQuest. The Reporting Person and HQVM II disclaim beneficial ownership of all shares held by HealthQuest except to the extent of any pecuniary interest therein.