Freenome (FRNM) 10% Owner Adam Stone Converts 2.07M Shares

What Happened
Adam Stone, a 10% owner (via the Sponsor), recorded the conversion of 2,066,250 derivative securities into common stock on July 20, 2026 in connection with Freenome's business combination closing. The filing shows an acquisition of 2,066,250 shares through conversion and a corresponding disposition entry reflecting the conversion of the derivative instrument; no cash price or dollar value is reported (N/A).

Key Details

• Transaction date: 2026-07-20 (reported on Form 4 filed 2026-07-22). The filing appears timely.
• Shares converted/acquired: 2,066,250; Price: N/A; Total value: N/A.
• Shares owned after transaction: Not specified in the filing.
• Footnote F1: Conversion resulted from the Business Combination Agreement—Class B Ordinary Shares converted to Class A and then to Common Stock on a one-for-one basis at closing.
• Footnote F2: The reported securities are held by Perceptive Capital Solutions Holdings (the Sponsor). Stone is a Sponsor director and, with another director, has voting and investment discretion over the Sponsor’s holdings and may be deemed to share beneficial ownership.

Context
This was a conversion of derivative securities related to the closing of the business combination—effectively an in-kind change of security form rather than an open-market purchase or sale. As a 10% owner via the Sponsor, Stone’s report reflects institutional ownership and Sponsor governance, not a routine executive cash trade.