Freenome (FRNM) Former Director Mark C. McKenna Converts 30,000 Derivative Shares

What Happened
Mark C. McKenna, a former director of Freenome, converted derivative securities into common stock on July 20, 2026. The Form 4 shows an acquisition entry for 30,000 shares (conversion) and a matching disposition entry for 30,000 derivative securities—both recorded at N/A price (no cash paid or received). This was a conversion tied to the company’s business combination closing, not an open‑market buy or sale.

Key Details

• Transaction date: July 20, 2026; Form 4 filed July 22, 2026 (timely filing).
• Reported actions: Converted 30,000 derivative securities into 30,000 common shares (conversion code C). Price per share: N/A (no cash consideration).
• Shares owned after transaction: Not disclosed on the filing.
• Footnote: Per the Business Combination Agreement (closed July 20, 2026), the issuer’s Class B Ordinary Shares converted into Class A and then into Common Stock on a one‑for‑one basis (see footnote F1).
• Filing timeliness: Filed within the normal insider reporting window; not marked late.

Context
This was a mechanical conversion resulting from the company’s business combination rather than a purchase or sale. Conversions like this exchange one security type (derivative or Class B units) for common stock and do not, by themselves, signal buying or selling intent. No cash changed hands and the transaction should be viewed as an ownership form change driven by the merger closing.