CinRx Pharma, LLC - 11 Jan 2022 Form 4 Insider Report for CinCor Pharma, Inc.

Role
10%+ Owner
Signature
CinRx Pharma, LLC, By /s/ Jonathan Isaacsohn, CEO
Issuer symbol
N/A
Transactions as of
11 Jan 2022
Net transactions value
$0
Form type
4
Filing time
13 Jan 2022, 15:40:36 UTC
Previous filing
10 Jan 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CINC Common Stock Conversion of derivative security +1,222,530 +51% 3,630,103 11 Jan 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CINC Series A Preferred Stock Conversion of derivative security $0 -2,142,856 -100% $0.000000* 0 11 Jan 2022 Common Stock 630,251 Direct F1
transaction CINC Series B Preferred Stock Conversion of derivative security $0 -2,013,749 -100% $0.000000* 0 11 Jan 2022 Common Stock 592,279 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Preferred Stock and Series B Preferred Stock automatically converted into shares of Common Stock immediately prior to the closing of the Issuer's initial public offering (the "IPO") for no additional consideration, on a 3.4:1 basis, and had no expiration date.