John L. Erb - Jun 9, 2025 Form 4 Insider Report for Nuwellis, Inc. (NUWE)

Role
CEO and President, Director, 10%+ Owner
Signature
/s/ Phillip D. Torrence, by Power of Attorney
Stock symbol
NUWE
Transactions as of
Jun 9, 2025
Transactions value $
$66,001
Form type
4
Date filed
6/11/2025, 08:43 PM
Previous filing
Dec 13, 2023
Next filing
Jul 1, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
ERB JOHN L CEO and President, Director, 10%+ Owner 12988 VALLEY VIEW ROAD, EDEN PRAIRIE /s/ Phillip D. Torrence, by Power of Attorney 2025-06-11 0001213867

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NUWE Common Stock Conversion of derivative security $65.6K +1.09M $0.06 1.09M Jun 9, 2025 Direct
transaction NUWE Common Stock Conversion of derivative security $451 +7.52K +0.69% $0.06 1.1M Jun 10, 2025 Direct

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 NUWE Series F Convertible Preferred Stock Other -100 -100% 0 Jun 9, 2025 Common Stock 1.67M $0.06 Direct F1, F2
transaction NUWE Series F-1 Convertible Preferred Stock Other +100 100 Jun 9, 2025 Common Stock 1.67M $0.06 Direct F1, F2, F3
transaction NUWE Series F-1 Convertible Preferred Stock Conversion of derivative security -66 -66% 34 Jun 9, 2025 Common Stock 1.1M $0.06 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 9, 2025, the Issuer entered into a Securities Exchange Agreement with the Reporting Person, pursuant to which the Issuer agreed to issue 100 shares of its newly designated Series F-1 Convertible Preferred Stock ("F-1 Stock") in exchange for 100 shares of its outstanding Series F Convertible Preferred Stock ("F Stock"). Each share of F-1 Stock and F Stock has a stated value of $1,000.
F2 The preferred stock has no expiration date.
F3 The Reporting Person's shares of Series F-1 Convertible Preferred Stock are convertible into shares of common stock, par value $0.0001 per share, subject to a 19.99% beneficial ownership limitation.