Mats Wahlstrom - Feb 10, 2025 Form 4 Insider Report for TriSalus Life Sciences, Inc. (TLSI)

Role
Director, 10%+ Owner
Signature
/s/ Sean Murphy, Attorney-in-Fact
Stock symbol
TLSI
Transactions as of
Feb 10, 2025
Transactions value $
$0
Form type
4
Date filed
2/11/2025, 05:59 PM
Previous filing
Dec 19, 2024
SEC
View on sec.gov

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 TLSI Series A Convertible Preferred Stock Other $0 +44.8K +89.5% $0.00 94.8K Feb 10, 2025 Common Stock 44.8K $5.28 By Leonard Capital LLC F1, F2, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The conversion price (the "Conversion Price") reflects the reset effective as of February 10, 2025, which reset occurred in accordance with the terms of the Issuer's Certificate of Designations, Preferences and Rights of Series A Convertible Preferred Stock of the Issuer filed with the Delaware Secretary of State on August 10, 2023.
F2 Effective February 10, 2025, the Conversion Price of the 50,000 shares of Series A Convertible Preferred Stock (the "Preferred Stock") held by the Reporting Person was reset in accordance with the terms of the Preferred Stock, resulting in an increase in the number of shares of Common Stock issuable upon conversion of the Preferred Stock.
F3 After giving effect to the Conversion Price reset, the Preferred Stock is convertible, in whole or in part, into 94,750 shares of Common Stock of the Issuer (based on a Conversion Price of $5.277 per share, which is subject to adjustment upon the occurrence of certain events) at any time, at the Reporting Person's election.
F4 All then outstanding shares of Preferred Stock are automatically converted into shares of the Issuer's Common Stock on August 10, 2027.
F5 Represents the incremental number of shares of Common Stock that are issuable upon conversion of the Preferred Stock as a result of the Conversion Price reset.
F6 The Reporting Person shares voting and investment discretion with his spouse with respect to the shares held directly by Leonard Capital LLC.