Xiaochun Xu - 28 Jun 2022 Form 4 Insider Report for ThermoGenesis Holdings, Inc. (THMO)

Role: CEO, Director, 10%+ Owner
Signature: /s/ Xiaochun Xu
Issuer symbol: THMO
Transactions as of: 28 Jun 2022
Transactions value $: $0
Form type: 4
Filing time: 30 Jun 2022, 17:03:06 UTC
Previous filing: 01 Jun 2021
Next filing: 02 Oct 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	THMO	Common Stock	Conversion of derivative security	$3M	+10.6M	+610.36%	$0.28	12.3M	28 Jun 2022	Held by Boyalife Asset Holding II, Inc.	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	THMO	Second Amended and Restated Convertible Note	Conversion of derivative security	-$3M				$7.7M	28 Jun 2022	Common Stock	10.6M	$0.28	Held by Boyalife Asset Holding II, Inc.	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On June 28, 2022, Boyalife Asset Holding II, Inc. converted an aggregate of $3,000,000 of outstanding principal and interest under a Second Amended and Restated Convertible Promissory Note issued by Issuer in April 2018. After giving effect to the conversion, as of the date of this Form 4, there was $7,000,000 in principal and approximately $700,000 in accrued interest outstanding under the Convertible Promissory Note, all of which is convertible at a current conversion price of $0.2843 per share, subject to downward adjustment in the event that the Issuer issues shares of common stock at a lower price. Boyalife Asset Holding II, Inc. is 100% owned by Boyalife Group, Inc., which is 100% owned by Dr. Xiaochun Xu.

Content

On June 28, 2022, Boyalife Asset Holding II, Inc. converted an aggregate of $3,000,000 of outstanding principal and interest under a Second Amended and Restated Convertible Promissory Note issued by Issuer in April 2018. After giving effect to the conversion, as of the date of this Form 4, there was $7,000,000 in principal and approximately $700,000 in accrued interest outstanding under the Convertible Promissory Note, all of which is convertible at a current conversion price of $0.2843 per share, subject to downward adjustment in the event that the Issuer issues shares of common stock at a lower price. Boyalife Asset Holding II, Inc. is 100% owned by Boyalife Group, Inc., which is 100% owned by Dr. Xiaochun Xu.