Jeffrey Busch - Dec 31, 2024 Form 4 Insider Report for IMAC Holdings, Inc. (BACK)

Role
Director
Signature
/s/ Jeffrey Busch
Stock symbol
BACK
Transactions as of
Dec 31, 2024
Transactions value $
$0
Form type
4
Date filed
1/2/2025, 04:27 PM
Previous filing
Oct 7, 2024
Next filing
Feb 27, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BACK Common Stock, no par value Award +3.33K 3.33K Dec 31, 2024 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
holding BACK Series C-1 Convertible Preferred Stock 265 Dec 31, 2024 Common Stock $2.56 Direct F2, F3, F4, F5
holding BACK Series E Convertible Preferred Stock 1.64K Dec 31, 2024 Common Stock $3.64 Direct F2, F6, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received shares of common stock granted under the Issuer's 2018 Incentive Compensation Plan constituting annual board compensation with respect Reporting Person's service as a director during 2024.
F2 The conversion price is subject to adjustment from time to time.
F3 The shares of Series C-1 Preferred Convertible Preferred Stock, par value $0.001 per share (the "Series C-1 Preferred Stock") are immediately convertible into shares of the Issuer's common stock, par value $0.001 per share (the "Common Stock").
F4 The Series C-1 Preferred Stock is perpetual and therefore has no expiration.
F5 Currently, holders of Series C-1 Preferred Stock receive quarterly dividends in the form of an increase in the stated value of their shares of Series C-1 Preferred Stock until the Issuer obtains stockholder approval to issue dividends in the form of shares of Common Stock. Accordingly, the number of shares of Common Stock underlying the Series C-1 Preferred Stock held by the Reporting Person changes quarterly. However, the Series C-1 Preferred Stock is subject to a beneficial ownership cap that prohibits the conversion of the Series C-1 Preferred Stock into shares of Common Stock to the extent that such conversion would cause the reporting person's beneficial ownership, together with its affiliates, to exceed 9.99%.
F6 The shares of Series E Preferred Convertible Preferred Stock, par value $0.001 per share (the "Series E Preferred Stock") are immediately convertible into shares of the Common Stock.
F7 The Series E Preferred Stock is perpetual and therefore has no expiration.
F8 Currently, holders of Series E Preferred Stock receive quarterly dividends in the form of an increase in the stated value of their shares of Series E Preferred Stock until the Issuer obtains stockholder approval to issue dividends in the form of shares of Common Stock. Accordingly, the number of shares of Common Stock underlying the Series E Preferred Stock held by the Reporting Person changes quarterly. However, the Series E Preferred Stock is subject to a beneficial ownership cap that prohibits the conversion of the Series E Preferred Stock into shares of Common Stock to the extent that such conversion would cause the reporting person's beneficial ownership, together with its affiliates, to exceed 9.99%.