Conexeu director exercises warrants for 217K shares
Conexeu Sciences Inc. (CNXU) insider Lynn Sebastian Purcell, through OnePointTwo Capital Ventures LLC, exercised warrants to acquire 217,608 shares of common stock at $2.30 per share on September 4, 2026.
Rhea-AI Filing Summary
Conexeu Sciences Inc. (CNXU) insider Lynn Sebastian Purcell, through OnePointTwo Capital Ventures LLC, exercised warrants to acquire 217,608 shares of common stock at $2.30 per share on September 4, 2026. The amendment clarifies that the same 217,608 warrants were disposed of upon exercise, correcting a prior coding error. After the transaction, entities managed by OnePointTwo Capital Management LLC hold 2,951,848 shares of common stock and 407,392 warrants indirectly attributable to Purcell, who may be deemed a beneficial owner but disclaims beneficial ownership beyond any pecuniary interest. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
217,608 shares exercised/converted
Exercise
2 txns
Insider
Purcell Lynn Sebastian
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| In-the-Money Exercise | Warrant F4, F3 | 217,608 | $0.001 | $217.61 |
| In-the-Money Exercise | Common Stock F1, F2 | 217,608 | $2.30 | $500K |
Holdings After Transaction:
Warrant — 407,392 contracts (Indirect, By OnePointTwo Capital Ventures LLC);
Common Stock — 2,951,848 shares (Indirect, By OnePointTwo Capital Ventures LLC)
Footnotes (4)
- F1. The 217,608 shares of common stock acquired in Table I and the 217,608 warrants disposed of in Table II represent the exercise on September 4, 2026 of warrants held by OnePointTwo Capital Ventures LLC to purchase 217,608 shares of common stock at an exercise price of $2.30 per share.
- F2. The 2,951,848 shares of common stock reported in Table I, Column 5 are held by OnePointTwo Capital Ventures LLC and OnePointTwo Capital Ventures II LLC. OnePointTwo Capital Management LLC serves as manager of OnePointTwo Capital Ventures LLC and OnePointTwo Capital Ventures II LLC. As the managing member of OnePointTwo Capital Management LLC, Lynn Sebastian Purcell has voting and investment power over the securities held by each such entity and may therefore be deemed to beneficially own such securities. Lynn Sebastian Purcell disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any.
- F3. The 407,392 warrants reported in Table II, Column 9 are held by OnePointTwo Capital Ventures LLC. OnePointTwo Capital Management LLC serves as manager of OnePointTwo Capital Ventures LLC and OnePointTwo Capital Ventures II LLC. As the managing member of OnePointTwo Capital Management LLC, Lynn Sebastian Purcell has voting and investment power over the securities held by each such entity and may therefore be deemed to beneficially own such securities. Lynn Sebastian Purcell disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein, if any.
- F4. This Form 4 amendment is being filed solely to correct Table II, Column 5 of the Form 4 filed on September 9, 2026, which inadvertently reported the 217,608 warrants exercised on September 4, 2026 as acquired rather than disposed of. Except as expressly set forth herein, this Form 4 amendment does not amend or otherwise modify the Form 4 filed on September 9, 2026.
Key Figures
Warrants exercised: 217,608 warrants
Exercise price: $2.30 per share
Common stock acquired: 217,608 shares
+4 more
7 metrics
Warrants exercised
217,608 warrants
Exercised on September 4, 2026 to purchase common stock
Exercise price
$2.30 per share
Exercise price of warrants for 217,608 CNXU shares
Common stock acquired
217,608 shares
Shares of CNXU common stock received upon warrant exercise
Common stock indirectly held after transaction
2,951,848 shares
Indirect holdings via OnePointTwo Capital Ventures LLC and II LLC
Warrants indirectly held after transaction
407,392 warrants
Remaining warrants held by OnePointTwo Capital Ventures LLC
Warrant expiration date
May 12, 2029
Expiration date of the reported warrants
Director and ten percent owner status
1 reporting person
Lynn Sebastian Purcell is a director and ten percent owner
Key Terms
Form 4 amendment, warrants, derivative security, beneficially own, +1 more
5 terms
Form 4 amendment regulatory
"This Form 4 amendment is being filed solely to correct Table II"
warrants financial
"The 217,608 warrants disposed of in Table II represent the exercise"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
derivative security financial
"Exercise of in-the-money or at-the-money derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
beneficially own financial
"may therefore be deemed to beneficially own such securities"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CNXU report in this Form 4/A amendment?
The filing reports that 217,608 warrants held by OnePointTwo Capital Ventures LLC were exercised on September 4, 2026 to acquire 217,608 shares of Conexeu Sciences Inc. common stock at an exercise price of $2.30 per share.
Why was the CNXU Form 4 amended for Lynn Sebastian Purcell?
The amendment states that Table II of the earlier Form 4 incorrectly reported 217,608 warrants as acquired rather than disposed of. This Form 4/A corrects Column 5 to show those warrants were disposed of in connection with the September 4, 2026 exercise.
What warrants remain for the insider’s affiliated entity in CNXU after the exercise?
Following the September 4, 2026 exercise, 407,392 warrants to purchase Conexeu Sciences Inc. common stock are reported as held by OnePointTwo Capital Ventures LLC, with voting and investment power attributed through OnePointTwo Capital Management LLC.
Was the CNXU insider transaction made under a Rule 10b5-1 trading plan?
No. The filing’s checkbox indicates no Rule 10b5-1 trading plan applies to these transactions, and the footnotes do not describe any pre-arranged trading arrangement for the September 4, 2026 warrant exercise.
How is Lynn Sebastian Purcell’s beneficial ownership in CNXU described?
The filing explains that as managing member of OnePointTwo Capital Management LLC, Lynn Sebastian Purcell may be deemed to beneficially own the securities held by the managed entities, but he disclaims beneficial ownership except to the extent of his pecuniary interest, if any.
AI-generated analysis. How Rhea-AI works. Not financial advice.
