Curis Inc (CRIS) director converts Series B preferred into 26,667 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Curis Inc director Marc Rubin converted preferred stock into common shares. On March 20, 2026, he converted 20 shares of Series B Convertible Preferred Stock into 26,667 shares of Common Stock for no additional consideration through an automatic conversion.
Following the conversion, Rubin directly owned 28,108 shares of Curis Common Stock. The preferred shares were originally sold as part of a $1,000.00 "Security" unit that also included Series A, B and C warrants, and converted subject to stated beneficial ownership limitations.
Positive
- None.
Negative
- None.
Insider Trade Summary
20 shares exercised/converted
Mixed
2 txns
Insider
Rubin Marc
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Convertible Preferred Stock | 20 | $0.00 | -- |
| Conversion | Common Stock | 26,667 | $0.00 | -- |
Holdings After Transaction:
Series B Convertible Preferred Stock — 0 shares (Direct);
Common Stock — 28,108 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Curis (CRIS) report in this Form 4?
Curis reported that director Marc Rubin converted 20 shares of Series B Convertible Preferred Stock into 26,667 shares of Common Stock. The conversion occurred automatically on March 20, 2026, for no additional consideration, reflecting a shift from preferred to common equity exposure.
What were the terms of the Curis Series B Preferred Stock conversion for Marc Rubin?
Each share of Series B Convertible Non-Redeemable Preferred Stock automatically converted into 1,333.33 shares of Common Stock at 5 p.m. Eastern Time on March 20, 2026, for no additional consideration, subject to the Certificate of Designations and applicable Beneficial Ownership Limitations.
At what price were the Curis Series B Preferred Securities originally sold to Marc Rubin?
Each Security, consisting of one share of Series B Preferred Stock and associated warrants, was sold to Marc Rubin at a purchase price of $1,000.00 per Security. The unit also included Series A, B and C warrants to purchase additional shares of Curis Common Stock.
Does Marc Rubin retain any Series B Preferred Stock of Curis after this transaction?
The Form 4 shows that following the reported transaction, Marc Rubin held zero shares of Series B Convertible Preferred Stock. The 20 preferred shares reported were fully converted into 26,667 Curis Common Stock shares as part of the automatic conversion on March 20, 2026.
Were there any cash proceeds to Marc Rubin from this Curis stock conversion?
The conversion of the Series B Preferred Stock into Common Stock occurred for no additional consideration, meaning there was no cash paid or received at the time of conversion. The economic change was strictly an exchange of preferred equity for common equity in Curis.