CURIS CDO converts preferred into 66,667 shares
CURIS INC CDO Jonathan B. Zung converted preferred stock into common shares.
Rhea-AI Filing Summary
CURIS INC CDO Jonathan B. Zung converted preferred stock into common shares. On March 20, 2026, he converted 50 shares of Series B Convertible Preferred Stock into 66,667 shares of common stock for no additional cash consideration. Following the conversion, he holds 66,667 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
50 shares exercised/converted
Exercise
2 txns
Insider
Zung Jonathan B.
Role
CDO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Convertible Preferred Stock | 50 | $0.00 | $0.00 |
| Conversion | Common Stock | 66,667 | $0.00 | $0.00 |
Holdings After Transaction:
Series B Convertible Preferred Stock — 0 contracts (Direct);
Common Stock — 66,667 shares (Direct)
Footnotes (1)
- F1. Each share of Series B Convertible Non-Redeemable Preferred Stock ("Series B Preferred Stock") automatically converted into 1,333.33 shares of Common Stock, for no additional consideration, at 5 p. m. Eastern Time on March 20, 2026, subject to the terms of the Certificate of Designations, Preferences and Rights of Series B Convertible Non-Redeemable Preferred Stock of Curis, Inc. (the "Certificate of Designations") and subject to the applicable Beneficial Ownership Limitations (as defined in the Certificate of Designations). Each share of Series B Preferred Stock was sold together with a Series A Warrant to purchase 1,333.33 shares of Common Stock, a Series B Warrant to purchase 1,333.33 shares of Common Stock and a Series C Warrant to purchase 1,333.33 shares of Common Stock (collectively, a "Security"). The Securities were sold at a purchase price of $1,000.00 per Security to the Reporting Person.
FAQ
What insider transaction did CURIS INC (CRIS) report for Jonathan B. Zung?
CURIS INC reported that CDO Jonathan B. Zung converted 50 shares of Series B Convertible Preferred Stock into 66,667 shares of common stock. This was a non-cash derivative conversion, increasing his direct common stock holdings to 66,667 shares after the transaction.
Was cash paid in the CRIS insider conversion by Jonathan B. Zung?
No cash was paid in this transaction. Jonathan B. Zung’s 50 shares of Series B Convertible Preferred Stock converted into 66,667 common shares at a stated price of $0.00 per share, reflecting an automatic conversion under the security’s terms.
What security did Jonathan B. Zung convert into CRIS common stock?
He converted shares of Series B Convertible Non-Redeemable Preferred Stock into CURIS INC common stock. Specifically, 50 preferred shares were converted into 66,667 common shares in a derivative conversion classified under transaction code “C” for conversion of derivative security.
How is the CRIS insider transaction by Jonathan B. Zung classified on Form 4?
The transaction is classified as a derivative conversion with transaction code “C”. It reflects the conversion of 50 shares of Series B Convertible Preferred Stock into 66,667 common shares, counted as an acquisition rather than an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.