Curis (CRIS) CEO converts Series B preferred stock into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Curis Inc. reported that President & CEO James E. Dentzer converted preferred shares into common stock. On March 20, 2026, he converted 100 shares of Series B Convertible Non-Redeemable Preferred Stock into 133,333 shares of common stock for no additional consideration through an automatic conversion.
After the conversion, Dentzer directly owned 148,730 shares of Curis common stock. Each Series B preferred share converted into 1,333.33 common shares, consistent with the terms described in the related certificate of designations and subject to specified beneficial ownership limitations.
Positive
- None.
Negative
- None.
Insider Trade Summary
100 shares exercised/converted
Mixed
2 txns
Insider
Dentzer James E
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Convertible Preferred Stock | 100 | $0.00 | -- |
| Conversion | Common Stock | 133,333 | $0.00 | -- |
Holdings After Transaction:
Series B Convertible Preferred Stock — 0 shares (Direct);
Common Stock — 148,730 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Curis (CRIS) report for James E. Dentzer?
Curis reported that President & CEO James E. Dentzer converted 100 shares of Series B Convertible Preferred Stock into 133,333 shares of common stock. This was recorded as a derivative conversion and not as an open-market purchase or sale of Curis shares.
Was cash paid in the Curis (CRIS) insider conversion on March 20, 2026?
No new cash was paid in this transaction. The 100 Series B preferred shares automatically converted into 133,333 common shares for no additional consideration, in line with the certificate of designations and the applicable beneficial ownership limitations governing the preferred stock.
What is the conversion rate of Curis (CRIS) Series B Convertible Preferred Stock?
Each share of Curis Series B Convertible Non-Redeemable Preferred Stock converts into 1,333.33 shares of common stock. This rate is specified in the certificate of designations that governs the Series B preferred shares and applied to the March 20, 2026 automatic conversion.
How is the Curis (CRIS) insider transaction classified on the Form 4?
The transaction is classified as a derivative conversion with code “C,” indicating conversion of a derivative security. Internally it is labeled as an acquisition direction, reflecting that the reporting person received additional common shares through conversion rather than through an open-market buy transaction.