Curis CMO converts preferred into common shares
Curis Inc. Chief Medical Officer Ahmed Hamdy converted preferred stock into common shares.
Rhea-AI Filing Summary
Curis Inc. Chief Medical Officer Ahmed Hamdy converted preferred stock into common shares. On March 20, 2026, 50 shares of Series B Convertible Preferred Stock were converted into 66,667 shares of common stock for no additional consideration, leaving no Series B Preferred outstanding for him and 66,667 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
50 shares exercised/converted
Exercise
2 txns
Insider
Hamdy Ahmed MD
Role
CMO
| 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 did Curis (CRIS) CMO Ahmed Hamdy report in this Form 4?
Ahmed Hamdy reported a conversion of preferred stock into common shares. On March 20, 2026, 50 Series B Convertible Preferred shares converted into 66,667 Curis common shares, increasing his direct common stock holdings without an open-market purchase or sale.
What type of security did Curis CMO Hamdy convert into common stock?
He converted Series B Convertible Non-Redeemable Preferred Stock into common stock. Each preferred share automatically converted into 1,333.33 Curis common shares, subject to the Certificate of Designations and Beneficial Ownership Limitations described for the Series B Preferred Stock.
What were the original terms when the Curis Series B Preferred Stock was sold?
Each Series B Preferred share was sold as part of a "Security" unit. Each unit included one Series B Preferred share plus three series of warrants, at a purchase price of $1,000.00 per unit to Ahmed Hamdy, according to the transaction footnote.
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