Ekso Bionics (EKSO) insider Daniel Asher details ownership stake
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Daniel Asher has filed an initial Form 3 as a 10% owner of Ekso Bionics Holdings, Inc.. He reports beneficial ownership of Ekso common stock and a significant preferred position that can convert into additional common shares.
Asher directly owns 165,000 shares of common stock and indirectly owns 156,763 common shares through DBA Trading, LLC, where he is the beneficial owner with voting and dispositive power. He also indirectly holds Convertible Preferred Stock that is exercisable into 355,961 shares of common stock at a conversion price of $8.22 per share through the Daniel Asher Descendants Trust, where he is the grantor and controls voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
ASHER DANIEL
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Convertible Preferred Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Convertible Preferred Stock — 355,961 shares (Indirect, By Daniel Asher Descendants Trust);
Common Stock — 165,000 shares (Direct);
Common Stock — 156,763 shares (Indirect, by DBA Trading, LLC)
Footnotes (1)
- Daniel Asher is the beneficial owner of DBA Trading, LLC and deemed to control share voting and dispositive power over the shares held by them. Daniel Asher is the grantor of Daniel Asher Descendants Trust and deemed to control share voting and dispositive power over the shares held by them. None
FAQ
What does Daniel Asher’s Form 3 filing for EKSO show?
The Form 3 shows that Daniel Asher is a 10% owner of Ekso Bionics. He reports direct and indirect ownership of common stock and convertible preferred stock that can be turned into additional common shares, outlining his total beneficial stake at the reporting date.
What is the Daniel Asher Descendants Trust’s EKSO position?
The Daniel Asher Descendants Trust holds Ekso Bionics convertible preferred stock. This security is exercisable into 355,961 shares of common stock at a conversion price of $8.22, and Daniel Asher, as grantor, is deemed to control voting and dispositive power over the trust’s holdings.
What type of derivative security linked to EKSO does Daniel Asher report?
He reports holding Ekso Bionics Convertible Preferred Stock as a derivative security. It is exercisable into 355,961 shares of common stock at a stated conversion price of $8.22 per share, and is reported as indirectly owned through the Daniel Asher Descendants Trust structure.
Why is Daniel Asher considered a 10% owner of EKSO?
Combining his direct common shares, indirect common shares through DBA Trading, LLC, and the common stock underlying his convertible preferred holdings, Daniel Asher’s beneficial ownership reaches at least 10%. This threshold status is explicitly indicated by the Form 3’s 10% owner designation.