Iambic Therapeutics CFO converts 61,342 shares
The preferred stock converted automatically one-for-one immediately before completion of Iambic Therapeutics’ initial public offering.
Sentiment and the balance of points
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Rhea-AI Filing Summary
Iambic Therapeutics, Inc. CFO & Chief Corp Dev Ofcr Michael Secora reported the conversion of 61,342 Series B-3 Convertible Preferred Stock shares into 61,342 common shares on October 16, 2026. Each preferred share automatically converted into one common share immediately before completion of the issuer’s initial public offering. Afterward, his reported direct holdings were 279,902 common shares, and his reported preferred-stock holdings were zero.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B-3 Convertible Preferred Stock F1 | 61,342 | $0.00 | $0.00 |
| Conversion | Common Stock F1 | 61,342 | -- | -- |
Footnotes (1)
- F1. Each share of Series B-3 Convertible Preferred Stock automatically converted into Common Stock on a one-to-one basis immediately prior to the completion of the Issuer's initial public offering of Common Stock and had no expiration date.
Key Figures
Key Terms
Series B-3 Convertible Preferred Stock financial
one-to-one basis financial
initial public offering financial
FAQ
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How did IAM’s Series B-3 preferred stock convert?
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