[Form 3] Profusa, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Profusa, Inc. (PFSA) – Form 3 initial insider statement.

On 07/11/2025 Chief Executive Officer and Director Ben C. Hwang, Ph.D. reported beneficial ownership of the company’s common stock. He directly owns 477,342 shares and indirectly controls 366,886 shares held by his spouse, for a combined stake of 844,228 shares. No derivative securities were listed.

The filing formally establishes Hwang’s Section 16 insider status and indicates meaningful management alignment with shareholders. No transactions or amendments were disclosed, so immediate market impact is expected to be limited.

Positive

• CEO and Director holds 844,228 common shares, reflecting meaningful insider commitment to Profusa’s performance.

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine Form 3—CEO owns 844k PFSA shares; signals insider alignment but little near-term price impact.

This disclosure simply records Ben Hwang’s initial ownership as Profusa prepares for or recently completed a public listing. The aggregate position is sizable for an executive, though its materiality depends on total shares outstanding, which is not provided. Because no purchase or sale occurred, the filing is largely administrative, yet it confirms that leadership has personal capital at risk. Absence of derivative instruments reduces complexity and governance risk. Overall, the news is neutral to modestly positive and unlikely to move the stock on its own.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Hwang Ben Chung-Bin

(Last) (First) (Middle)

626 BANCROFT WAY, SUITE A

(Street)

BERKELEY, CA 94710

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/11/2025

3. Issuer Name and Ticker or Trading Symbol
Profusa, Inc. [ PFSA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	477,342	D
Common Stock	366,886	I	See remarks below

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

366,886 shares held by Samantha Chiu, the spouse of Ben Hwang, Ph.D

	/s/ Ben C. Hwang	07/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many Profusa (PFSA) shares does CEO Ben Hwang own in total?

The Form 3 shows 844,228 common shares beneficially owned.

What portion of Ben Hwang’s PFSA stake is held directly versus indirectly?

He owns 477,342 shares directly and 366,886 shares indirectly through his spouse.

What positions does Ben Hwang hold at Profusa?

He is both Chief Executive Officer and a Director of the company.

Were any derivative securities or options reported in this Form 3?

No; the filing lists no derivative securities owned by the reporting person.

Why was the Form 3 filed on 07/21/2025?

SEC rules require insiders to file an initial ownership statement within 10 days of becoming a Section 16 insider; the event date was 07/11/2025.