Form 4: Pershing Edward reports purchase transactions in PVCT
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pershing Edward reported open-market purchase transactions in a Form 4 filing for PVCT. The filing lists transactions totaling 34,940 shares at a weighted average price of $2.86 per share. Following the reported transactions, holdings were 2,613,807 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 34,940 shares ($99,998)
Net Buy
1 txn
Insider
Pershing Edward
Role
CEO
Bought
34,940 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Series D-1 Convertible Preferred Stock | 34,940 | $2.862 | $100K |
Holdings After Transaction:
Series D-1 Convertible Preferred Stock — 2,613,807 shares (Direct)
Footnotes (1)
- The Reporting Person acquired 34,940 shares of Series D-1 Preferred Stock in a private transaction. Each share of Series D-1 Preferred Stock is convertible into 10 shares of the Issuer's common stock, par value $0.001 per share ("Common Stock"). The Series D-1 Convertible Preferred Stock will automatically convert into Common Stock on December 31, 2028, unless earlier converted into Common Stock in accordance with the terms of the Certificate of Designation for the Series D-1 Convertible Preferred Stock.
FAQ
What insider transaction did PVCT CEO Edward Pershing report on this Form 4?
Edward Pershing reported buying 34,940 shares of Series D-1 Convertible Preferred Stock. The shares were acquired in a private transaction on February 9, 2026, at $2.862 per share, increasing his directly held derivative securities to 2,613,807 after the transaction.
At what price did PVCT’s CEO acquire the Series D-1 Convertible Preferred Stock?
The CEO acquired the Series D-1 Convertible Preferred Stock at $2.862 per share. The filing shows a single transaction on February 9, 2026, covering 34,940 preferred shares, all purchased at this price in a private transaction, as noted in the explanatory footnotes.
How many PVCT derivative securities does Edward Pershing own after this transaction?
After the reported transaction, Edward Pershing beneficially owns 2,613,807 derivative securities. This total reflects his holdings of Series D-1 Convertible Preferred Stock following the February 9, 2026 purchase of 34,940 additional shares disclosed in the insider trading report.
How is PVCT’s Series D-1 Convertible Preferred Stock convertible into common stock?
Each share of PVCT’s Series D-1 Convertible Preferred Stock converts into 10 shares of common stock. This fixed conversion rate is specified in the filing’s footnotes, linking each preferred share directly to ten common shares with a par value of $0.001 per share.
When will PVCT’s Series D-1 Convertible Preferred Stock automatically convert into common stock?
The Series D-1 Convertible Preferred Stock will automatically convert into common stock on December 31, 2028. It can also be converted earlier according to the terms in the Certificate of Designation, giving a defined end date for automatic conversion into common shares.
What is Edward Pershing’s role at Provectus Biopharmaceuticals (PVCT)?
Edward Pershing serves as both a director and the CEO of Provectus Biopharmaceuticals, Inc. The Form 4 identifies him as an officer with the title CEO and as a director, while indicating he is not classified as a ten percent owner in this filing.