Provectus (PVCT) director granted Series D-1 convertible preferred stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Provectus Biopharmaceuticals director Bailey Webster received a grant of 48,917 shares of Series D-1 Convertible Preferred Stock. The shares were acquired on June 30, 2026 at a stated price of $0.00 per share as a grant or award, not an open-market transaction.
Each share of Series D-1 Preferred Stock is convertible into 10 shares of Provectus common stock. The Series D-1 Preferred Stock will automatically convert into common stock on December 31, 2028, unless converted earlier under the terms of its Certificate of Designation. Following this grant, Webster directly holds 207,535 shares of Series D-1 Preferred Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Bailey Webster
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series D-1 Convertible Preferred Stock | 48,917 | $0.00 | -- |
Holdings After Transaction:
Series D-1 Convertible Preferred Stock — 207,535 shares (Direct, null)
Footnotes (1)
- 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.
Key Figures
Preferred shares granted: 48,917 shares
Grant price per share: $0.00 per share
Underlying common shares: 489,170 shares
+3 more
6 metrics
Preferred shares granted
48,917 shares
Series D-1 Convertible Preferred Stock granted on June 30, 2026
Grant price per share
$0.00 per share
Series D-1 Convertible Preferred Stock award
Underlying common shares
489,170 shares
Common stock underlying the 48,917 preferred shares
Total preferred holdings after grant
207,535 shares
Series D-1 Convertible Preferred Stock held directly after transaction
Conversion ratio
10 common per preferred share
Series D-1 Convertible Preferred Stock terms
Automatic conversion date
December 31, 2028
Scheduled automatic conversion of Series D-1 into common stock
Key Terms
Series D-1 Convertible Preferred Stock, automatic convert, Certificate of Designation, par value
4 terms
Series D-1 Convertible Preferred Stock financial
"Each share of Series D-1 Preferred Stock is convertible into 10 shares of common stock."
automatic convert financial
"The Series D-1 Convertible Preferred Stock will automatically convert into Common Stock on December 31, 2028."
Certificate of Designation regulatory
"Converted into Common Stock in accordance with the terms of the Certificate of Designation."
A certificate of designation is a formal document that spells out the specific rights and rules attached to a particular class or series of stock, usually preferred shares. Think of it as a rulebook or menu that lists dividend terms, liquidation priority, conversion or redemption rights and any special voting protections; investors use it to judge how much income, control or downside protection those shares will provide compared with other securities.
par value financial
"Common stock, par value $0.001 per share."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
FAQ
What insider transaction did Provectus Biopharmaceuticals (PVCT) disclose for Bailey Webster?
Provectus Biopharmaceuticals reported that director Bailey Webster received a grant of 48,917 shares of Series D-1 Convertible Preferred Stock. The award was recorded on June 30, 2026 at a stated price of $0.00 per share as a grant or other acquisition, not a market trade.
What is the conversion ratio for Provectus (PVCT) Series D-1 Convertible Preferred Stock?
Each share of Provectus Series D-1 Convertible Preferred Stock is convertible into 10 shares of the company’s common stock. This fixed 10-for-1 conversion ratio is specified in the filing and governs how many common shares the preferred stock becomes upon conversion under its terms.
When will Provectus (PVCT) Series D-1 Convertible Preferred Stock automatically convert?
The Series D-1 Convertible Preferred Stock will automatically convert into Provectus common stock on December 31, 2028. It may also be converted earlier into common stock in accordance with the Certificate of Designation terms that govern this preferred series and its conversion mechanics.
Was Bailey Webster’s Provectus (PVCT) preferred stock transaction a purchase or a grant?
The transaction was a grant or award acquisition, coded as “A” on the Form 4. The filing lists 48,917 shares of Series D-1 Convertible Preferred Stock acquired at a stated price of $0.00 per share, indicating a compensation-related award rather than a cash market purchase.