[Form 4] PROVECTUS BIOPHARMACEUTICALS, INC. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PROVECTUS BIOPHARMACEUTICALS, INC. CEO Edward Pershing reported acquiring an 8% unsecured convertible promissory note as a derivative security. The note was issued under the company’s 2025 Financing and does not immediately involve common shares, but it can later convert into equity.
The footnotes state that the outstanding principal and interest of the note may be converted into shares of Series D-1 Convertible Preferred Stock at a price per share of $2.862, either voluntarily at any time or automatically twelve months after the issue date. Each Series D-1 Preferred share is in turn convertible into 10 shares of common stock and will automatically convert into common stock on December 31, 2028 unless converted earlier under its terms.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pershing Edward
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | 8% Unsecured Convertible Promissory Note | 0 | $0.00 | -- |
Holdings After Transaction:
8% Unsecured Convertible Promissory Note — 0 shares (Direct)
Footnotes (1)
- The Reporting Person may voluntarily elect to convert the outstanding principal and interest of the 8% unsecured convertible promissory note (the "Note") at any time while the Note is outstanding into shares of Series D-1 Convertible Preferred Stock, par value $0.001 per share ("Series D-1 Preferred Stock") at a price per share equal to $2.862. The outstanding principal and interest of the Note will automatically convert into shares of Series D-1 Preferred Stock at a price per share equal to $2.862 on the date which is twelve months after the issue date of the Note. The Note was issued pursuant to the Issuer's 2025 Financing. 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 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 Preferred Stock.