Provectus (PVCT) CEO reports $30K 8% convertible note on Form 4

Rhea-AI Filing Summary

Provectus Biopharmaceuticals, Inc. (PVCT) reported an insider financing transaction by CEO and director Edward Pershing. On 11/20/2025, Pershing acquired an 8% unsecured convertible promissory note with a principal amount of $30,000, convertible into Series D-1 Convertible Preferred Stock at $2.862 per share. This allows voluntary conversion of the note’s outstanding principal and interest into Series D-1 Preferred at that price while the note is outstanding, and it will automatically convert into preferred shares twelve months after the issue date.

Each share of Series D-1 Preferred is convertible into 10 shares of PVCT common stock. The Series D-1 Preferred will automatically convert into common stock on June 26, 2026, unless converted earlier under its terms. The transaction is part of the issuer’s 2025 financing.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pershing Edward

(Last) (First) (Middle)

800 S. GAY STREET,

SUITE 1610

(Street)

KNOXVILLE TN 37929

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PROVECTUS BIOPHARMACEUTICALS, INC. [ PVCT ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
11/20/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
8% Unsecured Convertible Promissory Note	$2.862	11/20/2025		A		$30,000		11/20/2025	11/20/2026	Series D-1 Convertible Preferred Stock(1)(2)	10,483	$0	$1,275,000	D

Explanation of Responses:

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.

2. 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 June 26, 2026, unless earlier converted into Common Stock in accordance with the terms of the Certificate of Designation for the Series D-1 Preferred Stock.

	/s/ Edward Pershing	11/21/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did PVCT report for its CEO on Form 4?

PVCT reported that CEO and director Edward Pershing acquired an 8% unsecured convertible promissory note with a principal amount of $30,000 on 11/20/2025, as part of the company’s 2025 financing.

What are the key terms of the 8% unsecured convertible promissory note in PVCT?

The note bears 8% interest and allows Pershing to convert outstanding principal and interest into Series D-1 Convertible Preferred Stock at a price of $2.862 per share at any time while the note is outstanding. It will automatically convert into Series D-1 Preferred twelve months after its issue date.

How many preferred shares can the PVCT note convert into and at what price?

The Form 4 shows 10,483 shares of Series D-1 Convertible Preferred Stock underlying the note, with a conversion price of $2.862 per preferred share when converting the note’s principal and interest.

How does PVCT’s Series D-1 Convertible Preferred Stock convert into common stock?

Each share of Series D-1 Preferred Stock is convertible into 10 shares of Provectus common stock. The Series D-1 Preferred will automatically convert into common stock on June 26, 2026, unless it is converted earlier under the terms of its Certificate of Designation.

When will the PVCT note and preferred stock automatically convert if no early action is taken?

The outstanding principal and interest of the note will automatically convert into Series D-1 Preferred Stock at $2.862 per share on the date that is twelve months after the issue date. The Series D-1 Preferred will then automatically convert into common stock on June 26, 2026, unless converted earlier.

What is the relationship of the reporting person to Provectus Biopharmaceuticals (PVCT)?

The reporting person, Edward Pershing, is both a director and an officer of PVCT, serving as CEO, and filed the Form 4 as a single reporting person.