CBI USA, Inc. - 15 Dec 2022 Form 4 Insider Report for EXICURE, INC. (XCUR)

Role: 10%+ Owner
Signature: CBI USA, INC., By: /s/ Kyungwon Oh Name: Kyungwon Oh, Title: Chief Executive Officer
Issuer symbol: XCUR
Transactions as of: 15 Dec 2022
Net transactions value: +$5,440,000
Form type: 4
Filing time: 19 Dec 2022, 15:54:16 UTC
Previous filing: 31 May 2022
Next filing: 09 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	XCUR	Common Stock	Purchase	$5,440,000	+3,400,000	+415%	$1.60	4,218,299	15 Dec 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On December 15, 2022, the stockholders of Exicure, Inc. approved the purchase by the Reporting Person of 3,400,000 shares of common stock at a price per share of $1.60 pursuant to the Securities Purchase Agreement, dated September 26, 2022. The purchase is expected to close promptly, but no later than January 20, 2023, subject to satisfaction or waiver of remaining conditions. Notwithstanding that the purchase has not closed yet, the Reporting Person may be deemed to beneficially own these shares due to satisfaction of the stockholder approval condition.

Content

On December 15, 2022, the stockholders of Exicure, Inc. approved the purchase by the Reporting Person of 3,400,000 shares of common stock at a price per share of $1.60 pursuant to the Securities Purchase Agreement, dated September 26, 2022. The purchase is expected to close promptly, but no later than January 20, 2023, subject to satisfaction or waiver of remaining conditions. Notwithstanding that the purchase has not closed yet, the Reporting Person may be deemed to beneficially own these shares due to satisfaction of the stockholder approval condition.