CBI USA, Inc. - 22 Feb 2023 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: 22 Feb 2023
Net transactions value: -$29,593,600,000,000
Form type: 4
Filing time: 09 Mar 2023, 06:50:54 UTC
Previous filing: 19 Dec 2022
Next filing: 27 Jun 2023
SEC: View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	XCUR	CBI USA, Inc. 1st Bearer-type Interest Unsecured Private	Other	$29,593,600,000,000	-5,440,000	-50%	$5440000.00^*	5,440,000	22 Feb 2023	Common Stock	3,400,000	$1.60	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Reporting Person obtained loan from an affiliate in the form of an exchangeable bond in the principal amount of $5,440,000. Lender will have the option to exchange the note for 3,400,000 shares of Common Stock (at fixed conversion price of $1.60 per share) from three months after issuance to five business days before the maturity date. The Reporting Person intends to repay the note prior to lender exercising the exchange option.

Content

Reporting Person obtained loan from an affiliate in the form of an exchangeable bond in the principal amount of $5,440,000. Lender will have the option to exchange the note for 3,400,000 shares of Common Stock (at fixed conversion price of $1.60 per share) from three months after issuance to five business days before the maturity date. The Reporting Person intends to repay the note prior to lender exercising the exchange option.