Perceptive Credit Advisors, LLC - Apr 21, 2023 Form 4 Insider Report for CHEMBIO DIAGNOSTICS, INC. (CEMI)

Role
10%+ Owner
Signature
/s/ Joseph Edelman for Perceptive Credit Advisors LLC, By: Joseph Edelman, its managing member
Stock symbol
CEMI
Transactions as of
Apr 21, 2023
Transactions value $
$109,411
Form type
4
Date filed
4/25/2023, 08:02 PM
Previous filing
Apr 20, 2023
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CEMI Common Stock Purchase $31.4K +70.2K +1.43% $0.45 4.99M Apr 21, 2023 See footnote F3
transaction CEMI Common Stock Purchase $17.8K +39.5K +0.79% $0.45 5.03M Apr 24, 2023 See footnote F1, F3
transaction CEMI Common Stock Purchase $60.2K +134K +2.66% $0.45 5.16M Apr 25, 2023 See footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.448 to $0.45, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges of the prices reported.
F2 The price reported is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $0.4489 to $0.46, inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges of the prices reported.
F3 The securities are directly held by Perceptive Credit Holdings II, L.P. (the "Credit Fund"). Perceptive Credit Opportunities GP, LLC is the general partner of the Credit Fund, and Perceptive Credit Advisors LLC ("Credit Advisor") serves as the investment manager of the Credit Fund and as a relying advisor under Perceptive Advisors LLC (the "Advisor"). Joseph Edelman is the managing member of Credit Advisor and the Advisor. The Credit Advisor, the Advisor, and Mr. Edelman disclaim, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of its or his indirect pecuniary interest therein, and this report shall not be deemed an admission that the Credit Advisor or Mr. Edelman is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.