SCHULER JACK W - 05 Apr 2024 Form 4 Insider Report for BIODESIX INC (BDSX)

Role: Director, 10%+ Owner
Signature: /s/ Robin H. Cowie as Attorney-in-Fact for Jack Schuler
Issuer symbol: BDSX
Transactions as of: 05 Apr 2024
Net transactions value: +$100,004
Form type: 4
Filing time: 09 Apr 2024, 19:35:24 UTC
Previous filing: 18 Jun 2024
Next filing: 22 May 2024
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	BDSX	Series A Non-Voting Convertible Preferred Stock	Award	$100,004	+2,174		$46.00^*	2,174	05 Apr 2024	Common Stock	86,960		By Jack W. Schuler Living Trust	F1, F2

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

Explanation of Responses:

Id	Content
F1	These shares of Series A Non-Voting Convertible Preferred Stock ("Preferred Stock") were issued to the Reporting Person under securities purchase agreements entered into with the Issuer, pursuant to which the Issuer has agreed to submit to its stockholders the approval of the conversion of the Preferred Stock into shares of Common Stock at its 2024 annual meeting of stockholders (the "Conversion Proposal"). Following such approval of the Conversion Proposal, each share of Preferred Stock will automatically convert into 40 shares of Common Stock, subject to certain limitations. The Preferred Stock has no expiration date.
F2	Jack W. Schuler is the sole trustee of the Jack W. Schuler Living Trust.

Content

These shares of Series A Non-Voting Convertible Preferred Stock ("Preferred Stock") were issued to the Reporting Person under securities purchase agreements entered into with the Issuer, pursuant to which the Issuer has agreed to submit to its stockholders the approval of the conversion of the Preferred Stock into shares of Common Stock at its 2024 annual meeting of stockholders (the "Conversion Proposal"). Following such approval of the Conversion Proposal, each share of Preferred Stock will automatically convert into 40 shares of Common Stock, subject to certain limitations. The Preferred Stock has no expiration date.

Jack W. Schuler is the sole trustee of the Jack W. Schuler Living Trust.