Funicular Funds, LP - Jul 1, 2022 Form 4 Insider Report for ARCA biopharma, Inc. (ABIO)

Signature
/s/ Jacob Ma-Weaver
Stock symbol
ABIO
Transactions as of
Jul 1, 2022
Transactions value $
$0
Form type
4
Date filed
7/8/2022, 07:17 PM
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABIO Common Stock Other $0 -2.58M -50% $0.00 2.58M Jul 1, 2022 By the Funicular Fund, LP F1, F2
transaction ABIO Common Stock Other $0 +2.58M $0.00 2.58M Jul 1, 2022 Direct F1

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 ABIO Put Option Other $0 -14.5K -100% $0.00* 0 Jul 1, 2022 Common Stock 1.45M $2.50 By the Funicular Fund F1, F2, F3
transaction ABIO Put Option Other $0 +14.5K +1.01% $0.00 1.45M Jul 1, 2022 Common Stock 1.45M $2.50 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This Form 4 is filed by Funicular Funds, LP (the "Reporting Person" or the "Fund"). The Reporting Person, the Funicular Fund ("Funicular"), Cable Car Capital LLC ("Cable Car") and Jacob Ma- Weaver may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. The Reporting Person, Funicular and Cable Car and Mr. Ma-Weaver disclaim beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2 Represents securities directly owned by the Fund. Funicular, as a feeder fund to the Fund, may be deemed to beneficially own the securities directly owned by the Fund. Cable Car, as the general partner of the Fund, may be deemed to beneficially own the securities directly owned by the Fund. Mr. Ma-Weaver, as the Managing Member of Cable Car, may be deemed to beneficially own the securities directly owned by the Fund.
F3 The reported transactions involved a transfer of 2,580,452 shares of the Issuer's Common Stock and European-style put options referencing an aggregate of 1,450,000 Shares by Funicular to the Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.