CBI USA, Inc. - Jun 23, 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
Stock symbol
XCUR
Transactions as of
Jun 23, 2023
Transactions value $
-$10,880,000
Form type
4
Date filed
6/27/2023, 06:20 PM
Previous filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XCUR Common Stock Conversion of derivative security -$5.44M -3.4M -80.6% $1.60 818K Jun 23, 2023 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 XCUR CBI USA, Inc. 1st Bearer-type Interest Unsecured Private Conversion of derivative security -$5.44M 0 Jun 23, 2023 Common Stock 3.4M $1.60 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2023, Reporting Person obtained loan from an affiliate ("Lender") in the form of an exchangeable bond in the principal amount of $5,440,000, which represented an obligation to sell. On June 23, 2023, Lender exercised the option to exchange the bond for 3,400,000 shares of Common Stock (at fixed conversion price of $1.60 per share).