Robert W. Duggan - Dec 18, 2024 Form 4 Insider Report for PULSE BIOSCIENCES, INC. (PLSE)

Role
Director, 10%+ Owner
Signature
/s/ Kenneth B. Stratton, as Attorney-in-Fact
Stock symbol
PLSE
Transactions as of
Dec 18, 2024
Transactions value $
$58,367,716
Form type
4
Date filed
12/18/2024, 09:36 PM
Previous filing
Dec 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PLSE Common Stock Exercise of in-the-money or at-the-money derivative security $57.1M +5.19M +12.26% $11.00 47.5M Dec 18, 2024 Direct F1
transaction PLSE Common Stock Exercise of in-the-money or at-the-money derivative security $759K +69K +12.3% $11.00 630K Dec 18, 2024 Affiliated Company 1 F1, F2
transaction PLSE Common Stock Exercise of in-the-money or at-the-money derivative security $542K +49.3K +12.3% $11.00 450K Dec 18, 2024 Affiliated Company 2 F1, F3

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 PLSE Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security -2.59M -100% 0 Dec 18, 2024 Common Stock 2.59M $11.00 Direct F4, F5
transaction PLSE Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security -2.59M -100% 0 Dec 18, 2024 Common Stock 2.59M $11.00 Direct F4, F5
transaction PLSE Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security -34.5K -100% 0 Dec 18, 2024 Common Stock 34.5K $11.00 Affiliated Company 1 F2, F4, F5
transaction PLSE Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security -34.5K -100% 0 Dec 18, 2024 Common Stock 34.5K $11.00 Affiliated Company 1 F2, F4, F5
transaction PLSE Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security -24.7K -100% 0 Dec 18, 2024 Common Stock 24.7K $11.00 Affiliated Company 2 F3, F4, F5
transaction PLSE Warrants (right to buy) Exercise of in-the-money or at-the-money derivative security -24.7K -100% 0 Dec 18, 2024 Common Stock 24.7K $11.00 Affiliated Company 2 F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 18, 2024, the Reporting Person exercised warrants to purchase shares of the Issuer's common stock, at an exercise price of $11.00 per share.
F2 Shares and Warrants held by Genius 24C Inc., of which the Reporting Person is the sole shareholder.
F3 Shares and Warrants held by Blazon Corporation, of which the Reporting Person is the sole shareholder.
F4 The Reporting Person acquired the warrants pursuant to the exercise of subscription rights in connection with the Issuer's previously announced rights offering (the "Rights Offering"), as disclosed in the Registration Statement on Form S-3, as amended, and certain Current Reports on Form 8-K filed by the Issuer with the SEC.
F5 Pursuant to the terms of the Rights Offering, the Reporting Person purchased units at a price of $10.00 per unit, with each unit consisting of one share of common stock and two warrants each to purchase one half share of common stock at an exercise price of $11.00 per whole share. The warrants differ only in their redemption provisions.