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

Role: Director, 10%+ Owner
Signature: /s/ Kenneth B. Stratton, as Attorney-in-Fact
Issuer symbol: PLSE
Transactions as of: 18 Dec 2024
Net transactions value: +$58,367,716
Form type: 4
Filing time: 18 Dec 2024, 21:36:26 UTC
Previous filing: 17 Dec 2024
Next filing: 06 Jan 2025
SEC: View on sec.gov

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	$57,066,064	+5,187,824	+12%	$11.00	47,516,541	18 Dec 2024	Direct	F1
transaction	PLSE	Common Stock	Exercise of in-the-money or at-the-money derivative security	$759,220	+69,020	+12%	$11.00	630,109	18 Dec 2024	Affiliated Company 1	F1, F2
transaction	PLSE	Common Stock	Exercise of in-the-money or at-the-money derivative security	$542,432	+49,312	+12%	$11.00	450,189	18 Dec 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		-2,593,912	-100%		0	18 Dec 2024	Common Stock	2,593,912	$11.00	Direct	F4, F5
transaction	PLSE	Warrants (right to buy)	Exercise of in-the-money or at-the-money derivative security		-2,593,912	-100%		0	18 Dec 2024	Common Stock	2,593,912	$11.00	Direct	F4, F5
transaction	PLSE	Warrants (right to buy)	Exercise of in-the-money or at-the-money derivative security		-34,510	-100%		0	18 Dec 2024	Common Stock	34,510	$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		-34,510	-100%		0	18 Dec 2024	Common Stock	34,510	$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		-24,656	-100%		0	18 Dec 2024	Common Stock	24,656	$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		-24,656	-100%		0	18 Dec 2024	Common Stock	24,656	$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.