Rosalind Advisors, Inc. - Jun 23, 2021 Form 4 Insider Report for DELCATH SYSTEMS, INC. (DCTH)

Role
Director
Signature
/s/ Steven Salamon, President, Rosalind Advisors, Inc.
Stock symbol
DCTH
Transactions as of
Jun 23, 2021
Transactions value $
$0
Form type
4
Date filed
6/25/2021, 07:29 PM
Next filing
Jul 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DCTH Common Shares Conversion of derivative security +877K 407K Jun 23, 2021 By Rosalind Advisors, Inc., the advisor to the Rosalind Funds F1, F2, F5
transaction DCTH Common Shares Other -877K -68.34% 407K Jun 24, 2021 By Rosalind Advisors, Inc., the advisor to the Rosalind Funds F1, F3, F4, F5

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 DCTH Series E Convertible Preferred Stock Conversion of derivative security $0 -7.56K -73.34% $0.00 2.75K Jun 23, 2021 Common Stock 756K By Rosalind Advisors, Inc., the advisor to the Rosalind Funds F1, F3
transaction DCTH Series E-1 Convertible Preferred Stock Conversion of derivative security $0 -1.12K -49.67% $0.00 1.14K Jun 24, 2021 Common Stock 112K By Rosalind Advisors, Inc., the advisor to the Rosalind Funds F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series E Convertible Preferred Stock converted into Delcath Systems, Inc. Common Stock on a 100-for-1 basis.
F2 The Series E-1 Convertible Preferred Stock converted into Delcath Systems, Inc. Common Stock on a 100-for-1 basis.
F3 Rosalind Opportunities Fund I L.P., by its General Partner, converted 7,561 Series E Preferred Stock and 1,122 Series E-1 Preferred Stock on a 100-for-1 basis over a 3-day period for a total of 877,379 Delcath Systems, Inc. Common Stock. In conjunction with the conversion, the Reporting Person undertook a pro-rata in-kind distribution of common shares to its limited partners and such pro-rata in-kind distribution is not a purchase or sale. All rights and ownership of the converted common shares are transferred to its partners immediately following the conversion.
F4 Includes 406,500 previously reported as of March 31, 2021 in accordance with Form 3 filing indirectly owned by the Reporting Person as Officer(s) of Rosalind Advisors, Inc., the advisor to Rosalind Opportunities Fund I L.P. and Rosalind Master Fund L.P., collectively, the "Rosalind Funds".
F5 Each Reporting Persons disclaims beneficial ownership over the shares except to the extent of his or its respective pecuniary interest therein.