DST Capital LLC - Jun 17, 2021 Form 4 Insider Report for Biostage, Inc. (BSTG)

Role
10%+ Owner
Signature
/s/ Chad Porter, by power of attorney
Stock symbol
BSTG
Transactions as of
Jun 17, 2021
Transactions value $
$300,000
Form type
4
Date filed
6/21/2021, 07:30 PM
Next filing
Sep 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BSTG Common Stock Purchase $300K +150K +5% $2.00 3.15M Jun 17, 2021 Direct F1
holding BSTG Common Stock 30.7K Jun 17, 2021 Owned by sole member of reporting person

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 BSTG Warrant (right to buy) Purchase +75K 75K Jun 17, 2021 Common Stock 75K $2.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On June 17, 2021, the Issuer and the Reporting Person entered into a securities purchase agreement (the "Purchase Agreement") pursuant to which the Reporting Person acquired from the Issuer in a private placement: (i) 150,000 shares of the Issuer's common stock, $0.01 par value (collectively, the "Shares"); and (ii) warrants to purchase up to 75,000 shares of common stock with an exercise price of $2.00 per share (the "Warrants"). The aggregate subscription amount paid by the Reporting Person for the Shares and Warrants acquired by it pursuant to the Purchase Agreement was $300,000.