Shannon Ralston - 14 May 2024 Form 3 Insider Report for Kiromic Biopharma, Inc. (KRBPQ)

Role
10%+ Owner
Signature
/s/ Shannon Ralston
Issuer symbol
KRBPQ
Transactions as of
14 May 2024
Net transactions value
$0
Form type
3
Filing time
22 May 2024, 17:03:29 UTC
Next filing
04 Jun 2024
SEC
View on sec.gov

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
holding KRBP Series C Convertible Voting Preferred Stock 14 May 2024 Common Stock 2,783,140 $6.50 See Footnote F1, F2
holding KRBP Series D Convertible Voting Preferred Stock 14 May 2024 Common Stock 3,438,904 $2.50 See Footnote F2, F3
holding KRBP $2,400,000 Senior Secured Convertible Note 14 May 2024 Common Stock 451,538 $6.50 See Footnote F2, F4
holding KRBP $2,400,000 Senior Secured Convertible Note 14 May 2024 Common Stock 444,045 $6.50 See Footnote F2, F4
holding KRBP $2,400,000 Senior Secured Convertible Note 14 May 2024 Common Stock 567,258 $5.00 See Footnote F2, F4
holding KRBP $2,400,000 Senior Secured Convertible Note 14 May 2024 Common Stock 556,333 $5.00 See Footnote F2, F4
holding KRBP $2,400,000 Senior Secured Convertible Note 14 May 2024 Common Stock 1,089,333 $2.50 See Footnote F2, F4
holding KRBP $2,000,000 Senior Secured Convertible Note 14 May 2024 Common Stock 823,889 $2.50 See Footnote F2, F4
holding KRBP $2,000,000 Senior Secured Convertible Note 14 May 2024 Common Stock 808,333 $2.50 See Footnote F2, F4
holding KRBP $1,239,703 Senior Secured Convertible Note 14 May 2024 Common Stock 280,887 $4.41 See Footnote F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person holds 14,000 shares of Series C Convertible Voting Preferred Stock which is convertible immediately into 2,783,140 shares of common stock and is subject to a 19.99% blocker.
F2 Through S.hield Cap1tal Funding LLC.
F3 The Reporting Person holds 8,000 shares of Series D Convertible Voting Preferred Stock is convertible immediately into 3,483,904 shares of common stock and is subject to a 19.99% blocker.
F4 The Senior Secured Convertible Notes bear interest at 25% and are subject to a 19.99% blocker.
F5 The Reporting Person holds a $1,239,703 Senior Secured Convertible Note which was previously comprised of accrued interest on convertible notes exchanged into Series C and D Convertible Voting Preferred Stock. The note is convertible into shares of common stock immediately at the request of the Reporting Person and there is no expiration to this conversion right. The note is subject to a 19.99% blocker.