Kirk G. Nielsen - 02 Jul 2021 Form 4 Insider Report for CVRx, Inc. (CVRX)

Role: Director
Signature: /s/ Amy C. Seidel, Attorney-in-Fact
Issuer symbol: CVRX
Transactions as of: 02 Jul 2021
Net transactions value: $0
Form type: 4
Filing time: 02 Jul 2021, 17:03:02 UTC
Previous filing: 01 Jul 2021
Next filing: 23 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVRX	Common Stock	Conversion of derivative security		+1,461,831			1,461,831	02 Jul 2021	See Footnote	F1, F2

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	CVRX	Series G Preferred Stock	Conversion of derivative security	$0	-23,125,000	-100%	$0.000000^*	0	02 Jul 2021	Common Stock	1,461,831		See Footnote	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Upon the closing of the Issuer's initial public offering, each share of Series G Convertible Preferred Stock automatically converted into shares of common stock at a rate of 1-for-0.0632143218.
F2	These shares are held directly by Vensana Capital I, L.P. ("Vensana I"). The Reporting Person is a Managing Director of Vensana Capital I GP, LLC, the General Partner of Vensana I, and shares voting and dispositive power over the shares held by Vensana I. The Reporting Person disclaims beneficial ownership of all applicable shares except to the extent of his actual pecuniary interest in such shares.
F3	Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of common stock at the then-appliable conversion rate for no additional consideration (subject to the payment of cash in lieu of any fractional shares). The conversion rates reported reflect the conversion ratios under the Issuer's certificate of incorporation, adjusted to give effect to the previously effected 1-for-39.548 reverse stock split of the common stock.