NEA PARTNERS 10 L P - 29 Jun 2021 Form 3 Insider Report for CVRx, Inc. (CVRX)

Role
10%+ Owner
Signature
/s/ Sasha Keough, attorney-in-fact
Issuer symbol
CVRX
Transactions as of
29 Jun 2021
Net transactions value
$0
Form type
3
Filing time
29 Jun 2021, 21:32:17 UTC
Next filing
07 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CVRX Common Stock 1,384 29 Jun 2021 See Note 1 F1

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 CVRX Series A-2 Preferred Stock 29 Jun 2021 Common Stock 58,175 See Note 4 F2, F3, F4
holding CVRX Series B-2 Preferred Stock 29 Jun 2021 Common Stock 57,241 See Note 4 F2, F3, F4
holding CVRX Series B-2 Preferred Stock 29 Jun 2021 Common Stock 14,933 See Note 1 F1, F2, F3
holding CVRX Series C-2 Preferred Stock 29 Jun 2021 Common Stock 71,077 See Note 4 F2, F3, F4
holding CVRX Series C-2 Preferred Stock 29 Jun 2021 Common Stock 9,333 See Note 1 F1, F2, F3
holding CVRX Series D-2 Preferred Stock 29 Jun 2021 Common Stock 80,178 See Note 4 F2, F3, F4
holding CVRX Series D-2 Preferred Stock 29 Jun 2021 Common Stock 10,371 See Note 1 F1, F2, F3
holding CVRX Series E-2 Preferred Stock 29 Jun 2021 Common Stock 83,396 See Note 4 F2, F3, F4
holding CVRX Series F-2 Preferred Stock 29 Jun 2021 Common Stock 253,605 See Note 4 F2, F3, F4
holding CVRX Series F-2 Preferred Stock 29 Jun 2021 Common Stock 19,666 See Note 1 F1, F2, F3
holding CVRX Series G Preferred Stock 29 Jun 2021 Common Stock 1,196,911 See Note 4 F2, F4, F5
holding CVRX Series G Preferred Stock 29 Jun 2021 Common Stock 92,951 See Note 1 F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The securities are directly held by New Enterprise Associates 8A, Limited Partnership ("NEA 8A") and are indirectly held by NEA Partners 10, Limited Partnership ("NEA Partners 10"), the sole general partner of NEA 8A, and Scott D. Sandell, the individual general partner of NEA Partners 10 (NEA Partners 10 and Mr. Sandell, together, the "NEA 8A Indirect Reporting Persons"). The NEA 8A Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 8A in which the NEA 8A Indirect Reporting Persons have no pecuniary interest.
F2 Each share of preferred stock is convertible, at the option of the holder, into shares of common stock at the then-effective conversion ratio for no additional consideration and has no expiration date. The shares of preferred stock will automatically convert 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) upon the closing of the Issuer's initial public offering. 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.
F3 Shares of Series A-2 Convertible Preferred Stock, Series B-2 Convertible Preferred Stock, Series C-2 Convertible Preferred Stock, Series D-2 Convertible Preferred Stock, Series E-2 Convertible Preferred Stock and F-2 Convertible Preferred Stock are convertible into shares of common stock at a rate of 1-for-0.025857287.
F4 The securities are directly held by New Enterprise Associates 10, Limited Partnership ("NEA 10") and indirectly held by NEA Partners 10, the sole general partner of NEA 10, and Scott D. Sandell, the individual general partner of NEA Partners 10 (NEA Partners 10 and Mr. Sandell, together, the "NEA 10 Indirect Reporting Persons"). The NEA 10 Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 10 in which the NEA 10 Indirect Reporting Persons have no pecuniary interest.
F5 Shares of Series G Convertible Preferred Stock are convertible into shares of common stock at a rate of 1-for-0.0632143218.