NEW ENTERPRISE ASSOCIATES 10 L P - 02 Jul 2021 Form 4 Insider Report for CVRx, Inc. (CVRX)

Role
10%+ Owner
Signature
/s/ Sasha Keough, attorney-in-fact
Issuer symbol
CVRX
Transactions as of
02 Jul 2021
Net transactions value
+$4,059,000
Form type
4
Filing time
07 Jul 2021, 16:47:06 UTC
Previous filing
29 Jun 2021
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 +58,175 58,175 02 Jul 2021 Direct F1
transaction CVRX Common Stock Conversion of derivative security +57,241 +98% 115,416 02 Jul 2021 Direct F1
transaction CVRX Common Stock Conversion of derivative security +71,077 +62% 186,493 02 Jul 2021 Direct F1
transaction CVRX Common Stock Conversion of derivative security +80,178 +43% 266,671 02 Jul 2021 Direct F1
transaction CVRX Common Stock Conversion of derivative security +83,396 +31% 350,067 02 Jul 2021 Direct F1
transaction CVRX Common Stock Conversion of derivative security +253,605 +72% 603,672 02 Jul 2021 Direct F1
transaction CVRX Common Stock Conversion of derivative security +1,196,911 +198% 1,800,583 02 Jul 2021 Direct F2
transaction CVRX Common Stock Purchase $4,059,000 +225,500 +13% $18.00 2,026,083 02 Jul 2021 Direct

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 A-2 Preferred Stock Conversion of derivative security $0 -2,300,708 -100% $0.000000* 0 02 Jul 2021 Common Stock 58,175 Direct F1, F3
transaction CVRX Series B-2 Preferred Stock Conversion of derivative security $0 -2,263,778 -100% $0.000000* 0 02 Jul 2021 Common Stock 57,241 Direct F1, F3
transaction CVRX Series C-2 Preferred Stock Conversion of derivative security $0 -2,810,950 -100% $0.000000* 0 02 Jul 2021 Common Stock 71,077 Direct F1, F3
transaction CVRX Series D-2 Preferred Stock Conversion of derivative security $0 -3,170,896 -100% $0.000000* 0 02 Jul 2021 Common Stock 80,178 Direct F1, F3
transaction CVRX Series E-2 Preferred Stock Conversion of derivative security $0 -3,298,154 -100% $0.000000* 0 02 Jul 2021 Common Stock 83,396 Direct F1, F3
transaction CVRX Series F-2 Preferred Stock Conversion of derivative security $0 -10,029,566 -100% $0.000000* 0 02 Jul 2021 Common Stock 253,605 Direct F1, F3
transaction CVRX Series G Preferred Stock Conversion of derivative security $0 -18,934,168 -100% $0.000000* 0 02 Jul 2021 Common Stock 1,196,911 Direct 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 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 Series F-2 Convertible Preferred Stock automatically converted into shares of common stock at a rate of 1-for-0.025857287.
F2 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.
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.