Nea Partners 10 L P - Jul 2, 2021 Form 4 Insider Report for CVRx, Inc. (CVRX)

Role
10%+ Owner
Signature
/s/ Sasha Keough, attorney-in-fact
Stock symbol
CVRX
Transactions as of
Jul 2, 2021
Transactions value $
$4,504,500
Form type
4
Date filed
7/7/2021, 04:47 PM
Previous filing
Jun 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVRX Common Stock Conversion of derivative security +58.2K 58.2K Jul 2, 2021 See Note 2 F1, F2
transaction CVRX Common Stock Conversion of derivative security +57.2K +98.39% 115K Jul 2, 2021 See Note 2 F1, F2
transaction CVRX Common Stock Conversion of derivative security +71.1K +61.58% 186K Jul 2, 2021 See Note 2 F1, F2
transaction CVRX Common Stock Conversion of derivative security +80.2K +42.99% 267K Jul 2, 2021 See Note 2 F1, F2
transaction CVRX Common Stock Conversion of derivative security +83.4K +31.27% 350K Jul 2, 2021 See Note 2 F1, F2
transaction CVRX Common Stock Conversion of derivative security +254K +72.44% 604K Jul 2, 2021 See Note 2 F1, F2
transaction CVRX Common Stock Conversion of derivative security +1.2M +198.27% 1.8M Jul 2, 2021 See Note 2 F2, F3
transaction CVRX Common Stock Purchase $4.06M +226K +12.52% $18.00 2.03M Jul 2, 2021 See Note 2 F2
transaction CVRX Common Stock Conversion of derivative security +14.9K +1078.97% 16.3K Jul 2, 2021 See Note 4 F1, F4
transaction CVRX Common Stock Conversion of derivative security +9.33K +57.2% 25.7K Jul 2, 2021 See Note 4 F1, F4
transaction CVRX Common Stock Conversion of derivative security +10.4K +40.43% 36K Jul 2, 2021 See Note 4 F1, F4
transaction CVRX Common Stock Conversion of derivative security +19.7K +54.6% 55.7K Jul 2, 2021 See Note 4 F1, F4
transaction CVRX Common Stock Conversion of derivative security +93K +166.92% 149K Jul 2, 2021 See Note 4 F3, F4
transaction CVRX Common Stock Purchase $446K +24.8K +16.65% $18.00 173K Jul 2, 2021 See Note 4 F4

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 -2.3M -100% $0.00* 0 Jul 2, 2021 Common Stock 58.2K See Note 2 F1, F2, F5
transaction CVRX Series B-2 Preferred Stock Conversion of derivative security $0 -2.26M -100% $0.00* 0 Jul 2, 2021 Common Stock 57.2K See Note 2 F1, F2, F5
transaction CVRX Series C-2 Preferred Stock Conversion of derivative security $0 -2.81M -100% $0.00* 0 Jul 2, 2021 Common Stock 71.1K See Note 2 F1, F2, F5
transaction CVRX Series D-2 Preferred Stock Conversion of derivative security $0 -3.17M -100% $0.00* 0 Jul 2, 2021 Common Stock 80.2K See Note 2 F1, F2, F5
transaction CVRX Series E-2 Preferred Stock Conversion of derivative security $0 -3.3M -100% $0.00* 0 Jul 2, 2021 Common Stock 83.4K See Note 2 F1, F2, F5
transaction CVRX Series F-2 Preferred Stock Conversion of derivative security $0 -10M -100% $0.00* 0 Jul 2, 2021 Common Stock 254K See Note 2 F1, F2, F5
transaction CVRX Series G Preferred Stock Conversion of derivative security $0 -18.9M -100% $0.00* 0 Jul 2, 2021 Common Stock 1.2M See Note 2 F2, F3, F5
transaction CVRX Series B-2 Preferred Stock Conversion of derivative security $0 -591K -100% $0.00* 0 Jul 2, 2021 Common Stock 14.9K See Note 4 F1, F4, F5
transaction CVRX Series C-2 Preferred Stock Conversion of derivative security $0 -369K -100% $0.00* 0 Jul 2, 2021 Common Stock 9.33K See Note 4 F1, F4, F5
transaction CVRX Series D-2 Preferred Stock Conversion of derivative security $0 -410K -100% $0.00* 0 Jul 2, 2021 Common Stock 10.4K See Note 4 F1, F4, F5
transaction CVRX Series F-2 Preferred Stock Conversion of derivative security $0 -778K -100% $0.00* 0 Jul 2, 2021 Common Stock 19.7K See Note 4 F1, F4, F5
transaction CVRX Series G Preferred Stock Conversion of derivative security $0 -1.47M -100% $0.00* 0 Jul 2, 2021 Common Stock 93K See Note 4 F3, F4, F5
* 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 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.
F3 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.
F4 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.
F5 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.