Kirin Holdings Company, Ltd /FI - Sep 29, 2021 Form 4 Insider Report for Thorne Healthtech, Inc. (THRN)

Role: 10%+ Owner
Signature: /s/ Toru Yoshimura
Stock symbol: THRN
Transactions as of: Sep 29, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/29/2021, 11:13 AM
Previous filing: Sep 22, 2021
Next filing: Oct 17, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	THRN	Common Stock	Conversion of derivative security		+13.5M	+622.82%		15.7M	Sep 29, 2021	Direct	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	THRN	Series E Convertible Preferred Stock	Conversion of derivative security		-13.5M	-99.58%		56.5K	Sep 29, 2021	Common Stock	13.5M		Direct	F1, F3, F4

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

Explanation of Responses:

Id	Content
F1	Each share of the Issuer's Series E Preferred Stock automatically converted into one (1) share of the Issuers Common Stock immediately upon the closing of the Issuer's initial public offering. The shares had no expiration date.
F2	Includes Class A Common Stock which are renamed as Common Stock, immediately prior to the completion of the Issuer's initial public offering of Common Stock.
F3	The Series E Convertible Preferred Stock is convertible into Common Stock on a 1 for 1 basis and shall be automatically converted into shares of Common Stock at the then effective conversion price upon the closing of the Issuer's initial public offering.
F4	Represents fully vested and exercisable Warrants to purchase the Issuer's common stock, previously reported on the Reporting Person's Form 3 dated 09/22/2021.