John L. Erb - 09 Jun 2025 Form 4 Insider Report for Nuwellis, Inc. (NUWE)

Role: CEO and President, Director, 10%+ Owner
Signature: /s/ Phillip D. Torrence, by Power of Attorney
Issuer symbol: NUWE
Transactions as of: 09 Jun 2025
Net transactions value: +$66,001
Form type: 4
Filing time: 11 Jun 2025, 20:43:36 UTC
Previous filing: 13 Dec 2023
Next filing: 01 Jul 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
ERB JOHN L	CEO and President, Director, 10%+ Owner	12988 VALLEY VIEW ROAD, EDEN PRAIRIE	/s/ Phillip D. Torrence, by Power of Attorney	11 Jun 2025	0001213867

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NUWE	Common Stock	Conversion of derivative security	$65,550	+1,092,500		$0.0600	1,092,500	09 Jun 2025	Direct
transaction	NUWE	Common Stock	Conversion of derivative security	$451	+7,522	+0.69%	$0.0600	1,100,022	10 Jun 2025	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	NUWE	Series F Convertible Preferred Stock	Other		-100	-100%		0	09 Jun 2025	Common Stock	1,666,667	$0.0600	Direct	F1, F2
transaction	NUWE	Series F-1 Convertible Preferred Stock	Other		+100			100	09 Jun 2025	Common Stock	1,666,667	$0.0600	Direct	F1, F2, F3
transaction	NUWE	Series F-1 Convertible Preferred Stock	Conversion of derivative security		-66	-66%		34	09 Jun 2025	Common Stock	1,100,022	$0.0600	Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	On June 9, 2025, the Issuer entered into a Securities Exchange Agreement with the Reporting Person, pursuant to which the Issuer agreed to issue 100 shares of its newly designated Series F-1 Convertible Preferred Stock ("F-1 Stock") in exchange for 100 shares of its outstanding Series F Convertible Preferred Stock ("F Stock"). Each share of F-1 Stock and F Stock has a stated value of $1,000.
F2	The preferred stock has no expiration date.
F3	The Reporting Person's shares of Series F-1 Convertible Preferred Stock are convertible into shares of common stock, par value $0.0001 per share, subject to a 19.99% beneficial ownership limitation.