Ole Abildgaard - 22 Aug 2023 Form 4 Insider Report for RENOVARO INC. (RENB)

Role
10%+ Owner
Signature
/s/ Ole Abildgaard
Issuer symbol
RENB
Transactions as of
22 Aug 2023
Net transactions value
$0
Form type
4
Filing time
20 Feb 2024, 16:20:42 UTC
Previous filing
06 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RENB Common Stock Conversion of derivative security +3,436,190 +77% 7,898,482 13 Feb 2024 See Footnote F1, F2
transaction RENB Common Stock Award $0 +500,000 +7.2% $0.000000 7,398,482 03 Oct 2023 See Footnote F2
transaction RENB Common Stock Award $0 +500,000 +7.8% $0.000000 6,898,482 22 Aug 2023 See Footnote 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 RENB Series A Convertible Preferred Stock Conversion of derivative security $0 -343,619 -100% $0.000000* 0 13 Feb 2024 Common Stock 3,436,190 $0.000000 See Footnote F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ole Abildgaard is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares of Series A Convertible Preferred Stock ("Preferred Stock") automatically converted into shares of common stock on a 1-for-10 basis pursuant to their terms upon the closing of the issuer's acquisition of GEDi Cube Int. Ltd. pursuant to that certain Stock Purchase Agreement, dated September 28, 2023, by and among the issuer, GEDi Cube Intl Ltd., the other sellers party thereto, and Yalla Yalla Ltd., in its capacity as the representative of the sellers.
F2 The reported securities are held directly by Paseco ApS. Ole Abildgaard, as Chief Executive Officer and sole shareholder of Paseco ApS, beneficially owns the reported securities indirectly, but disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Mr. Abildgaard also directly owns 5,000 shares of the common stock of the issuer.
F3 The Preferred Stock is convertible into common stock on a 1-for-10 basis.
F4 The Preferred Stock is perpetual and has no expiration date.