Rock Soffer - 08 Sep 2023 Form 4 Insider Report for Longeveron Inc. (LGVN)

Role
Director
Signature
/s/ Paul T. Lehr, attorney-in-fact
Issuer symbol
LGVN
Transactions as of
08 Sep 2023
Net transactions value
+$90,000
Form type
4
Filing time
12 Sep 2023, 17:00:13 UTC
Previous filing
22 Dec 2022
Next filing
26 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LGVN Common Stock Options Exercise $90,000 +30,000 +4.5% $3.00 702,351 08 Sep 2023 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 LGVN Subscription Rights (right to buy) Options Exercise $0 -30,000 -0.89% $0.000000 3,329,255 08 Sep 2023 Common Stock 30,000 $3.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares to be received following expiration of the Longeveron Inc. Subscription Rights Offering, which is currently scheduled for September 21, 2023, unless otherwise extended by Longeveron.
F2 Share amounts include 640,098 shares of Class B common stock (the "Class B Common Stock"), which is not registered under the Securities Exchange Act of 1934, as amended. Holders of Class B Common Stock have identical rights to holders of common stock, except that holders of Class B Common Stock are entitled to 5 votes for each share held of record. Each share of Class B Common Stock is convertible at any time, at the option of the holder, into one share of common stock.
F3 Longeveron Inc. issued to each holder of record, as of August 18, 2023, of its Class A common stock, Class B common stock and warrants exercisable for its Class A common stock, subscription rights to acquire shares of Class A common stock of Longeveron Inc. in accordance with a prospectus dated August 14, 2023. Each subscription right entitles the holder to purchase one share of Longeveron Inc. Class A common stock.