| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARTH | Common Stock | Award | +72.4K | +2.49% | 2.98M | Jul 6, 2022 | Direct | F1 | ||
| holding | ARTH | Common Stock | 10M | Jul 6, 2022 | By Twelve Pins Partners, LLC | F2 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | ARTH | Senior Secured Convertible Notes | Award | $24K | $24K | Jul 6, 2022 | Common Stock | 525K | Direct | F1, F3 | ||||
| transaction | ARTH | Warrants | Award | +483K | 483K | Jul 6, 2022 | Common Stock | 483K | $0.05 | Direct | F1, F4 |
| Id | Content |
|---|---|
| F1 | The shares of common stock, senior secured convertible notes (the "Notes") and warrants were issued to the Reporting Person in connection with a convertible note offering entered into by the Reporting Person and the Issuer (the "Offering"), which Offering was approved by the Issuer's Board of Directors and, in accordance with Rule 16b-3(d)(1) of the Exchange Act (the "Act"), is exempt from Section 16(b) of the Act pursuant to Rule 16b-3(e) promulgated thereunder. |
| F2 | The Reporting Person disclaims beneficial ownership of the securities held by Twelve Pins Partners, LLC except to the extent of his pecuniary interest therein. |
| F3 | The Notes become due and payable on January 6, 2024, bear interest at a rate of 10% per annum, are convertible at the option of the holder pursuant to certain provisions with an initial conversion price of $0.0457, contain customary events of default and are subject to certain beneficial ownership limitations. |
| F4 | Conversion of the warrants is subject to certain beneficial ownership limitations. |