Xiaochun Xu - Sep 28, 2023 Form 4 Insider Report for ThermoGenesis Holdings, Inc. (THMO)

Role: CEO, Director, 10%+ Owner
Signature: /s/ Xiaochun Xu
Stock symbol: THMO
Transactions as of: Sep 28, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/2/2023, 08:33 PM
Previous filing: Jun 30, 2022
Next filing: Nov 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	THMO	Common Stock	Conversion of derivative security	$700K	+654K	+239.71%	$1.07	927K	Sep 28, 2023	Held by Boyalife Group, Inc.	F1

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	THMO	Amendment 3 to 1st Amended & Restated Revolving Credit Agr.	Conversion of derivative security	-$700K				$7.49M	Sep 28, 2023	Common Stock	654K	$1.07	Held by Boyalife Group, Inc.	F1

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

Explanation of Responses:

Id	Content
F1	On September 28, 2023, Boyalife Group, Inc. converted an aggregate of $700,000 of outstanding interest under a Second Amended and Restated Convertible Promissory Note issued by Issuer in April 2018, as amended. After giving effect to the conversion, as of the date of this Form 4, there was $7,278,000 in principal and approximately $216,000 in accrued interest outstanding under the Convertible Promissory Note, all of which is convertible at a current conversion price of $1.07 per share, subject to downward adjustment in the event that the Issuer issues shares of common stock at a lower price. Boyalife Group, Inc. is 100% owned by Dr. Xiaochun Xu.

Content

On September 28, 2023, Boyalife Group, Inc. converted an aggregate of $700,000 of outstanding interest under a Second Amended and Restated Convertible Promissory Note issued by Issuer in April 2018, as amended. After giving effect to the conversion, as of the date of this Form 4, there was $7,278,000 in principal and approximately $216,000 in accrued interest outstanding under the Convertible Promissory Note, all of which is convertible at a current conversion price of $1.07 per share, subject to downward adjustment in the event that the Issuer issues shares of common stock at a lower price. Boyalife Group, Inc. is 100% owned by Dr. Xiaochun Xu.