Richard P. Blumberg - 01 Sep 2024 Form 4 Insider Report for GUIDED THERAPEUTICS INC (GTHP)

Signature
/s/ Richard P. Blumberg
Issuer symbol
GTHP
Transactions as of
01 Sep 2024
Net transactions value
$0
Form type
4
Filing time
24 Oct 2024, 12:10:17 UTC
Previous filing
22 Aug 2024
Next filing
05 Sep 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GTHP Common Stock Other +400,000 +6.4% 6,689,725 14 Oct 2024 Direct 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 GTHP Warrants Other +900,000 +33% 3,600,000 01 Sep 2024 Common shares 900,000 $0.3000 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 10, 2021, the Company entered into a consulting agreement with Richard Blumberg, which was subsequently amended on September 30, 2021 and November 11, 2022. As a result of the consulting agreement Mr. Blumberg provided $350,000 to the Company in exchange for 1,600,000 common shares and 3,600,000 warrants to acquire common shares with an exercise price of $0.30. Issuance of the common stock and warrants was predicated on the Company obtaining financing totaling a minimum of $1.0 million and Mr. Blumberg's continued service for the Company. The common stock and warrants are required to be issued in four equal tranches. The common stock and warrants from the fourth tranche were issued on September 1, 2024 and October 14, 2024, respectively.