Leonard L. Mazur - Jan 14, 2022 Form 4 Insider Report for Hillstream BioPharma Inc. (HILS)

Role
Director
Signature
/s/ Randy Milby as Attorney-In-Fact for Leonard Mazur
Stock symbol
HILS
Transactions as of
Jan 14, 2022
Transactions value $
$115,946
Form type
4
Date filed
1/18/2022, 03:09 PM
Previous filing
Jan 11, 2022
Next filing
Mar 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HILS Common Stock Conversion of derivative security $316K +98.7K $3.20* 98.7K Jan 14, 2022 Direct
transaction HILS Common Stock Purchase $100K +25K +25.32% $4.00* 124K Jan 14, 2022 Direct

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 HILS Convertible Note Conversion of derivative security -$300K 0 Jan 14, 2022 Common stock 98.7K $3.20 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 22, 2020, the Registrant issued the Reporting Person a $300,000 note which matures on the earlier of (i) December 31, 2023 and (ii) the closing of the Next Equity Financing. The note shall automatically convert into the type of Equity Securities issued in the Next Equity Financing. Pursuant to the terms of the note, because the Registrant's initial public offering qualified as a Next Equity Financing, the note automatically converted into shares of the Registrant's common stock. "Next Equity Financing" means the next sale (or series of related sales) by the Registrant of its Equity Securities pursuant to which the Registrant receives gross proceeds of not less than $7.5 million (inclusive of the aggregate amount of debt securities converted into Equity Securities upon conversion or cancellation of notes). "Equity Securities" means, subject to certain exceptions, the Registrant's common stock and common stock equivalents.