Randy Milby - 14 Jan 2022 Form 4 Insider Report for Hillstream BioPharma Inc. (THAR)

Role
Chief Executive Officer, Director
Signature
/s/ Randy Milby
Issuer symbol
THAR
Transactions as of
14 Jan 2022
Net transactions value
+$19,635
Form type
4
Filing time
20 Jan 2022, 08:26:50 UTC
Previous filing
20 Jan 2022
Next filing
19 Apr 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HILS Common Stock Conversion of derivative security $25,923 +8,101 +0.34% $3.20* 2,425,825 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $36,240 +11,325 +0.47% $3.20* 2,437,150 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $10,339 +3,231 +0.13% $3.20* 2,440,381 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $36,944 +11,545 +0.47% $3.20* 2,451,926 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $92,883 +29,026 +1.2% $3.20* 2,480,952 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $90,771 +28,366 +1.1% $3.20* 2,509,318 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $61,747 +19,296 +0.77% $3.20* 2,528,614 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $30,845 +9,639 +0.38% $3.20* 2,538,253 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $71,744 +22,420 +0.88% $3.20* 2,560,673 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $112,560 +35,175 +1.4% $3.20* 2,595,848 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $84,240 +26,325 +1% $3.20* 2,622,173 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $30,630 +9,572 +0.37% $3.20* 2,631,745 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $99,853 +31,204 +1.2% $3.20* 2,662,949 14 Jan 2022 Direct
transaction HILS Common Stock Conversion of derivative security $99,405 +31,064 +1.2% $3.20* 2,694,013 14 Jan 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 $25,000 0 14 Jan 2022 Common stock 8,101 $3.20 Direct F1
transaction HILS Convertible Note Conversion of derivative security $35,000 0 14 Jan 2022 Common stock 11,325 $3.20 Direct F2
transaction HILS Convertible Note Conversion of derivative security $10,000 0 14 Jan 2022 Common stock 3,231 $3.20 Direct F3
transaction HILS Convertible Note Conversion of derivative security $35,750 0 14 Jan 2022 Common stock 11,545 $3.20 Direct F4
transaction HILS Convertible Note Conversion of derivative security $90,000 0 14 Jan 2022 Common stock 29,026 $3.20 Direct F5
transaction HILS Convertible Note Conversion of derivative security $88,000 0 14 Jan 2022 Common stock 28,366 $3.20 Direct F6
transaction HILS Convertible Note Conversion of derivative security $59,990 0 14 Jan 2022 Common stock 19,296 $3.20 Direct F7
transaction HILS Convertible Note Conversion of derivative security $30,000 0 14 Jan 2022 Common stock 9,639 $3.20 Direct F8
transaction HILS Convertible Note Conversion of derivative security $70,000 0 14 Jan 2022 Common stock 22,420 $3.20 Direct F9
transaction HILS Convertible Note Conversion of derivative security $110,000 0 14 Jan 2022 Common stock 35,175 $3.20 Direct F10
transaction HILS Convertible Note Conversion of derivative security $82,500 0 14 Jan 2022 Common stock 26,325 $3.20 Direct F11
transaction HILS Convertible Note Conversion of derivative security $30,250 0 14 Jan 2022 Common stock 9,572 $3.20 Direct F12
transaction HILS Convertible Note Conversion of derivative security $99,000 0 14 Jan 2022 Common stock 31,204 $3.20 Direct F13
transaction HILS Convertible Note Conversion of derivative security $99,000 0 14 Jan 2022 Common stock 31,064 $3.20 Direct F14
transaction HILS Options (right to purchase) Award $0 +757,575 $0.000000 757,575 14 Jan 2022 Common stock 757,575 $4.00 Direct F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 19, 2021, the Registrant issued the Reporting Person a $25,000 note which matures on the earlier of (i) April 19, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F2 On April 30, 2021, the Registrant issued the Reporting Person a $35,000 note which matures on the earlier of (i) April 30, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F3 On May 10, 2021, the Registrant issued the Reporting Person a $10,000 note which matures on the earlier of (i) May 10, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon shall converts into the type of Equity Securities (as defined therein) 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.
F4 On May 15, 2021, the Registrant issued the Reporting Person a $35,750 note which matures on the earlier of (i) May 15, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F5 On May 25, 2021, the Registrant issued the Reporting Person a $90,000 note which matures on the earlier of (i) May 25, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F6 On May 29, 2021, the Registrant issued the Reporting Person an $88,000 note which matures on the earlier of (i) May 29, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F7 On June 14, 2021, the Registrant issued the Reporting Person a $59,990 note which matures on the earlier of (i) June 14, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F8 On June 22, 2021, the Registrant issued the Reporting Person a $30,000 note which matures on the earlier of (i) June 22, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F9 On July 16, 2021, the Registrant issued the Reporting Person a $70,000 note which matures on the earlier of (i) July 17, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F10 On July 28, 2021, the Registrant issued the Reporting Person a $110,000 note which matures on the earlier of (i) July 28, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F11 On August 13, 2021, the Registrant issued the Reporting Person an $82,500 note which matures on the earlier of (i) August 13, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F12 On October 14, 2021, the Registrant issued the Reporting Person a $30,250 note which matures on the earlier of (i) October 14, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F13 On November 12, 2021, the Registrant issued the Reporting Person a $99,000 note which matures on the earlier of (i) November 12, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F14 On December 15, 2021, the Registrant issued the Reporting Person a $99,000 note which matures on the earlier of (i) December 15, 2024 and (ii) the closing of the Next Equity Financing (as defined therein). The principal amount of the note together with accrued interest thereon automatically converts into the type of Equity Securities (as defined therein) 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.
F15 The Registrant issued the Reporting Person options on January 14, 2022. The options vest over a 48 month period commencing 12 months after the date of grant.

Remarks:

This is the third of the Form 4s.