Hui-Lan Wu - Oct 24, 2022 Form 4 Insider Report for Ainos, Inc. (AIMD)

Role: Chief Financial Officer
Signature: /s/ John Junyong Lee POA for Hui-Lan Wu
Stock symbol: AIMD
Transactions as of: Oct 24, 2022
Transactions value $: -$3,478,004
Form type: 4
Date filed: 10/26/2022, 09:48 PM
Previous filing: Aug 12, 2022
Next filing: Jul 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	AIMD	Common Stock	Award	$50K	+14.7K	+350.12%	$3.40	18.9K	Aug 9, 2022	Daughter	F1, F2
transaction	AIMD	Common Stock	Award	$252K	+133K	+1190.47%	$1.89	145K	Oct 24, 2022	Direct	F3

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	AIMD	RSU	Conversion of derivative security	-$3.78M	-2M	-100%	$1.89	0	Oct 24, 2022	COMMON	133K	$1.89	Direct	F4, F6
transaction	AIMD	RSU	Award		+35K			35K	Oct 24, 2022	COMMON	35K		Direct	F5

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

Explanation of Responses:

Id	Content
F1	Yun-Huan Liao is Hui-Lan Wu's daughter
F2	Reference is made to that certain Convertible Note Purchase Agreement and Convertible Promissory Note ("Note") in the principal amount of $50,000 between the Issuer and the Reporting Person's daughter, Yu-Huan Liao. The Note bears no interest, matures on March 30, 2027, and is subject to mandatory conversion at a conversion price of 80% of an initial property offering price (if the Issuer conducts an initial public offering). On 08/11/22, the Company completed a public offering at a $4.25 per unit price ("Offering") and a 15-for-1 reverse stock split on 08/08/22 ("Reverse Split"). Transaction reflects an acquisition price of $3.40 per share (80% of the Offering) and the 14,705 issued shares give effect to the Reverse Split.
F3	This reported transaction represents the settlement of 2,000,000 RSUs adjusted to 133,333 common stock after giving effect the Reverse Stock Split
F4	This reported transaction represents the conversion of 2,000,000 Restricted Stock Units (the "RSUs") adjusted to 133,333 shares giving effect to the Reverse Stock Split. The RSUs were originally granted pursuant to an employment Mandate Agreement dated March 17, 2022 (the "Mandate Agreement") under the Company's 2021 Stock Incentive Plan. The converted shares underlying the RSUs vested on September 30, 2022 and are may not be sold within 6 months of the grant date.
F5	This reported transaction represents the granting of 35,000 Restricted Stock Units (the "RSUs"). The RSUs were originally authorized pursuant to an employment Mandate Agreement dated March 17, 2022 (the "Mandate Agreement") and under the Company's 2021 Stock Incentive Plan. The RSUs will vest in increments of 15% on 4/24/23 and 10/24/23, 30% on 10/24/24 and 40% on 10/24/25, subject to normal and customary termination events.
F6	N/A