Cincinnati Cornerstone Investors BWV I, LLC - 23 Feb 2022 Form 4 Insider Report for Blue Water Vaccines Inc. (ONCO)

Role: 10%+ Owner
Signature: /s/ Michael Venerable Representative of the Manager
Issuer symbol: ONCO
Transactions as of: 23 Feb 2022
Net transactions value: -$4,479,999
Form type: 4
Filing time: 24 Feb 2022, 14:46:33 UTC
Previous filing: 17 Feb 2022
Next filing: 29 Aug 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BWV	Common Stock	Conversion of derivative security	$0	+3,611,201		$0.000000	3,611,201	23 Feb 2022	Direct	F1, F2

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	BWV	Series Seed Preferred Stock	Conversion of derivative security	$4,479,999	-735,632	-100%	$6.09^*	0	23 Feb 2022	Common Stock	3,611,201	$1.52	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Series Seed Preferred Stock and all related accrued and unpaid dividends automatically converted into Common Stock, as previously agreed, upon the closing of the initial public offering of the Issuer. The Series Seed Preferred Stock was convertible at any time and had no expiration date.
F2	Cincinnati Cornerstone Capital, LLC, as the manager and a member of Cincinnati Cornerstone Investors BWV I, LLC, beneficially owns the reported securities indirectly, but disclaims beneficial ownership of the reported securities, except to the extent of its pecuniary interest therein.