CBI USA, Inc. - 23 Jun 2023 Form 4 Insider Report for EXICURE, INC. (XCUR)

Reporting relationship: 10%+ Owner
Issuer ticker: XCUR
Reported as of: 23 Jun 2023
Net transaction value: -$10,880,000
SEC form: 4
Accepted by SEC: 27 Jun 2023, 18:20:10 UTC
Prior SEC filing: 09 Mar 2023
Source filing: View source filing
Reporting owner signature: CBI USA, INC. By: /s/ Kyungwon Oh Name: Kyungwon Oh Title: Chief Executive Officer

Key filing fact

CBI USA, Inc. filed Form 4 for EXICURE, INC. (XCUR) on 27 Jun 2023.

Key facts

This page summarizes CBI USA, Inc.'s Form 4 filing for EXICURE, INC. (XCUR).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 27 Jun 2023, 18:20.

Change

Previous filing in this sequence was filed on 09 Mar 2023.
Current net transaction value: -$10,880,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

XCUR transaction

Common Stock

Conversion of derivative security

Transaction value: $5,440,000
Shares: -3,400,000
Change %: -81%
Price: $1.60
Shares after: 818,299
Date: 23 Jun 2023
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

XCUR transaction Derivative

CBI USA, Inc. 1st Bearer-type Interest Unsecured Private

Conversion of derivative security

Transaction value: $5,440,000
Shares
Change %
Price
Shares after: 0
Date: 23 Jun 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,400,000
Exercise price: $1.60
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 1 footnote

Footnote F1

On February 22, 2023, Reporting Person obtained loan from an affiliate ("Lender") in the form of an exchangeable bond in the principal amount of $5,440,000, which represented an obligation to sell. On June 23, 2023, Lender exercised the option to exchange the bond for 3,400,000 shares of Common Stock (at fixed conversion price of $1.60 per share).