Matthew W. Strobeck - 23 Jan 2024 Form 4 Insider Report for Accelerate Diagnostics, Inc (AXDX)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
25 Jan 2024, 16:12:05 UTC
Prior SEC filing
03 Jan 2024
Next SEC filing
09 Apr 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ David Patience, attorney-in-fact

Key filing fact

Matthew W. Strobeck filed Form 4 for Accelerate Diagnostics, Inc (AXDX) on 25 Jan 2024.

Key facts

  • This page summarizes Matthew W. Strobeck's Form 4 filing for Accelerate Diagnostics, Inc (AXDX).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 25 Jan 2024, 16:12.

Change

  • Previous filing in this sequence was filed on 03 Jan 2024.
  • Current net transaction value: $0.

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.

AXDX transaction

Common Stock

Purchase

Transaction value
Shares
+100,000
Change %
+484%
Price
Shares after
120,682
Date
23 Jan 2024
Ownership
By Birchview Fund, LLC
Footnotes
F1, F2
AXDX holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
202,556
Date
23 Jan 2024
Ownership
Direct
AXDX holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
2,000
Date
23 Jan 2024
Ownership
As UGMA Custodian for minor children

Reported derivative securities

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

AXDX transaction Derivative

Common Stock Warrants (right to buy)

Purchase

Transaction value
Shares
+100,000
Change %
Price
Shares after
100,000
Date
23 Jan 2024
Ownership
By Birchview Fund, LLC
Underlying class
Common Stock
Underlying amount
100,000
Exercise price
$1.65
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The reported securities are included within 100,000 units of the issuer (the "Units") purchased by the reporting person for $1.50 per Unit in an underwritten public offering. Each Unit consists of one share of the issuer's common stock and one warrant to purchase one share of the issuer's common stock.

Footnote F2

The reporting person has sole voting and dispositive power with respect to the shares held by Birchview Fund, LLC in his capacity as the CEO of such entity. The reporting person disclaims beneficial ownership of the shares held by Birchview Fund, LLC except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

SEC remarks

On July 11, 2023, the issuer effected a reverse stock split of its common stock at a ratio of 1-for-10 (the "Reverse Stock Split"). As a result of the Reverse Stock Split, proportionate adjustments were made to the number of shares of the issuer's common stock underlying its outstanding equity awards, warrants and convertible notes, as well as the exercise or conversion price, as applicable. The amounts reported herein (and to be reported in subsequent reports) have been adjusted to reflect the Reverse Stock Split.

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