Inscobee Inc. - 12 May 2025 Form 4 Insider Report for Apimeds Pharmaceuticals US, Inc. (APUS)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
14 May 2025, 17:52:52 UTC
Prior SEC filing
14 May 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Nelson Mullins Riley & Scarborough LLP, Attorney-in-Fact

Key filing fact

Inscobee Inc. filed Form 4 for Apimeds Pharmaceuticals US, Inc. (APUS) on 14 May 2025.

Key facts

  • This page summarizes Inscobee Inc.'s Form 4 filing for Apimeds Pharmaceuticals US, Inc. (APUS).
  • 7 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 14 May 2025, 17:52.

Change

  • Previous filing in this sequence was filed on 14 May 2025.
  • Current net transaction value: +$2,000,001.

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

Reporting Owners (1)

CIK 0002057997 Primary reporting owner

Inscobee Inc.

Relationship
10%+ Owner
Address
ROOM 613, DIGITAL-RO 130, 6F, GEUMCHEON-GU, SEOUL, KOREA, REPUBLIC OF
Signature
/s/ Nelson Mullins Riley & Scarborough LLP, Attorney-in-Fact
Signature date
14 May 2025
This filing has been restated. Open the amended filing.

Reported non-derivative transactions

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

APUS transaction

Common Stock, par value $0.01 per share

Purchase

Transaction value
$2,000,000
Shares
+500,000
Change %
+34%
Price
$4.00
Shares after
1,984,616
Date
12 May 2025
Ownership
Direct
APUS transaction

Common Stock, par value $0.01 per share

Conversion of derivative security

Transaction value
$473,205
Shares
+182,002
Change %
+4.4%
Price
$2.60
Shares after
4,316,618
Date
12 May 2025
Ownership
By Apimeds Inc.
Footnotes
F1, F2, F3
APUS transaction

Common Stock, par value $0.01 per share

Conversion of derivative security

Transaction value
$184,834
Shares
+71,090
Change %
+1.6%
Price
$2.60
Shares after
4,387,708
Date
12 May 2025
Ownership
By Apimeds Inc.
Footnotes
F2, F3, F4
APUS transaction

Common Stock, par value $0.01 per share

Conversion of derivative security

Transaction value
$114,507
Shares
+44,041
Change %
+2.2%
Price
$2.60
Shares after
2,028,657
Date
12 May 2025
Ownership
Direct
Footnotes
F2, F5

Reported derivative securities

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

APUS transaction Derivative

Convertible Promissory Note

Conversion of derivative security

Transaction value
$473,205
Shares
Change %
Price
Shares after
0
Date
12 May 2025
Ownership
By Apimeds Inc.
Underlying class
Common Stock, par value $0.01 per share
Underlying amount
182,022
Exercise price
$2.60
Footnotes
F1, F2, F3
APUS transaction Derivative

Convertible Promissory Note

Conversion of derivative security

Transaction value
$184,833
Shares
Change %
Price
Shares after
0
Date
12 May 2025
Ownership
By Apimeds Inc.
Underlying class
Common Stock, par value $0.01 per share
Underlying amount
71,090
Exercise price
$2.60
Footnotes
F2, F3, F4
APUS transaction Derivative

Convertible Promissory Note

Conversion of derivative security

Transaction value
$114,507
Shares
Change %
Price
Shares after
0
Date
12 May 2025
Ownership
Direct
Underlying class
Common Stock, par value $0.01 per share
Underlying amount
44,041
Exercise price
$2.60
Footnotes
F2, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

On August 30, 2021, Apimeds Pharmaceuticals US, Inc. (the "Issuer") issued to Apimeds Inc. ("Apimeds Korea") a convertible promissory note in the principal amount of $400,000 (as amended, the "August 2021 Note"). All outstanding principal and accrued and unpaid interest owed under the August 2021 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of an offering of the Issuer's common stock resulting in the listing of the Issuer's common stock on the NYSE American, or other national securities exchange (a "Qualified Offering"). The August 2021 Note bears interest at an annual rate of 5%. The August 2021 Note is convertible into shares of common stock at a conversion price of $2.60 per share (the "Conversion Price"). The amount reported in Column 3 of Table II represents the original principal amount of $400,000, plus $73,205 of accrued and unpaid interest.

Footnote F2

On May 12, 2025, the Issuer completed a Qualified Financing and all outstanding principal and accrued and unpaid interest owed under the note converted into common stock at the Conversion Price.

Footnote F3

The shares of common stock are owned directly by Apimeds Korea, which is a wholly owned subsidiary of the reporting person. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

Footnote F4

On March 21, 2022, the Issuer issued to Apimeds Korea a convertible promissory note in the principal amount of $160,000 (as amended, the "March 2022 Note"). All outstanding principal and accrued and unpaid interest owed under the March 2022 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of a Qualified Offering. The March 2022 Note bears interest at an annual rate of 5%. The March 2022 Note is convertible into shares of common stock at the Conversion Price. The amount reported in Column 3 of Table II represents the original principal amount of $160,000, plus $24,833 of accrued and unpaid interest.

Footnote F5

On June 3, 2022, the Issuer issued to Inscobee Inc. a convertible promissory note in the principal amount of $100,000 (as amended, the "June 2022 Note"). All outstanding principal and accrued and unpaid interest owed under the June 2022 Note is due and payable on the earlier of (i) December 31, 2026, or (ii) the consummation of a Qualified Offering. The June 2022 Note bears interest at an annual rate of 5%. The June 2022 Note is convertible into shares of common stock at the Conversion Price. The amount reported in Column 3 of Table II represents the original principal amount of $100,000, plus $14,507 of accrued and unpaid interest.

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