Lazar David E. sold NBY

October 21, 2025 · Form 4 insider transaction

Lazar David E. sold 39,925 shares of NBY, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 100 days after the transaction.

Direction
Disposed (sell-side)
Shares
39,925
Price
N/A
Total value
N/A
Role
CompanyNBY
SecuritySeries D Convertible Preferred Stock
Transaction codeM: Option exercise
Transaction dateOctober 21, 2025
Filing dateJanuary 29, 2026
Shares owned after0
OwnershipDirect
10b5-1 planNo
AmendedNo

Footnotes

The shares of Series D Preferred Stock are convertible at the option of the Reporting Person for no additional consideration. Each share of Series D Preferred Stock is convertible into 160 shares of the Issuer's Common Stock at any time, subject to certain ownership limitations.; On October 9, 2025, David E. Lazar (the "Reporting Person") entered into a Securities Purchase Agreement pursuant to which the the Reporting Person sold all of his title and interest in (i) an aggregate of 441,325 shares of Series D Preferred Stock for $9,850,000 and (ii) the rights and obligations to purchase 268,750 shares of Series E Preferred Stock for an additional $2,150,000 payable to the Issuer (the "October Transaction"). The closing of the October Transaction occurred on October 16, 2025 following the Issuer's Annual Meeting. Following the October Transaction, the Reporting Person retained 39,925 shares of Series D Preferred Stock, which automatically converted into shares of hte Issuer's Common Stock three business days after the Annual Meeting.; The Series D Preferred Stock is exercisable immediately upon issuance, is perpetual and has no expiration date.

View the original Form 4 on SEC EDGAR