CURIS INC (CRIS) CFO converts Series B preferred into 66,666 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CURIS INC CFO Diantha Duvall converted preferred stock into common shares. On March 20, 2026, 50 shares of Series B Convertible Preferred Stock automatically converted into 66,666 shares of Common Stock for no additional consideration, increasing her direct common stock holdings to 77,707 shares.
Each share of Series B Preferred Stock converts into 1,333.33 common shares under the company’s Certificate of Designations and is subject to specified beneficial ownership limitations. This filing reflects an internal capital structure change for the executive rather than an open‑market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
50 shares exercised/converted
Mixed
2 txns
Insider
Duvall Diantha
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Convertible Preferred Stock | 50 | $0.00 | -- |
| Conversion | Common Stock | 66,666 | $0.00 | -- |
Holdings After Transaction:
Series B Convertible Preferred Stock — 0 shares (Direct);
Common Stock — 77,707 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CURIS INC (CRIS) report for CFO Diantha Duvall?
CURIS INC reported that CFO Diantha Duvall converted 50 shares of Series B Convertible Preferred Stock into 66,666 shares of Common Stock. The conversion occurred automatically on March 20, 2026, under the preferred stock’s terms, with no additional cash consideration involved.
What is the conversion ratio for CURIS INC Series B Convertible Preferred Stock?
Each share of Series B Convertible Non-Redeemable Preferred Stock converts into 1,333.33 shares of CURIS INC Common Stock. This automatic conversion occurs under the Certificate of Designations and is subject to specified beneficial ownership limitations described in the preferred stock terms.
What are the beneficial ownership limitations mentioned for CURIS INC Series B Preferred Stock?
The Series B Preferred Stock conversion is subject to Beneficial Ownership Limitations defined in CURIS INC’s Certificate of Designations. These limitations restrict conversions that would raise a holder’s beneficial ownership above specified thresholds, helping control concentration of ownership in the company’s common stock.