4/A: CapsoVision Insider Reports Significant Stock Conversion Post-IPO and Reverse Split

Eliyahou Harari, a Director and 10% owner of CapsoVision, Inc., reported the automatic conversion of millions of preferred shares into common stock following the company's initial public offering and a reverse stock split.

Summary

• Eliyahou Harari, a Director and 10% owner of CapsoVision, Inc., filed an amended Form 4 to report changes in beneficial ownership.
• The filing details the automatic conversion of various series of preferred stock (D-1, D-2, E, F-1, F-2, G, G-1, and H) into common stock.
• This conversion occurred on July 3, 2025, upon the closing of CapsoVision's initial public offering (IPO).
• Each preferred share converted into approximately 0.3003 shares of common stock.
• The reported share numbers reflect a 1-for-3.33 reverse stock split of the common stock, which was effected on July 2, 2025, in connection with the IPO.
• Following these transactions, Eliyahou Harari's beneficial ownership, held indirectly through various trusts, includes 3,186,904, 517,759, and 517,759 shares of common stock.

Sentiment

Score: 7

Explanation: The filing reports a standard transaction (preferred stock conversion) resulting from a positive corporate event (IPO). While the filing itself is neutral, the underlying event (IPO) is positive for the company.

Positives

• The automatic conversion of preferred stock into common stock is a direct result of CapsoVision, Inc.'s initial public offering (IPO), indicating a significant corporate milestone and access to public markets.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4/A filing.

Industry Context

This filing reflects a standard process following an Initial Public Offering (IPO), where preferred shares held by early investors or founders convert into common stock, making them publicly tradable. This is a common event for companies transitioning from private to public ownership.

Comparison to Industry Standards

• The conversion of preferred stock to common stock and a reverse stock split are standard procedures often undertaken by companies in preparation for or immediately following an IPO to optimize their capital structure and share price for public trading. No specific comparable companies or projects are mentioned.

Related Party Transactions

• The reported transactions involve Eliyahou Harari, a Director and 10% owner, and trusts for which he and his wife are trustees, which are considered related parties.

Stakeholder Impact

• Shareholders: The conversion of preferred stock to common stock increases the float of common shares, potentially impacting liquidity and share price dynamics. The reverse stock split reduces the number of outstanding shares, which can increase the per-share price.

Key Dates

Keywords

CapsoVision, CV, SEC Form 4/A, Beneficial Ownership, Preferred Stock Conversion, Common Stock, Initial Public Offering, IPO, Reverse Stock Split, Insider Transaction, Eliyahou Harari, Trusts