Form 4: Catheter Precision CEO Converts Preferred Stock to Common

Catheter Precision's Chairman and CEO, David A. Jenkins, converted Series X Convertible Preferred Stock into common stock, increasing his direct and indirect common stock holdings.

Summary

• David A. Jenkins, Chairman of the Board and CEO of Catheter Precision, Inc. (VTAK), converted Series X Convertible Preferred Stock into common stock on December 5, 2025.
• He acquired 12,064 shares of common stock directly, bringing his total direct beneficial ownership to 13,799 shares.
• Through a partnership where he is the managing member, he indirectly acquired 30,844 shares of common stock, increasing the partnership's total indirect beneficial ownership to 34,579 shares.
• Through a charitable remainder unitrust where his spouse is the trustee, he indirectly acquired 98 shares of common stock, increasing the trust's total indirect beneficial ownership to 109 shares.
• The conversions resulted in the disposition of 2,292.339 shares of Series X Convertible Preferred Stock directly, 5,860.54 shares indirectly through the partnership, and 18.691 shares indirectly through the charitable trust, bringing all preferred stock holdings to zero.
• The conversion price for all transactions was $0, as is typical for such conversions.

Sentiment

Score: 7

Explanation: The conversion of preferred stock into common stock by the CEO, increasing his overall common stock holdings, is generally viewed as a positive indicator of management's confidence in the company's long-term prospects.

Positives

• The Chairman and CEO increased his direct and indirect beneficial ownership of common stock, which can signal confidence in the company's future performance.
• The conversion of preferred stock into common stock simplifies the capital structure by reducing the number of outstanding preferred shares.

Related Party Transactions

• Indirect beneficial ownership of common stock is held through a partnership where the reporting person is the managing member of the managing partner.
• Indirect beneficial ownership of common stock is held through a charitable remainder unitrust where the reporting person's spouse is the trustee.

Stakeholder Impact

• Shareholders may view the increased common stock ownership by the CEO as a positive signal of alignment between management and shareholder interests.
• The conversion of preferred stock to common stock could potentially increase the number of outstanding common shares, which might have a minor dilutive effect on existing common shareholders, though this is a standard capital structure event.

Key Dates

Keywords

Catheter Precision, VTAK, David A. Jenkins, Insider Transaction, Form 4, Common Stock, Preferred Stock Conversion, CEO Ownership, Beneficial Ownership