Form 4: Curis CDO Converts Preferred Stock to Common Shares

Curis Inc.'s Chief Development Officer, Jonathan B. Zung, converted 50 shares of Series B Convertible Preferred Stock into 66,667 shares of common stock.

Summary

• Jonathan B. Zung, Chief Development Officer (CDO) of Curis Inc., completed an automatic conversion of Series B Convertible Preferred Stock into common stock.
• The transaction occurred on March 20, 2026.
• A total of 50 shares of Series B Convertible Non-Redeemable Preferred Stock were converted.
• Each share of Series B Preferred Stock automatically converted into 1,333.33 shares of Common Stock.
• This conversion resulted in the acquisition of 66,667 shares of Common Stock by Mr. Zung.
• The Series B Preferred Stock was originally sold as part of a 'Security' package, which included Series A, B, and C Warrants, at a purchase price of $1,000.00 per Security.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event, as it is an automatic conversion of previously issued preferred stock into common shares, as per the terms of the security.

Positives

• Increased direct ownership of common stock by a key executive, Jonathan B. Zung, which aligns his interests more closely with common shareholders.

Future Outlook

N/A. This filing reports a completed transaction and does not provide forward-looking statements or guidance.

Industry Context

StockSavvy.ai notes that insider conversions of preferred stock to common stock are routine events, often tied to specific terms of the preferred shares, and typically do not reflect new strategic shifts or broader industry trends.

Stakeholder Impact

• Shareholders: Jonathan B. Zung's increased direct common stock ownership aligns his interests more closely with common shareholders.

Key Dates

Keywords

Curis Inc, CRIS, Jonathan B. Zung, CDO, Series B Preferred Stock, Common Stock, Stock Conversion, Insider Transaction, SEC Form 4