Form 4: David E. Lazar Acquires Additional Series E Convertible Preferred Stock in OpGen Inc.

David E. Lazar, a director, 10% owner, and CEO of OpGen Inc., acquired an additional 150,000 shares of Series E Convertible Preferred Stock on April 23, 2024.

Summary

• David E. Lazar, a director, 10% owner, and CEO of OpGen Inc., filed a Form 4 detailing changes in beneficial ownership.
• On April 23, 2024, Lazar acquired an additional 150,000 shares of OpGen's Series E Convertible Preferred Stock at $1.00 per share, for a total purchase price of $150,000.
• This acquisition is part of a larger securities purchase agreement where Lazar will acquire an aggregate of 3,000,000 shares of Series E Preferred Stock.
• Each share of Series E Preferred Stock is convertible into 24 shares of OpGen's Common Stock, subject to certain ownership limitations.
• The initial closing occurred on March 25, 2024, with Lazar acquiring 200,000 shares of Series E Preferred Stock for $200,000.
• Lazar will acquire additional shares of Series E Preferred Stock at subsequent closings, subject to certain conditions.
• A previous Form 4 filed on April 13, 2024, incorrectly reported the number of derivative securities beneficially owned, which has been corrected in this filing.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard filing related to insider transactions. The continued investment by a key insider could be viewed slightly positively, but it's not overwhelmingly positive.

Positives

• David E. Lazar's continued investment in OpGen Inc. through the acquisition of Series E Preferred Stock could be seen as a positive signal.

Future Outlook

Lazar will acquire additional shares of Series E Preferred Stock at subsequent closings, subject to certain conditions being satisfied.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of Series E Preferred Stock by David E. Lazar may impact shareholders' perception of the company's financial health and future prospects.

Next Steps

• Lazar will continue to acquire additional shares of Series E Preferred Stock at subsequent closings, subject to certain conditions.

Key Dates