4/A: OpGen Inc. Director David E. Lazar Acquires Additional Series E Convertible Preferred Stock

David E. Lazar, a director and 10% owner 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 Chief Executive Officer of OpGen Inc., filed an amended Form 4/A with the SEC.
• The filing reports the acquisition of 150,000 shares of Series E Convertible Preferred Stock on April 23, 2024, for $150,000.
• This is part of a larger agreement where Lazar will acquire 3,000,000 shares of Series E Preferred Stock at $1.00 per share.
• Each share of Series E Preferred Stock is convertible into 24 shares of OpGen's Common Stock, subject to ownership limitations.
• The initial closing occurred on March 25, 2024, with Lazar acquiring 200,000 shares.
• The reported number of shares of Common Stock underlying the shares of Series E Preferred Stock has been adjusted to reflect a reverse stock split of the Company's Common Stock effective as of May 20, 2024.
• This Form 4/A is being filed solely to change the transaction code previously provided to identify the transaction reported as exempt from Section 16(b) pursuant to Rule 16b-3.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It reflects an insider's investment, which can be seen as a positive signal, but it's also a structured transaction that may have specific motivations beyond pure optimism.

Positives

• A director and significant shareholder is increasing their investment in the company, which could signal confidence in OpGen's future prospects.

Future Outlook

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

Industry Context

This filing reflects insider activity, which is closely monitored by investors for signals about a company's prospects. The purchase of preferred stock, convertible into common stock, suggests a long-term investment perspective.

Stakeholder Impact

• The acquisition of shares by a director and significant shareholder could positively influence investor confidence.

Key Dates