CFO Converts $1.29M Note into 301,991 Shares at $4.28
PFSA has more than doubled off its 52-week low of $3.223.
Summary
Profusa CFO Fred Knechtel converted $1.29M of a convertible note into 301,991 shares at $4.28/share, increasing his indirect holdings via NorthView Sponsor I LLC.
Key Events · Ownership and Investor Activity · PFSA
-
CFO Converts $1.29M Note
Fred Knechtel converted $1,292,521 principal of a Convertible Promissory Note into 301,991 post-split shares at $4.28 per share on August 12, 2026.
-
Conversion Price Mechanics
The conversion price was the higher of $1.07 pre-split ($4.28 post-split) or the closing price on the trading day before the conversion notice, per Amendment No. 3 to the Note Modification and Conversion Agreement.
-
Note Convertibility Date
The note became convertible on May 4, 2026, the Registration Effective Date, under the Note Modification and Conversion Agreement dated April 24, 2026.
-
Post-Conversion Holdings
Knechtel now holds 301,991 shares indirectly via NorthView Sponsor I LLC and 147 shares directly, with $577,275 remaining principal on the note.
Analysis · PFSA · Industrial Applications And Services
CFO Fred Knechtel converted $1,292,521 of a convertible promissory note into 301,991 shares at $4.28 per share. The conversion price was set at the higher of $1.07 pre-split ($4.28 post-split) or the prior day's closing price, and the note became convertible on May 4, 2026. This is a significant insider transaction, representing a large increase in the CFO's equity stake, though it is a conversion of existing debt rather than an open-market purchase.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1666 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PFSA was trading at $13.10 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $3.6M. The 52-week trading range was $3.22 to $5,190.01. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.