SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
|Expires:||July 31, 2023|
|Estimated average burden hours|
|SEC USE ONLY|
|NOTICE OF PROPOSED SALE OF SECURITIES|
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
|DOCUMENT SEQUENCE NO.|
ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a market maker.
|1(a) NAME OF ISSUER||(b) IRS IDENT. NO.||(c) S.E.C. FILE NO.|
1(d) ADDRESS OF ISSUER
|STREET||CITY||STATE||ZIP CODE||(e) TELEPHONE NO.|
|4 Science Park, 3rd Floor|
|2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITIES ARE TO BE SOLD||(b) RELATIONSHIP|
|(c) ADDRESS (Street)||CITY||STATE||ZIP CODE|
1921 Fairfield Beach Road
INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.
|Title of the|
To Be Sold
|Name and Address of Each Broker|
Through Whom the Securities are
to be Offered or Each Market Maker
who is Acquiring the Securities
Shares or Other
Units To Be Sold
(See instr. 3(c))
(See instr. 3(d))
|Number of Shares|
or Other Units
(See instr. 3(e))
Date of Sale
(See instr. 3(f))
(MO. DAY YR.)
|Name of Each|
(See instr. 3(g))
Common Stock, par value $0.01 per share
Coastal Wealth Partners
88b Lafayette Street
Salem, MA 01970
The NASDAQ Stock Market LLC
(1) Pursuant to Mr. Cohen’s 10b5-1 plan, the minimum price at which the shares can be sold is $5.00.
(2) Pursuant to Mr. Cohen’s 10b5-1 plan, July 1, 2021 is the first date on which the shares can be sold.
|1.||(a)||Name of issuer|
|(b)||Issuer’s I.R.S. Identification Number|
|(c)||Issuer’s S.E.C. file number, if any|
|(d)||Issuer’s address, including zip code|
|(e)||Issuer’s telephone number, including area code|
|2.||(a)||Name of person for whose account the securities are to be sold|
|(b)||Such person’s relationship to the issuer (e.g., officer, director, 10 percent stockholder, or member of immediate family of any of the foregoing)|
|(c)||Such person’s address, including zip code|
|3.||(a)||Title of the class of securities to be sold|
|(b)||Name and address of each broker through whom the securities are intended to be sold|
|(c)||Number of shares or other units to be sold (if debt securities, give the aggregate face amount)|
|(d)||Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice|
|(e)||Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent report or statement published by the issuer|
|(f)||Approximate date on which the securities are to be sold|
|(g)||Name of each securities exchange, if any, on which the securities are intended to be sold|
Potential persons who are to respond to the collection of information contained in this form are not required
to respond unless the form displays a currently valid OMB control number.
TABLE I — SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefor:
|Name of Acquisition Transaction||Name of Person From|
(If gift, also give date donor acquired)
|Date of Payment||Nature of Payment|
Common Stock, par value $0.01 per share
Bridge Note (1)
Bridge Note (2)
(1) The 230,697 shares of Common Stock were acquired upon the conversion of a Bridge Note issued to Mr. Cohen on April 16, 2019.
(2) The 461,395 shares of Common Stock were acquired upon the conversion of the Bridge Note issued to Mr. Cohen on May 14, 2019.
(3) Mr. Cohen paid for the Bridge Note in cash on the date of acquisition of the Bridge Note.
(4) Mr. Cohen paid for the Bridge Note in cash on the date of acquisition of the Bridge Note.
|INSTRUCTIONS:||If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.|
TABLE II — SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.
|Name and Address of the Seller||Title of Securities Sold||Date of Sale||Amount of|
Mr. Cohen acquired (i) 37,513 shares of Common Stock in connection with the merger of Precipio with Transgenomic, Inc. in 2017, (ii) 12,543 shares of Common Stock from the conversion of Senior Series A Convertible Preferred Stock issued to Mr. Cohen in 2017 (iii) 7,335 shares of Common stock from the conversion of convertible notes issued to Mr. Cohen in 2017, and (iv) 52,749 shares of common stock from the conversion of bridge notes issued to Mr. Cohen in November 2018 and December 2018.
See the definition of “person” in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
if Relying on Rule 10b5-1.
/s/ David Cohen
The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed.
Any copies not manually signed shall bear typed or printed signatures.
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)