ERB JOHN L (CEO and President) reported 2 transactions at NUWELLIS, INC.

Review the transaction codes below to understand the nature of each event.

ERB JOHN L

Filed: 6/11/2025ACC: 0001213867-25-000003

InsiderERB JOHN LCIK 1213867

→

IssuerNUWELLIS, INC.CIK 1506492

DirectorOfficer· CEO and President

Since Jul 2018

+1.10M

Net shares

Net buyer

$66.0K

Total acquired

Open market trades

0B · 0S

Total transactions

1.10M acquired · 166.00 disposed

Non-Derivative Transactions2

Common Stock

Direct

C · Conversion

+1.09M

Price / share

$0.06

Trade value

$65.55K

% of position

New position

6/9/2025

0.00→1.09M

Common Stock

Direct

C · Conversion

+7.52K

Price / share

$0.06

Trade value

$451.32

% of position

0.7%

6/10/2025

1.09M→1.10M

Total

Net shares

+1.10M

Net value

$66K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	6/9/2025	C · Conversion	+1.09M	$0.06	$65.55K	New position	0.00	1.09M
Common Stock Direct	6/10/2025	C · Conversion	+7.52K	$0.06	$451.32	0.7%	1.09M	1.10M
Total			+1.10M		$66K

Derivative Transactions3

Series F Convertible Preferred Stock

Direct

J · J

Converts to

Common Stock

1.67M shares

−100.00

Strike price

0.06

Held after

0.00

Exercisable

—

6/9/2025

Series F-1 Convertible Preferred Stock

Direct

J · J

Converts to

Common Stock

1.67M shares

+100.00

Strike price

0.06

Held after

100.00

Exercisable

—

6/9/2025

Series F-1 Convertible Preferred Stock

Direct

C · Conversion

Converts to

Common Stock

1.10M shares

−66.00

Strike price

0.06

Held after

34.00

Exercisable

—

6/9/2025

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Series F Convertible Preferred Stock Direct	Common Stock1.67M shares	6/9/2025	J · J	−100.00	0.06	—	0.00
Series F-1 Convertible Preferred Stock Direct	Common Stock1.67M shares	6/9/2025	J · J	+100.00	0.06	—	100.00
Series F-1 Convertible Preferred Stock Direct	Common Stock1.10M shares	6/9/2025	C · Conversion	−66.00	0.06	—	34.00