ARCA biopharma (ABIO) insider Funicular Fund bought 84,836 shares for $194K at an average $2.29

Insider transactions reported

Funicular Fund, LP (insider at ARCA biopharma Inc., ABIO) reported that they bought 84,836 shares for $194K at an average $2.29 between May 12, 2022 and May 16, 2022. After these transactions the filing shows 2,482,117 shares held directly.

Reporting person

Funicular Fund, LP

Holdings before and after

• Common Stock: 2,397,281 to 2,482,117 direct

Footnotes from the filing

1. 1. This Form 4 is filed by the Funicular Fund, LP (the Fund ) and Jacob Ma-Weaver (the Reporting Persons ). The Reporting Persons and Cable Car Capital LLC ( Cable Car ) may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock (the Shares ). Each of the Reporting Persons and Cable Car disclaim beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
2. 2. Represents a weighted average price. These Shares were purchased in multiple transactions at prices ranging from $2.2650 to $2.2950, inclusive of brokerage commissions. The Reporting Persons undertake to provide the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Shares purchased at each separate price within the range set forth in this footnote.
3. 3. Represents securities directly owned by the Fund. Cable Car, as the general partner of the Fund, may be deemed to beneficially own the securities directly owned by the Fund. Mr. Ma-Weaver, as the Managing Member of Cable Car, may be deemed to beneficially own the securities directly owned by the Fund.

Transaction codes in this filing

Open-market purchase:

Code P marks a purchase in the open market or a private deal. The insider paid for these securities.

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