CVRx, Inc. — Director's Dealing 2021

Jul 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CVRx, Inc. (CVRX)
CIK: 0001235912
Period of Report: 2021-07-02

Reporting Person: NEA PARTNERS 10 L P (10% Owner)
Reporting Person: SANDELL SCOTT D (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-02	Common Stock	C	58175	—	Acquired	58175	Indirect
2021-07-02	Common Stock	C	57241	—	Acquired	115416	Indirect
2021-07-02	Common Stock	C	71077	—	Acquired	186493	Indirect
2021-07-02	Common Stock	C	80178	—	Acquired	266671	Indirect
2021-07-02	Common Stock	C	83396	—	Acquired	350067	Indirect
2021-07-02	Common Stock	C	253605	—	Acquired	603672	Indirect
2021-07-02	Common Stock	C	1196911	—	Acquired	1800583	Indirect
2021-07-02	Common Stock	P	225500	$18.00	Acquired	2026083	Indirect
2021-07-02	Common Stock	C	14933	—	Acquired	16317	Indirect
2021-07-02	Common Stock	C	9333	—	Acquired	25650	Indirect
2021-07-02	Common Stock	C	10371	—	Acquired	36021	Indirect
2021-07-02	Common Stock	C	19666	—	Acquired	55687	Indirect
2021-07-02	Common Stock	C	92951	—	Acquired	148638	Indirect
2021-07-02	Common Stock	P	24750	$18.00	Acquired	173388	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-02	Series A-2 Preferred Stock	$	C	2300708	Disposed		Common Stock (58175)	Indirect
2021-07-02	Series B-2 Preferred Stock	$	C	2263778	Disposed		Common Stock (57241)	Indirect
2021-07-02	Series C-2 Preferred Stock	$	C	2810950	Disposed		Common Stock (71077)	Indirect
2021-07-02	Series D-2 Preferred Stock	$	C	3170896	Disposed		Common Stock (80178)	Indirect
2021-07-02	Series E-2 Preferred Stock	$	C	3298154	Disposed		Common Stock (83396)	Indirect
2021-07-02	Series F-2 Preferred Stock	$	C	10029566	Disposed		Common Stock (253605)	Indirect
2021-07-02	Series G Preferred Stock	$	C	18934168	Disposed		Common Stock (1196911)	Indirect
2021-07-02	Series B-2 Preferred Stock	$	C	590551	Disposed		Common Stock (14933)	Indirect
2021-07-02	Series C-2 Preferred Stock	$	C	369115	Disposed		Common Stock (9333)	Indirect
2021-07-02	Series D-2 Preferred Stock	$	C	410162	Disposed		Common Stock (10371)	Indirect
2021-07-02	Series F-2 Preferred Stock	$	C	777752	Disposed		Common Stock (19666)	Indirect
2021-07-02	Series G Preferred Stock	$	C	1470416	Disposed		Common Stock (92951)	Indirect

Footnotes

F1: Upon the closing of the Issuer's initial public offering, each share of Series A-2 Convertible Preferred Stock, Series B-2 Convertible Preferred Stock, Series C-2 Convertible Preferred Stock, Series D-2 Convertible Preferred Stock, Series E-2 Convertible Preferred Stock and Series F-2 Convertible Preferred Stock automatically converted into shares of common stock at a rate of 1-for-0.025857287.

F2: The securities are directly held by New Enterprise Associates 10, Limited Partnership ("NEA 10") and indirectly held by NEA Partners 10, the sole general partner of NEA 10, and Scott D. Sandell, the individual general partner of NEA Partners 10 (NEA Partners 10 and Mr. Sandell, together, the "NEA 10 Indirect Reporting Persons"). The NEA 10 Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 10 in which the NEA 10 Indirect Reporting Persons have no pecuniary interest.

F3: Upon the closing of the Issuer's initial public offering, each share of Series G Convertible Preferred Stock automatically converted into shares of common stock at a rate of 1-for-0.0632143218.

F4: The securities are directly held by New Enterprise Associates 8A, Limited Partnership ("NEA 8A") and are indirectly held by NEA Partners 10, Limited Partnership ("NEA Partners 10"), the sole general partner of NEA 8A, and Scott D. Sandell, the individual general partner of NEA Partners 10 (NEA Partners 10 and Mr. Sandell, together, the "NEA 8A Indirect Reporting Persons"). The NEA 8A Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 8A in which the NEA 8A Indirect Reporting Persons have no pecuniary interest.

F5: Upon the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into shares of common stock at the then-appliable conversion rate for no additional consideration (subject to the payment of cash in lieu of any fractional shares). The conversion rates reported reflect the conversion ratios under the Issuer's certificate of incorporation, adjusted to give effect to the previously effected 1-for-39.548 reverse stock split of the common stock.