EXAGEN INC. — Director's Dealing 2019

Sep 23, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXAGEN INC. (XGN)
CIK: 0001274737
Period of Report: 2019-09-19

Reporting Person: Hunt Holdings Limited Partnership (10% Owner)
Reporting Person: HuntVest, LLC (10% Owner)
Reporting Person: Hunt Guaranty Inc. (10% Owner)
Reporting Person: Hunt Woody L (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-19	Common Stock	X	202011	$1.84	Acquired	202727	Indirect
2019-09-19	Common Stock	X	10557	$14.3235	Acquired	213284	Indirect
2019-09-19	Common Stock	F	28106	$18.58	Disposed	185178	Indirect
2019-09-23	Common Stock	C	1293637	$0.00	Acquired	1478815	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-19	Warrants	$1.84	C	170093	Disposed		Common Stock (170093)	Indirect
2019-09-19	Warrants	$1.84	C	31918	Disposed		Common Stock (31918)	Indirect
2019-09-19	Warrants	$14.3235	X	10557	Disposed		Common Stock (10557)	Indirect
2019-09-23	Series A-3 Redeemable Convertible Preferred Stock	$	C	219548	Disposed		Common Stock (1195)	Indirect
2019-09-23	Series C Redeemable Convertible Preferred Stock	$	C	1330416	Disposed		Common Stock (23221)	Indirect
2019-09-23	Series E Redeemable Convertible Preferred Stock	$	C	37096550	Disposed		Common Stock (647476)	Indirect
2019-09-23	Series F Redeemable Convertible Preferred Stock	$	C	60028640	Disposed		Common Stock (326891)	Indirect
2019-09-23	Series H Redeemable Convertible Preferred Stock	$	C	54145517	Disposed		Common Stock (294854)	Indirect

Footnotes

F1: Represents securities held of record by Hunt Holdings Limited Partnership. Woody L. Hunt is the majority shareholder of Hunt Guaranty Inc., which is the sole member of HuntVest, LLC, which is the general partner of Hunt Holdings Limited Partnership. As a result, Mr. Hunt and each of the foregoing entities may be deemed to beneficially own the securities held by Hunt Holdings Limited Partnership, but each dislcaims beneficial ownership of such securities except to the extent of his or its respective pecuniary interest therein, if any.

F2: The warrants are currently exercisable and will expire on January 19, 2026.

F3: The warrants are currently exercisable and will expire on March 31, 2026.

F4: The warrants are currently exercisable and will terminate upon closing of the Issuer's initial public offering.

F5: Represents warrants that previously entitled the holders to purchase Series E Redeemable Convertible Preferred Stock, which, pursuant to their terms, were settled in shares of the Issuer's Common Stock.

F6: The Series A-3 Redeemable Convertible Preferred Stock (the "Series A-3") is convertible into the Issuer's Common Stock on a 183.635-for-one basis at the holder's election and has no expiration date. The Series A-3 automatically converted into Common Stock upon the closing of the Issuer's initial public offering.

F7: The Series C Redeemable Convertible Preferred Stock (the "Series C") is convertible into the Issuer's Common Stock on a 57.294-for-one basis at the holder's election and has no expiration date. The Series C automatically converted into Common Stock upon the closing of the Issuer's initial public offering.

F8: The Series E Redeemable Convertible Preferred Stock (the "Series E") is convertible into the Issuer's Common Stock on a 57.294-for-one basis at the holder's election and has no expiration date. The Series E automatically converted into Common Stock upon the closing of the Issuer's initial public offering.

F9: The Series F Redeemable Convertible Preferred Stock ("Series F") is convertible into the Issuer's Common Stock on a 183.635-for-one basis at the holder's election and has no expiration date. The Series F automatically converted into Common Stock upon the closing of the Issuer's initial public offering.

F10: The Series H Redeemable Convertible Preferred Stock ("Series H") is convertible into the Issuer's Common Stock on a 183.635-for-one basis at the holder's election and has no expiration date. The Series H automatically converted into Common Stock upon the closing of the Issuer's initial public offering.