EXAGEN INC. — Director's Dealing 2019

Sep 18, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: EXAGEN INC. (XGN)
CIK: 0001274737
Period of Report: 2019-09-18

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)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	716	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants	$688.63		Common Stock (1434)		Indirect
Warrants	$1.84		Common Stock (170093)		Indirect
Warrants	$1.84		Common Stock (31918)		Indirect
Warrants	$14.3235		Series E Redeemable Convertible Preferred Stock (604864)		Indirect
Series A-3 Redeemable Convertible Preferred Stock	$		Common Stock (1195)		Indirect
Series C Redeemable Convertible Preferred Stock	$		Common Stock (23220)		Indirect
Series E Redeemable Convertible Preferred Stock	$		Common Stock (647475)		Indirect
Series F Redeemable Convertible Preferred Stock	$		Common Stock (326891)		Indirect
Series H Redeemable Convertible Preferred Stock	$		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 indirectly beneficially own the securities held by Hunt Holdings Limited Partnership, but each disclaims 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 terminate upon closing of the Issuer's initial public offering.

F3: The warrants are currently exercisable and will expire on January 19, 2026.

F4: The warrants are currently exercisable and will expire on March 31, 2026.

F5: 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 will automatically convert into Common Stock upon the closing of the Issuer's initial public offering.

F6: 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 will automatically convert into Common Stock upon the closing of the Issuer's initial public offering.

F7: 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 will automatically convert into Common Stock upon the closing of the Issuer's initial public offering.

F8: 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 will automatically convert into Common Stock upon the closing of the Issuer's initial public offering.

F9: 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 will automatically convert into Common Stock upon the closing of the Issuer's initial public offering.