Nuwellis, Inc. — Director's Dealing 2021

May 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Nuwellis, Inc. (NUWE)
CIK: 0001506492
Period of Report: 2021-05-19

Reporting Person: ERB JOHN L (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-19	Incentive Stock Option (right to buy)	$3.63	A	75973	Acquired	2031-05-18	Common Stock (75973)	Direct

Footnotes

F1: The options will vest as follows: 25% on the one (1) year anniversary of the date of the grant, with the remainder vesting in 36 equal consecutive monthly increments.