Funicular Funds, LP - Jul 1, 2022 Form 4 Insider Report for ARCA biopharma, Inc. (ABIO)

Role: Other*, 10%+ Owner
Signature: /s/ Jacob Ma-Weaver
Stock symbol: ABIO
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/8/2022, 07:17 PM
Next filing: Dec 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ABIO	Common Stock	Other	$0	-2.58M	-50%	$0.00	2.58M	Jul 1, 2022	By the Funicular Fund, LP	F1, F2
transaction	ABIO	Common Stock	Other	$0	+2.58M		$0.00	2.58M	Jul 1, 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ABIO	Put Option	Other	$0	-14.5K	-100%	$0.00^*	0	Jul 1, 2022	Common Stock	1.45M	$2.50	By the Funicular Fund	F1, F2, F3
transaction	ABIO	Put Option	Other	$0	+14.5K	+1.01%	$0.00	1.45M	Jul 1, 2022	Common Stock	1.45M	$2.50	Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is filed by Funicular Funds, LP (the "Reporting Person" or the "Fund"). The Reporting Person, the Funicular Fund ("Funicular"), Cable Car Capital LLC ("Cable Car") and Jacob Ma- Weaver 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 Reporting Person, Funicular and Cable Car and Mr. Ma-Weaver disclaim beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
F2	Represents securities directly owned by the Fund. Funicular, as a feeder fund to the Fund, may be deemed to beneficially own the 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.
F3	The reported transactions involved a transfer of 2,580,452 shares of the Issuer's Common Stock and European-style put options referencing an aggregate of 1,450,000 Shares by Funicular to the Fund in a transaction exempt from Section 16, pursuant to Rule 16a-13 or otherwise.