10% owner Foresite Capital Management V purchased 2,500,000 shares for $40,000,000.00 at $16.00; now holds 4.20M shares post-transaction.
Foresite Capital Management V, a 10% owner, executed 2 separate purchases totaling 2,500,000 shares for $40,000,000.00 at $16.00 on 2024-07-01, increasing its stake from 1.70M to 4.20M shares (+146.8% vs pre-transaction holdings). This filing involves a derivative-conversion transaction; the insider's full position resides in Form 4 Table II, which is not yet populated in the database, so the reported 4.20M shares do not represent the complete position. A cluster pattern is present: 2 other insiders also bought within the past 14 days. The company listed just 4 trading days prior (2024-06-27), and the current market price of $11.65 is below the transaction price of $16.00.