UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-l(a) AND AMENDMENTS THERETO FILED PURSUANT
TO RULE 13d-2(a)
(Amendment No. 1)*
IDEAYA Biosciences, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
45166A 102
(CUSIP Number)
Rebecca Lucia
5AM Venture Management, LLC
501 2nd Street, Suite 350
San Francisco, CA 94107
(415) 993-8565
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
November 11, 2020
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
CUSIP No. 45166A 102 | 13D | Page 2 of 13 |
1. | Name of Reporting Persons
5AM Ventures IV, L.P. | |||
2. | Check the Appropriate Box if a Member of a Group (see instructions) |
| ||
| (a) | o | ||
| (b) | x(1) | ||
3. | SEC USE ONLY | |||
4. | Source of Funds (see instructions)
WC | |||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) | o | ||
6. | Citizenship or Place of Organization
| |||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
0 | ||
8. | Shared Voting Power
2,187,428 shares of common stock (2) | |||
9. | Sole Dispositive Power
0 | |||
10. | Shared Dispositive Power
2,187,428 shares of common stock (2) | |||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
2,187,428 shares of common stock (2) | |||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | o | ||
13. | Percent of Class Represented by Amount in Row 11 7.5% (3) | |||
14. | Type of Reporting Person (see instructions)
PN | |||
(1) This Schedule 13D is filed by 5AM Partners IV, LLC (“5AM Partners IV”), 5AM Ventures IV, L.P. (“5AM IV”), 5AM Co-Investors IV, L.P. (“5AM Co-Investors IV”), 5AM Opportunities I, L.P. (“5AM Opportunities”), 5AM Opportunities I (GP), LLC (“5AM Opportunities GP”), Dr. John D. Diekman (“Diekman”), Andrew J. Schwab (“Schwab”) and Dr. Scott M. Rocklage (“Rocklage” and, with 5AM Partners IV, 5AM IV, 5AM Co-Investors IV, 5AM Opportunities, 5AM Opportunities GP, Diekman and Schwab, collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.
(2) These shares are held by 5AM IV. Diekman, Schwab and Rocklage, as Managing Members of 5AM Partners IV, share voting and investment authority over the shares held by 5AM IV.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2020 (the “10-Q”) filed on November 12, 2020 with the Securities and Exchange Commission (the “SEC”).
CUSIP No. 45166A 102 | 13D | Page 3 of 13 |
1. | Name of Reporting Persons
5AM Co-Investors IV, L.P. | |||
2. | Check the Appropriate Box if a Member of a Group (see instructions) |
| ||
| (a) | o | ||
| (b) | x(1) | ||
3. | SEC USE ONLY | |||
4. | Source of Funds (see instructions)
| |||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) | o | ||
6. | Citizenship or Place of Organization
Delaware, United States | |||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
0 | ||
8. | Shared Voting Power
91,142 shares of common stock (2) | |||
9. | Sole Dispositive Power
0 | |||
10. | Shared Dispositive Power
91,142 shares of common stock (2) | |||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
91,142 shares of common stock (2) | |||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | ¨ | ||
13. | Percent of Class Represented by Amount in Row 11
0.3% (3) | |||
14. | Type of Reporting Person (see instructions)
PN | |||
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.
(2) These shares are held by 5AM Co-Investors IV. Diekman, Schwab and Rocklage, as Managing Members of 5AM Partners IV, share voting and investment authority over the shares held by 5AM Co-Investors IV.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the 10-Q.
CUSIP No. 45166A 102 | 13D | Page 4 of 13 |
1. | Name of Reporting Persons
5AM Partners IV, LLC | |||
2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) (b) |
o x(1) | ||
3. | SEC USE ONLY | |||
4. | Source of Funds (see instructions)
AF | |||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) | o | ||
6. | Citizenship or Place of Organization
Delaware, United States | |||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
0 | ||
8. | Shared Voting Power
2,278,570 shares of common stock (2) | |||
9. | Sole Dispositive Power
0 | |||
10. | Shared Dispositive Power
2,278,570 shares of common stock (2) | |||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
2,278,570 shares of common stock (2) | |||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | o | ||
13. | Percent of Class Represented by Amount in Row 11
7.8% (3) | |||
14. | Type of Reporting Person (see instructions)
OO | |||
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.
(2) Includes (i) 2,187,428 shares held by 5AM IV; and (ii) 91,142 shares held by 5AM Co-Investors IV. Diekman, Schwab and Rocklage, as Managing Members of 5AM Partners IV, share voting and investment authority over the shares held by 5AM IV and 5AM Co-Investors IV.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the 10-Q.
CUSIP No. 45166A 102 | 13D | Page 5 of 13 |
1. | Name of Reporting Persons
5AM Opportunities I, L.P. | |||
2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) (b) |
o x(1) | ||
3. | SEC USE ONLY | |||
4. | Source of Funds (see instructions)
| |||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) | o | ||
6. | Citizenship or Place of Organization
Delaware, United States | |||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
0 | ||
8. | Shared Voting Power
384,496 shares of common stock (2) | |||
9. | Sole Dispositive Power
0 | |||
10. | Shared Dispositive Power
384,496 shares of common stock (2) | |||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
384,496 shares of common stock (2) | |||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | o | ||
13. | Percent of Class Represented by Amount in Row 11
1.3% (3) | |||
14. | Type of Reporting Person (see instructions)
PN | |||
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.
(2) These shares are held by 5AM Opportunities. Schwab and Dr. Kush Parmar, as Managing Members of 5AM Opportunities GP, share voting and investment authority over the shares held by 5AM Opportunities.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the 10-Q.
CUSIP No. 45166A 102 | 13D | Page 6 of 13 |
1. | Name of Reporting Persons
5AM Opportunities I (GP), LLC | |||
2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) (b) |
o x(1) | ||
3. | SEC USE ONLY | |||
4. | Source of Funds (see instructions)
AF | |||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) | o | ||
6. | Citizenship or Place of Organization
Delaware, United States | |||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
0 | ||
8. | Shared Voting Power
384,496 shares of common stock (2) | |||
9. | Sole Dispositive Power
0 | |||
10. | Shared Dispositive Power
384,496 shares of common stock (2) | |||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
384,496 shares of common stock (2) | |||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | o | ||
13. | Percent of Class Represented by Amount in Row 11
1.3% (3) | |||
14. | Type of Reporting Person (see instructions)
OO | |||
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.
(2) Includes 384,496 shares held by 5AM Opportunities. Schwab and Dr. Kush Parmar, as Managing Members of 5AM Opportunities GP, share voting and investment authority over the shares held by 5AM Opportunities.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the 10-Q.
CUSIP No. 45166A 102 | 13D | Page 7 of 13 |
1. | Name of Reporting Persons
Dr. John D. Diekman | |||
2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) (b) |
o x(1) | ||
3. | SEC USE ONLY | |||
4. | Source of Funds (see instructions)
AF | |||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) | o | ||
6. | Citizenship or Place of Organization
United States | |||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
0 | ||
8. | Shared Voting Power
2,278,570 shares of common stock (2) | |||
9. | Sole Dispositive Power
0 | |||
10. | Shared Dispositive Power
2,278,570 shares of common stock (2) | |||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
2,278,570 shares of common stock (2) | |||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | o | ||
13. | Percent of Class Represented by Amount in Row 11
7.8% (3) | |||
14. | Type of Reporting Person (see instructions)
IN | |||
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.
(2) Includes (i) 2,187,428 shares held by 5AM IV; and (ii) 91,142 shares held by 5AM Co-Investors IV. Diekman, Schwab and Rocklage, as Managing Members of 5AM Partners IV, share voting and investment authority over the shares held by 5AM IV and 5AM Co-Investors IV.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the 10-Q.
CUSIP No. 45166A 102 | 13D | Page 8 of 13 |
1. | Name of Reporting Persons
Andrew J. Schwab | |||
2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) (b) |
o x(1) | ||
3. | SEC USE ONLY | |||
4. | Source of Funds (see instructions)
AF | |||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) | o | ||
6. | Citizenship or Place of Organization
United States | |||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
0 | ||
8. | Shared Voting Power
2,663,066 shares of common stock (2) | |||
9. | Sole Dispositive Power
0 | |||
10. | Shared Dispositive Power
2,663,066 shares of common stock (2) | |||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
2,663,066 shares of common stock (2) | |||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions)
| o | ||
13. | Percent of Class Represented by Amount in Row 11
9.2% (3) | |||
14. | Type of Reporting Person (see instructions)
IN | |||
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.
(2) Includes (i) 2,187,428 shares held by 5AM IV; (ii) 91,142 shares held by 5AM Co-Investors IV; and (iii) 384,496 shares held by 5AM Opportunities. Diekman, Schwab and Rocklage, as Managing Members of 5AM Partners IV, share voting and investment authority over the shares held by 5AM IV and 5AM Co-Investors IV. Schwab and Dr. Kush Parmar, as Managing Members of 5AM Opportunities GP, share voting and investment authority over the shares held by 5AM Opportunities.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the 10-Q.
CUSIP No. 45166A 102 | 13D | Page 9 of 13 |
1. | Name of Reporting Persons
Dr. Scott M. Rocklage | |||
2. | Check the Appropriate Box if a Member of a Group (see instructions) (a) (b) |
o x(1) | ||
3. | SEC USE ONLY | |||
4. | Source of Funds (see instructions)
AF | |||
5. | Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e) | o | ||
6. | Citizenship or Place of Organization
United States | |||
Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power
0 | ||
8. | Shared Voting Power
2,278,570 shares of common stock (2) | |||
9. | Sole Dispositive Power
0 | |||
10. | Shared Dispositive Power
2,278,570 shares of common stock (2) | |||
11. | Aggregate Amount Beneficially Owned by Each Reporting Person
2,278,570 shares of common stock (2) | |||
12. | Check if the Aggregate Amount in Row (11) Excludes Certain Shares (see instructions) | o | ||
13. | Percent of Class Represented by Amount in Row 11
7.8% (3) | |||
14. | Type of Reporting Person (see instructions)
IN | |||
(1) This Schedule 13D is filed by the Reporting Persons. The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.
(2) Includes (i) 2,187,428 shares held by 5AM IV; and (ii) 91,142 shares held by 5AM Co-Investors IV. Diekman, Schwab and Rocklage, as Managing Members of 5AM Partners IV, share voting and investment authority over the shares held by 5AM IV and 5AM Co-Investors IV.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the 10-Q.
CUSIP No. 45166A 102 | 13D | Page 10 of 13 |
Explanatory Note: This Amendment No. 1 (the “Amendment”), which amends the Schedule13D filed with the Securities and Exchange Commission (the “SEC”) on June 10, 2019 (the “Original Schedule 13D”) is being filed on behalf of 5AM Partners IV, LLC (“5AM Partners IV”), 5AM Ventures IV, L.P. (“5AM IV”), 5AM Co-Investors IV, L.P. (“5AM Co-Investors IV”), 5AM Opportunities I, L.P. (“5AM Opportunities”), 5AM Opportunities I (GP), LLC (“5AM Opportunities GP”), Dr. John D. Diekman (“Diekman”), Andrew J. Schwab (“Schwab”) and Dr. Scott M. Rocklage (“Rocklage” and, with 5AM Partners IV, 5AM IV, 5AM Co-Investors IV, 5AM Opportunities, 5AM Opportunities GP, Diekman and Schwab, collectively, the “Reporting Persons”) in respect of the Common Stock, $0.0001 par value per share (“Common Stock”), of IDEAYA Biosciences, Inc., a Delaware corporation (the “Issuer” or “IDEAYA”). This Amendment is being filed by the Reporting Persons to report open market sales of Common Stock on November 11, 2020. Accordingly, the number of securities beneficially owned by the Reporting Persons has decreased as described in Items 4 and 5 below.
Items 4 and 5 of the Original Schedule 13D are hereby amended and supplemented to the extent hereinafter expressly set forth and, except as amended and supplemented hereby, the Original Schedule 13D remains in full force and effect. All capitalized terms used in this Amendment but not defined herein shall have the meanings ascribed thereto in the Original Schedule 13D.
Item 4. Purpose of Transaction
Item 4 of the Original Schedule 13D is hereby amended and supplemented by adding the following paragraph at the end of Item 4:
On November 11, 2020, the Reporting Persons sold an aggregate of 800,000 shares of Common Stock, in open market transactions, as set forth below:
Reporting Person |
| Shares Sold |
| Low Price |
| High Price |
| Weighted |
| |||
5AM IV |
| 657,117 |
| $ | 13.50 |
| $ | 13.75 |
| $ | 13.66 |
|
Co-Investors IV |
| 27,379 |
| $ | 13.50 |
| $ | 13.75 |
| $ | 13.66 |
|
5AM Opportunities |
| 115,504 |
| $ | 13.50 |
| $ | 13.75 |
| $ | 13.66 |
|
CUSIP No. 45166A 102 | 13D | Page 11 of 13 |
Item 5. Interest in Securities of the Issuer
Item 5 of the Original Schedule 13D is hereby amended and restated in its entirety as follows:
(a) — (b). The following information with respect to the ownership of the Common Stock of the Issuer by the persons filing this statement on Schedule 13D is provided as of November 13, 2020:
Reporting Persons |
| Shares Held |
| Sole Voting |
| Shared |
| Sole |
| Shared |
| Beneficial |
| Percentage |
|
5AM IV |
| 2,187,428 |
| 0 |
| 2,187,428 |
| 0 |
| 2,187,428 |
| 2,187,428 |
| 7.5 | % |
5AM Co-Investors IV |
| 91,142 |
| 0 |
| 91,142 |
| 0 |
| 91,142 |
| 91,142 |
| 0.3 | % |
5AM Partners IV (1) |
| 0 |
| 0 |
| 2,278,570 |
| 0 |
| 2,278,570 |
| 2,278,570 |
| 7.8 | % |
5AM Opportunities |
| 384,496 |
| 0 |
| 384,496 |
| 0 |
| 384,496 |
| 384,496 |
| 1.3 | % |
5AM Opportunities GP (2) |
| 0 |
| 0 |
| 384,496 |
| 0 |
| 384,496 |
| 384,496 |
| 1.3 | % |
Diekman (1) |
| 0 |
| 0 |
| 2,278,570 |
| 0 |
| 2,278,570 |
| 2,278,570 |
| 7.8 | % |
Schwab (1) (2) |
| 0 |
| 0 |
| 2,663,066 |
| 0 |
| 2,663,066 |
| 2,663,066 |
| 9.2 | % |
Rocklage (1) |
| 0 |
| 0 |
| 2,278,570 |
| 0 |
| 2,278,570 |
| 2,278,570 |
| 7.8 | % |
(1) Includes 2,187,428 shares of Common Stock held by 5AM IV and 91,142 shares of Common Stock held by 5AM Co-Investors IV. Diekman, Schwab and Rocklage, as managing members of 5AM Partners IV, share voting and investment authority over the shares held by 5AM IV and 5AM Co-Investors IV.
(2) Includes 384,496 shares of Common Stock held by 5AM Opportunities. Schwab and Parmar, as managing members of 5AM Opportunities GP, share voting and investment authority over the shares held by 5AM Opportunities.
(3) This calculation is based on 29,069,719 shares of Common Stock, par value $0.0001 per share, outstanding as of November 6, 2020, as reported in the Issuer’s Form 10-Q for the quarterly period ended September 30, 2020 (the “10-Q”) filed on November 12, 2020 with the SEC.
(c) Except as set forth herein, none of the Reporting Persons has effected any transactions in shares of the Issuer’s Common Stock during the last 60 days.
(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, the shares of Common Stock beneficially owned by any of the Reporting Persons.
(e) Not applicable.
CUSIP No. 45166A 102 | 13D | Page 12 of 13 |
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: November 16, 2020
| 5AM Ventures IV, L.P. | |
|
|
|
| By: | 5AM Partners IV, LLC, |
|
| Its General Partner |
|
|
|
| By: | /s/ Andrew J. Schwab |
|
| Andrew J. Schwab |
|
| Managing Member |
|
|
|
| 5AM Co-Investors IV, L.P. | |
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|
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| By: | 5AM Partners IV, LLC, |
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| Its General Partner |
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| By: | /s/ Andrew J. Schwab |
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| Andrew J. Schwab |
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| Managing Member |
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| 5AM Partners IV, LLC | |
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| By: | /s/ Andrew J. Schwab |
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| Andrew J. Schwab |
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| Managing Member |
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| 5AM Opportunities I, L.P. | |
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| By: | 5AM Opportunities I (GP), LLC, |
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| Its General Partner |
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| By: | /s/ Dr. Kush M. Parmar |
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| Dr. Kush M. Parmar |
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| Managing Member |
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| 5AM Opportunities I (GP), LLC | |
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| By: | /s/ Dr. Kush M. Parmar |
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| Dr. Kush M. Parmar |
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| Managing Member |
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| DR. JOHN D. DIEKMAN | |
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| By: | /s/ Dr. John D. Diekman |
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| Dr. John D. Diekman |
CUSIP No. 45166A 102 | 13D | Page 13 of 13 |
| ANDREW J. SCHWAB | |
|
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| By: | /s/ Andrew J. Schwab |
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| Andrew J. Schwab |
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| DR. SCOTT M. ROCKLAGE | |
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| By: | /s/ Dr. Scott M. Rocklage |
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| Dr. Scott M. Rocklage |
