Chen Bihua Form 4 MoonLake Immunotherapeutics / Bihua Chen ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Chen Bihua

(Last) (First) (Middle)

C/O CORMORANT ASSET MANAGEMENT, LP

200 CLARENDON STREET, 52ND FLOOR

(Street)

BOSTON MA 02116

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MoonLake Immunotherapeutics [ MLTX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2023

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares								3,677,100	I	See Footnotes(1)
Class A Ordinary Shares	06/26/2023		P		1,481	A	$36.91(2)	3,678,581	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		3,755	A	$38.18(4)	3,682,336	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		10,593	A	$39.17(5)	3,692,929	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		38,623	A	$39.87(6)	3,731,552	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		50,642	A	$41.03(7)	3,782,194	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		61,042	A	$42.12(8)	3,843,236	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		66,087	A	$43.3(9)	3,909,323	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		31,558	A	$44.23(10)	3,940,881	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		10,946	A	$44.93(11)	3,951,827	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		37,783	A	$48.93(12)	3,989,610	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		59,787	A	$49.82(13)	4,049,397	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		17,662	A	$50.77(14)	4,067,059	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		8,697	A	$52.01(15)	4,075,756	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		4,725	A	$52.81(16)	4,080,481	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		21,823	A	$53.98(17)	4,102,304	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		18,949	A	$54.92(18)	4,121,253	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		1,453	A	$55.83(19)	4,122,706	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		1,894	A	$56.89(20)	4,124,600	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		295	A	$57.63(21)	4,124,895	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		1,302	A	$58.98(22)	4,126,197	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		417	A	$60.21(23)	4,126,614	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		136	A	$62.2(24)	4,126,750	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		139	A	$63.85(25)	4,126,889	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		95	A	$64.44(26)	4,126,984	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		16	A	$65.32	4,127,000	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		15	A	$70.62	4,127,015	I	See Footnotes(3)
Class A Ordinary Shares	06/26/2023		P		85	A	$72.46(27)	4,127,100	I	See Footnotes(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Helix Holdings LLC is the record holder of these securities. Bihua Chen is the manager of Helix Holdings LLC and has voting and investment discretion with respect to the securities held of record by Helix Holdings LLC. Ms. Chen disclaims any beneficial ownership of the securities held by Helix Holdings LLC other than to the extent of any pecuniary interest she may have therein, directly or indirectly.

2. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $36.20 to 37.00 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

3. Various funds (the "Cormorant Funds") managed by Cormorant Asset Management, LP are the record holders of these securities. Bihua Chen is the founder and managing member of Cormorant Asset Management, LP and has voting and investment discretion with respect to the ordinary shares held by the Cormorant Funds. Ms. Chen disclaims any beneficial ownership of such securities other than to the extent of any pecuniary interest she may have therein, directly or indirectly.

4. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $37.50 to $38.49 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

5. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $38.51 to $39.50 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

6. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $39.51 to $40.50 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

7. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $40.52 to $41.51 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

8. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $41.70 to $42.69 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

9. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $42.80 to $43.79 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

10. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $43.80 to $44.79 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

11. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $44.80 to $45.00 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

12. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $48.27 to $49.26 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

13. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $49.27 to $50.26 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

14. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $50.27 to $51.24 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

15. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $51.28 to $52.25 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

16. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $52.31 to $53.29 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

17. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $53.31 to $54.30 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

18. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $54.31 to $55.30 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

19. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $55.32 to $56.24 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

20. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $56.40 to $57.31 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

21. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $57.48 to $58.00 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

22. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $58.49 to $59.45 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

23. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $59.57 to $60.41 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

24. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $62.01 to $62.50 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

25. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $63.17 to $64.11 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

26. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $64.24 to $64.58 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

27. Represents ordinary shares purchased in a series of open market transactions on the transaction date at prices ranging from $72.41 to $72.50 per ordinary share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of ordinary shares purchased at each price.

	/s/ Bihua Chen	06/28/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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