Explanatory Note:
This Amendment No. 4 (this “Amendment”) amends and supplements the Schedule 13D originally filed by the Reporting Persons with the Commission on July 8, 2021, as amended by Amendment No. 1 filed with the Commission on November 9, 2023, Amendment No. 2 filed with the Commission on August 12, 2024 and Amendment No. 3 filed with the Commission on September 24, 2024 (collectively, the “Original Schedule 13D”). Only those items that are hereby reported are amended; all other items reported in the Original Schedule 13D remain unchanged. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Capitalized terms not defined in this Amendment have the meanings ascribed to them in the Original Schedule 13D.
Item 5. Interest in Securities of the Issuer
This information reported below is based on a total of 61,372,824 shares of the Issuer’s Common Stock outstanding as of August 5, 2024, as reported on the Issuer’s Form 10-Q filed with the Commission on August 8, 2024.
(a) and (b) See Items 7-11 and 13 of the cover pages of this Statement for each Reporting Person and Item 2 above.
(c) On October 28, 2024, Versant Vantage I sold 89,990 shares of Common Stock at a weighted average price per share of $9.6593 for aggregate proceeds of approximately $869,243.49.
On October 28, 2024, Versant VI effected a pro rata distribution without additional consideration of 1,019,867 shares of Common Stock to (i) Versant Ventures VI GP, its general partner and (ii) its limited partners. Versant Ventures VI GP then effected a pro rata distribution without additional consideration of the shares that it received in connection with such distribution to (i) Versant Ventures VI GP-GP, its general partner and (ii) its limited partners. Versant Ventures VI GP-GP then effected a pro rata distribution without additional consideration of the shares that it received in connection with such distribution to its members.
On October 28, 2024, Versant Vantage I effected a pro rata distribution without additional consideration of 366,590 shares of Common Stock to (i) Versant Vantage I GP, its general partner and (ii) its limited partners. Versant Vantage I GP then effected a pro rata distribution without additional consideration of the shares that it received in connection with such distribution to (i) Versant Vantage I GP-GP, its general partner and (ii) its limited partners. Versant Vantage I GP-GP then effected a pro rata distribution without additional consideration of the shares that it received in connection with such distribution to its members.
On October 29, 2024, Versant Vantage I sold 67,905 shares of Common Stock at a weighted average price per share of $9.1569 for aggregate proceeds of approximately $621,801.23.