This amendment (“Amendment No. 4”), amends the Schedule 13D originally filed with the Securities and Exchange Commission (“SEC”) on July 29, 2020, as subsequently amended by Amendment No. 1 filed on October 5, 2020 and Amendment No. 2 filed on February 1, 2021 and Amendment No. 3 filed on March 30, 2021 (collectively, the “Schedule”), to report the sale of shares by Novo Holdings A/S and that as of July 26, 2021 Novo A/S ceased to be the beneficial owner of more than five percent of the Issuer’s securities. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule.
Item 5. | Interest in Securities of the Issuer |
Item 5 is hereby amended and replaced in its entirety as follows:
(a) Novo Holdings A/S beneficially owns 1,167,706 shares of Common Stock representing approximately 4.97% of the Issuer’s outstanding shares of Common Stock, based upon 23,483,093 shares of the Issuer’s Common Stock outstanding as of May 7, 2021, as reported in the Issuer’s 10-K filed with the SEC on May 12, 2021.
(b) Novo Holdings A/S is a Danish corporation wholly owned by the Novo Nordisk Foundation. Novo Holdings A/S has the sole power to vote and dispose of the Novo Shares. Neither the Foundation nor any person listed on Schedule I has the power to direct the vote as to, or the disposition of the Novo Shares.
(c) On July 26, 2021, Novo Holdings A/S sold 700,000 shares at $16.75 per share in a block sale broker transaction. Except for this sale, no other transactions in the Issuer’s Common Stock were effected by Novo Holdings A/S nor the Foundation nor any person listed on Schedule I to the Schedule in the past 60 days.
(d) Novo Holdings A/S does not know of any other person having the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of the Issuer’s Common Stock beneficially owned by Novo Holdings A/S and reported herein.
(e) On July 26, 2021, Novo Holdings A/S ceased to be the beneficial owner of 5% or more of the Issuer’s common stock.
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