Erasca (ERAS) SC 13G/A Erasca / City Hill ownership change

United States

Securities and Exchange Commission

Washington, D.C. 20549

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)*

Erasca, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

29479A108

(CUSIP Number)

December 31, 2022

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

* 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 the disclosures provided in a prior cover page.

The information required in 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 (however, see the Notes).

CUSIP No. 29479A108 Schedule 13G Page 1 of 8

1	Names of Reporting Persons   City Hill, LLC
2	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☐
3	SEC Use Only
4	Citizenship or Place of Organization   Delaware

Number of Shares  Beneficially  Owned by Each Reporting Person With	5	Sole Voting Power   0
	6	Shared Voting Power   11,899,360
	7	Sole Dispositive Power   0
	8	Shared Dispositive Power   11,899,360

9	Aggregate Amount Beneficially Owned by Each Reporting Person   11,899,360
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares   Not Applicable
11	Percent of Class Represented by Amount in Row 9   9.7%
12	Type of Reporting Person   OO

CUSIP No. 29479A108 Schedule 13G Page 2 of 8

1	Names of Reporting Persons   Jonathan E. Lim
2	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☐
3	SEC Use Only
4	Citizenship or Place of Organization   Canada

Number of Shares  Beneficially  Owned by Each Reporting Person With	5	Sole Voting Power   197,750
	6	Shared Voting Power   30,095,576
	7	Sole Dispositive Power   197,750
	8	Shared Dispositive Power   30,095,576

9	Aggregate Amount Beneficially Owned by Each Reporting Person   30,293,326
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares   Not Applicable
11	Percent of Class Represented by Amount in Row 9   24.7%
12	Type of Reporting Person   IN

CUSIP No. 29479A108 Schedule 13G Page 3 of 8

1	Names of Reporting Persons   Conyee T. Lim
2	Check the Appropriate Box if a Member of a Group   (a)  ☐        (b)  ☐
3	SEC Use Only
4	Citizenship or Place of Organization   United States

Number of Shares  Beneficially  Owned by Each Reporting Person With	5	Sole Voting Power   0
	6	Shared Voting Power   18,196,216
	7	Sole Dispositive Power   0
	8	Shared Dispositive Power   18,196,216

9	Aggregate Amount Beneficially Owned by Each Reporting Person   18,196,216
10	Check if the Aggregate Amount in Row (9) Excludes Certain Shares   Not Applicable
11	Percent of Class Represented by Amount in Row 9   14.9%
12	Type of Reporting Person   IN

CUSIP No. 29479A108 Schedule 13G Page 4 of 8

ITEM 1. (a)      Name of Issuer:

Erasca, Inc. (the “Issuer”).

(b) Address of Issuer’s Principal Executive Offices:

3115 Merryfield Row, Suite 300, San Diego, CA 92121

ITEM 2. (a)      Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

City Hill, LLC

Jonathan E. Lim

Conyee T. Lim

(b) Address or Principal Business Office:

The principal business address of the Reporting Persons is c/o Erasca, Inc., 3115 Merryfield Row, Suite 300, San Diego, CA 92121.

(c) Citizenship of each Reporting Person is:

City Hill, LLC is organized under the laws of the State of Delaware. Jonathan E. Lim is a citizen of Canada and Conyee T. Lim is a citizen of the United States.

(d) Title of Class of Securities:

Common stock, $0.0001 par value per share (“Common Stock”).

(e) CUSIP Number:

29479A108

ITEM 3.

Not applicable.

CUSIP No. 29479A108 Schedule 13G Page 5 of 8

ITEM 4. Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Common Stock as of December 31, 2022, based upon 122,361,616 shares of Common Stock outstanding as of November 2, 2022, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 9, 2022.

Reporting Person	Amount beneficially owned		Percent of class:			Sole power to vote or to direct the vote:		Shared power to vote or to direct the vote:		Sole power to dispose or to direct the disposition of:		Shared power to dispose or to direct the disposition of:
City Hill, LLC		11,899,360		9.7	%		0		11,899,360		0		11,899,360
Jonathan E. Lim		30,293,326		24.7	%		197,750		30,095,576		197,750		30,095,576
Conyee T. Lim		18,196,216		14.9	%		0		18,196,216		0		18,196,216

City Hill, LLC is the record holder of 11,899,360 shares of Common Stock. Jonathan E. Lim is the Managing Partner of City Hill, LLC and as a result may be deemed to share beneficial ownership of the shares of Common Stock held of record by City Hill, LLC. Jonathan E. Lim may be deemed to beneficially own 197,750 shares of Common Stock underlying stock options exercisable on or prior to March 1, 2023.

In addition, Jonathan E. Lim and Conyee T. Lim serve as co-trustees of a family trust that is the record holder of 18,196,216 shares of Common Stock. As a result, each of Jonathan E. Lim and Conyee T. Lim may be deemed to share beneficial ownership of the shares of Common Stock held of record by such trust.

ITEM 5. Ownership of Five Percent or Less of a Class.

Not applicable.

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

CUSIP No. 29479A108 Schedule 13G Page 6 of 8

ITEM 8. Identification and Classification of Members of the Group.

Not applicable.

ITEM 9. Notice of Dissolution of Group.

Not applicable.

ITEM 10. Certification.

Not applicable.

CUSIP No. 29479A108 Schedule 13G Page 7 of 8

SIGNATURE

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: February 14, 2023

City Hill, LLC
By:	/s/ Jonathan E. Lim, M.D.

Name:	Jonathan E. Lim, M.D.
Title:	Managing Partner
Jonathan E. Lim
/s/ Jonathan E. Lim, M.D.
Conyee T. Lim
/s/ Conyee T. Lim, M.D.

CUSIP No. 29479A108 Schedule 13G Page 8 of 8

LIST OF EXHIBITS

Exhibit No.	Description
99	Joint Filing Agreement (previously filed).