Kyverna Therapeutics (KYTX) SC 13G Kyverna Therapeutics / GILEAD SCIENCES ownership change

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No.  )*

Kyverna Therapeutics, Inc.

(Name of Issuer)

Common Stock, par value $0.00001 per share

(Title of Class of Securities)

501976104

(CUSIP Number)

February 12, 2024

(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 purposes 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. 501976104

1	NAMES OF REPORTING PERSONS  Gilead Sciences, Inc.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)  (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  4,126,119
	6	SHARED VOTING POWER  0
	7	SOLE DISPOSITIVE POWER  4,126,119
	8	SHARED DISPOSITIVE POWER  0

9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON  4,126,119
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)  9.6%(1)
12	TYPE OF REPORTING PERSON*  CO

⁽¹⁾  Percentage based on 42,997,525 shares of Common Stock outstanding, as disclosed in the Issuer’s prospectus filed with the U.S. Securities and Exchange Commission (“SEC”) pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended (the “Securities Act”), on February 8, 2024 and the Issuer’s Current Report on Form 8-K (“Form 8-K”) filed with the SEC on February 12, 2024.

Item 1(a)	Name of Issuer:
	Kyverna Therapeutics, Inc. (the “Issuer”)
Item 1(b)	Address of Issuer’s Principal Executive Offices:
	5980 Horton St., STE 550 Emeryville, CA 94608
Item 2(a)	Name of Person Filing:
	Gilead Sciences, Inc.
Item 2(b)	Address of Principal Business Office or, if none, Residence:
	333 Lakeside Drive Foster City, California 94404
Item 2(c)	Citizenship:
	Delaware
Item 2(d)	Title of Class of Securities:
	Common Stock, par value $0.00001 per share
Item 2(e)	CUSIP No.:
	501976104

Item 3 If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a:

(a)	☐	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	☐	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	☐	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	☐	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
(e)	☐	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	☐	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	☐	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	☐	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	☐	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);
(k)	☐	Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4	Ownership:
	(a) Amount beneficially owned: 4,126,119
	(b) Percent of class: 9.6%(2)
	(c) Number of shares as to which such person has:
	(i) Sole power to vote or direct the vote: 4,126,119
	(ii) Shared power to vote or direct the vote: 0
	(iii) Sole power to dispose or direct the disposition: 4,126,119
	(iv) Shared power to dispose or direct the disposition: 0
(2)  Percentage based on 42,997,525 shares of Common Stock outstanding, as disclosed in the Issuer’s prospectus filed with the SEC pursuant to Rule 424(b)(4) under the Securities Act on February 8, 2024 and the Issuer’s Form 8-K filed with the SEC on February 12, 2024.
Item 5	Ownership of Five Percent or Less of a Class:
	If this statement is being filed to report the fact that as of the date hereof each of the Reporting Persons has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.
Item 6	Ownership of More Than Five Percent on Behalf of Another Person:
	N/A
Item 7	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person:
	N/A
Item 8	Identification and Classification of Members of the Group:
	N/A
Item 9	Notice of Dissolution of Group:
	N/A
Item 10	Certification:
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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 20, 2024

Gilead Sciences, Inc.
By:	/s/ Andrew D. Dickinson
	Name: Andrew D. Dickinson
	Title: Executive Vice President and Chief Financial Officer