Mack H. Hicks - Jul 19, 2021 Form 4 Insider Report for Sight Sciences, Inc. (SGHT)

Role
Director, 10%+ Owner
Signature
HEP PARTNERS LLC, By: /s/ Thomas O. Hicks, Name: Thomas O. Hicks, Title: Managing Member
Stock symbol
SGHT
Transactions as of
Jul 19, 2021
Transactions value $
$0
Form type
4
Date filed
7/19/2021, 06:34 PM
Previous filing
Jul 14, 2021
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGHT Common Stock Conversion of derivative security +2.67M 2.67M Jul 19, 2021 See Footnotes F1, F2, F3, F4, F5, F6, F7
transaction SGHT Common Stock Conversion of derivative security +1.72M 1.72M Jul 19, 2021 See Footnotes F1, F3, F4, F5, F6, F8, F9
holding SGHT Common Stock 86.2K Jul 19, 2021 See Footnotes F3, F4, F5, F6, F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction SGHT Series A Redeemable Convertible Preferred Stock Conversion of derivative security -3.77M -100% 0 Jul 19, 2021 Common Stock 1.88M See Footnotes F1, F3, F4, F5, F6, F11
transaction SGHT Series B Redeemable Convertible Preferred Stock Conversion of derivative security -513K -100% 0 Jul 19, 2021 Common Stock 257K See Footnotes F1, F3, F4, F5, F6, F11
transaction SGHT Series B Redeemable Convertible Preferred Stock Conversion of derivative security -2.76M -100% 0 Jul 19, 2021 Common Stock 1.38M See Footnotes F1, F3, F4, F5, F6, F12
transaction SGHT Series C Redeemable Convertible Preferred Stock Conversion of derivative security -1.06M -100% 0 Jul 19, 2021 Common Stock 529K See Footnotes F1, F3, F4, F5, F6, F11
transaction SGHT Series C Redeemable Convertible Preferred Stock Conversion of derivative security -669K -100% 0 Jul 19, 2021 Common Stock 335K See Footnotes F1, F3, F4, F5, F6, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The preferred stock converted into common stock on a 2 for 1 basis automatically upon the closing of the initial public offering of the Issuer's common stock, effective July 19, 2021. The shares had no expiration date. The receipt of such common stock in connection with such automatic conversion of preferred stock, is exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16b-6(b) thereunder.
F2 Represents common stock received by HH Sight Partners, L.P. ("HH Sight Partners") in connection with the automatic conversion of all of its preferred stock.
F3 This statement is jointly filed by and on behalf of each of Mack H. Hicks, Thomas O. Hicks, HH Sight Partners, HH-IOP Partners, L.P. ("HH-IOP"), HH Sight Partners GP, L.P. (the "GP"), HH Sight LLC (the "GP of GP"), and HEP Partners LLC ("HEP"). HH Sight Partners, HH-IOP, and Mack H. Hicks, as Trustee of the MHH 2016 Descendants Trust, are the direct beneficial owners of the securities covered by this statement.
F4 The GP is the general partner of, and may be deemed to beneficially own securities owned by, each of HH Sight Partners and HH-IOP. The GP of the GP is the general partner of, and may be deemed to beneficially own securities owned by, the GP. Mack H. Hicks and Thomas O. Hicks are the co-managers of, and may each be deemed to beneficially own securities owned by, the GP of the GP. HEP is the investment manager of, and may be deemed to beneficially own securities owned by, each of HH Sight Partners and HH-IOP. Thomas O. Hicks is the Chairman, President, and Chief Executive Officer of, and may be deemed to beneficially own securities owned by, HEP.
F5 Each reporting person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities covered by this statement. Each reporting person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
F6 Each reporting person may be deemed to be a member of a group with respect to the Issuer or securities of the Issuer for purposes of Section 13(d) or 13(g) of the Exchange Act. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Exchange Act or any other purpose, a member of a group with respect to the Issuer or securities of the Issuer.
F7 Represents common stock directly held by HH Sight Partners.
F8 Represents common stock received by HH-IOP in connection with the automatic conversion of all of its preferred stock.
F9 Represents common stock directly held by HH-IOP.
F10 Represents common stock directly held by Mack H. Hicks, as Trustee of the MHH 2016 Descendants Trust.
F11 Represents preferred stock directly held by HH Sight Partners.
F12 Represents preferred stock directly held by HH-IOP.