Jonathan E. Lim - 20 Jul 2021 Form 4 Insider Report for Erasca, Inc. (ERAS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
20 Jul 2021, 20:58:45 UTC
Prior SEC filing
15 Jul 2021
Next SEC filing
03 Feb 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Ebun S. Garner, Attorney-in-Fact

Key filing fact

Jonathan E. Lim filed Form 4 for Erasca, Inc. (ERAS) on 20 Jul 2021.

Key facts

  • This page summarizes Jonathan E. Lim's Form 4 filing for Erasca, Inc. (ERAS).
  • 6 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 20 Jul 2021, 20:58.

Change

  • Previous filing in this sequence was filed on 15 Jul 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ERAS transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+5,135,390
Change %
+34%
Price
Shares after
20,156,222
Date
20 Jul 2021
Ownership
By Jonathan E. Lim and Conyee T. Lim Family Trust, dated April 28, 2005
Footnotes
F1, F2
ERAS transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+5,441,027
Change %
+84%
Price
Shares after
11,899,360
Date
20 Jul 2021
Ownership
By City Hill, LLC
Footnotes
F1, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ERAS transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
Shares
-6,162,468
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By the Jonathan E. Lim and Conyee T. Lim Family Trust, dated April 28, 2005
Underlying class
Common Stock
Underlying amount
5,135,390
Exercise price
$0.000000
Footnotes
F1, F2
ERAS transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
Shares
-6,081,233
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By City Hill, LLC
Underlying class
Common Stock
Underlying amount
5,067,694
Exercise price
$0.000000
Footnotes
F1, F3
ERAS transaction Derivative

Series B-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-336,000
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By City Hill, LLC
Underlying class
Common Stock
Underlying amount
280,000
Exercise price
$0.000000
Footnotes
F1, F3
ERAS transaction Derivative

Series B-2 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-112,000
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By City Hill, LLC
Underlying class
Common Stock
Underlying amount
93,333
Exercise price
$0.000000
Footnotes
F1, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The shares of the Issuer's Series A and Series B Preferred Stock automatically converted into shares of the Issuer's Common Stock, for no additional consideration, at a ratio of 1.2-for-1 share, immediately prior to the consummation of the Issuer's initial public offering.

Footnote F2

The securities reported herein may be deemed beneficially owned by each of (i) Jonathan E. Lim, M.D. and (ii) Conyee T. Lim, M.D., who are co-trustees of the Jonathan E. Lim and Conyee T. Lim Family Trust, dated April 28, 2005.

Footnote F3

Consists of shares held directly by City Hill, LLC ("City Hill"). Jonathan E. Lim, M.D. serves as the managing partner of City Hill. Dr. Lim exercises voting and dispositive control over the securities held by City Hill and is therefore deemed to be a beneficial owner of securities owned by City Hill. Dr. Lim disclaims beneficial ownership of the reported securities held by City Hill, except to the extent of his pecuniary interest therein.

SEC remarks

Chairman and Chief Executive Officer

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