Phoenix Venture Partners II LP - 26 Jul 2021 Form 4 Insider Report for Absci Corp (ABSI)

Role
10%+ Owner
Signature
/s/ Zachariah Jonasson, Managing Member of sole general partner on behalf of Phoenix Venture Partners II LP
Issuer symbol
ABSI
Transactions as of
26 Jul 2021
Net transactions value
$0
Form type
4
Filing time
28 Jul 2021, 16:11:33 UTC
Previous filing
21 Jul 2021
Next filing
17 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABSI Common Stock Conversion of derivative security +5,681,332 5,681,332 26 Jul 2021 Direct F1, F2, F3
transaction ABSI Common Stock Conversion of derivative security +533,735 +9.4% 6,215,067 26 Jul 2021 Direct F2, F3, F4
transaction ABSI Common Stock Conversion of derivative security +4,954,650 +80% 11,169,717 26 Jul 2021 Direct F2, F3, F5
transaction ABSI Common Stock Conversion of derivative security +2,590,991 +23% 13,760,708 26 Jul 2021 Direct F2, F3, F6
transaction ABSI Common Stock Conversion of derivative security +273,130 +2% 14,033,838 26 Jul 2021 Direct F2, F3, F7
transaction ABSI Common Stock Conversion of derivative security +84,348 +0.6% 14,118,186 26 Jul 2021 Direct F2, F3, F8
transaction ABSI Common Stock Conversion of derivative security +33,741 +0.24% 14,151,927 26 Jul 2021 Direct F2, F3, F9
transaction ABSI Common Stock Conversion of derivative security +33,675 +0.24% 14,185,602 26 Jul 2021 Direct F2, F3, 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 ABSI Series A-1 Preferred Stock Conversion of derivative security $0 -1,720,000 -100% $0.000000* 0 26 Jul 2021 Common Stock 5,681,332 Direct F1, F2, F3
transaction ABSI Series A-2 Preferred Stock Conversion of derivative security $0 -161,586 -100% $0.000000* 0 26 Jul 2021 Common Stock 533,735 Direct F2, F3, F4
transaction ABSI Series A-3 Preferred Stock Conversion of derivative security $0 -1,500,000 -100% $0.000000* 0 26 Jul 2021 Common Stock 4,954,650 Direct F2, F3, F5
transaction ABSI Series B Preferred Stock Conversion of derivative security $0 -784,412 -100% $0.000000* 0 26 Jul 2021 Common Stock 2,590,991 Direct F2, F3, F6
transaction ABSI Series C Preferred Stock Conversion of derivative security $0 -82,689 -100% $0.000000* 0 26 Jul 2021 Common Stock 273,130 Direct F2, F3, F7
transaction ABSI Series D-1 Preferred Stock Conversion of derivative security $0 -25,536 -100% $0.000000* 0 26 Jul 2021 Common Stock 84,348 Direct F2, F3, F8
transaction ABSI Series D-2 Preferred Stock Conversion of derivative security $0 -10,215 -100% $0.000000* 0 26 Jul 2021 Common Stock 33,741 Direct F2, F3, F9
transaction ABSI Series E Preferred Stock Conversion of derivative security $0 -10,195 -100% $0.000000* 0 26 Jul 2021 Common Stock 33,675 Direct F2, F3, F10
transaction ABSI Series A-4 Preferred Stock Warrant Conversion of derivative security $0 -93,007 -100% $0.000000* 0 26 Jul 2021 Series A-4 Preferred Stock 93,007 $1.00 Direct F3, F11
transaction ABSI Common Stock Warrant Conversion of derivative security $0 +307,211 $0.000000* 0 26 Jul 2021 Common Stock 307,211 $1.00 Direct F3, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Series A-1 Preferred Stock converted into Common Stock on a one-for-3.3031 basis and had no expiration date.
F2 Reflects one-for-3.3031 stock split which became effective on July 26, 2021.
F3 Phoenix General Partner II LLC, as the sole general partner of Phoenix Venture Partners II LP, beneficially owns the reported securities indirectly, but disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.
F4 The Series A-2 Preferred Stock converted into Common Stock on a one-for-3.3031 basis and had no expiration date.
F5 The Series A-3 Preferred Stock converted into Common Stock on a one-for-3.3031 basis and had no expiration date.
F6 The Series B Preferred Stock converted into Common Stock on a one-for-3.3031 basis and had no expiration date.
F7 The Series C Preferred Stock converted into Common Stock on a one-for-3.3031 basis and had no expiration date.
F8 The Series D-1 Preferred Stock converted into Common Stock on a one-for-3.3031 basis and had no expiration date.
F9 The Series D-2 Preferred Stock converted into Common Stock on a one-for-3.3031 basis and had no expiration date.
F10 The Series E Preferred Stock converted into Common Stock on a one-for-3.3031 basis and had no expiration date.
F11 Prior to July 26, 2021, these warrants were exercisable by the holder at its option for shares of the Issuer's Series A-4 Preferred Stock at an exercise price of $1.00 per share any time prior to their expiration date.
F12 The warrant for 93,007 shares of Series A-4 Preferred Stock converted into a warrant for 307,211 shares of Common Stock upon the one-for-3.3031 reverse split.