Phoenix Venture Partners II LP - Jul 26, 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
Stock symbol
ABSI
Transactions as of
Jul 26, 2021
Transactions value $
$0
Form type
4
Date filed
7/28/2021, 04:11 PM
Previous filing
Jul 21, 2021
Next filing
Aug 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ABSI Common Stock Conversion of derivative security +5.68M 5.68M Jul 26, 2021 Direct F1, F2, F3
transaction ABSI Common Stock Conversion of derivative security +534K +9.39% 6.22M Jul 26, 2021 Direct F2, F3, F4
transaction ABSI Common Stock Conversion of derivative security +4.95M +79.72% 11.2M Jul 26, 2021 Direct F2, F3, F5
transaction ABSI Common Stock Conversion of derivative security +2.59M +23.2% 13.8M Jul 26, 2021 Direct F2, F3, F6
transaction ABSI Common Stock Conversion of derivative security +273K +1.98% 14M Jul 26, 2021 Direct F2, F3, F7
transaction ABSI Common Stock Conversion of derivative security +84.3K +0.6% 14.1M Jul 26, 2021 Direct F2, F3, F8
transaction ABSI Common Stock Conversion of derivative security +33.7K +0.24% 14.2M Jul 26, 2021 Direct F2, F3, F9
transaction ABSI Common Stock Conversion of derivative security +33.7K +0.24% 14.2M Jul 26, 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 -1.72M -100% $0.00* 0 Jul 26, 2021 Common Stock 5.68M Direct F1, F2, F3
transaction ABSI Series A-2 Preferred Stock Conversion of derivative security $0 -162K -100% $0.00* 0 Jul 26, 2021 Common Stock 534K Direct F2, F3, F4
transaction ABSI Series A-3 Preferred Stock Conversion of derivative security $0 -1.5M -100% $0.00* 0 Jul 26, 2021 Common Stock 4.95M Direct F2, F3, F5
transaction ABSI Series B Preferred Stock Conversion of derivative security $0 -784K -100% $0.00* 0 Jul 26, 2021 Common Stock 2.59M Direct F2, F3, F6
transaction ABSI Series C Preferred Stock Conversion of derivative security $0 -82.7K -100% $0.00* 0 Jul 26, 2021 Common Stock 273K Direct F2, F3, F7
transaction ABSI Series D-1 Preferred Stock Conversion of derivative security $0 -25.5K -100% $0.00* 0 Jul 26, 2021 Common Stock 84.3K Direct F2, F3, F8
transaction ABSI Series D-2 Preferred Stock Conversion of derivative security $0 -10.2K -100% $0.00* 0 Jul 26, 2021 Common Stock 33.7K Direct F2, F3, F9
transaction ABSI Series E Preferred Stock Conversion of derivative security $0 -10.2K -100% $0.00* 0 Jul 26, 2021 Common Stock 33.7K Direct F2, F3, F10
transaction ABSI Series A-4 Preferred Stock Warrant Conversion of derivative security $0 -93K -100% $0.00* 0 Jul 26, 2021 Series A-4 Preferred Stock 93K $1.00 Direct F3, F11
transaction ABSI Common Stock Warrant Conversion of derivative security $0 +307K $0.00* 0 Jul 26, 2021 Common Stock 307K $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.