Juliet Tammenoms - Aug 3, 2021 Form 4 Insider Report for RxSight, Inc. (RXST)

Role
Director
Signature
/s/ Shelley Thunen, as Attorney-in-Fact
Stock symbol
RXST
Transactions as of
Aug 3, 2021
Transactions value $
$10,200,000
Form type
4
Date filed
8/5/2021, 07:41 PM
Previous filing
Aug 2, 2021
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RXST Common Stock Purchase $200K +12.5K +213.35% $16.00 18.4K Aug 3, 2021 Direct
transaction RXST Common Stock Conversion of derivative security $0 +1.86M $0.00 1.86M Aug 3, 2021 See footnote F1, F2, F3
transaction RXST Common Stock Purchase $2M +125K +6.71% $16.00 1.99M Aug 3, 2021 See footnote F3
transaction RXST Common Stock Purchase $8M +500K $16.00 500K Aug 3, 2021 See footnote F4

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 RXST Series G Preferred Stock Conversion of derivative security $0 -1.61M -100% $0.00* 0 Aug 3, 2021 Common Stock 1.61M See footnote F1, F3
transaction RXST Series H Preferred Stock Conversion of derivative security $0 -242K -100% $0.00* 0 Aug 3, 2021 Common Stock 242K See footnote F2, F3
transaction RXST Warrant (right to buy) Options Exercise $0 -36.3K -100% $0.00* 0 Aug 3, 2021 Series H Preferred Stock 36.3K $12.40 See footnote F2, F3, F5
transaction RXST Series H Preferred Stock Options Exercise $0 +36.3K $0.00 36.3K Aug 3, 2021 Common Stock 36.3K See footnote F2, F3, F5
transaction RXST Series H Preferred Stock Tax liability $0 -28.1K -77.48% $0.00 8.18K Aug 3, 2021 Common Stock 28.1K See footnote F2, F3, F5
transaction RXST Series H Preferred Stock Conversion of derivative security $0 -8.18K -100% $0.00* 0 Aug 3, 2021 Common Stock 8.18K See footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All shares of the Series G Preferred Stock, par value $0.001 per share, of the Issuer automatically converted on a one-for-one basis to shares of the Issuer's common stock, par value $0.001 per share ("Common Stock") immediately prior to the closing of the Issuer's initial public offering of its Common Stock.
F2 All shares of the Series H Preferred Stock, par value $0.001 per share, of the Issuer automatically converted on a one-for-one basis to shares of the Issuer's common stock, par value $0.001 per share ("Common Stock") immediately prior to the closing of the Issuer's initial public offering of its Common Stock.
F3 Shares and warrant are held by Longitude Venture Partners II, L.P. ("LVP II"). Longitude Capital Partners II, LLC ("LCP II") is the general partner of LVP II and may be deemed to have voting and investment power over the securities held by LVP II. The Reporting Person, a member of the Issuer's board of directors, is a managing member of LCP II and may be deemed to share voting and investment power over the securities held by LVP II. LVP II, LCP II and the Reporting Person disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interests therein.
F4 Shares are held by Longitude Prime Fund, L.P. ("LPF"). Longitude Prime Partners, LLC ("LPP") is the general partner of LPF and may be deemed to have voting and investment power over the securities held by LPF. The Reporting Person, a member of the Issuer's board of directors, is a managing member of LPP and may be deemed to share voting and investment power over the securities held by LPF. LPF, LPP and the Reporting Person disclaim beneficial ownership of such shares except to the extent of their respective pecuniary interests therein.
F5 The warrant was automatically net exercised for Series H Preferred Stock immediately prior to the closing of the Issuer's initial public offering of its Common Stock.