Sumitomo Chemical Co., Ltd. - Aug 30, 2021 Form 4 Insider Report for Myovant Sciences Ltd. (MYOV)

Role
10%+ Owner
Signature
Sumitomo Chemical Co., Ltd., By: /s/ Swathi Padmanabhan, as Attorney-in-Fact
Stock symbol
MYOV
Transactions as of
Aug 30, 2021
Transactions value $
$2,620,984
Form type
4
Date filed
9/1/2021, 05:00 PM
Previous filing
Aug 30, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MYOV Common Stock Purchase $1.67M +70K +0.14% $23.92 49.1M Aug 30, 2021 See Footnote F1, F2, F3
transaction MYOV Common Stock Purchase $947K +39K +0.08% $24.28 49.1M Aug 31, 2021 See Footnote F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This acquisition of a total of 70,000 ordinary shares on the open market is pursuant to a Rule 10b5-1 Stock Trading Plan entered into by the Reporting Person on May 14, 2021 (the "10b5-1 Trading Plan").
F2 The transaction was executed in multiple trades ranging from $23.51 to $24.00 per share. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transactions were effected.
F3 Sumitovant Biopharma Ltd. ("Sumitovant") directly owns a total of 49,088,776 shares of Common Stock following the acquisition on August 30, 2021. Sumitovant is a wholly-owned subsidiary of Sumitomo Dainippon Pharma Co., Ltd. ("Sumitomo Dainippon"), which is a 51.76% owned subsidiary of Sumitomo Chemical Co., Ltd. ("Sumitomo Chemical"). Sumitomo Dainippon and Sumitomo Chemical may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the reported securities that Sumitovant owns. Each of Sumitomo Dainippon and Sumitomo Chemical disclaims beneficial ownership of such reported securities except to the extent of their pecuniary interest therein.
F4 This acquisition of a total of 39,000 ordinary shares on the open market is pursuant to the 10b5-1 Trading Plan.
F5 The transaction was executed in multiple trades ranging from $23.79 to $24.59 per share. The price reported above reflects the weighted average purchase price. The Reporting Person hereby undertakes to provide, upon request by the Commission Staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transactions were effected.
F6 Sumitovant directly owns 49,127,776 shares of Common Stock following the acquisition on August 31, 2021. Sumitovant is a wholly-owned subsidiary of Sumitomo Dainippon, which is a 51.76% owned subsidiary of Sumitomo Chemical. Sumitomo Dainippon and Sumitomo Chemical may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended) the reported securities that Sumitovant owns. Each of Sumitomo Dainippon and Sumitomo Chemical disclaims beneficial ownership of such reported securities except to the extent of their pecuniary interest therein.