RiverVest Venture Fund IV, L.P. - 26 Oct 2021 Form 4 Insider Report for Xilio Therapeutics, Inc. (XLO)

Role
10%+ Owner
Signature
/s/ Jay Schmelter, Manager of RiverVest Venture Partners IV, LLC
Issuer symbol
XLO
Transactions as of
26 Oct 2021
Net transactions value
+$4,000,000
Form type
4
Filing time
26 Oct 2021, 17:30:00 UTC
Previous filing
21 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction XLO Common Stock Conversion of derivative security +832,120 832,120 26 Oct 2021 See Footnotes F1, F2, F3
transaction XLO Common Stock Conversion of derivative security +359,324 +43% 1,191,444 26 Oct 2021 See Footnotes F1, F2, F3
transaction XLO Common Stock Purchase $4,000,000 +250,000 +21% $16.00* 1,441,444 26 Oct 2021 See Footnotes F2, F3, 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 XLO Series B Preferred Stock Conversion of derivative security $0 -832,120 -100% $0.000000* 0 26 Oct 2021 Common Stock 832,120 See Footnotes F1, F2, F3
transaction XLO Series B Preferred Stock Conversion of derivative security $0 -359,324 -100% $0.000000* 0 26 Oct 2021 Common Stock 359,324 See Footnotes F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

RiverVest Venture Fund IV, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share of Series B Preferred Stock and Series C Preferred Stock automatically converted into 1 share of the Issuer's common stock upon the closing of the Issuer's initial public offering on October 26, 2021. The shares have no expiration date.
F2 The shares held by RiverVest Venture Fund IV, L.P. ("RiverVest IV") are indirectly held by RiverVest Venture Partners IV, L.P. ("RiverVest Partners IV"), which is the general partner of RiverVest IV. RiverVest Venture Partners IV, LLC is the general partner of RiverVest Partners IV.
F3 The individual managers of RiverVest Ventures Partners IV, LLC are Jay Schmelter, John P. McKearn, Ph.D. and Niall O'Donnell. RiverVest Partners IV, RiverVest Venture Partners IV, LLC and each of the individual managers share voting and dispositive power with regard to the securities directly held by RiverVest Venture Fund IV, L.P.
F4 RiverVest IV purchased the shares in the Issuer's initial public offering.