Northpond Ventures GP, LLC - Jan 11, 2022 Form 4 Insider Report for Vigil Neuroscience, Inc. (VIGL)

Role
10%+ Owner
Signature
Northpond Ventures GP, LLC, By: /s/ Patrick Smerkers, Chief Financial Officer
Stock symbol
VIGL
Transactions as of
Jan 11, 2022
Transactions value $
$4,970,000
Form type
4
Date filed
1/11/2022, 07:18 PM
Previous filing
Jan 6, 2022
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction VIGL Common Stock +Conversion of derivative security +2,831,520 2,831,520 Jan 11, 2022 By: Northpond Ventures, LP F1, F2
transaction VIGL Common Stock +Conversion of derivative security +1,027,978 1,027,978 Jan 11, 2022 By: Northpond Ventures II, LP F1, F3
transaction VIGL Common Stock +Buy $4,970,000 +355,000 +34.53% $14.00 1,382,978 Jan 11, 2022 By: Northpond Ventures II, LP F3

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 VIGL Series A Preferred Stock -Conversion of derivative security -2,831,520 -100% 0 Jan 11, 2022 Common Stock 2,831,520 By: Northpond Ventures, LP F1, F2
transaction VIGL Series B Preferred Stock -Conversion of derivative security -1,027,978 -100% 0 Jan 11, 2022 Common Stock 1,027,978 By: Northpond Ventures II, LP F1, F3

Explanation of Responses:

Id Content
F1 Immediately prior to the closing of the initial public offering of Vigil Neuroscience, Inc. (the "Issuer"), each share of Series A Preferred Stock, par value $0.0001 per share (the "Series A Preferred Stock"), of the Issuer and each share of Series B Preferred stock, par value $0.0001 per share of the Issuer (the "Series B Preferred Stock") automatically converted on a one-for-one basis into shares of the Issuer's common stock, par value $0.0001 per share (the "Common Stock"). The right to convert the Series A Preferred Stock and Series B Preferred Stock into Common Stock had no expiration date.
F2 Northpond Ventures GP, LLC ("Northpond GP LLC") is the general partner of Northpond Ventures, LP ("Northpond Fund"), and Michael P. Rubin is the managing member of Northpond GP LLC. As a result, each of Northpond GP LLC and Mr. Rubin may be deemed to share beneficial ownership with respect to the shares held of record by Northpond Fund. Each of Northpond GP LLC and Mr. Rubin disclaim beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
F3 Northpond Ventures GP II, LLC ("Northpond GP II LLC") is the general partner of Northpond Ventures II, LP ("Northpond Fund II"), and Michael P. Rubin is the managing member of Northpond GP II LLC. As a result, each of Northpond GP II LLC and Mr. Rubin may be deemed to share beneficial ownership with respect to the shares held of record by Northpond Fund II. Each of Northpond GP II LLC and Mr. Rubin disclaim beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.