Clay Thorp - 11 Jan 2022 Form 4 Insider Report for Vigil Neuroscience, Inc. (VIGL)

Reporting relationship: Director
Issuer ticker: VIGL
Reported as of: 11 Jan 2022
Net transaction value: +$3,710,000
SEC form: 4
Accepted by SEC: 11 Jan 2022, 20:20:50 UTC
Prior SEC filing: 06 Jan 2022
Next SEC filing: 28 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Jennifer Ziolkowski, Attorney-in-Fact

Key filing fact

Clay Thorp filed Form 4 for Vigil Neuroscience, Inc. (VIGL) on 11 Jan 2022.

Key facts

This page summarizes Clay Thorp's Form 4 filing for Vigil Neuroscience, Inc. (VIGL).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 11 Jan 2022, 20:20.

Change

Previous filing in this sequence was filed on 06 Jan 2022.
Current net transaction value: +$3,710,000.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

VIGL transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +1,254,335
Change %
Price
Shares after: 1,254,335
Date: 11 Jan 2022
Ownership: By Hatteras Venture Partners VI, L.P.
Footnotes: F1, F2

VIGL transaction

Common Stock

Purchase

Transaction value: $3,710,000
Shares: +265,000
Change %: +21%
Price: $14.00
Shares after: 1,519,335
Date: 11 Jan 2022
Ownership: By Hatteras Venture Partners VI, L.P.
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

VIGL transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -2,552,021
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 11 Jan 2022
Ownership: By Hatteras Venture Partners VI, L.P.
Underlying class: Common Stock
Underlying amount: 920,243
Exercise price
Footnotes: F1, F2

VIGL transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value: $0
Shares: -926,506
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 11 Jan 2022
Ownership: By Hatteras Venture Partners VI, L.P.
Underlying class: Common Stock
Underlying amount: 334,092
Exercise price
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each share of Series A Preferred Stock and Series B Preferred Stock automatically converted into shares of the Issuer's common stock, par value $0.0001 per share ("Common Stock") on a one-for-2.7732 basis upon the closing of the Issuer's initial public offering on January 1, 2022 and had no expiration date.

Footnote F2

The shares are held directly by Hatteras Venture Partners VI, L.P. ("Hatteras VI"). Hatteras Venture Advisors VI, LLC ("HVA VI") is the general partner of Hatteras VI. The Reporting Person is a managing member of HVA VI and disclaims beneficial ownership of the shares held by Hatteras VI except to the extent of his pecuniary interest therein, if any.

Footnote F3

On January 11, 2022, Hatteras VI purchased 265,000 shares of Common Stock of the Issuer at a price of $14.00 per share pursuant to an underwritten public offering.