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

Role
Director
Signature
/s/ Jennifer Ziolkowski, Attorney-in-Fact
Stock symbol
VIGL
Transactions as of
Jan 11, 2022
Transactions value $
$3,710,000
Form type
4
Date filed
1/11/2022, 08:20 PM
Previous filing
Jan 6, 2022
Next filing
Mar 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VIGL Common Stock Conversion of derivative security +1.25M 1.25M Jan 11, 2022 By Hatteras Venture Partners VI, L.P. F1, F2
transaction VIGL Common Stock Purchase $3.71M +265K +21.13% $14.00 1.52M Jan 11, 2022 By Hatteras Venture Partners VI, L.P. F2, 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 $0 -2.55M -100% $0.00* 0 Jan 11, 2022 Common Stock 920K By Hatteras Venture Partners VI, L.P. F1, F2
transaction VIGL Series B Preferred Stock Conversion of derivative security $0 -927K -100% $0.00* 0 Jan 11, 2022 Common Stock 334K By Hatteras Venture Partners VI, L.P. F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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.
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.