Davis Aaron I. - Nov 4, 2022 Form 4 Insider Report for Rain Therapeutics Inc. (RAIN)

Role: Director
Signature: /s/ Aaron I Davis
Stock symbol: RAIN
Transactions as of: Nov 4, 2022
Transactions value $: $7,999,996
Form type: 4
Date filed: 11/8/2022, 03:30 PM
Previous filing: Jun 10, 2022
Next filing: Jan 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RAIN	Common Stock	Purchase	$5.67M	+972K	+82.74%	$5.83^*	2.15M	Nov 4, 2022	See footnote	F1

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	RAIN	Non-Voting Common Stock	Purchase	$2.33M	+400K	+13.23%	$5.83^*	3.42M	Nov 4, 2022	Common Stock	400K		See footnote	F1, F2
holding	RAIN	Non-Voting Common Stock						79.7K	Nov 4, 2022	Common Stock	79.7K		See footnote	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These securities are owned directly by Boxer Capital, LLC ("Boxer Capital"). The reporting person may be deemed to be a member of a "group" for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, consisting of (i) Boxer Capital, (ii) Boxer Asset Management Inc., (iii) the reporting person, (iv) MVA Investors, LLC and (v) Joe Lewis (collectively, the "Boxer Group"). The reporting person disclaims beneficial ownership of these securities to the extent he does not have a pecuniary interest therein.
F2	Each share of Non-Voting Common Stock is convertible into one share of Common Stock at any time at the option of the holder without payment or additional consideration, subject to a 9.99% beneficial ownership limitation which may be increased or decreased by the holder upon 61 days' notice to the Issuer.
F3	These securities are owned directly by MVA Investors, LLC, which may be deemed to be a member of the Boxer Group. The reporting person disclaims beneficial ownership of these securities to the extent he does not have a pecuniary interest therein.