Pillar Invest Corp - Jul 12, 2023 Form 4 Insider Report for Aceragen, Inc. (ACGN)

Role: 10%+ Owner
Signature: Pillar Invest Corporation, /s/ Youssef El Zein, Authorized Person
Stock symbol: ACGN
Transactions as of: Jul 12, 2023
Transactions value $: -$9,104
Form type: 4
Date filed: 7/19/2023, 04:05 PM
Previous filing: Jul 19, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ACGN	Common Stock	Sale	-$5.7K	-3.61K	-2.11%	$1.58	167K	Jul 12, 2023	By Abude Umari See Footnote	F1
transaction	ACGN	Common Stock	Sale	-$3.41K	-2.21K	-1.32%	$1.54	165K	Jul 13, 2023	By Abude Umari See Footnote	F1
holding	ACGN	Common Stock						355K	Jul 12, 2023	By Pillar Partners Foundation, L.P. See Footnote	F1
holding	ACGN	Common Stock						136K	Jul 12, 2023	By Pillar Pharmaceuticals 6, L.P. See Footnote	F1
holding	ACGN	Common Stock						1.55K	Jul 12, 2023	By Youssef El Zein See Footnote	F1

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

Explanation of Responses:

Id	Content
F1	Pillar Invest Corporation ("Pillar GP") is the general partner of Pillar Pharmaceuticals 6, L.P. ("Pillar 6") and Pillar Partners Foundation, L.P. ("Pillar Partners", together with Pillar GP and Pillar 6, the "Pillar Funds"). Youssef El Zein and Abude Umari are directors of Pillar GP. Each of Pillar GP, Mr. El Zein and Mr. Umari disclaims Section 16 beneficial ownership of the securities beneficially owned by the Pillar Funds and this report shall not be deemed an admission that any of Pillar GP, Mr. El Zein or Mr. Umari is the Section 16 beneficial owner of any such securities, except to the extent of its or his pecuniary interest therein, if any, by virtue of its or his ownership interest in the Pillar Funds or Pillar GP, as applicable.

Content

Pillar Invest Corporation ("Pillar GP") is the general partner of Pillar Pharmaceuticals 6, L.P. ("Pillar 6") and Pillar Partners Foundation, L.P. ("Pillar Partners", together with Pillar GP and Pillar 6, the "Pillar Funds"). Youssef El Zein and Abude Umari are directors of Pillar GP. Each of Pillar GP, Mr. El Zein and Mr. Umari disclaims Section 16 beneficial ownership of the securities beneficially owned by the Pillar Funds and this report shall not be deemed an admission that any of Pillar GP, Mr. El Zein or Mr. Umari is the Section 16 beneficial owner of any such securities, except to the extent of its or his pecuniary interest therein, if any, by virtue of its or his ownership interest in the Pillar Funds or Pillar GP, as applicable.

Remarks:

Mr. Umari's 29,965 shares of the Issuer's Common Stock purchased on May 17, 2023 are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended, with Mr. Umari's sales of 3,605 shares of the Issuer's Common Stock on July 12, 2023 and of 2,213 shares of the Issuer's Common Stock on July 13, 2023. Mr. Umari has made arrangements with the Issuer to voluntarily disgorge $842.36 to the Issuer, which represents the full amount of Mr. Umari's short-swing profit realized from the matchable transactions as calculated pursuant to Section 16(b).