| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SLRN | Common Stock, par value $0.00001 per share ("Common Stock") | Conversion of derivative security | +9.33M | 9.33M | May 9, 2023 | See footnotes | F1, F2, F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | SLRN | Series B Redeemable Convertible Preferred Stock | Conversion of derivative security | $0 | -5.63M | -100% | $0.00 | 0 | May 9, 2023 | Common Stock | 5.63M | See footnotes | F1, F2, F3, F4 | |
| transaction | SLRN | Series C Redeemable Convertible Preferred Stock | Conversion of derivative security | $0 | -3.71M | -100% | $0.00 | 0 | May 9, 2023 | Common Stock | 3.71M | See footnotes | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | Each share of preferred stock is convertible into one share of Common and has no expiration date. Immediately prior to the completion of the Issuer's initial public offering of Common Stock (the "IPO"), all shares of preferred stock automatically converted into shares of Common Stock. |
| F2 | Each share of Class A Common Stock was reclassified into one share of Common Stock immediately prior to the completion of the IPO. |
| F3 | The securities reported herein are held by AyurMaya Capital Management Fund, LP (the "AyurMaya Fund"). AyurMaya Capital Management Company, LP (the "Investment Manager"), a Delaware limited partnership, is the investment advisor to the AyurMaya Fund. Mr. David E. Goel ("Mr. Goel", and together with the Investment Manager, the "Reporting Persons"), serves as the managing member of AyurMaya Capital Management Company GP, LLC, the general partner of the Investment Manager. |
| F4 | The filing of this statement shall not be deemed an admission that either of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein. |
The Investment Manager may be deemed to be a director by deputization for purposes of Section 16 under the Securities Exchange Act of 1934 by virtue of the fact that Mr. Alan Colowick, Senior Managing Director of the Investment Manager, currently serves on the board of directors of the Issuer.