Viking Global Investors Lp - Aug 28, 2023 Form 4 Insider Report for Inhibrx, Inc. (INBX)

Role
10%+ Owner
Signature
/s/ Scott M. Hendler signing on behalf of O. Andreas Halvorsen (10)(11)
Stock symbol
INBX
Transactions as of
Aug 28, 2023
Transactions value $
$29,999,981
Form type
4
Date filed
8/30/2023, 08:44 PM
Previous filing
Jul 19, 2023
Next filing
Sep 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction INBX Common Stock Purchase $9.9M +512K $19.35 512K Aug 28, 2023 See Explanation of Responses F1, F2, F3, F7
holding INBX Common Stock 2.43M Aug 28, 2023 See Explanation of Responses F1, F2, F4, F7
holding INBX Common Stock 333K Aug 28, 2023 See Explanation of Responses F1, F2, F5, F7
holding INBX Common Stock 3.88M Aug 28, 2023 See Explanation of Responses F1, F2, F6, F7

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 INBX Warrants (right to buy) Purchase $20.1M +1.04M $19.35 1.04M Aug 28, 2023 Common Stock 1.04M $0.00 See Explanation of Responses F1, F2, F4, F7, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Andreas Halvorsen, David C. Ott and Rose S. Shabet are Executive Committee members of certain management entities, including Viking Global Partners LLC, the general partner of Viking Global Investors LP ("VGI"), and Viking Global Opportunities Parent GP LLC ("Opportunities Parent"), the sole member of Viking Global Opportunities GP LLC ("Opportunities GP"), the sole member of Viking Global Opportunities Portfolio GP LLC, the general partner of Viking Global Opportunities Illiquid Investments Sub-Master LP ("Opportunities Fund"). Opportunities Parent is also the sole member of Viking Global Opportunities Drawdown GP LLC ("VGOD GP"), the sole member of Viking Global Opportunities Drawdown Portfolio GP LLC ("VGOD Portfolio GP"), the general partner of Viking Global Opportunities Drawdown (Aggregator) LP ("VGOD").
F2 VGI provides managerial services to various investment funds and vehicles, including Opportunities Fund, VGOD, KAVRA 104 LLC ("KAVRA 104"), and DRAGSA 50 LLC ("DRAGSA 50"). VGI, Opportunities Parent, Opportunities GP, Mr. Halvorsen, Mr. Ott and Ms. Shabet are, collectively, the "Reporting Persons." Each of VGI, Mr. Halvorsen, Mr. Ott and Ms. Shabet may be deemed to beneficially own all of the securities reported on this form.
F3 These shares of Common Stock are held directly by VGOD. Because of the relationship between Opportunities Parent and VGOD, Opportunities Parent may be deemed to beneficially own the shares of Common Stock held directly by VGOD.
F4 These securities are held directly by Opportunities Fund. Because of the relationship between Opportunities GP, Opportunities Parent and Opportunities Fund, each of Opportunities GP and Opportunities Parent may be deemed to beneficially own the securities held directly by Opportunities Fund.
F5 These shares of Common Stock are held directly by KAVRA 104. The membership interests of KAVRA 104 are held by Viking Global Opportunities LP and Viking Global Opportunities Intermediate LP. Opportunities GP is the general partner of Viking Global Opportunities LP and Viking Global Opportunities Intermediate LP. Because of the relationship between Opportunities GP, Opportunities Parent and KAVRA 104, each of Opportunities GP and Opportunities Parent may be deemed to beneficially own the shares of Common Stock held directly by KAVRA 104.
F6 These shares of Common Stock are held directly by DRAGSA 50. The membership interests of DRAGSA 50 are held by Viking Global Opportunities LP and Viking Global Opportunities Intermediate LP. Opportunities GP is the general partner of Viking Global Opportunities LP and Viking Global Opportunities Intermediate LP. Because of the relationship between Opportunities GP, Opportunities Parent and DRAGSA 50, each of Opportunities GP and Opportunities Parent may be deemed to beneficially own the shares of Common Stock held directly by DRAGSA 50.
F7 The Reporting Persons disclaim beneficial ownership of these securities except to the extent of their pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or for any other purpose.
F8 These warrants are immediately exercisable, subject to a beneficial ownership limitation (the "Beneficial Ownership Limitation") which prevents the holder from exercising the warrants to the extent that, after giving effect to the issuance of the shares of Common Stock upon exercise of warrants held by the holder, the holder would beneficially own in excess of 9.99% of the shares of Common Stock outstanding. Upon notice to the Issuer, the holder may increase or decrease the Beneficial Ownership Limitation, provided that the Beneficial Ownership Limitation in no event exceeds 19.99% of the shares of Common Stock outstanding after giving effect to the issuance of the shares of Common Stock upon exercise of warrants held by the holder. Any increase in the Beneficial Ownership Limitation will not be effective until the 61st day after such notice is delivered to the Issuer.
F9 These warrants have no expiration date.

Remarks:

(10) The Reporting Persons are jointly filing this Form 4 pursuant to Rule 16a-3(j) under the Exchange Act. (11) Scott M. Hendler is signing on behalf of Mr. Halvorsen, Mr. Ott and Ms. Shabet, each individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, pursuant to authorization and designation letters dated February 9, 2021, which were filed with the Securities and Exchange Commission on June 7, 2021.