Park West Asset Management LLC - Jun 3, 2021 Form 4 Insider Report for Kindred Biosciences, Inc. (KIN)

Role: 10%+ Owner
Signature: /s/ Grace Jimenez, Chief Financial Officer of Park West Asset Management LLC
Stock symbol: KIN
Transactions as of: Jun 3, 2021
Transactions value $: -$2,873,677
Form type: 4
Date filed: 6/7/2021, 06:58 PM
Next filing: Jul 16, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KIN	Common Stock, $0.0001 par value per share	Sale	-$473K	-69.6K	-1.08%	$6.80	6.35M	Jun 3, 2021	See Footnote	F1
transaction	KIN	Common Stock, $0.0001 par value per share	Sale	-$2.4M	-345K	-5.44%	$6.95	6M	Jun 4, 2021	See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	Park West Asset Management LLC (the "Reporting Person") is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI"). Peter S. Park ("Mr. Park"), though one or more affiliated entities, is the controlling manager of the Reporting Person. As of the latest transaction reported on this Form 4, PWIMF held 5,437,412 shares of Common Stock, and PWPI held 562,590 shares of Common Stock. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in such securities.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.91 to $6.97 per share, inclusive. The Reporting Person undertakes to provide to Issuer any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Content

Park West Asset Management LLC (the "Reporting Person") is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI"). Peter S. Park ("Mr. Park"), though one or more affiliated entities, is the controlling manager of the Reporting Person. As of the latest transaction reported on this Form 4, PWIMF held 5,437,412 shares of Common Stock, and PWPI held 562,590 shares of Common Stock. Pursuant to Reg. Section 240.16a-1(a)(2), the Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in such securities.

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.91 to $6.97 per share, inclusive. The Reporting Person undertakes to provide to Issuer any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.