Jay David Caplan - 01 Feb 2024 Form 3 Insider Report for Fractyl Health, Inc. (GUTS)

Role
President, Chief Product Off.
Signature
/s/ Lisa A. Davidson, Attorney-in-fact
Issuer symbol
GUTS
Transactions as of
01 Feb 2024
Net transactions value
$0
Form type
3
Filing time
01 Feb 2024, 18:14:12 UTC
Next filing
08 Feb 2024
SEC
View on sec.gov

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
holding GUTS Series B Preferred Stock 01 Feb 2024 Common Stock 82,817 By Family Trust F1
holding GUTS Series C-1 Preferred Stock 01 Feb 2024 Common Stock 20,843 By Family Trust F1
holding GUTS Series C-2 Preferred Stock 01 Feb 2024 Common Stock 15,150 By Family Trust F1
holding GUTS Stock Option 01 Feb 2024 Common Stock 95,484 $1.70 Direct F2
holding GUTS Stock Option 01 Feb 2024 Common Stock 61,742 $1.70 Direct F2
holding GUTS Stock Option 01 Feb 2024 Common Stock 145,875 $2.67 Direct F2
holding GUTS Stock Option 01 Feb 2024 Common Stock 23,298 $2.67 Direct F2
holding GUTS Stock Option 01 Feb 2024 Common Stock 94,879 $3.35 Direct F2
holding GUTS Stock Option 01 Feb 2024 Common Stock 12,824 $3.89 Direct F3
holding GUTS Stock Option 01 Feb 2024 Common Stock 38,974 $6.98 Direct F4
holding GUTS Stock Option 01 Feb 2024 Common Stock 11,649 $8.59 Direct F5
holding GUTS Stock Option 01 Feb 2024 Common Stock 25,628 $8.18 Direct F6
holding GUTS Stock Option 01 Feb 2024 Common Stock 14,701 $11.21 Direct F7
holding GUTS Restricted Stock Units 01 Feb 2024 Common Stock 187,257 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of the Issuer's preferred stock is convertible into shares of the Issuer's common stock at the holder's election in accordance with the terms of such preferred stock and has no expiration date. The preferred stock will automatically convert into common stock upon the closing of the Issuer's initial public offering.
F2 The stock option is fully vested and currently exercisable.
F3 The stock option vests in 48 monthly installments beginning on April 26, 2020.
F4 The stock option vests in 48 monthly installments beginning on July 24, 2021.
F5 The stock option vests in 48 monthly installments beginning on October 7, 2022.
F6 The stock option vests in 48 monthly installments beginning on April 16, 2023.
F7 The stock option vests in 4 annual installments beginning on December 10, 2024.
F8 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock. The restricted stock units will vest on November 10, 2024 and have no expiration date.

Remarks:

Exhibit 24 - Power of Attorney.