General Catalyst GP V, LLC - Feb 1, 2024 Form 3 Insider Report for Fractyl Health, Inc. (GUTS)

Role: 10%+ Owner
Signature: General Catalyst GP V, LLC, By: /s/ Lisa A. Davidson, Attorney-in-fact
Stock symbol: GUTS
Transactions as of: Feb 1, 2024
Transactions value $: $0
Form type: 3
Date filed: 2/1/2024, 09:10 PM
Previous filing: Jul 26, 2021
Next filing: Feb 8, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	GUTS	Common Stock						82.2K	Feb 1, 2024	Directly held by General Catalyst Group V, L.P.	F1
holding	GUTS	Common Stock						1.71K	Feb 1, 2024	Directly held by GC Entrepreneurs Fund V, L.P.	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Date	Underlying Class	Amount	Ownership	Footnotes
holding	GUTS	Series A Preferred Stock	Feb 1, 2024	Common Stock	1.49M	Directly held by General Catalyst Group V, L.P.	F1, F2
holding	GUTS	Series A Preferred Stock	Feb 1, 2024	Common Stock	31.2K	Directly held by GC Entrepreneurs Fund V, L.P.	F1, F2
holding	GUTS	Series B Preferred Stock	Feb 1, 2024	Common Stock	1.44M	Directly held by General Catalyst Group V, L.P.	F1, F2
holding	GUTS	Series B Preferred Stock	Feb 1, 2024	Common Stock	30.1K	Directly held by GC Entrepreneurs Fund V, L.P.	F1, F2
holding	GUTS	Series C-1 Preferred Stock	Feb 1, 2024	Common Stock	613K	Directly held by General Catalyst Group V, L.P.	F1, F2
holding	GUTS	Series C-1 Preferred Stock	Feb 1, 2024	Common Stock	12.8K	Directly held by GC Entrepreneurs Fund V, L.P.	F1, F2
holding	GUTS	Series C-2 Preferred Stock	Feb 1, 2024	Common Stock	623K	Directly held by General Catalyst Group V, L.P.	F1, F2
holding	GUTS	Series C-2 Preferred Stock	Feb 1, 2024	Common Stock	13K	Directly held by GC Entrepreneurs Fund V, L.P.	F1, F2
holding	GUTS	Series D Preferred Stock	Feb 1, 2024	Common Stock	423K	Directly held by General Catalyst Group V, L.P.	F1, F2
holding	GUTS	Series D Preferred Stock	Feb 1, 2024	Common Stock	8.82K	Directly held by GC Entrepreneurs Fund V, L.P.	F1, F2
holding	GUTS	Series E Preferred Stock	Feb 1, 2024	Common Stock	106K	Directly held by General Catalyst Group V, L.P.	F1, F2
holding	GUTS	Series E Preferred Stock	Feb 1, 2024	Common Stock	2.22K	Directly held by GC Entrepreneurs Fund V, L.P.	F1, F2

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

Explanation of Responses:

Id	Content
F1	General Catalyst GP V, LLC ("GCGPV") is the general partner of General Catalyst Partners V, L.P., which is the general partner of General Catalyst Group V, L.P. ("GCGV") and GC Entrepreneurs Fund V, L.P. ("GCEV"). GCGPV is controlled by a group of three or more individuals, or the Managing Directors, having shared voting and dispositive control over the shares held by GCGV and GCEV. Each of the Managing Directors disclaims beneficial ownership of the securities held by GCGV and GCEV except to the extent of his or her pecuniary interest therein, if any.
F2	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.

Content

General Catalyst GP V, LLC ("GCGPV") is the general partner of General Catalyst Partners V, L.P., which is the general partner of General Catalyst Group V, L.P. ("GCGV") and GC Entrepreneurs Fund V, L.P. ("GCEV"). GCGPV is controlled by a group of three or more individuals, or the Managing Directors, having shared voting and dispositive control over the shares held by GCGV and GCEV. Each of the Managing Directors disclaims beneficial ownership of the securities held by GCGV and GCEV except to the extent of his or her pecuniary interest therein, if any.

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.