General Catalyst GP V, LLC - Feb 6, 2024 Form 4 Insider Report for Fractyl Health, Inc. (GUTS)

Role
10%+ Owner
Signature
General Catalyst GP V, LLC By: Lisa A. Davidson, Attorney-in-fact
Stock symbol
GUTS
Transactions as of
Feb 6, 2024
Transactions value $
$0
Form type
4
Date filed
2/8/2024, 04:34 PM
Previous filing
Feb 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GUTS Common Stock Conversion of derivative security +4.7M +5723.04% 4.78M Feb 6, 2024 Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Common Stock Conversion of derivative security +98.1K +5726.31% 99.9K Feb 6, 2024 Directly held by GC Entrepreneurs Fund V, L.P. F1, F2

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 GUTS Series A Preferred Stock Conversion of derivative security -3.2M -100% 0 Feb 6, 2024 Common Stock 1.49M Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series A Preferred Stock Conversion of derivative security -66.9K -100% 0 Feb 6, 2024 Common Stock 31.2K Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series B Preferred Stock Conversion of derivative security -3.1M -100% 0 Feb 6, 2024 Common Stock 1.44M Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series B Preferred Stock Conversion of derivative security -64.7K -100% 0 Feb 6, 2024 Common Stock 30.1K Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series C-1 Preferred Stock Conversion of derivative security -1.31M -100% 0 Feb 6, 2024 Common Stock 613K Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series C-1 Preferred Stock Conversion of derivative security -27.4K -100% 0 Feb 6, 2024 Common Stock 12.8K Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series C-2 Preferred Stock Conversion of derivative security -1.34M -100% 0 Feb 6, 2024 Common Stock 623K Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series C-2 Preferred Stock Conversion of derivative security -27.9K -100% 0 Feb 6, 2024 Common Stock 13K Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series D Preferred Stock Conversion of derivative security -907K -100% 0 Feb 6, 2024 Common Stock 423K Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series D Preferred Stock Conversion of derivative security -18.9K -100% 0 Feb 6, 2024 Common Stock 8.82K Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series E Preferred Stock Conversion of derivative security -228K -100% 0 Feb 6, 2024 Common Stock 106K Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series E Preferred Stock Conversion of derivative security -4.77K -100% 0 Feb 6, 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 In connection with the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into common stock in accordance with the terms of such preferred stock.
F2 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.