General Catalyst GP V, LLC - 06 Feb 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
Issuer symbol
GUTS
Transactions as of
06 Feb 2024
Net transactions value
$0
Form type
4
Filing time
08 Feb 2024, 16:34:45 UTC
Previous filing
01 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GUTS Common Stock Conversion of derivative security +4,702,161 +5723% 4,784,323 06 Feb 2024 Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Common Stock Conversion of derivative security +98,149 +5726% 99,863 06 Feb 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 -3,204,832 -100% 0 06 Feb 2024 Common Stock 1,493,397 Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series A Preferred Stock Conversion of derivative security -66,897 -100% 0 06 Feb 2024 Common Stock 31,172 Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series B Preferred Stock Conversion of derivative security -3,098,678 -100% 0 06 Feb 2024 Common Stock 1,443,931 Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series B Preferred Stock Conversion of derivative security -64,681 -100% 0 06 Feb 2024 Common Stock 30,140 Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series C-1 Preferred Stock Conversion of derivative security -1,314,484 -100% 0 06 Feb 2024 Common Stock 612,527 Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series C-1 Preferred Stock Conversion of derivative security -27,438 -100% 0 06 Feb 2024 Common Stock 12,785 Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series C-2 Preferred Stock Conversion of derivative security -1,337,665 -100% 0 06 Feb 2024 Common Stock 623,329 Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series C-2 Preferred Stock Conversion of derivative security -27,922 -100% 0 06 Feb 2024 Common Stock 13,011 Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series D Preferred Stock Conversion of derivative security -906,815 -100% 0 06 Feb 2024 Common Stock 422,560 Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series D Preferred Stock Conversion of derivative security -18,929 -100% 0 06 Feb 2024 Common Stock 8,820 Directly held by GC Entrepreneurs Fund V, L.P. F1, F2
transaction GUTS Series E Preferred Stock Conversion of derivative security -228,371 -100% 0 06 Feb 2024 Common Stock 106,417 Directly held by General Catalyst Group V, L.P. F1, F2
transaction GUTS Series E Preferred Stock Conversion of derivative security -4,767 -100% 0 06 Feb 2024 Common Stock 2,221 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.