Northpond Ventures III GP, LLC - 12 Feb 2024 Form 4 Insider Report for Kyverna Therapeutics, Inc. (KYTX)

Role
Former 10% Owner
Signature
Northpond Ventures III GP, LLC, By: /s/ Patrick Smerkers, Chief Financial Officer
Issuer symbol
KYTX
Transactions as of
12 Feb 2024
Net transactions value
+$9,900,000
Form type
4
Filing time
12 Feb 2024, 17:51:02 UTC
Previous filing
07 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KYTX Common Stock Conversion of derivative security +2,805,426 2,805,426 12 Feb 2024 By: Northpond Ventures III, LP F1, F2
transaction KYTX Common Stock Purchase $9,900,000 +450,000 $22.00* 450,000 12 Feb 2024 By: Northpond Ventures, LP F3

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 KYTX Series B Preferred Stock Conversion of derivative security -12,767,776 -100% 0 12 Feb 2024 Common Stock 2,805,426 By: Northpond Ventures III, LP F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Northpond Ventures III GP, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Immediately prior to the closing of the initial public offering of Kyverna Therapeutics, Inc. (the "Issuer"), each share of Series B Convertible Preferred Stock, par value $0.00001 per share (the "Series B Preferred Stock"), of the Issuer automatically converted on a 4.5511-for-1 basis into shares of the Issuer's common stock, par value $0.00001 per share (the "Common Stock"). The Series B Preferred Stock had no expiration date.
F2 Northpond Ventures III GP, LLC ("Northpond III LLC") is the general partner of Northpond Ventures III, LP ("Northpond Fund III"), and Michael P. Rubin is the managing member of Northpond III LLC. As a result, each of Northpond III LLC and Mr. Rubin may be deemed to share beneficial ownership with respect to the shares held of record by Northpond Fund III. Each of Northpond III LLC and Mr. Rubin disclaim beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, if any.
F3 Northpond Ventures GP, LLC ("Northpond LLC") is the general partner of Northpond Ventures, LP ("Northpond Fund"), and Michael P. Rubin is the managing member of Northpond LLC. As a result, Mr. Rubin may be deemed to share beneficial ownership with respect to the shares held of record by Northpond Fund. Mr. Rubin disclaims beneficial ownership of the securities reported herein, except to the extent of his pecuniary interest therein, if any.