William Jl Rieflin - Apr 5, 2024 Form 4 Insider Report for NGM BIOPHARMACEUTICALS INC (NGM)

Role
Director
Signature
/s/ Valerie Pierce, Attorney-in-Fact
Stock symbol
NGM
Transactions as of
Apr 5, 2024
Transactions value $
$0
Form type
4
Date filed
4/8/2024, 04:16 PM
Previous filing
Apr 1, 2024
Next filing
May 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NGM Common Stock Disposition pursuant to a tender of shares in a change of control transaction -5.17K -100% 0 Apr 5, 2024 Direct F1
transaction NGM Common Stock Disposition pursuant to a tender of shares in a change of control transaction -2.77M -100% 0 Apr 5, 2024 See footnote 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 NGM Stock Option (Right to Buy) Disposed to Issuer -78.4K -100% 0 Apr 5, 2024 Common Stock 78.4K $3.69 Direct F3, F4
transaction NGM Stock Option (Right to Buy) Disposed to Issuer -80K -100% 0 Apr 5, 2024 Common Stock 80K $15.20 Direct F3, F4
transaction NGM Stock Option (Right to Buy) Disposed to Issuer -80K -100% 0 Apr 5, 2024 Common Stock 80K $31.93 Direct F3, F4
transaction NGM Stock Option (Right to Buy) Disposed to Issuer -75K -100% 0 Apr 5, 2024 Common Stock 75K $16.47 Direct F3, F4
transaction NGM Stock Option (Right to Buy) Disposed to Issuer -50K -100% 0 Apr 5, 2024 Common Stock 50K $12.06 Direct F3, F4
transaction NGM Stock Option (Right to Buy) Disposed to Issuer -225K -100% 0 Apr 5, 2024 Common Stock 225K $8.14 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

William Jl Rieflin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to a Rollover Agreement between, inter alia, Mr. Rieflin, Atlas Neon Parent, Inc. ("Parent") and Atlas Neon Merger Sub, Inc. a wholly-owned subsidiary of Parent ("Purchaser"), in exchange for shares in Parent.
F2 Shares held by Rieflin Family Trust U/A 4/3/00.
F3 This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger entered into by and among the Issuer, Parent and Purchaser, dated as of February 25, 2024 ("Merger Agreement"), pursuant to which the Purchaser completed a tender offer for the shares of common stock of the Issuer and thereafter merged with and into the Issuer effective as of April 5, 2024 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, the vesting of each outstanding unvested Stock Option that had a per share exercise price that was less than $1.55 per share (the "Offer Price") (an "In-the-Money Option") was accelerated, any applicable retention period for options that were repriced ended, and each outstanding In-the-Money Option (both vested and unvested) was canceled and the holder of such canceled Stock Option was entitled to receive an amount in cash, without interest and less any withholding of taxes,
F4 (Continued from footnote 3) equal to the product of (i) the excess of the Offer Price over the applicable exercise price per share subject to such Stock Option multiplied by (ii) the total number of shares subject to such Stock Option. Each Stock Option that was not an In-the-Money Option (whether vested or unvested) was canceled as of the Effective Time for no consideration.