Ronald Hunt - Aug 6, 2024 Form 4 Insider Report for Iterum Therapeutics plc (ITRM)

Role
Director
Signature
/s/ Ronald M. Hunt
Stock symbol
ITRM
Transactions as of
Aug 6, 2024
Transactions value $
$0
Form type
4
Date filed
8/12/2024, 09:00 AM
Previous filing
May 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ITRM Ordinary Shares Options Exercise +182K +255.38% 254K Aug 6, 2024 By New Leaf Ventures III, L.P. F1, F2
transaction ITRM Ordinary Shares Options Exercise +65.5K +255.38% 91.1K Aug 6, 2024 By New Leaf Biopharma Opportunities II, L.P. F3, F4

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 ITRM Subscription Rights (right to buy) Options Exercise $0 -365K -100% $0.00* 0 Aug 6, 2024 Units $0.61 By New Leaf Ventures III, L.P. F5
transaction ITRM Warrants (right to buy) Options Exercise +182K 182K Aug 6, 2024 Ordinary Shares 91.2K $1.21 By New Leaf Ventures III, L.P. F1
transaction ITRM Warrants (right to buy) Options Exercise +182K 182K Aug 6, 2024 Ordinary Shares 182K $1.21 By New Leaf Ventures III, L.P. F1
transaction ITRM Subscription Rights (right to buy) Options Exercise $0 -131K -100% $0.00* 0 Aug 6, 2024 Units $0.61 By New Leaf Biopharma Opportunities II, L.P. F6
transaction ITRM Warrants (right to buy) Options Exercise +65.5K 65.5K Aug 6, 2024 Ordinary Shares 32.7K $1.21 By New Leaf Biopharma Opportunities II, L.P. F3
transaction ITRM Warrants (right to buy) Options Exercise +65.5K 65.5K Aug 6, 2024 Ordinary Shares 65.5K $1.21 By New Leaf Biopharma Opportunities II, L.P. F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported securities were purchased in the Issuer's rights offering (the "Offering") which closed on August 9, 2024. As part of the Offering, New Leaf Ventures III, L.P. ("NLV-III") purchased 182,453 units at a subscription price of $1.21 per whole unit. Each unit consisted of (a) one ordinary share, (b) a warrant to purchase 0.50 ordinary shares, at an exercise price of $1.21 per whole ordinary share from the date of issuance through its expiration one year from the date of issuance ("1-year warrants"), and (c) a warrant to purchase one ordinary share, at an exercise price of $1.21 per whole ordinary share from the date of issuance through its expiration five years from the date of issuance ("5-year warrants").
F2 These shares are held directly by NLV-III. New Leaf Venture Associates III, L.P. ("NLVA-III LP") is the general partner of NLV-III and New Leaf Venture Management III, L.L.C. ("NLVM-III LLC") is the general partner of NLVA-III LP, and each of NLVA-III LP and NLVM-III LLC may be deemed to have sole voting, investment and dispositive power with respect to the shares held by NLV-III. The reporting person, a member of the Issuer's Board of Directors, is a managing director of NLVM-III LLC and, in his capacity as a managing director, may be deemed to have shared voting, investment and dispositive power with respect to the shares held by NLV-III. The reporting person disclaims Section 16 beneficial ownership of the securities held by NLV-III, except to the extent of his pecuniary interest therein, if any.
F3 The reported securities were purchased in the Issuer's rights offering (the "Offering") which closed on August 9, 2024. As part of the Offering, New Leaf Biopharma Opportunities II, L.P. ("NBPO-II") purchased 65,481 units at a subscription price of $1.21 per whole unit. Each unit consisted of (a) one ordinary share, (b) a warrant to purchase 0.50 ordinary shares, at an exercise price of $1.21 per whole ordinary share from the date of issuance through its expiration one year from the date of issuance ("1-year warrants"), and (c) a warrant to purchase one ordinary share, at an exercise price of $1.21 per whole ordinary share from the date of issuance through its expiration five years from the date of issuance ("5-year warrants").
F4 These shares are held directly by NBPO-II. New Leaf BPO Associates II, L.P. ("NBPO-IIA") is the general partner of NBPO-II and New Leaf BPO Management II, L.L.C. ("NBPO-IIM") is the general partner of NBPO-IIA, and each of NBPO-IIA and NBPO-IIM may be deemed to have sole voting, investment and dispositive power with respect to the shares held by NBPO-II. The reporting person, a member of the Issuer's Board of Directors, is a managing director of NBPO-IIM and, in his capacity as a managing director, may be deemed to have shared voting, investment and dispositive power with respect to the shares held by NBPO-II. The reporting person disclaims Section 16 beneficial ownership of the securities held by NBPO-II, except to the extent of his pecuniary interest therein, if any.
F5 NLV-III validly exercised 364,906 subscription rights to acquire 182,453 units composed of (i) 182,453 ordinary shares, (ii) 182,453 1-year warrants and (iii) 182,453 5-year warrants.
F6 NBPO-II validly exercised 130,962 subscription rights to acquire 65,481 units composed of (i) 65,481 ordinary shares, (ii) 65,481 1-year warrants and (iii) 65,481 5-year warrants.