Jake Simson - 24 Oct 2024 Form 3 Insider Report for Septerna, Inc. (SEPN)

Reporting relationship: Director
Issuer ticker: SEPN
Reported as of: 24 Oct 2024
Net transaction value: $0
SEC form: 3
Accepted by SEC: 24 Oct 2024, 21:25:37 UTC
Prior SEC filing: 12 Sep 2024
Next SEC filing: 02 Jun 2025
Source filing: View source filing
Reporting owner signature: /s/ Ran Xiao, Attorney-in-Fact

Key filing fact

Jake Simson filed Form 3 for Septerna, Inc. (SEPN) on 24 Oct 2024.

Key facts

This page summarizes Jake Simson's Form 3 filing for Septerna, Inc. (SEPN).
0 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 24 Oct 2024, 21:25.

Change

Previous filing in this sequence was filed on 12 Sep 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Official SEC source

Ownership activity is grounded in SEC Form 3 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SEPN holding Derivative

Stock Option (Right to Buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
Date: 24 Oct 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 13,356
Exercise price: $6.81
Footnotes: F1, F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

1/16th of the shares subject to such option vest and become exercisable in substantially equal quarterly installments following October 28, 2024, contingent upon the consummation of the Issuer's initial public offering, and subject to the Reporting Person's continuous service to the Issuer on each such date.

Footnote F2

Under the Reporting Person's arrangement with RA Capital Management, L.P. (the "Adviser"), the Reporting Person holds the option for the benefit of the R.A. Capital Healthcare Fund, L.P. (the "Fund") and R.A. Capital Nexus Fund III, L.P. (the "Nexus Fund III"). The Reporting Person is obligated to turn over to the Adviser any net cash or stock received upon exercise of the option, which will offset advisory fees owed by the Fund and the Nexus Fund III to the Adviser. The Reporting Person therefore disclaims beneficial ownership of the option and underlying common stock.

SEC remarks

Exhibit 24 - Power of Attorney