Bruce Booth - 10 Feb 2025 Form 4 Insider Report for Sionna Therapeutics, Inc. (SION)

Role
Director
Signature
/s/ Ommer Chohan, Attorney-in-Fact
Issuer symbol
SION
Transactions as of
10 Feb 2025
Net transactions value
+$1,080,000
Form type
4
Filing time
10 Feb 2025, 16:05:05 UTC
Previous filing
06 Feb 2025
Next filing
04 Mar 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SION Common Stock Conversion of derivative security +2,886,293 2,886,293 10 Feb 2025 By Atlas Venture Fund XI, L.P. F1, F2
transaction SION Common Stock Conversion of derivative security +747,727 747,727 10 Feb 2025 By Atlas Venture Opportunity Fund II, L.P. F1, F3
transaction SION Common Stock Purchase $1,080,000 +60,000 +8% $18.00 807,727 10 Feb 2025 By Atlas Venture Opportunity Fund II, L.P. 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 SION Series Seed convertible preferred stock Conversion of derivative security $0 -1,051,051 -100% $0.000000 0 10 Feb 2025 Common Stock 719,355 By Atlas Venture Fund XI, L.P. F1, F2
transaction SION Series A convertible preferred stock Conversion of derivative security $0 -1,806,317 -100% $0.000000 0 10 Feb 2025 Common Stock 1,236,271 By Atlas Venture Fund XI, L.P. F1, F2
transaction SION Series B convertible preferred stock Conversion of derivative security $0 -1,298,332 -100% $0.000000 0 10 Feb 2025 Common Stock 888,599 By Atlas Venture Fund XI, L.P. F1, F2
transaction SION Series C convertible preferred stock Conversion of derivative security $0 -61,463 -100% $0.000000 0 10 Feb 2025 Common Stock 42,068 By Atlas Venture Fund XI, L.P. F1, F2
transaction SION Series C convertible preferred stock Conversion of derivative security $0 -1,092,504 -100% $0.000000 0 10 Feb 2025 Common Stock 747,727 By Atlas Venture Opportunity Fund II, L.P. F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series Seed convertible preferred stock, Series A convertible preferred stock, Series B convertible preferred stock and Series C convertible preferred stock (collectively, the "Preferred Stock") automatically converted into shares of the Issuer's Common Stock on a one-for-1.4611 basis upon the closing of the Issuer's initial public offering on February 10, 2025. The Preferred Stock had no expiration date.
F2 These shares are held directly by Atlas Venture Fund XI, L.P. ("AVF XI "). The general partner of AVF XI is Atlas Venture Associates XI, L.P. ("AVA XI LP"). Atlas Venture Associates XI, LLC ("AVA XI LLC") is the general partner of AVA XI LP. The Reporting Person is a member of AVA XI LLC and disclaims beneficial ownership of such securities held by AVF XI, except to the extent of his pecuniary interest therein, if any.
F3 These shares are held directly by Atlas Venture Opportunity Fund II, L.P. ("AVOF II"). The general partner of AVOF II is Atlas Venture Associates Opportunity II, L.P. ("AVAO II LP"). Atlas Venture Associates Opportunity II, LLC ("AVAO II LLC") is the general partner of AVAO II LP. The Reporting Person is a member of AVAO II LLC and disclaims beneficial ownership of such securities held by AVOF II, except to the extent of his pecuniary interest therein, if any.

Remarks:

4. Reflects shares purchased in the Issuer's initial public offering.