TSSP Sub-Fund HoldCo LLC - 20 Jun 2025 Form 4 Insider Report for Caris Life Sciences, Inc.

Signature
TSSP Sub-Fund Holdco, LLC, By: /s/ Joshua Peck, Vice President
Issuer symbol
CAI on Nasdaq
Transactions as of
20 Jun 2025
Net transactions value
$0
Form type
4
Filing time
23 Jun 2025, 16:45:05 UTC
Previous filing
17 Jun 2025

Reporting Owners (2)

Name Relationship Address Signature Signature date CIK
TSSP Sub-Fund HoldCo LLC Former 10% Owner C/O SIXTH STREET PARTNERS, LLC, 2100 MCKINNEY AVENUE, SUITE 1500, DALLAS TSSP Sub-Fund Holdco, LLC, By: /s/ Joshua Peck, Vice President 23 Jun 2025 0001677508
Waxman Alan Former 10% Owner 1 LETTERMAN DRIVE, BUILDING B, SUITE B6-100, SAN FRANCISCO Alan Waxman By: /s/ Joshua Peck, on behalf of Alan Waxman 23 Jun 2025 0001515132

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CAI Common Stock Conversion of derivative security +1,721,015 1,721,015 20 Jun 2025 Held by Barnett Equity Holdings, LLC F1, F5, F7
transaction CAI Common Stock Conversion of derivative security +3,881,988 3,881,988 20 Jun 2025 Held by TOP III Barnett Investments, LLC F1, F5, F7
transaction CAI Common Stock Conversion of derivative security +3,493,789 3,493,789 20 Jun 2025 Held by TAO Barnett Investments LLC F1, F5, F7
transaction CAI Common Stock Conversion of derivative security +478,779 478,779 20 Jun 2025 Held by Sixth Street Specialty Lending, Inc. F1, F6, F7
transaction CAI Common Stock Conversion of derivative security +531,746 +111% 1,010,525 20 Jun 2025 Held by Sixth Street Specialty Lending, Inc. F2, F6, F7
transaction CAI Common Stock Conversion of derivative security +10,103,175 10,103,175 20 Jun 2025 Held by Barnett Equity Holdings II, LLC F2, F5, F7
transaction CAI Common Stock Exercise of in-the-money or at-the-money derivative security +2,255,048 +131% 3,976,063 20 Jun 2025 Held by Barnett Equity Holdings, LLC F3, F5, F7
transaction CAI Common Stock Exercise of in-the-money or at-the-money derivative security +118,687 +12% 1,129,212 20 Jun 2025 Held by Sixth Street Specialty Lending, Inc. F3, F6, F7
transaction CAI Common Stock Exercise of in-the-money or at-the-money derivative security +1,711,113 +43% 5,687,176 20 Jun 2025 Held by Barnett Equity Holdings, LLC F4, F5, F7
transaction CAI Common Stock Exercise of in-the-money or at-the-money derivative security +90,059 +8% 1,219,271 20 Jun 2025 Held by Sixth Street Specialty Lending, Inc. F4, F6, F7

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 CAI Series C Preferred Stock Conversion of derivative security $0 -6,884,058 -100% $0.000000 0 20 Jun 2025 Common Stock 1,721,015 Held by Barnett Equity Holdings, LLC F1, F5, F7
transaction CAI Series C Preferred Stock Conversion of derivative security $0 -15,527,951 -100% $0.000000 0 20 Jun 2025 Common Stock 3,881,988 Held by TOP III Barnett Investments, LLC F1, F5, F7
transaction CAI Series C Preferred Stock Conversion of derivative security $0 -13,975,155 -100% $0.000000 0 20 Jun 2025 Common Stock 3,493,789 Held by TAO Barnett Investments LLC F1, F5, F7
transaction CAI Series C Preferred Stock Conversion of derivative security $0 -1,915,114 -100% $0.000000 0 20 Jun 2025 Common Stock 478,779 Held by Sixth Street Specialty Lending, Inc. F1, F6, F7
transaction CAI Series D Preferred Stock Conversion of derivative security $0 -1,240,740 -100% $0.000000 0 20 Jun 2025 Common Stock 531,746 Held by Sixth Street Specialty Lending, Inc. F2, F6, F7
transaction CAI Series D Preferred Stock Conversion of derivative security $0 -23,574,073 -100% $0.000000 0 20 Jun 2025 Common Stock 10,103,175 Held by Barnett Equity Holdings II, LLC F2, F5, F7
transaction CAI 2018 Warrants Exercise of in-the-money or at-the-money derivative security $0 -13,009,892 -100% $0.000000 0 20 Jun 2025 Common Stock 2,255,048 Held by Barnett Equity Holdings, LLC F3, F5, F7
transaction CAI 2018 Warrants Exercise of in-the-money or at-the-money derivative security $0 -684,731 -100% $0.000000 0 20 Jun 2025 Common Stock 118,687 Held by Sixth Street Specialty Lending, Inc. F3, F6, F7
transaction CAI 2020 Warrants Exercise of in-the-money or at-the-money derivative security $0 -10,829,823 -100% $0.000000 0 20 Jun 2025 Common Stock 1,711,113 Held by Barnett Equity Holdings, LLC F4, F5, F7
transaction CAI 2020 Warrants Exercise of in-the-money or at-the-money derivative security $0 -569,991 -100% $0.000000 0 20 Jun 2025 Common Stock 90,059 Held by Sixth Street Specialty Lending, Inc. F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

TSSP Sub-Fund HoldCo LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each share of Series C Preferred Stock of Caris Life Sciences, Inc. (the "Issuer") was convertible at the option of the holder into 0.25 shares of common stock $.001 par value of the Issuer (the "Common Stock") and automatically converted into Common Stock immediately prior to and in connection with the closing of the Issuer's initial public offering (the "IPO"). The number of shares received upon conversion reflects certain adjustments pursuant to the terms of the Issuer's amended and restated certificate of formation (the "Charter"), in connection with the IPO. The Series C Preferred Stock had no expiration date.
F2 Each share of Series D Preferred Stock of the Issuer was convertible at the option of the holder into 0.25 shares of Common Stock of the Issuer and automatically converted into Common Stock immediately prior to and in connection with the closing of the Issuer's IPO. The number of shares received upon conversion reflects certain adjustments pursuant to the terms of the Issuer's Charter, in connection with the IPO. The Series D Preferred Stock had no expiration date.
F3 The 2018 warrants were exercisable at the option of the holder into shares of Series C Preferred Stock of the Issuer at an exercise price of $1.61 per share and into Common Stock at an exercise price of $6.44 per share. Immediately prior to and in connection with the closing of the Issuer's IPO, the 2018 warrants were exercised on a cashless basis into shares of Series C Preferred Stock which then automatically converted into Common Stock. The number of shares received upon conversion reflects certain adjustments pursuant to the terms of the Issuer's Charter, in connection with the IPO.
F4 The 2020 warrants were exercisable into Series C preferred stock at a price of $1.93 per share and into Common Stock at a price of $7.73 per share. Immediately prior to and in connection with the closing of the Issuer's IPO the 2020 warrants were exercised on a cashless basis into shares of Series C Preferred Stock which then automatically converted into Common Stock. The number of shares received upon conversion reflects certain adjustments pursuant to the terms of the Issuer's Charter, in connection with the IPO.
F5 TSSP Sub-Fund Holdco, LLC, a Delaware limited liability company ("Sub-Fund HoldCo"), is the sole member of each of TAO SPV GP, LLC, a Delaware limited liability company ("TAO SPV"), and Empire SPV GP, LLC, a Delaware limited liability company ("Empire SPV"). TAO SPV is the managing member of each of (i) Barnett Equity Holdings, LLC; (ii) Barnett Equity Holdings II LLC; and (iii) TAO Barnett Investments LLC. Empire SPV is the managing member of TOP III Barnett Investments, LLC.
F6 TSSP Holdco Management, LLC, a Delaware limited liability company ("Holdco Management"), manages Sixth Street Specialty Lending Advisers Holdings, LLC, a Delaware limited liability company ("Adviser Holdings"). The business and affairs of Sixth Street Specialty Lending Advisers, LLC, a Delaware limited liability company ("Adviser"), are managed by Adviser Holdings, the sole member of Adviser. Sixth Street Specialty Lending, Inc. is managed by Adviser.
F7 Sub-Fund HoldCo is managed by its sole member, whose managing member is Alan Waxman ("Mr. Waxman"). Holdco Management is managed by a board of directors, which is currently comprised of Mr. Waxman. Mr. Waxman is the CEO of Holdco Management. Each Reporting Person disclaims beneficial ownership over the reported securities herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of its or his pecuniary interest therein.

Remarks:

Joshua Peck is signing on behalf of Mr. Waxman pursuant to an authorization and designation letter dated December 31, 2024, which was previously filed with the Commission as an exhibit to the Form 3 filed by Mr. Waxman on June 17, 2025.