Jonathan Root - Dec 13, 2021 Form 4 Insider Report for Silverback Therapeutics, Inc. (SPRY)

Role: Director
Signature: Dale Holladay, Attorney in Fact for the Reporting Person
Stock symbol: SPRY
Transactions as of: Dec 13, 2021
Transactions value $: $0
Form type: 4
Date filed: 12/15/2021, 01:56 PM
Previous filing: Dec 6, 2021
Next filing: Feb 28, 2022

Transactions Table

Type	Sym	Class	Transaction	Shares	Change %	Shares After	Date	Ownership	Footnotes
transaction	SPRY	Common Stock	Other	-2.07M	-100%	0	Dec 13, 2021	Directly owned by USVP XII	F1, F2
transaction	SPRY	Common Stock	Other	-105K	-100%	0	Dec 13, 2021	Directly owned by USVP XII-A	F1, F2
holding	SPRY	Common Stock				95.2K	Dec 13, 2021	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents a pro-rata, in-kind distribution by U.S. Venture Partners XII, L.P. ("USVP XII") and by U.S. Venture Partners XII-A, L.P. ("USVP XII-A"), without additional consideration, to its partners.
F2	Presidio Management Group XII, L.L.C. (PMG XII), the general partner of U.S. Venture Partners XII, L.P. and U.S. Venture Partners XII-A, L.P. (together, USVP XII), has sole voting and dispositive power with respect to the shares held by USVP XII. The reporting person is a managing member of PMG XII, and shares voting and dispositive power with respect to the shares held by USVP XII. The reporting person disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.

Content

Represents a pro-rata, in-kind distribution by U.S. Venture Partners XII, L.P. ("USVP XII") and by U.S. Venture Partners XII-A, L.P. ("USVP XII-A"), without additional consideration, to its partners.

Presidio Management Group XII, L.L.C. (PMG XII), the general partner of U.S. Venture Partners XII, L.P. and U.S. Venture Partners XII-A, L.P. (together, USVP XII), has sole voting and dispositive power with respect to the shares held by USVP XII. The reporting person is a managing member of PMG XII, and shares voting and dispositive power with respect to the shares held by USVP XII. The reporting person disclaims beneficial ownership of such holdings, except to the extent of his pecuniary interest in the shares.