Thomas A. Raffin - 08 Jul 2025 Form 4 Insider Report for Akoya Biosciences, Inc. (AKYA)

Role
Director
Signature
/s/ Thomas A. Raffin
Issuer symbol
AKYA
Transactions as of
08 Jul 2025
Net transactions value
$0
Form type
4
Filing time
10 Jul 2025, 20:37:37 UTC
Previous filing
13 Dec 2024

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Raffin Thomas A. Director C/O AKOYA BIOSCIENCES, INC., 100 CAMPUS DRIVE, 6TH FLOOR, MARLBOROUGH /s/ Thomas A. Raffin 10 Jul 2025 0001512119

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AKYA Common Stock Other -234,592 -100% 0 08 Jul 2025 Thomas A. Raffin Living Trust dated March 29, 2017 F1, F2
transaction AKYA Common Stock Other -1,737,712 -100% 0 08 Jul 2025 See footnote 3 F1, F2, F3
transaction AKYA Common Stock Other -15,937,535 -100% 0 08 Jul 2025 See footnote 4 F1, F2, 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 AKYA Stock Option (Right to Buy) Other $0 -16,860 -100% $0.000000 0 08 Jul 2025 Common Stock 16,860 $21.95 Direct F5, F6
transaction AKYA Stock Option (right to buy) Other $0 -30,549 -100% $0.000000 0 08 Jul 2025 Common Stock 30,549 $11.24 Direct F5, F6
transaction AKYA Stock Option (right to buy) Other $0 -56,322 -100% $0.000000 0 08 Jul 2025 Common Stock 56,322 $5.70 Direct F5, F6
transaction AKYA Stock Option (right to buy) Other $0 -50,000 -100% $0.000000 0 08 Jul 2025 Common Stock 50,000 $2.01 Direct F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Thomas A. Raffin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposition of shares pursuant to that certain Amended and Restated Agreement and Plan of Merger dated as of April 28, 2025, as amended (the "Merger Agreement"), by and among Quanterix Corporation, a Delaware corporation ("Quanterix"), Wellfleet Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Quanterix ("Merger Sub"), and Issuer. On July 8, 2025 (the "Closing Date"), Merger Sub merged with and into Issuer (the "Merger"), with Issuer surviving the Merger as a wholly owned subsidiary of Quanterix.
F2 In connection with the terms of the Merger Agreement, each share of common stock of Issuer outstanding on the Closing Date was converted into the right to receive (a) 0.1461 of a share of common stock of Quanterix (the "Per Share Stock Consideration") and (b) $0.38 in cash, without interest (the "Per Share Cash Consideration" and together with the Per Share Stock Consideration, the "Per Share Merger Consideration"). Each of the Per Share Stock Consideration and the Per Share Cash Consideration may be adjusted pursuant to the terms of the Merger Agreement.
F3 Shares held directly by THP III Affiliates Fund, LLC ("THP III AFF"). Telegraph Hill Partners III Investment Management, LLC ("THP IM") is the manager of THP III AFF. Telegraph Hill Partners Management Company, LLC ("THPMC") is the manager of THP IM. J. Matthew Mackowski, Dr. Thomas A. Raffin and Deval Lashkari are each managers of THPMC and may be deemed to share voting and dispositive power over the securities held by THP III AFF. Each of these individuals disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F4 Shares held directly by Telegraph Hill Partners III, L.P. ("THP III"). THP IM is the general partner of THP III. THPMC is the manager of THP IM. J. Matthew Mackowski, Dr. Thomas A. Raffin and Deval Lashkari are each managers of THPMC and may be deemed to share voting and dispositive power over the securities held by THP III. Each of these individuals disclaims beneficial ownership over such securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F5 Disposition of options pursuant to Merger Agreement.
F6 Pursuant to the Merger Agreement, as of the Closing Date, each outstanding option to purchase Issuer common stock was accelerated and each option with a per share exercise price equal to or greater than the Per Share Merger Consideration was automatically terminated and cancelled for no consideration.