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Signature
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By: /s/ Jeremy Green, Managing Member of Redmile Group, LLC
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Stock symbol
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ABSI
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Transactions as of
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Jul 26, 2021
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Transactions value $
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$5,000,000
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Form type
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4
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Date filed
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7/28/2021, 09:01 PM
Transactions Table
Type |
Sym |
Class |
Transaction |
Value $ |
Shares |
Change % |
* Price $ |
Shares After |
Date |
Ownership |
Footnotes |
transaction |
ABSI |
Common Stock |
Conversion of derivative security |
|
+4.21M |
|
|
4.21M |
Jul 26, 2021 |
See Footnote |
F1, F3 |
transaction |
ABSI |
Common Stock |
Conversion of derivative security |
|
+1.95M |
+46.24% |
|
6.16M |
Jul 26, 2021 |
See Footnote |
F2, F3 |
transaction |
ABSI |
Common Stock |
Purchase |
$30M |
+1.88M |
+30.46% |
$16.00* |
8.03M |
Jul 26, 2021 |
See Footnote |
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 |
ABSI |
Series E Convertible Preferred Stock |
Conversion of derivative security |
$0 |
-4.21M |
-100% |
$0.00* |
0 |
Jul 26, 2021 |
Common Stock |
4.21M |
|
See Footnote |
F1, F3 |
transaction |
ABSI |
Convertible Promissory Note |
Conversion of derivative security |
-$25M |
|
|
|
0 |
Jul 26, 2021 |
Common Stock |
1.95M |
|
See Footnote |
F2, F3 |
* An asterisk sign (*) next to the price indicates that the price is likely invalid.
Explanation of Responses:
Remarks:
(1) Amrit Nagpal, a member of the board of directors of the Issuer and a managing director of Redmile, was elected to the board of the Issuer as a representative of Redmile. As a result, the Reporting Persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. (2) As a result of the dilutive effect of the automatic conversion of all of the Issuer's convertible preferred stock and convertible promissory notes outstanding upon the closing of the Issuer's public offering, the Reporting Persons ceased to beneficially own more than 10% of the Issuer's common stock outstanding as of July 26, 2021.