Redmile Group, LLC - Aug 10, 2021 Form 4 Insider Report for Adagio Therapeutics, Inc. (IVVD)

Role
10%+ Owner
Signature
By: /s/ Jeremy Green, Managing Member of Redmile Group, LLC
Stock symbol
IVVD
Transactions as of
Aug 10, 2021
Transactions value $
$24,990,000
Form type
4
Date filed
8/12/2021, 09:01 PM
Previous filing
Aug 5, 2021
Next filing
Oct 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IVVD Common Stock Conversion of derivative security +1.92M 1.92M Aug 10, 2021 See Footnote F1, F2
transaction IVVD Common Stock Purchase $25M +1.47M +76.52% $17.00* 3.39M Aug 10, 2021 See Footnote F2

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 IVVD Series C Preferred Stock Conversion of derivative security $0 -1.92M -100% $0.00* 0 Aug 10, 2021 Common Stock 1.92M See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Redmile Group, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Series C preferred stock (the "Series C Preferred") automatically converted into shares of the Issuer's common stock upon the closing of the Issuer's initial public offering for no consideration. The Series C Preferred had no expiration date.
F2 The Series C Preferred are directly owned by certain private investment vehicles managed by Redmile Group, LLC ("Redmile") and the reported securities may be deemed beneficially owned by Redmile as investment manager of such private investment vehicles. The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile. Each of Redmile and Mr. Green (the "Reporting Persons") disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. This report shall not be deemed an admission that such Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.