Redmile Group, LLC - 13 Oct 2022 Form 3 Insider Report for Zymeworks Inc. (ZYME)

Role
10%+ Owner
Signature
By: /s/ Jeremy Green, Managing Member of Redmile Group, LLC
Issuer symbol
ZYME
Transactions as of
13 Oct 2022
Net transactions value
$0
Form type
3
Filing time
17 Oct 2022, 21:46:34 UTC
Previous filing
05 Oct 2022
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding ZYME Common Stock, par value $0.00001 per share 6,045,437 13 Oct 2022 See Footnote F1, 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
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 25,870 $5.49 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 47,044 $5.71 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 101,805 $5.74 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 87,677 $6.01 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 50,000 $6.34 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 91,272 $5.94 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 79,517 $5.69 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 50,000 $5.93 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 100,000 $5.93 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 40,621 $5.92 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 90,000 $5.94 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 27,861 $6.19 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 50,000 $6.35 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 46,137 $6.42 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 100,000 $5.94 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 161,481 $5.48 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 35,000 $5.68 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 40,122 $5.77 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 61,886 $5.85 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 132,127 $5.82 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 42,776 $5.89 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 25,000 $6.12 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 33,615 $6.39 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 5,948 $6.20 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 135,000 $7.00 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 69,365 $6.71 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 42,184 $6.87 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 103,329 $7.11 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 50,000 $7.33 See Footnote F2, F3, F4, F5, F6
holding ZYME Cash-settled Swaps 13 Oct 2022 Common Stock 31,154 $7.27 See Footnote F2, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 13, 2022, Zymeworks BC Inc. (formerly known as Zymeworks Inc.), a corporation existing under the laws of the Province of British Columbia ("Legacy Zymeworks"), completed a series of transactions, including a corporate re-domicile (the "Transactions"), pursuant to which Zymeworks Inc. (formerly known as Zymeworks Delaware, Inc.), a Delaware corporation (the "Issuer"), ultimately became the parent company of and successor to Legacy Zymeworks. As part of the Transactions, holders of the common shares of Legacy Zymeworks, including the Redmile Clients (as defined below), received shares of the Issuer's common stock, par value $0.00001 per share (the "Common Stock"), on a one-for-one basis.
F2 These securities are directly owned by certain private investment vehicles and separate accounts managed by Redmile Group, LLC ("Redmile") and may be deemed beneficially owned by Redmile as investment manager of such private investment vehicles and separate accounts (the "Redmile Clients"). The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile. Redmile and Mr. Green (the "Reporting Persons") disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and 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.
F3 Certain Redmile Clients are parties to swap agreements with counterparties that provide those Redmile Clients with economic exposure to an aggregate 3,427,167 notional shares. Each notional share subject to each swap agreement represents the economic equivalent of one share of the Issuer's common stock. These agreements do not give the Reporting Persons direct or indirect voting, investment or dispositive control over any securities of the Issuer and do not require the counterparties thereto to acquire, hold, vote or dispose of any securities of the Issuer. Accordingly, the Reporting Persons disclaim any beneficial ownership in securities that may be referenced in such swap agreements or that may be held from time to time by any counterparties to the agreements.
F4 The Reporting Persons have the right to terminate and close out each swap at any time.
F5 Upon settlement of the various swap agreements, either (i) the counterparty will pay to the Redmile Clients in cash an amount determined in part by reference to any increase between the reference price and the market value of the notional number of shares of Common Stock subject to the swap agreement or (ii) the Redmile Clients will pay to the counterparty in cash an amount determined in part by reference to any decrease between the reference price and the market value of the notional number of shares of Common Stock subject to the swap agreement.
F6 Represents the reference price associated with the swap agreements.

Remarks:

Filing 2 of 2 - Additional cash-settled swaps beneficially owned by the Reporting Persons are reported in a separate Form 3 dated the same date hereof.