Redmile Group, LLC - Apr 19, 2023 Form 4 Insider Report for Augmedix, Inc. (AUGX)

Role
Director, 10%+ Owner
Signature
By: /s/ Jeremy Green, Managing Member of Redmile Group, LLC
Stock symbol
AUGX
Transactions as of
Apr 19, 2023
Transactions value $
$6,999,999
Form type
4
Date filed
4/21/2023, 09:30 PM
Previous filing
Apr 17, 2023
Next filing
Apr 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AUGX Common Stock Award $2M +1.25M +8.69% $1.60 15.6M Apr 19, 2023 See Footnote F1, 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 AUGX Pre-Funded Warrants to Purchase Common Stock Award $5M +3.13M $1.60 3.13M Apr 19, 2023 Common Stock 3.13M $0.00 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 19, 2023, RedCo II Master Fund, L.P. ("RedCo II"), a private investment vehicle managed by Redmile Group, LLC ("Redmile"), acquired shares of the Issuer's common stock for a purchase price per share equal to $1.60 and pre-funded warrants (the "Pre-Funded Warrants") to purchase the Issuer's common stock (the "Pre-Funded Warrant Shares") for a purchase price per share equal to $1.60, less $0.0001, in a private placement by the Issuer to certain investors pursuant to the terms of a securities purchase agreement, dated as of April 19, 2023 (the "Purchase Agreement").
F2 The Pre-Funded Warrants are exercisable by the holder at any time on or after the closing date of the Purchase Agreement until fully exercised at an exercise price of $0.0001 per Pre-Funded Warrant Share, subject to a limitation on the right of the Issuer to issue the Pre-Funded Warrant Shares if and to the extent that such exercise would violate the rules or regulations of Nasdaq Stock Market LLC. The Pre-Funded Warrants have no expiration date.
F3 These reported securities may be deemed beneficially owned by Redmile as investment manager of RedCo II. The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile. Each of Redmile and Mr. Green disclaims beneficial ownership of the reported securities except to the extent of its or his pecuniary interest therein. This report shall not be deemed an admission that Redmile or Mr. Green is a beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Rob Faulkner, 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 and its affiliates. As a result, the Reporting Persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.