George Kemble - 18 Jul 2023 Form 4 Insider Report for Sagimet Biosciences Inc. (SGMT)

Role
Director
Signature
/s/ Dennis Hom, Attorney-in-Fact
Issuer symbol
SGMT
Transactions as of
18 Jul 2023
Net transactions value
$0
Form type
4
Filing time
20 Jul 2023, 16:17:00 UTC
Previous filing
13 Jul 2023
Next filing
08 Sep 2023
SEC
View on sec.gov

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 SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -5,630 -100% $0.000000* 0 18 Jul 2023 Common Stock 5,630 $0.7900 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +5,630 $0.000000 5,630 18 Jul 2023 Series A Common Stock 5,630 $0.7900 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -3,179 -100% $0.000000* 0 18 Jul 2023 Common Stock 3,179 $11.13 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +3,179 $0.000000 3,179 18 Jul 2023 Series A Common Stock 3,179 $11.13 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -7,147 -100% $0.000000* 0 18 Jul 2023 Common Stock 7,147 $23.05 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +7,147 $0.000000 7,147 18 Jul 2023 Series A Common Stock 7,147 $23.05 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -26,352 -100% $0.000000* 0 18 Jul 2023 Common Stock 26,352 $19.87 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +26,352 $0.000000 26,352 18 Jul 2023 Series A Common Stock 26,352 $19.87 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -367,824 -100% $0.000000* 0 18 Jul 2023 Common Stock 367,824 $6.36 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +367,824 $0.000000 367,824 18 Jul 2023 Series A Common Stock 367,824 $6.36 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -46,432 -100% $0.000000* 0 18 Jul 2023 Common Stock 46,432 $6.36 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +46,432 $0.000000 46,432 18 Jul 2023 Series A Common Stock 46,432 $6.36 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -526,332 -100% $0.000000* 0 18 Jul 2023 Common Stock 526,332 $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +526,332 $0.000000 526,332 18 Jul 2023 Series A Common Stock 526,332 $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -21,173 -100% $0.000000* 0 18 Jul 2023 Common Stock 21,173 $7.15 Direct F1, F4
transaction SGMT Stock Option (Right to Buy) Award $0 +21,173 $0.000000 21,173 18 Jul 2023 Series A Common Stock 21,173 $7.15 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7 and Rule 16b-3, each share of Common Stock was reclassified into one share of Series A Common Stock.
F2 This option is fully vested and exercisable as of the date hereof.
F3 The shares underlying this option vest and become exercisable in forty-eight (48) equal monthly installments following January 27, 2021, subject to the Reporting Person's continued service on each such vesting date.
F4 25% of the shares underlying this option shall vest and become exercisable on October 17, 2023, with the remainder vesting in thirty-six equal monthly installments thereafter, subject to the Reporting Person's continued service on each such vesting date.