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

Role
Director
Signature
/s/ Dennis Hom, Attorney-in-Fact
Stock symbol
SGMT
Transactions as of
Jul 18, 2023
Transactions value $
$0
Form type
4
Date filed
7/20/2023, 04:17 PM
Previous filing
Jul 13, 2023
Next filing
Sep 8, 2023

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 -5.63K -100% $0.00* 0 Jul 18, 2023 Common Stock 5.63K $0.79 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +5.63K $0.00 5.63K Jul 18, 2023 Series A Common Stock 5.63K $0.79 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -3.18K -100% $0.00* 0 Jul 18, 2023 Common Stock 3.18K $11.13 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +3.18K $0.00 3.18K Jul 18, 2023 Series A Common Stock 3.18K $11.13 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -7.15K -100% $0.00* 0 Jul 18, 2023 Common Stock 7.15K $23.05 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +7.15K $0.00 7.15K Jul 18, 2023 Series A Common Stock 7.15K $23.05 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -26.4K -100% $0.00* 0 Jul 18, 2023 Common Stock 26.4K $19.87 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +26.4K $0.00 26.4K Jul 18, 2023 Series A Common Stock 26.4K $19.87 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -368K -100% $0.00* 0 Jul 18, 2023 Common Stock 368K $6.36 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +368K $0.00 368K Jul 18, 2023 Series A Common Stock 368K $6.36 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -46.4K -100% $0.00* 0 Jul 18, 2023 Common Stock 46.4K $6.36 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Award $0 +46.4K $0.00 46.4K Jul 18, 2023 Series A Common Stock 46.4K $6.36 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -526K -100% $0.00* 0 Jul 18, 2023 Common Stock 526K $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +526K $0.00 526K Jul 18, 2023 Series A Common Stock 526K $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -21.2K -100% $0.00* 0 Jul 18, 2023 Common Stock 21.2K $7.15 Direct F1, F4
transaction SGMT Stock Option (Right to Buy) Award $0 +21.2K $0.00 21.2K Jul 18, 2023 Series A Common Stock 21.2K $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.