Merdad Parsey - 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, 16:17:52 UTC
Previous filing
13 Jul 2023
Next filing
11 Sep 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGMT Common Stock Disposed to Issuer -8,677 -100% 0 18 Jul 2023 Direct F1
transaction SGMT Series A Common Stock Award +8,677 8,677 18 Jul 2023 Direct F1
transaction SGMT Series A Common Stock Conversion of derivative security +4,117 +47% 12,794 18 Jul 2023 Direct 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 SGMT Series E Preferred Stock Conversion of derivative security $0 -327,309 -100% $0.000000* 0 18 Jul 2023 Series A Common Stock 4,117 Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -2,086 -100% $0.000000* 0 18 Jul 2023 Common Stock 2,086 $11.13 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +2,086 $0.000000 2,086 18 Jul 2023 Series A Common Stock 2,086 $11.13 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -3,349 -100% $0.000000* 0 18 Jul 2023 Common Stock 3,349 $23.05 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +3,349 $0.000000 3,349 18 Jul 2023 Series A Common Stock 3,349 $23.05 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -144 -100% $0.000000* 0 18 Jul 2023 Common Stock 144 $23.05 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +144 $0.000000 144 18 Jul 2023 Series A Common Stock 144 $23.05 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -23,216 -100% $0.000000* 0 18 Jul 2023 Common Stock 23,216 $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +23,216 $0.000000 23,216 18 Jul 2023 Series A Common Stock 23,216 $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -23,839 -100% $0.000000* 0 18 Jul 2023 Common Stock 23,839 $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +23,839 $0.000000 23,839 18 Jul 2023 Series A Common Stock 23,839 $6.36 Direct F1, F3
* 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 Upon closing of the Issuer's initial public offering, each share of Series E Preferred Stock automatically converted on a 79.4784-to-one basis into shares of the Issuer's Series A Common Stock. The Series E Preferred Stock had no expiration date.
F3 The shares underlying this option are fully vested and exercisable as of the date hereof.