Merdad Parsey - 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 11, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SGMT Common Stock Disposed to Issuer -8.68K -100% 0 Jul 18, 2023 Direct F1
transaction SGMT Series A Common Stock Award +8.68K 8.68K Jul 18, 2023 Direct F1
transaction SGMT Series A Common Stock Conversion of derivative security +4.12K +47.45% 12.8K Jul 18, 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 -327K -100% $0.00* 0 Jul 18, 2023 Series A Common Stock 4.12K Direct F1, F2
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -2.09K -100% $0.00* 0 Jul 18, 2023 Common Stock 2.09K $11.13 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +2.09K $0.00 2.09K Jul 18, 2023 Series A Common Stock 2.09K $11.13 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -3.35K -100% $0.00* 0 Jul 18, 2023 Common Stock 3.35K $23.05 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +3.35K $0.00 3.35K Jul 18, 2023 Series A Common Stock 3.35K $23.05 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -144 -100% $0.00* 0 Jul 18, 2023 Common Stock 144 $23.05 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +144 $0.00 144 Jul 18, 2023 Series A Common Stock 144 $23.05 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -23.2K -100% $0.00* 0 Jul 18, 2023 Common Stock 23.2K $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +23.2K $0.00 23.2K Jul 18, 2023 Series A Common Stock 23.2K $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Disposed to Issuer $0 -23.8K -100% $0.00* 0 Jul 18, 2023 Common Stock 23.8K $6.36 Direct F1, F3
transaction SGMT Stock Option (Right to Buy) Award $0 +23.8K $0.00 23.8K Jul 18, 2023 Series A Common Stock 23.8K $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.