| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STTK | Pre-Funded Warrant to Purchase Common Stock | Award | +3.1M | 3.1M | Dec 21, 2023 | Common Stock | 3.1M | $0.00 | See footnote | F1, F2, F3 |
| Id | Content |
|---|---|
| F1 | On December 21, 2023, the Issuer entered into a securities purchase agreement (the "Purchase Agreement") with certain private investment vehicles and sub-advised accounts managed by Redmile Group, LLC (collectively, the "Redmile Funds"). Pursuant to the terms of the Purchase Agreement, the Issuer in a private placement, which closed on the second trading day following the date of the Purchase Agreement, issued and sold to the Redmile Funds pre-funded warrants (the "Warrants") to purchase up to an aggregate of 3,100,823 shares of the Issuer's common stock (the "Warrant Shares") at a purchase price per share equal to $6.4499, which represents the offering price per share of the Common Stock less the exercise price per share of $0.0001. |
| F2 | The Warrants are exercisable by the Redmile Funds at any time on or after the original issuance date of the Purchase Agreement until fully exercised at an exercise price per share equal to $0.0001, subject to a 9.99% beneficial ownership blocker. The Warrants have no expiration date. |
| F3 | These securities may be deemed beneficially owned by Redmile Group, LLC ("Redmile") as investment manager of the Redmile Funds. The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile (collectively with Redmile, the "Reporting Persons"). Each of the Reporting Persons 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 the Reporting Persons are 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. |
Mike Lee, 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.