Corebridge DECO II, LLC - 06 Feb 2024 Form 4 Insider Report for Fractyl Health, Inc. (GUTS)

Role: 10%+ Owner
Signature: /s/ Atif Mahmood, Chief Financial Officer, SAFG Capital LLC as Managing Member of Corebridge Investments Fund Holdings, LLC as Manager of Corebridge DECO II, LLC
Issuer symbol: GUTS
Transactions as of: 06 Feb 2024
Net transactions value: $0
Form type: 4
Filing time: 08 Feb 2024, 16:51:35 UTC
Previous filing: 01 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GUTS	Common Stock	Conversion of derivative security		+673,391			673,391	06 Feb 2024	Direct	F1, 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	GUTS	Series E Preferred Shares	Conversion of derivative security	$0	-1,172,236	-100%	$0.000000^*	0	06 Feb 2024	Common Stock	546,242		Direct	F1, F2
transaction	GUTS	Series F Preferred Shares	Conversion of derivative security	$0	-272,863	-100%	$0.000000^*	0	06 Feb 2024	Common Stock	127,149		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Corebridge DECO II, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	The Series E Convertible Preferred Stock and Series F Convertible Preferred Stock (together, the "Preferred Shares") automatically converted into shares of the Issuer's common stock, for no additional consideration, immediately prior to the closing of the Issuer's initial public offering of common stock, at a conversion ratio of 1 share of Common Stock for 2.146 Preferred Shares. The Preferred Shares had no expiration date.
F2	Corebridge DECO II, LLC is an indirect subsidiary of American International Group, Inc.

Content

The Series E Convertible Preferred Stock and Series F Convertible Preferred Stock (together, the "Preferred Shares") automatically converted into shares of the Issuer's common stock, for no additional consideration, immediately prior to the closing of the Issuer's initial public offering of common stock, at a conversion ratio of 1 share of Common Stock for 2.146 Preferred Shares. The Preferred Shares had no expiration date.

Corebridge DECO II, LLC is an indirect subsidiary of American International Group, Inc.