Redmile Group, LLC - Dec 4, 2024 Form 4 Insider Report for Shattuck Labs, Inc. (STTK)

Signature
By: /s/ Jeremy Green, Managing Member of Redmile Group, LLC
Stock symbol
STTK
Transactions as of
Dec 4, 2024
Transactions value $
$0
Form type
4
Date filed
12/6/2024, 09:00 PM
Previous filing
Oct 4, 2024
Next filing
Dec 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction STTK Common Stock, par value $0.0001 per share Sale -$167K -133K -2.41% $1.25 5.41M Dec 4, 2024 See footnote F1, F2, F3
transaction STTK Common Stock, par value $0.0001 per share Purchase $167K +133K +2.47% $1.25 5.54M Dec 4, 2024 See footnote F1, F3
transaction STTK Common Stock, par value $0.0001 per share Other -$1.28M -1.03M -18.54% $1.25 4.51M Dec 4, 2024 See footnote F1, F3
transaction STTK Common Stock, par value $0.0001 per share Other $1.28M +1.03M +22.75% $1.25 5.54M Dec 4, 2024 See footnote F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 4, 2024, certain private investment vehicles (the "Redmile Clients") managed by Redmile Group, LLC ("Redmile") engaged in cross trades with respect to 1,026,888 shares of Common Stock. Certain other Redmile Clients purchased and sold shares of Common Stock concurrently with the cross trades at the same price. The reported transactions occurred simultaneously, at which time the price per share of the Common Shares was $1.25, and therefore the reported transactions resulted in no profit to Redmile or Jeremy Green and the cross trades and other transactions resulted in no change in either of their aggregate beneficial ownership.
F2 Since the last Form 4 filing by Redmile and Mr. Green, Redmile has ceased serving as the investment adviser to a sub-advised account that held 75,765 shares of the Issuer's Common Shares (such shares, the "Account Shares") and therefore no longer has voting or dispositive power with respect to such shares. Accordingly, the amount of shares beneficially owned by Redmile and Mr. Green as disclosed herein does not include the Account Shares and each of Redmile and Mr. Green disclaims beneficial ownership of the Account Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3 Redmile may be deemed to beneficially own the reported securities as the investment manager of the Redmile Clients. The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile. Redmile and Mr. Green (the "Reporting Persons") disclaim beneficial ownership of the reported securities except to the extent of its and his respective pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Persons are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Remarks:

Mr. 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.