Rick Yang - 09 Feb 2026 Form 4 Insider Report for SpyGlass Pharma, Inc. (SGP)

Role: 10%+ Owner
Signature: /s/ Zachary Bambach, attorney-in-fact
Issuer symbol: SGP
Transactions as of: 09 Feb 2026
Net transactions value: +$15,000,000
Form type: 4
Filing time: 11 Feb 2026, 16:30:14 UTC
Previous filing: 05 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Yang Rick	10%+ Owner	2855 SAND HILL ROAD, MENLO PARK	/s/ Zachary Bambach, attorney-in-fact	11 Feb 2026	0001851328

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SGP	Common Stock	Conversion of derivative security		+1,619,240			1,619,240	09 Feb 2026	See Note 2	F1, F2
transaction	SGP	Common Stock	Conversion of derivative security		+1,370,168	+85%		2,989,408	09 Feb 2026	See Note 2	F1, F2
transaction	SGP	Common Stock	Conversion of derivative security		+1,370,168	+46%		4,359,576	09 Feb 2026	See Note 2	F1, F2
transaction	SGP	Common Stock	Conversion of derivative security		+737,962	+17%		5,097,538	09 Feb 2026	See Note 2	F1, F2
transaction	SGP	Common Stock	Purchase	$15,000,000	+937,500	+18%	$16.00	6,035,038	09 Feb 2026	See Note 2	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Shares	Change %	Date	Underlying Class	Amount	Ownership	Footnotes
transaction	SGP	Series B Preferred Stock	Conversion of derivative security	-1,619,240	-100%	09 Feb 2026	Common Stock	1,619,240	See Note 2	F1, F2
transaction	SGP	Series C-1 Preferred Stock	Conversion of derivative security	-1,370,168	-100%	09 Feb 2026	Common Stock	1,370,168	See Note 2	F1, F2
transaction	SGP	Series C-2 Preferred Stock	Conversion of derivative security	-1,370,168	-100%	09 Feb 2026	Common Stock	1,370,168	See Note 2	F1, F2
transaction	SGP	Series D Preferred Stock	Conversion of derivative security	-737,962	-100%	09 Feb 2026	Common Stock	737,962	See Note 2	F1, F2

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

Explanation of Responses:

Id	Content
F1	All shares of the preferred stock, par value $0.00001 per share, of the Issuer automatically converted on a one-for-one basis to shares of the Issuer's common stock, par value $0.00001 per share ("Common Stock"), prior to the closing of the Issuer's initial public offering of its Common Stock on February 9, 2026.
F2	The Reporting Person is a manager of NEA 17 GP, LLC, which is the sole general partner of NEA Partners 17, L.P. ("NEA Partners 17"). NEA Partners 17 is the sole general partner of New Enterprise Associates 17, L.P. ("NEA 17"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise of such portion of the securities held by NEA 17 in which the Reporting Person has no pecuniary interest.

Content

All shares of the preferred stock, par value $0.00001 per share, of the Issuer automatically converted on a one-for-one basis to shares of the Issuer's common stock, par value $0.00001 per share ("Common Stock"), prior to the closing of the Issuer's initial public offering of its Common Stock on February 9, 2026.

The Reporting Person is a manager of NEA 17 GP, LLC, which is the sole general partner of NEA Partners 17, L.P. ("NEA Partners 17"). NEA Partners 17 is the sole general partner of New Enterprise Associates 17, L.P. ("NEA 17"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise of such portion of the securities held by NEA 17 in which the Reporting Person has no pecuniary interest.