New Enterprise Associates 17, L.P. - 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, 16:30:17 UTC
Previous filing: 05 Feb 2026
Next filing: 12 Mar 2026
SEC: View on sec.gov

Reporting Owners (3)

Name	Relationship	Address	Signature	Signature date	CIK
New Enterprise Associates 17, L.P.	10%+ Owner	1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM	/s/ Zachary Bambach, attorney-in-fact	11 Feb 2026	0001768564
NEA Partners 17, L.P.	10%+ Owner	1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM	/s/ Zachary Bambach, attorney-in-fact	11 Feb 2026	0001796820
NEA 17 GP, LLC	10%+ Owner	1954 GREENSPRING DRIVE, SUITE 600, TIMONIUM	/s/ Zachary Bambach, attorney-in-fact	11 Feb 2026	0001796821

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	Direct	F1, F2
transaction	SGP	Common Stock	Conversion of derivative security		+1,370,168	+85%		2,989,408	09 Feb 2026	Direct	F1, F2
transaction	SGP	Common Stock	Conversion of derivative security		+1,370,168	+46%		4,359,576	09 Feb 2026	Direct	F1, F2
transaction	SGP	Common Stock	Conversion of derivative security		+737,962	+17%		5,097,538	09 Feb 2026	Direct	F1, F2
transaction	SGP	Common Stock	Purchase	$15,000,000	+937,500	+18%	$16.00	6,035,038	09 Feb 2026	Direct	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	Direct	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	Direct	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	Direct	F1, F2
transaction	SGP	Series D Preferred Stock	Conversion of derivative security	-737,962	-100%	09 Feb 2026	Common Stock	737,962	Direct	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 securities are directly held by New Enterprise Associates 17, L.P. ("NEA 17") and are indirectly held by NEA Partners 17, L.P. ("NEA Partners 17"), the sole general partner of NEA 17, NEA 17 GP, LLC ("NEA 17 GP"), the sole general partner of NEA Partners 17, and the individual managers of NEA 17 GP (NEA Partners 17, NEA 17 GP and the individual managers of NEA 17 GP (collectively, the "Managers") together, the "Indirect Reporting Persons"). The Mangers are Forest Baskett, Ali Behbahani, Carmen Chang, Anthony Florence, Jr., Mohamad Makhzoumi, Edward Mathers, Scott Sandell, Paul Walker and Rick Yang. The Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 17 in which the Indirect Reporting Persons have 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 securities are directly held by New Enterprise Associates 17, L.P. ("NEA 17") and are indirectly held by NEA Partners 17, L.P. ("NEA Partners 17"), the sole general partner of NEA 17, NEA 17 GP, LLC ("NEA 17 GP"), the sole general partner of NEA Partners 17, and the individual managers of NEA 17 GP (NEA Partners 17, NEA 17 GP and the individual managers of NEA 17 GP (collectively, the "Managers") together, the "Indirect Reporting Persons"). The Mangers are Forest Baskett, Ali Behbahani, Carmen Chang, Anthony Florence, Jr., Mohamad Makhzoumi, Edward Mathers, Scott Sandell, Paul Walker and Rick Yang. The Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 17 in which the Indirect Reporting Persons have no pecuniary interest.