5AM Partners VI, LLC - Jan 11, 2022 Form 4 Insider Report for CinCor Pharma, Inc. (CINC)

Role
10%+ Owner
Signature
5AM Partners VI, LLC, By /s/ Kush Parmar, Managing Member
Stock symbol
CINC
Transactions as of
Jan 11, 2022
Transactions value $
$7,520,000
Form type
4
Date filed
1/13/2022, 03:45 PM
Previous filing
Jan 6, 2022
Next filing
Aug 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CINC Common Stock Conversion of derivative security +3.68M 3.68M Jan 11, 2022 By 5AM Ventures VI, L.P. F1, F2
transaction CINC Common Stock Conversion of derivative security +184K 184K Jan 11, 2022 By 5AM Opportunities I, L.P. F1, F3
transaction CINC Common Stock Purchase $2.52M +158K +4.28% $16.00 3.84M Jan 11, 2022 By 5AM Ventures VI, L.P. F2
transaction CINC Common Stock Purchase $5M +313K +170% $16.00 496K Jan 11, 2022 By 5AM Opportunities I, L.P. F3

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 CINC Series A Preferred Stock Conversion of derivative security $0 -10M -100% $0.00* 0 Jan 11, 2022 Common Stock 2.94M By 5AM Ventures VI, L.P. F1, F2
transaction CINC Series B Preferred Stock Conversion of derivative security $0 -2.53M -100% $0.00* 0 Jan 11, 2022 Common Stock 743K By 5AM Ventures VI, L.P. F1, F2
transaction CINC Series B Preferred Stock Conversion of derivative security $0 -625K -100% $0.00* 0 Jan 11, 2022 Common Stock 184K By 5AM Opportunities I, L.P. F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Preferred Stock and Series B Preferred Stock automatically converted into shares of Common Stock immediately prior to the closing of the Issuer's initial public offering (the "IPO") for no additional consideration, on a 3.4:1 basis, and had no expiration date.
F2 The shares are directly held by 5AM Ventures VI, L.P. ("Ventures VI"). 5AM Partners VI, LLC ("Partners VI") is the sole general partner of Ventures VI. Dr. Kush Parmar and Andrew J. Schwab are the managing members of Partners VI and may be deemed to have shared voting and investment power over the shares beneficially owned by Ventures VI. Each of Partners VI, Dr. Parmar, and Mr. Schwab disclaims beneficial ownership of such shares except to the extent of its or his pecuniary interest therein.
F3 Shares are held by 5AM Opportunities I, L.P. ("Opportunities"). 5AM Opportunities I (GP), LLC ("Opportunities GP") is the sole general partner of Opportunities. Andrew J. Schwab and Dr. Kush Parmar are the managing members of Opportunities GP and may be deemed to have shared voting and investment power over the shares beneficially owned by Opportunities. Each of Opportunities GP, Mr. Schwab and Dr. Parmar disclaims beneficial ownership of such shares except to the extent of its or his pecuniary interest therein.