Lundbeckfond Invest A/S - Nov 7, 2023 Form 4 Insider Report for Lexeo Therapeutics, Inc. (LXEO)

Role
10%+ Owner
Signature
/s/ Christian E. Elling, Managing Partner and /s/ Lene Skole, Chief Executive Officer
Stock symbol
LXEO
Transactions as of
Nov 7, 2023
Transactions value $
$2,499,992
Form type
4
Date filed
11/9/2023, 08:33 PM
Previous filing
Nov 2, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LXEO Common Stock Conversion of derivative security +1.32M 1.32M Nov 7, 2023 Direct F1
transaction LXEO Common Stock Conversion of derivative security +287K +21.73% 1.61M Nov 7, 2023 Direct F2
transaction LXEO Common Stock Purchase $2.5M +227K +14.13% $11.00* 1.84M Nov 7, 2023 Direct

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 LXEO Series A convertible preferred stock Conversion of derivative security -14M -100% 0 Nov 7, 2023 Common Stock 1.32M Direct F1
transaction LXEO Series B convertible preferred stock Conversion of derivative security -2.62M -100% 0 Nov 7, 2023 Common Stock 287K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Lundbeckfond Invest A/S is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Upon the closing of the Issuer's initial public offering, each share of Series A convertible preferred stock automatically converted into shares of the Issuer's common stock on a one-for-10.594230 basis. The shares had no expiration date.
F2 Upon the closing of the Issuer's initial public offering, each share of Series B convertible preferred stock automatically converted into shares of the Issuer's common stock on a one-for-9.106601 basis, which reflects an anti-dilution adjustment to the conversion ratio pursuant to a provision of the Series B convertible preferred stock based on the pricing of the initial public offering (as described in the Reporting Person's Form 3). The shares had no expiration date.