Omega Fund VI, L.P. - 07 Nov 2023 Form 4 Insider Report for Lexeo Therapeutics, Inc. (LXEO)

Role: 10%+ Owner
Signature: /s/ Otello Stampacchia, authorized signatory
Issuer symbol: LXEO
Transactions as of: 07 Nov 2023
Net transactions value: +$4,999,995
Form type: 4
Filing time: 09 Nov 2023, 20:36:25 UTC
Previous filing: 02 Nov 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LXEO	Common Stock	Conversion of derivative security		+1,415,865			1,415,865	07 Nov 2023	Direct	F1
transaction	LXEO	Common Stock	Conversion of derivative security		+287,213	+20%		1,703,078	07 Nov 2023	Direct	F2
transaction	LXEO	Common Stock	Purchase	$4,999,995	+454,545	+27%	$11.00^*	2,157,623	07 Nov 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		-14,999,999	-100%		0	07 Nov 2023	Common Stock	1,415,865		Direct	F1
transaction	LXEO	Series B convertible preferred stock	Conversion of derivative security		-2,615,533	-100%		0	07 Nov 2023	Common Stock	287,213		Direct	F2

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

Omega Fund VI, L.P. 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.

Content

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.

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.