Vivo Opportunity, LLC - Dec 23, 2022 Form 4 Insider Report for Terns Pharmaceuticals, Inc. (TERN)

Role: 10%+ Owner
Signature: /s/ Gaurav Aggarwal, as a managing member of Vivo Opportunity, LLC
Stock symbol: TERN
Transactions as of: Dec 23, 2022
Transactions value $: $5,499,995
Form type: 4
Date filed: 12/23/2022, 04:48 PM
Previous filing: Sep 8, 2022
Next filing: May 15, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TERN	Common Stock	Purchase	$5.5M	+759K	+21.18%	$7.25	4.34M	Dec 23, 2022	By Vivo Opportunity Fund Holdings, L.P.	F1
holding	TERN	Common Stock						2.04M	Dec 23, 2022	By: Vivo Capital Fund VIII, L.P.
holding	TERN	Common Stock						281K	Dec 23, 2022	By: Vivo Capital Surplus Fund VIII, L.P.

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

Explanation of Responses:

Id	Content
F1	Vivo Opportunity, LLC is the general partner of Vivo Opportunity Fund Holdings, L.P., the record holder of the securities. Gaurav Aggarwal, Hongbo Lu, Kevin Dai, Frank Kung and Michael Chang are managing members of Vivo Opportunity, LLC and may be deemed to share voting and dispositive power over the securities held by Vivo Opportunity Fund Holdings, L.P. Each of these individuals disclaims beneficial ownership over such securities except to the extent of his or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.

Content

Vivo Opportunity, LLC is the general partner of Vivo Opportunity Fund Holdings, L.P., the record holder of the securities. Gaurav Aggarwal, Hongbo Lu, Kevin Dai, Frank Kung and Michael Chang are managing members of Vivo Opportunity, LLC and may be deemed to share voting and dispositive power over the securities held by Vivo Opportunity Fund Holdings, L.P. Each of these individuals disclaims beneficial ownership over such securities except to the extent of his or her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.