Home Assurance Co American - Feb 1, 2024 Form 3 Insider Report for Fractyl Health, Inc. (GUTS)

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
holding	GUTS	Series E Preferred Shares							Feb 1, 2024	Common Stock	230K		Direct	F1, F2, F3
holding	GUTS	Series F Preferred Shares							Feb 1, 2024	Common Stock	53.6K		Direct	F1, F2, F3

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

Id	Content
F1	The Series E Convertible Preferred Stock and Series F Convertible Preferred Stock (together, the "Preferred Shares") are convertible into shares of the Issuer's common stock, at the option of the stockholder, at any time, and for no additional consideration, at an initial conversion ratio of 1-for-1, as adjusted for the Reverse Stock Split (defined in footnote 2). The Preferred Shares have no expiration date. The Preferred Shares will automatically convert into shares of the Issuer's common stock immediately prior to the closing of the Issuer's initial public offering of common stock.
F2	Reflects a 1-for-2.146 reverse stock split of the Issuer's common stock effected on January 26, 2024 (the "Reverse Stock Split").
F3	American Home Assurance Company is a wholly owned, indirect subsidiary of American International Group, Inc.