Christopher Nixon Cox - Feb 6, 2024 Form 4 Insider Report for Alto Neuroscience, Inc. (ANRO)

Role
Director
Signature
/s/ Erin R. McQuade, Attorney-in-Fact
Stock symbol
ANRO
Transactions as of
Feb 6, 2024
Transactions value $
$0
Form type
4
Date filed
2/7/2024, 04:39 PM
Previous filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ANRO Common Stock Conversion of derivative security +589K 589K Feb 6, 2024 By Lightswitch Capital Fund I, L.P. F1, F2
transaction ANRO Common Stock Conversion of derivative security +127K +21.52% 716K Feb 6, 2024 By Lightswitch Capital Fund I, L.P. F2, 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 ANRO Series B Preferred Stock Conversion of derivative security $0 -1.25M -100% $0.00* 0 Feb 6, 2024 Common Stock 589K By Lightswitch Capital Fund I, L.P. F1, F2
transaction ANRO Series C Preferred Stock Conversion of derivative security $0 -282K -100% $0.00* 0 Feb 6, 2024 Common Stock 127K By Lightswitch Capital Fund I, L.P. F2, 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 B Preferred Stock was convertible at any time, at the holder's election, and automatically converted into shares of Common Stock immediately prior to the closing of the Issuer's initial public offering on a 2.1226069 for 1 basis and had no expiration date.
F2 The shares are directly held by Lightswitch Capital Fund I, L.P. ("Lightswitch Capital"), of which Lightswitch Capital GP, LLC ("Lightswitch GP") is the sole general partner and exercises voting and investment power over these shares. The Reporting Person is the Chief Executive Officer of Lightswitch GP and disclaims beneficial ownership of these securities, except to the extent of his proportionate pecuniary interest therein.
F3 Each share of Series C Preferred Stock was convertible at any time, at the holder's election, and automatically converted into shares of Common Stock immediately prior to the closing of the Issuer's initial public offering on a 2.2241 for 1 basis and has no expiration date.