Avalon Ventures XI, L.P. - 16 Oct 2024 Form 4 Insider Report for Janux Therapeutics, Inc. (JANX)

Role
10%+ Owner
Signature
Avalon Ventures XI, L.P., By: Avalon Ventures XI GP, LLC, its general partner, By /s/ Jay B. Lichter, Authorized Signatory
Issuer symbol
JANX
Transactions as of
16 Oct 2024
Net transactions value
-$77,250,361
Form type
4
Filing time
18 Oct 2024, 18:51:26 UTC
Previous filing
30 Sep 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction JANX Common Stock Sale $2,990,295 -60,179 -2.1% $49.69 2,761,291 16 Oct 2024 Direct F1, F2
transaction JANX Common Stock Sale $579,236 -11,657 -2.1% $49.69 534,883 16 Oct 2024 By Avalon BioVentures I, LP F1, F3
transaction JANX Common Stock Sale $3,053,202 -61,445 -2.1% $49.69 2,819,366 16 Oct 2024 By Avalon BioVentures SPV I, L.P. F1, F4
transaction JANX Common Stock Sale $1,491,679 -29,474 -1.1% $50.61 2,731,817 16 Oct 2024 Direct F2, F5
transaction JANX Common Stock Sale $288,983 -5,710 -1.1% $50.61 529,173 16 Oct 2024 By Avalon BioVentures I, LP F3, F5
transaction JANX Common Stock Sale $1,523,057 -30,094 -1.1% $50.61 2,789,272 16 Oct 2024 By Avalon BioVentures SPV I, LP F4, F5
transaction JANX Common Stock Options Exercise $84,456 +4,968 +72% $17.00 11,855 16 Oct 2024 Direct F6
transaction JANX Common Stock Options Exercise $22,211 +2,070 +17% $10.73 13,925 16 Oct 2024 Direct F6
transaction JANX Common Stock Options Exercise $27,365 +2,070 +15% $13.22 15,995 16 Oct 2024 Direct F6
transaction JANX Common Stock Options Exercise $55,999 +1,407 +8.8% $39.80 17,402 16 Oct 2024 Direct F6
transaction JANX Common Stock Sale $556,616 -10,957 -63% $50.80 6,445 16 Oct 2024 Direct F6, F7
transaction JANX Common Stock Options Exercise $14,212 +836 +13% $17.00 7,281 17 Oct 2024 Direct F6
transaction JANX Common Stock Options Exercise $3,734 +348 +4.8% $10.73 7,629 17 Oct 2024 Direct F6
transaction JANX Common Stock Options Exercise $4,601 +348 +4.6% $13.22 7,977 17 Oct 2024 Direct F6
transaction JANX Common Stock Options Exercise $9,433 +237 +3% $39.80 8,214 17 Oct 2024 Direct F6
transaction JANX Common Stock Sale $92,187 -1,843 -22% $50.02 6,371 17 Oct 2024 Direct F6, F8
transaction JANX Common Stock Sale $5,167,420 -102,732 -3.8% $50.30 2,629,085 18 Oct 2024 Direct F2, F9
transaction JANX Common Stock Sale $1,000,970 -19,900 -3.8% $50.30 509,273 18 Oct 2024 By Avalon BioVentures I, LP F3, F9
transaction JANX Common Stock Sale $5,276,068 -104,892 -3.8% $50.30 2,684,380 18 Oct 2024 By Avalon BioVentures SPV I, L.P. F4, F9
transaction JANX Common Stock Sale $791,345 -15,462 -0.59% $51.18 2,613,623 18 Oct 2024 Direct F2, F10
transaction JANX Common Stock Sale $153,284 -2,995 -0.59% $51.18 506,278 18 Oct 2024 By Avalon BioVentures I, LP F3, F10
transaction JANX Common Stock Sale $808,030 -15,788 -0.59% $51.18 2,668,592 18 Oct 2024 By Avalon BioVentures SPV I, L.P. F4, F10
transaction JANX Common Stock Sale $24,246,624 -541,824 -21% $44.75 2,071,799 18 Oct 2024 Direct F2, F11
transaction JANX Common Stock Sale $4,696,826 -104,957 -21% $44.75 401,321 18 Oct 2024 By Avalon BioVentures I, LP F3, F11
transaction JANX Common Stock Sale $24,756,550 -553,219 -21% $44.75 2,115,373 18 Oct 2024 By Avalon BioVentures SPV I, L.P. F4, F11

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 JANX Stock Option (right to buy) Options Exercise $0 -4,968 -18% $0.000000 22,776 16 Oct 2024 Common Stock 4,968 $17.00 Direct F6, F12
transaction JANX Stock Option (right to buy) Options Exercise $0 -2,070 -18% $0.000000 9,490 16 Oct 2024 Common Stock 2,070 $10.73 Direct F6, F12
transaction JANX Stock Option (right to buy) Options Exercise $0 -2,070 -18% $0.000000 9,490 16 Oct 2024 Common Stock 2,070 $13.22 Direct F6, F12
transaction JANX Stock Option (right to buy) Options Exercise $0 -1,407 -18% $0.000000 6,309 16 Oct 2024 Common Stock 1,407 $39.80 Direct F6, F12
transaction JANX Stock Option (right to buy) Options Exercise $0 -836 -3.7% $0.000000 21,940 17 Oct 2024 Common Stock 836 $17.00 Direct F6, F12
transaction JANX Stock Option (right to buy) Options Exercise $0 -348 -3.7% $0.000000 9,142 17 Oct 2024 Common Stock 348 $10.73 Direct F6, F12
transaction JANX Stock Option (right to buy) Options Exercise $0 -348 -3.7% $0.000000 9,142 17 Oct 2024 Common Stock 348 $13.22 Direct F6, F12
transaction JANX Stock Option (right to buy) Options Exercise $0 -237 -3.8% $0.000000 6,072 17 Oct 2024 Common Stock 237 $39.80 Direct F6, F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Avalon Ventures XI, 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 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $49.50 to $50.45 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F2 The securities are directly held by Avalon Ventures XI, L.P. ("Avalon Ventures"). Avalon Ventures XI GP, LLC ("Avalon XI GP") is the general partner of Avalon Ventures and may be deemed to beneficially own the securities held by Avalon Ventures. Mr. Lichter is a managing member of Avalon XI GP and shares voting and investment power with respect to the securities held by Avalon Ventures. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of his or its respective 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 purpose.
F3 The securities are directly held by Avalon BioVentures I, LP ("ABV I"). Avalon BioVentures GP LLC ("ABV GP") is the general partner of ABV I and may be deemed to beneficially own the securities held by ABV I. Mr. Lichter is a managing member of ABV GP and shares voting and investment power with respect to the securities held by ABV I. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of his or its respective 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 purpose.
F4 The securities are directly held by Avalon BioVentures SPV I, LP ("ABV SPV"). ABV SPV I GP LLC ("ABV SPV GP") is the general partner of ABV SPV and may be deemed to beneficially own the securities held by ABV SPV. Mr. Lichter is a managing member of ABV SPV GP and shares voting and investment power with respect to the securities held by ABV SPV. Each of the Reporting Persons disclaims beneficial ownership of these securities except to the extent of his or its respective 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 purpose.
F5 The price reported in Column 4 is a weighted average price. These securities were sold in multiple transactions at prices ranging from $50.46 to $51.25 inclusive. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of securities sold at each separate price within the range set forth in this footnote.
F6 The securities are directly held by Mr. Lichter.
F7 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.76 to $51.05 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F8 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $49.97 to $50.18 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F9 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.00 to $50.86 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F10 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $51.00 to $51.97 inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F11 Shares sold in a private transaction pursuant to a stock purchase agreement dated September 12, 2024. The closing of the transaction was subject to certain customary conditions to closing, including the expiration or earlier termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The closing conditions were satisfied, and the transaction closed, on October 18, 2024.
F12 Immediately exercisable.