Innoviva, Inc. - Jun 11, 2021 Form 4 Insider Report for Entasis Therapeutics Holdings Inc. (ETTX)

Role
10%+ Owner
Signature
INNOVIVA, INC. By: /s/ Pavel Raifeld, Chief Executive Officer
Stock symbol
ETTX
Transactions as of
Jun 11, 2021
Transactions value $
$25,075,900
Form type
4
Date filed
6/11/2021, 05:39 PM
Previous filing
May 20, 2021
Next filing
Nov 1, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ETTX Common Stock Purchase $12.5M +6.27M +168.02% $2.00 10M Jun 11, 2021 See Footnote F1
holding ETTX Common Stock 18.7M Jun 11, 2021 Direct F2

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 ETTX Warrants to Purchase Common Stock Purchase $12.5M +6.27M +168.02% $2.00 10M Jun 11, 2021 Common Stock 6.27M $2.00 See footnote F1
holding ETTX Warrants to Purchase Common Stock 18.7M Jun 11, 2021 Common Stock 18.7M Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As reflected in the Amendment No. 5 to Schedule 13D filed by Innoviva, Inc. ("INVA") and Innoviva Strategic Opportunities LLC, a wholly owned subsidiary of INVA ("ISO" and together with INVA, the "Reporting Persons") with the U.S. Securities and Exchange Commission on June 11, 2021 (the "Schedule 13D/A"), in connection the closing that occurred on June 11, 2021 pursuant to a securities purchase agreement, dated as of May 3, 2021 (the "Purchase Agreement" and, such closing, the "Closing"), by and between Entasis Therapeutics Holdings Inc. (the "Issuer") and ISO, ISO acquired 6,268,975 shares of common stock of the Issuer ("Shares") and warrants to purchase an additional 6,268,975 Shares ("Warrants" and together with the Shares, the "Security") for an aggregate price of $2.00 per Security as set forth in this Form 4. ISO previously acquired 3,731,025 shares of common stock of the issuer and warrants to purchase an aggregate 3,731,025 shares of common stock of the Issuer on May 3, 2021.
F2 (2) INVA acquired an aggregate of 18,672,897 shares of common stock of the issuer and warrants to purchase an aggregate 18,672,897 shares of common stock of the Issuer in transactions on April 22, 2020, June 11, 2020 and September 1, 2020.