Braden Michael Leonard - Dec 22, 2022 Form 4 Insider Report for IMARA Inc. (ELVN)

Role: 10%+ Owner
Signature: Braden Michael Leonard
Stock symbol: ELVN
Transactions as of: Dec 22, 2022
Transactions value $: -$203,000
Form type: 4
Date filed: 12/27/2022, 08:34 AM
Previous filing: Dec 21, 2022
Next filing: Dec 29, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELVN	Common Stock	Sale	-$4.38K	-1.08K	-0.34%	$4.06	319K	Dec 22, 2022	Direct
transaction	ELVN	Common Stock	Sale	-$199K	-48.9K	-15.34%	$4.06	270K	Dec 23, 2022	Direct	F2
holding	ELVN	Common Stock						3.02M	Dec 22, 2022	Holding of BML Investment Partners, L.P.	F1

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

Explanation of Responses:

Id	Content
F1	BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.
F2	The shares were sold in multiple transactions at $4.06. Full information regarding the number of shares sold can be furnished to the SEC staff upon request.

Content

BML Capital Management, LLC ("BML Capital") serves as the general partner of BML Investment Partners, L.P., a Delaware limited partnership (the "Fund"), which is the direct owner of the subject shares. Mr. Leonard is the managing member of BML Capital, and exercises investment and voting control over the subject shares. Accordingly, shares owned directly by the Fund may be regarded as being beneficially owned by Mr. Leonard. Notwithstanding, Mr. Leonard disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

The shares were sold in multiple transactions at $4.06. Full information regarding the number of shares sold can be furnished to the SEC staff upon request.