Braden M. Leonard - Jan 3, 2023 Form 4 Insider Report for IMARA Inc. (ELVN)

Role: 10%+ Owner
Signature: Braden Michael Leonard
Stock symbol: ELVN
Transactions as of: Jan 3, 2023
Transactions value $: -$5,000,000
Form type: 4
Date filed: 1/4/2023, 06:49 PM
Previous filing: Dec 30, 2022
Next filing: Feb 8, 2024

This filing has been restated, see here for the amended filing

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ELVN	Common Stock	Sale	-$5M	-1.25M	-41.42%	$4.00	1.77M	Jan 4, 2023	Holding of BML Investment Partners, L.P.	F1
holding	ELVN	Common Stock						230K	Jan 3, 2023	Direct

* 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.

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.