ARCH Venture Partners X, LLC - 20 Jul 2021 Form 4 Insider Report for Erasca, Inc. (ERAS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
20 Jul 2021, 20:53:08 UTC
Prior SEC filing
15 Jul 2021
Next SEC filing
19 Oct 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ ARCH Venture Fund X, L.P., By: ARCH Venture Partners X, L.P., its General Partner, By: ARCH Venture Partners X, LLC, its General Partner, By: Mark McDonnell, attorney-in-fact

Key filing fact

ARCH Venture Partners X, LLC filed Form 4 for Erasca, Inc. (ERAS) on 20 Jul 2021.

Key facts

  • This page summarizes ARCH Venture Partners X, LLC's Form 4 filing for Erasca, Inc. (ERAS).
  • 8 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 20 Jul 2021, 20:53.

Change

  • Previous filing in this sequence was filed on 15 Jul 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ERAS transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+5,527,777
Change %
Price
Shares after
5,527,777
Date
20 Jul 2021
Ownership
By ARCH Venture Fund X, L.P.
Footnotes
F1, F2, F3
ERAS transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+5,527,777
Change %
Price
Shares after
5,527,777
Date
20 Jul 2021
Ownership
By ARCH Venture Fund X Overage, L.P.
Footnotes
F1, F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ERAS transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
Shares
-2,100,000
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By ARCH Venture Fund X, L.P.
Underlying class
Common Stock
Underlying amount
1,750,000
Exercise price
$0.000000
Footnotes
F1, F2, F3
ERAS transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
Shares
-2,100,000
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By ARCH Venture Fund X Overage, L.P.
Underlying class
Common Stock
Underlying amount
1,750,000
Exercise price
$0.000000
Footnotes
F1, F2, F3
ERAS transaction Derivative

Series B-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-3,400,000
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By ARCH Venture Fund X, L.P.
Underlying class
Common Stock
Underlying amount
2,833,333
Exercise price
$0.000000
Footnotes
F1, F2, F3
ERAS transaction Derivative

Series B-2 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-1,133,333
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By ARCH Venture Fund X, L.P.
Underlying class
Common Stock
Underlying amount
944,444
Exercise price
$0.000000
Footnotes
F1, F2, F3
ERAS transaction Derivative

Series B-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-3,400,000
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By ARCH Venture Fund X Overage, L.P.
Underlying class
Common Stock
Underlying amount
2,833,333
Exercise price
$0.000000
Footnotes
F1, F2, F3
ERAS transaction Derivative

Series B-2 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-1,133,333
Change %
-100%
Price
Shares after
0
Date
20 Jul 2021
Ownership
By ARCH Venture Fund X Overage, L.P.
Underlying class
Common Stock
Underlying amount
944,444
Exercise price
$0.000000
Footnotes
F1, F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

ARCH Venture Partners X, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

The shares of the Issuer's Series A and Series B Preferred Stock automatically converted into shares of the Issuer's Common Stock, for no additional consideration, at a ratio of 1.2-for-1 share, immediately prior to the consummation of the Issuer's initial public offering.

Footnote F2

ARCH Venture Partners X, L.P. (AVP X LP) is the sole general partner of ARCH Venture Fund X, L.P. (ARCH X). ARCH Venture Partners X Overage, L.P. (AVP X Overage LP) is the sole general partner of ARCH Venture Fund X Overage, L.P. (ARCH X Overage). ARCH Venture Partners X, LLC (AVP X LLC) is the sole general partner of each of AVP X LP and AVP X Overage LP. Keith Crandell, Kristina Burow, Steven Gillis, and Robert Nelsen comprise the investment committee of AVP X LLC (the AVP X Committee Members). AVP X LP and AVP X Overage LP may be deemed to beneficially own the shares held by ARCH X and ARCH X Overage, respectively, AVP X LLC may be deemed to beneficially own the shares held by ARCH X and ARCH X Overage, and each of the AVP X Committee Members may be deemed to share the power to direct the disposition and vote of the shares held by ARCH X and ARCH X Overage.

Footnote F3

(Continued from Footnote 2) AVP X LP, AVP X Overage LP, AVP X LLC, and the AVP X Committee Members each disclaim beneficial ownership except to any pecuniary interest therein.

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