Emster Kurt von - 17 May 2021 Form 4 Insider Report for Vera Therapeutics, Inc. (VERA)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
18 May 2021, 20:10:03 UTC
Prior SEC filing
17 May 2021
Next SEC filing
03 Jun 2021
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Joseph R. Young, Attorney-in-Fact

Key filing fact

Emster Kurt von filed Form 4 for Vera Therapeutics, Inc. (VERA) on 18 May 2021.

Key facts

  • This page summarizes Emster Kurt von's Form 4 filing for Vera Therapeutics, Inc. (VERA).
  • 4 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 18 May 2021, 20:10.

Change

  • Previous filing in this sequence was filed on 17 May 2021.
  • Current net transaction value: +$8,714,653.

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.

VERA transaction

Class A Common Stock

Purchase

Transaction value
$214,656
Shares
+17,828
Change %
Price
$12.04
Shares after
17,828
Date
17 May 2021
Ownership
Direct
Footnotes
F1
VERA transaction

Class A Common Stock

Conversion of derivative security

Transaction value
Shares
+2,187,504
Change %
Price
Shares after
2,187,504
Date
18 May 2021
Ownership
See footnote
Footnotes
F2, F3, F4
VERA transaction

Class A Common Stock

Purchase

Transaction value
$8,499,997
Shares
+772,727
Change %
+35%
Price
$11.00
Shares after
2,960,231
Date
18 May 2021
Ownership
See footnote
Footnotes
F3, F4

Reported derivative securities

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

VERA transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-2,187,504
Change %
-100%
Price
$0.000000*
Shares after
0
Date
18 May 2021
Ownership
See footnote
Underlying class
Class A Common Stock
Underlying amount
2,187,504
Exercise price
Footnotes
F2, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

The price reported is a weighted-average price. The shares were purchased at prices ranging from $11.60 to $12.25. The reporting person will provide upon request to the SEC, the issuer or security holder of the issuer, full information regarding the number of shares purchased at each separate price.

Footnote F2

The Series C Preferred Stock automatically converted into Class A Common Stock on a 11.5869:1 basis (on an adjusted basis, after giving effect to the reverse stock split of the Class A Common Stock effected by the Issuer on May 7, 2021) and had no expiration date.

Footnote F3

The shares are held by Abingworth Bioventures 8, LP ("ABV 8"). Abingworth Bioventures 8 GP LP ("Abingworth GP") serves as the general partner of ABV 8. Abingworth General Partner 8 LLP serves as the general partner of Abingworth GP. ABV 8 (acting by its general partner Abingworth GP, acting by its general partner Abingworth General Partner 8 LLP) has delegated to Abingworth LLP, all investment and dispositive power over the securities held by ABV 8. The Reporting Person is a member of the investment committee of Abingworth LLP, which approves investment and voting decisions by a super majority vote, and no individual member has the sole control or voting power over the shares held by ABV 8.

Footnote F4

From time to time, the investment committee may delegate investment and voting authority over certain securities held by the Abingworth Funds to employees of Abingworth subject to the supervision and oversight of the investment committee, including any limits on such authority imposed by the investment committee in its discretion and the right of the investment committee to revoke such authority at any time. The Reporting Person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the reporting person, ABV 8 or any other person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

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