Key facts
- This page summarizes Redmile Group, LLC's Form 4 filing for MedAvail Holdings, Inc..
- 2 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 21 Jun 2023, 21:45.
Redmile Group, LLC - 16 Jun 2023 Form 4 Insider Report for MedAvail Holdings, Inc.
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 16 Jun 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 21 Jun 2023, 21:45:30 UTC
- Prior SEC filing
- 16 Jun 2023
- Next SEC filing
- 28 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- By: /s/ Jeremy Green, Managing Member of Redmile Group, LLC
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Redmile Group, LLC filed Form 4 for MedAvail Holdings, Inc. on 21 Jun 2023.
Change
- Previous filing in this sequence was filed on 16 Jun 2023.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MDVL
transaction
Derivative
Series A Warrants to Purchase Common Stock
Award
- Transaction value
- Shares
- +38,916,562
- Change %
- Price
- Shares after
- 38,916,562
- Date
- 16 Jun 2023
- Ownership
- See Footnote
- Underlying class
- Common Stock
- Underlying amount
- 38,916,562
- Exercise price
- $0.3854
- Footnotes
- F1, F2, F3
MDVL
transaction
Derivative
Series A Warrants to Purchase Common Stock
Award
- Transaction value
- Shares
- +38,916,562
- Change %
- Price
- Shares after
- 38,916,562
- Date
- 16 Jun 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 38,916,562
- Exercise price
- $0.3854
- Footnotes
- F1, 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
On June 16, 2023, the Issuer issued Series A Warrants to purchase up to an aggregate of 38,916,562 shares of the Issuer's common stock (the "Series A Warrant Shares") to RedCo II Master Fund, L.P. ("RedCo II"), a private investment vehicle managed by Redmile Group, LLC ("Redmile"). RedCo II acquired the right to receive the Series A Warrants pursuant to a securities purchase agreement, dated as of March 9, 2023 (the "Purchase Agreement"), in connection with a private placement of securities by the Issuer to certain investors on March 13, 2023 (the "Private Placement"). The issuance of the Series A Warrants under the Purchase Agreement was subject to stockholder approval under the applicable rules of The Nasdaq Stock Market LLC, which was obtained at the annual meeting of the Issuer's stockholders held on June 14, 2023.
Footnote F2
The Warrants are exercisable by a holder at any time on or after June 16, 2023 for a five-year term that expires on June 16, 2028 at an exercise price of $0.38544 per share.
Footnote F3
These securities are directly owned by RedCo II and may be deemed beneficially owned by Redmile as investment manager of RedCo II. The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile (collectively with Redmile, the "Reporting Persons"). Each of Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. This report shall not be deemed an admission that such Reporting Persons are a beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Footnote F4
RedCo II acquired the Warrants directly in the Private Placement pursuant to the terms of the Purchase Agreement.
SEC remarks
Rob Faulkner, a member of the board of directors of the Issuer and a managing director of Redmile, was elected to the board of the Issuer as a representative of Redmile and its affiliates. As a result, the Reporting Persons are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.