PERCEPTIVE ADVISORS LLC - 26 Sep 2023 Form 4 Insider Report for SOLENO THERAPEUTICS INC (SLNO)

Reporting relationship: 10%+ Owner
Issuer ticker: SLNO
Reported as of: 26 Sep 2023
Net transaction value: +$20,111,416
SEC form: 4
Accepted by SEC: 28 Sep 2023, 15:45:22 UTC
Prior SEC filing: 23 Jun 2023
Next SEC filing: 18 Oct 2023
Source filing: View source filing
Reporting owner signature: /s/ Joseph Edelman - for Perceptive Advisors LLC, By: Joseph Edelman, its managing member

Key filing fact

PERCEPTIVE ADVISORS LLC filed Form 4 for SOLENO THERAPEUTICS INC (SLNO) on 28 Sep 2023.

Key facts

This page summarizes PERCEPTIVE ADVISORS LLC's Form 4 filing for SOLENO THERAPEUTICS INC (SLNO).
16 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 28 Sep 2023, 15:45.

Change

Previous filing in this sequence was filed on 23 Jun 2023.
Current net transaction value: +$20,111,416.

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.

SLNO transaction

Common Stock

Purchase

Transaction value: $43,628
Shares: +5,703
Change %: +0.26%
Price: $7.65
Shares after: 2,213,456
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F3

SLNO transaction

Common Stock

Purchase

Transaction value: $113,602
Shares: +13,687
Change %: +0.62%
Price: $8.30
Shares after: 2,227,143
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F4

SLNO transaction

Common Stock

Purchase

Transaction value: $51,589
Shares: +5,419
Change %: +0.24%
Price: $9.52
Shares after: 2,232,562
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F5

SLNO transaction

Common Stock

Purchase

Transaction value: $418,917
Shares: +37,911
Change %: +1.7%
Price: $11.05
Shares after: 2,270,473
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F6

SLNO transaction

Common Stock

Purchase

Transaction value: $919,255
Shares: +77,837
Change %: +3.4%
Price: $11.81
Shares after: 2,348,310
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F7

SLNO transaction

Common Stock

Purchase

Transaction value: $550,040
Shares: +42,838
Change %: +1.8%
Price: $12.84
Shares after: 2,391,148
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F8

SLNO transaction

Common Stock

Purchase

Transaction value: $424,713
Shares: +30,511
Change %: +1.3%
Price: $13.92
Shares after: 2,421,659
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F9

SLNO transaction

Common Stock

Purchase

Transaction value: $48,593
Shares: +3,326
Change %: +0.14%
Price: $14.61
Shares after: 2,424,985
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F10

SLNO transaction

Common Stock

Purchase

Transaction value: $444,304
Shares: +27,769
Change %: +1.1%
Price: $16.00
Shares after: 2,452,754
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F11

SLNO transaction

Common Stock

Purchase

Transaction value: $1,304,243
Shares: +75,477
Change %: +3.1%
Price: $17.28
Shares after: 2,528,231
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F12

SLNO transaction

Common Stock

Purchase

Transaction value: $961,084
Shares: +52,691
Change %: +2.1%
Price: $18.24
Shares after: 2,580,922
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F13

SLNO transaction

Common Stock

Purchase

Transaction value: $1,694,770
Shares: +88,685
Change %: +3.4%
Price: $19.11
Shares after: 2,669,607
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F14

SLNO transaction

Common Stock

Purchase

Transaction value: $2,363,460
Shares: +117,996
Change %: +4.4%
Price: $20.03
Shares after: 2,787,603
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F15

SLNO transaction

Common Stock

Purchase

Transaction value: $775,719
Shares: +36,939
Change %: +1.3%
Price: $21.00
Shares after: 2,824,542
Date: 26 Sep 2023
Ownership: See Footnote
Footnotes: F1, F2, F16

SLNO transaction

Common Stock

Purchase

Transaction value: $5,000,000
Shares: +250,000
Change %: +8.9%
Price: $20.00
Shares after: 3,074,542
Date: 28 Sep 2023
Ownership: See Footnote
Footnotes: F1, F17

Reported derivative securities

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

SLNO transaction Derivative

Pre-funded warrants (right to buy)

Purchase

Transaction value: $4,997,500
Shares: +250,000
Change %
Price: $19.99
Shares after: 250,000
Date: 28 Sep 2023
Ownership: See Footnote
Underlying class: Common Stock
Underlying amount: 250,000
Exercise price: $0.0100
Footnotes: F1, F18

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 18 footnotes

Footnote F1

The securities are directly held by Perceptive Life Sciences Master Fund Ltd. (the "Master Fund"). Perceptive Advisors LLC (the "Advisor") serves as the investment manager of Master Fund. Joseph Edelman is the managing member of the Advisor. Each of Mr. Edelman and the Advisor disclaims, for purposes of Section 16 of the Securities Exchange Act of 1934, beneficial ownership of such securities, except to the extent of his/its indirect pecuniary interest therein, and this report shall not be deemed an admission that either Mr. Edelman or the Advisor is the beneficial owner of such securities for purposes of Section 16 or for any other purposes.

Footnote F2

The price reported is a weighted average price. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges of the prices reported.

Footnote F3

These shares were purchased in multiple transactions at prices ranging from $6.95 to $7.87, inclusive.

Footnote F4

These shares were purchased in multiple transactions at prices ranging from $8.00 to $8.89, inclusive.

Footnote F5

These shares were purchased in multiple transactions at prices ranging from $9.32 to $9.73, inclusive.

Footnote F6

These shares were purchased in multiple transactions at prices ranging from $10.39 to $11.38, inclusive.

Footnote F7

These shares were purchased in multiple transactions at prices ranging from $11.39 to $12.40, inclusive.

Footnote F8

These shares were purchased in multiple transactions at prices ranging from $12.41 to $13.40, inclusive.

Footnote F9

These shares were purchased in multiple transactions at prices ranging from $13.42 to $14.41, inclusive.

Footnote F10

These shares were purchased in multiple transactions at prices ranging from $14.42 to $15.00, inclusive.

Footnote F11

These shares were purchased in multiple transactions at prices ranging from $15.66 to $16.50, inclusive.

Footnote F12

These shares were purchased in multiple transactions at prices ranging from $16.70 to $17.695, inclusive.

Footnote F13

These shares were purchased in multiple transactions at prices ranging from $17.70 to $18.69, inclusive.

Footnote F14

These shares were purchased in multiple transactions at prices ranging from $18.70 to $19.69, inclusive.

Footnote F15

These shares were purchased in multiple transactions at prices ranging from $19.70 to $20.69, inclusive.

Footnote F16

These shares were purchased in multiple transactions at prices ranging from $20.70 to $21.40, inclusive.

Footnote F17

Purchased in the Issuer's registered public offering scheduled to close on October 2, 2023.

Footnote F18

Represents pre-funded warrants purchased in the Issuer's private placement scheduled to close on October 2, 2023. The pre-funded warrants may not be exercised if the holder together with its affiliates would beneficially own more than 9.99% of the Issuer's outstanding shares of common stock after giving effect to the exercise.