BSOF Parallel Master Fund L.P. - 06 Oct 2021 Form 4 Insider Report for Praxis Precision Medicines, Inc. (PRAX)

Reporting relationship: 10%+ Owner
Issuer ticker: PRAX
Reported as of: 06 Oct 2021
Net transaction value: -$7,000,000
SEC form: 4
Accepted by SEC: 08 Oct 2021, 16:33:08 UTC
Prior SEC filing: 05 Oct 2021
Source filing: View source filing
Reporting owner signature: BSOF PARALLEL MASTER FUND L.P., By: Blackstone Strategic Opportunity Associates L.L.C., its general partner, By: /s/ Peter Koffler, Name: Peter Koffler, Title: Authorized Signatory

Key filing fact

BSOF Parallel Master Fund L.P. filed Form 4 for Praxis Precision Medicines, Inc. (PRAX) on 08 Oct 2021.

Key facts

This page summarizes BSOF Parallel Master Fund L.P.'s Form 4 filing for Praxis Precision Medicines, Inc. (PRAX).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 08 Oct 2021, 16:33.

Change

Previous filing in this sequence was filed on 05 Oct 2021.
Current net transaction value: -$7,000,000.

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

Reporting Owners (9)

CIK 0001736665 Primary reporting owner

BSOF Parallel Master Fund L.P.

Relationship: 10%+ Owner
Address: C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK
Signature: BSOF PARALLEL MASTER FUND L.P., By: Blackstone Strategic Opportunity Associates L.L.C., its general partner, By: /s/ Peter Koffler, Name: Peter Koffler, Title: Authorized Signatory
Signature date: 08 Oct 2021

CIK 0001728529

Blackstone Strategic Opportunity Associates L.L.C.

Relationship: 10%+ Owner
Address: C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK
Signature: BLACKSTONE STRATEGIC OPPORTUNITY ASSOCIATES L.L.C., By: /s/ Peter Koffler, Name: Peter Koffler, Title: Authorized Signatory
Signature date: 08 Oct 2021

CIK 0001728531

Blackstone Alternative Solutions L.L.C.

Relationship: 10%+ Owner
Address: C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK
Signature: BLACKSTONE ALTERNATIVE SOLUTIONS L.L.C., By: /s/ Peter Koffler, Name: Peter Koffler, Title: Authorized Signatory
Signature date: 08 Oct 2021

CIK 0001464694

Blackstone Holdings I L.P.

Relationship: 10%+ Owner
Address: C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK
Signature: BLACKSTONE HOLDINGS I L.P., By: Blackstone Holdings I/II GP L.L.C., its general partner, By: /s/ Tabea Hsi, Name: Tabea Hsi, Title: Senior Managing Director
Signature date: 08 Oct 2021

CIK 0001484870

Blackstone Holdings II L.P.

Relationship: 10%+ Owner
Address: C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK
Signature: BLACKSTONE HOLDINGS II L.P., By: Blackstone Holdings I/II GP L.L.C., its general partner, By: /s/ Tabea Hsi, Name: Tabea Hsi, Title: Senior Managing Director
Signature date: 08 Oct 2021

CIK 0001464695

Blackstone Holdings I/II GP L.L.C.

Relationship: 10%+ Owner
Address: C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK
Signature: BLACKSTONE HOLDINGS I/II GP L.L.C., By: /s/ Tabea Hsi, Name: Tabea Hsi, Title: Senior Managing Director
Signature date: 08 Oct 2021

CIK 0001393818

Blackstone Inc

Relationship: 10%+ Owner
Address: 345 PARK AVENUE, NEW YORK
Signature: BLACKSTONE INC., By: /s/ Tabea Hsi, Name: Tabea Hsi, Title: Senior Managing Director
Signature date: 08 Oct 2021

CIK 0001404071

Blackstone Group Management L.L.C.

Relationship: 10%+ Owner
Address: C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK
Signature: BLACKSTONE GROUP MANAGEMENT L.L.C., By: /s/ Tabea Hsi, Name: Tabea Hsi, Title: Senior Managing Director
Signature date: 08 Oct 2021

CIK 0001070844

SCHWARZMAN STEPHEN A

Relationship: 10%+ Owner
Address: C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK
Signature: /s/ Stephen A. Schwarzman
Signature date: 08 Oct 2021

Reported non-derivative transactions

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

PRAX transaction

Common Stock

Sale

Transaction value: $7,000,000
Shares: -400,000
Change %: -100%
Price: $17.50
Shares after: 0
Date: 06 Oct 2021
Ownership: See Footnotes
Footnotes: F1, F2, F4, F5, F6

PRAX holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 4,894,109
Date: 06 Oct 2021
Ownership: See Footnotes
Footnotes: F3, F4, F5, F6

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $17.50 to $18.48, inclusive. 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 sold at each separate price in the range set forth in this footnote.

Footnote F2

Reflects securities held directly by BSOF Parallel Master Fund L.P. Blackstone Strategic Opportunity Associates L.L.C. is the general partner of BSOF Parallel Master Fund L.P. Blackstone Holdings II L.P. is the sole member of Blackstone Strategic Opportunity Associates L.L.C. Blackstone Alternative Solutions L.L.C. is the investment manager of BSOF Parallel Master Fund L.P. Blackstone Holdings I L.P. is the sole member of Blackstone Alternative Solutions L.L.C.

Footnote F3

Reflects securities held directly by Clarus Lifesciences III, L.P. Clarus Ventures III GP, L.P. is the general partner of Clarus Lifesciences III, L.P. Blackstone Clarus III L.L.C. is the general partner of Clarus Ventures III GP, L.P. The sole member of Blackstone Clarus III L.L.C. is Blackstone Holdings II L.P.

Footnote F4

The general partner of each of Blackstone Holdings I L.P. and Blackstone Holdings II L.P. is Blackstone Holdings I/II GP L.L.C. The sole member of Blackstone Holdings I/II GP L.L.C. is Blackstone Inc. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly-owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman.

Footnote F5

Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.

Footnote F6

Each of the Reporting Persons (other than to the extent it directly holds securities reported herein) disclaims beneficial ownership of the securities held by the other Reporting Persons, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons (other than to the extent it directly holds securities reported herein) states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.