General Catalyst GP V, LLC - 06 Feb 2024 Form 4 Insider Report for Fractyl Health, Inc. (GUTS)

Reporting relationship: 10%+ Owner
Issuer ticker: GUTS
Reported as of: 06 Feb 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 08 Feb 2024, 16:34:45 UTC
Prior SEC filing: 01 Feb 2024
Source filing: View source filing
Reporting owner signature: General Catalyst GP V, LLC By: Lisa A. Davidson, Attorney-in-fact

Key filing fact

General Catalyst GP V, LLC filed Form 4 for Fractyl Health, Inc. (GUTS) on 08 Feb 2024.

Key facts

This page summarizes General Catalyst GP V, LLC's Form 4 filing for Fractyl Health, Inc. (GUTS).
14 reported transactions and 12 derivative rows are listed below.
Accepted by SEC: 08 Feb 2024, 16:34.

Change

Previous filing in this sequence was filed on 01 Feb 2024.
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.

GUTS transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +4,702,161
Change %: +5723%
Price
Shares after: 4,784,323
Date: 06 Feb 2024
Ownership: Directly held by General Catalyst Group V, L.P.
Footnotes: F1, F2

GUTS transaction

Common Stock

Conversion of derivative security

Transaction value
Shares: +98,149
Change %: +5726%
Price
Shares after: 99,863
Date: 06 Feb 2024
Ownership: Directly held by GC Entrepreneurs Fund V, L.P.
Footnotes: F1, F2

Reported derivative securities

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

GUTS transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
Shares: -3,204,832
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by General Catalyst Group V, L.P.
Underlying class: Common Stock
Underlying amount: 1,493,397
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
Shares: -66,897
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by GC Entrepreneurs Fund V, L.P.
Underlying class: Common Stock
Underlying amount: 31,172
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value
Shares: -3,098,678
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by General Catalyst Group V, L.P.
Underlying class: Common Stock
Underlying amount: 1,443,931
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value
Shares: -64,681
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by GC Entrepreneurs Fund V, L.P.
Underlying class: Common Stock
Underlying amount: 30,140
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series C-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares: -1,314,484
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by General Catalyst Group V, L.P.
Underlying class: Common Stock
Underlying amount: 612,527
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series C-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares: -27,438
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by GC Entrepreneurs Fund V, L.P.
Underlying class: Common Stock
Underlying amount: 12,785
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series C-2 Preferred Stock

Conversion of derivative security

Transaction value
Shares: -1,337,665
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by General Catalyst Group V, L.P.
Underlying class: Common Stock
Underlying amount: 623,329
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series C-2 Preferred Stock

Conversion of derivative security

Transaction value
Shares: -27,922
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by GC Entrepreneurs Fund V, L.P.
Underlying class: Common Stock
Underlying amount: 13,011
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series D Preferred Stock

Conversion of derivative security

Transaction value
Shares: -906,815
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by General Catalyst Group V, L.P.
Underlying class: Common Stock
Underlying amount: 422,560
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series D Preferred Stock

Conversion of derivative security

Transaction value
Shares: -18,929
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by GC Entrepreneurs Fund V, L.P.
Underlying class: Common Stock
Underlying amount: 8,820
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series E Preferred Stock

Conversion of derivative security

Transaction value
Shares: -228,371
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by General Catalyst Group V, L.P.
Underlying class: Common Stock
Underlying amount: 106,417
Exercise price
Footnotes: F1, F2

GUTS transaction Derivative

Series E Preferred Stock

Conversion of derivative security

Transaction value
Shares: -4,767
Change %: -100%
Price
Shares after: 0
Date: 06 Feb 2024
Ownership: Directly held by GC Entrepreneurs Fund V, L.P.
Underlying class: Common Stock
Underlying amount: 2,221
Exercise price
Footnotes: F1, F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

In connection with the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into common stock in accordance with the terms of such preferred stock.

Footnote F2

General Catalyst GP V, LLC ("GCGPV") is the general partner of General Catalyst Partners V, L.P., which is the general partner of General Catalyst Group V, L.P. ("GCGV") and GC Entrepreneurs Fund V, L.P. ("GCEV"). GCGPV is controlled by a group of three or more individuals, or the Managing Directors, having shared voting and dispositive control over the shares held by GCGV and GCEV. Each of the Managing Directors disclaims beneficial ownership of the securities held by GCGV and GCEV except to the extent of his or her pecuniary interest therein, if any.

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