L. John Doerr - 07 May 2024 Form 4 Insider Report for AMYRIS, INC.

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
07 May 2024, 19:38:24 UTC
Prior SEC filing
13 Feb 2024
Next SEC filing
18 Jun 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ L. John Doerr, by Barbara Hager as his attorney-in-fact

Key filing fact

L. John Doerr filed Form 4 for AMYRIS, INC. on 07 May 2024.

Key facts

  • This page summarizes L. John Doerr's Form 4 filing for AMYRIS, INC..
  • 10 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 07 May 2024, 19:38.

Change

  • Previous filing in this sequence was filed on 13 Feb 2024.
  • Current net transaction value: -$70,700,000.

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

Reported non-derivative transactions

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

AMRS transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-46,047
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 May 2024
Ownership
Direct
Footnotes
F1, F2
AMRS transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-87,268,358
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 May 2024
Ownership
by Foris Ventures, LLC
Footnotes
F1, F2, F3, F4
AMRS transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-4,531
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 May 2024
Ownership
by KPCB XII Founders Fund, LLC
Footnotes
F1, F2, F5
AMRS transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-248,304
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 May 2024
Ownership
by Kleiner Perkins Caufield and Byers XII, LLC
Footnotes
F1, F2, F6
AMRS transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-3,333,333
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 May 2024
Ownership
by Perrara Ventures, LLC
Footnotes
F1, F2, F7
AMRS transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-9,648
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 May 2024
Ownership
by Clarus, LLC
Footnotes
F1, F2, F8
AMRS transaction

Common Stock

Disposed to Issuer

Transaction value
$0
Shares
-567
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 May 2024
Ownership
by The Vallejo Ventures Trust U/T/A 2/12/96
Footnotes
F1, F2, F9

Reported derivative securities

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

AMRS transaction Derivative

Warrant (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-2,046,036
Change %
-100%
Price
Shares after
0
Date
07 May 2024
Ownership
by Foris Ventures, LLC
Underlying class
Common Stock
Underlying amount
2,046,036
Exercise price
$1.30
Footnotes
F1, F2, F3, F4, F10
AMRS transaction Derivative

Warrant (Right to Buy)

Disposed to Issuer

Transaction value
Shares
-10,000,000
Change %
-100%
Price
Shares after
0
Date
07 May 2024
Ownership
by Foris Ventures, LLC
Underlying class
Common Stock
Underlying amount
10,000,000
Exercise price
$1.80
Footnotes
F1, F2, F3, F4, F11, F12
AMRS transaction Derivative

2019 LSA

Disposed to Issuer

Transaction value
$70,700,000
Shares
Change %
Price
Shares after
0
Date
07 May 2024
Ownership
by Foris Ventures, LLC
Underlying class
Common Stock
Underlying amount
23,584,220
Exercise price
$3.00
Footnotes
F1, F2, F3, F4, F13, F14
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

L. John Doerr is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 14 footnotes

Footnote F1

Pursuant to the Issuer's Third Amended Joint Plan of Reorganization Pursuant to Chapter 11 of the Bankruptcy Code (the "Plan"), which was confirmed by the United States Bankruptcy Court for the District of Delaware on February 7, 2024 and became effective on May 7, 2024, each share of the Issuer's common stock and options to purchase the Issuer's common stock outstanding prior to the Issuer's emergence from bankruptcy were cancelled for no value.

Footnote F2

(continued from footnote 1) In addition, pursuant to the Plan, $20,000,000 of the claims arising from that certain Senior Secured Super Priority Debtor In Possession Loan Agreement, dated as of August 9, 2023 (the "DIP Credit Agreement"), by and among the Borrowers, the Guarantors and Euagore, LLC ("Euagore" and such other lenders from time to time party thereto, the "DIP Lenders"), an affiliate of Foris Ventures, LLC ("FV"), were converted into 100% of the new common stock of the reorganized Issuer and issued to the DIP Lenders (or their assignee) on the effective date of the Plan.

Footnote F3

L. John Doerr ("John Doerr") indirectly holds all of the membership interests in Foris Ventures, LLC ("FV"). John Doerr disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Footnote F4

Barbara Hager, the manager of FV, may be deemed to have sole power to vote and dispose of the shares held by FV. The Vallejo Ventures Trust U/T/A 2/12/96 ("VVT"), the member of FV, may be deemed to have sole power to vote and dispose of these securities and John Doerr and Ann Doerr, the trustees of VVT, and Barbara Hager, the special trustee of VVT, may be deemed to have shared power to vote and dispose of the reported securities. Each of John Doerr, Ann Doerr and Barbara Hager disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. FV and VVT are represented on the Issuer's board of directors by John Doerr. Accordingly, each of Ann Doerr, Barbara Hager, FV and VVT are deemed to be a director by deputization.

Footnote F5

The Managing Member of KPCB XII Founders Fund, LLC is KPCB XII Associates, LLC, of which John Doerr is the managing member. John Doerr disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The shares are held for convenience in the name of "KPCB Holdings, Inc., as nominee" for the account of entities affiliated with Kleiner Perkins Caufield & Byers and others. KPCB Holdings, Inc. has no voting, dispositive or pecuniary interest in any such shares.

Footnote F6

The Managing Member of Kleiner Perkins Caufield & Byers XII, LLC is KPCB XII Associates, LLC, of which John Doerr is the managing member. John Doerr disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The shares are held for convenience in the name of "KPCB Holdings, Inc., as nominee" for the account of entities affiliated with Kleiner Perkins Caufield & Byers and others. KPCB Holdings, Inc. has no voting, dispositive or pecuniary interest in any such shares.

Footnote F7

John Doerr indirectly holds all of the membership interests in Perrara Ventures, LLC. John Doerr disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Footnote F8

John Doerr and Ann Doerr are the trustees of VVT, which is the member of Clarus, LLC. Barbara Hager is the special trustee of VVT and manager of FV. By virtue of these relationships, John Doerr, Ann Doerr and Barbara Hager may be deemed to have the power to vote and dispose of shares held by Clarus, LLC. Each of John Doerr, Ann Doerr and Barbara Hager disclaims beneficial ownership of the shares held by Clarus, LLC except to the extent of their pecuniary interest therein, if any.

Footnote F9

John Doerr and Ann Doerr are the trustees of VVT. Barbara Hager is the special trustee of VVT and manager of FV. By virtue of these relationships, John Doerr, Ann Doerr and Barbara Hager may be deemed to have the power to vote and dispose of shares held by VVT. Each of John Doerr, Ann Doerr and Barbara Hager disclaims beneficial ownership of the shares held by VVT except to the extent of their pecuniary interest therein, if any.

Footnote F10

This warrant was issued in connection with the entry into that certain Loan and Security Agreement dated September 13, 2022 among the Issuer, certain subsidiaries of the Issuer and Foris Ventures, LLC.

Footnote F11

The warrant is exercisable at a price of $1.80 per full share of Common Stock at any time after the date of issuance for a period of five years.

Footnote F12

On December 29, 2022, the Issuer entered into a security purchase agreement with FV, pursuant to which the Issuer issued and sold to FV in a private placement (i) 13,333,334 shares of the Issuer's common stock (the "Common Stock") and (ii) a warrant to purchase up to 10,000,000 shares of Common Stock, for an aggregate purchase price of $20,000,000.

Footnote F13

Represents the total amount of indebtedness outstanding, including accrued and unpaid interest as well as penalties, as of January 3, 2024, under that certain Amended and Restated Loan and Security Agreement, dated as of October 28, 2019 (as it may be further amended, restated or otherwise modified, the "2019 LSA"), by and among the Issuer, FV, as lender, and the other parties thereto. Such indebtedness was convertible into shares of Common Stock at a fixed conversion price of $3.00 per share of Common Stock the estimated aggregate principal amount and interest and penalties as of January 3, 2024 outstanding.

Footnote F14

(continued from footnote 13 ) The 2019 LSA bears interest at 6.0% per annum, subject to certain default interest provisions in the event of a default under the 2019 LSA. The Issuer's filing of the Chapter 11 Cases (as defined below) was an event of default under the 2019 LSA which automatically accelerated the payment date of unpaid principal and interest as well as applying certain penalties, including adding an amount equal to 6.0% of the past due amount and increasing the interest rate to 12.0%, compounded daily.

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