OrbiMed Israel BioFund GP Limited Partnership - 15 May 2024 Form 4 Insider Report for BiomX Inc. (PHGE)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
20 May 2024, 16:39:38 UTC
Prior SEC filing
19 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Carl L. Gordon

Key filing fact

OrbiMed Israel BioFund GP Limited Partnership filed Form 4 for BiomX Inc. (PHGE) on 20 May 2024.

Key facts

  • This page summarizes OrbiMed Israel BioFund GP Limited Partnership's Form 4 filing for BiomX Inc. (PHGE).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 20 May 2024, 16:39.

Change

  • Previous filing in this sequence was filed on 19 Mar 2024.
  • Current net transaction value: +$2,255,140.

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.

PHGE transaction

Common Stock

Exercise of in-the-money or at-the-money derivative security

Transaction value
$2,264,420
Shares
+9,280,408
Change %
+205%
Price
$0.2440
Shares after
13,797,997
Date
15 May 2024
Ownership
See footnotes
Footnotes
F2, F3
PHGE transaction

Common Stock

Sale

Transaction value
$9,280
Shares
-24,344
Change %
-0.18%
Price
$0.3812
Shares after
13,773,653
Date
15 May 2024
Ownership
See footnotes
Footnotes
F1, F2, F3

Reported derivative securities

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

PHGE transaction Derivative

Warrants (Right to Buy)

Exercise of in-the-money or at-the-money derivative security

Transaction value
$0
Shares
-9,280,408
Change %
-100%
Price
$0.000000*
Shares after
0
Date
15 May 2024
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
9,280,408
Exercise price
$0.2440
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

On May 15, 2024, OrbiMed Israel Partners Limited Partnership ("OIP") exercised pre-funded warrants ("Warrants") to purchase 9,280,408 shares of the Issuer's common stock for $0.244 per share. OIP paid the exercise price on a cashless basis, resulting in the Issuer withholding 24,344 of the Warrant shares to pay the exercise price and issuing to OIP the remaining 9,256,064 shares. The shares of the Issuer's common stock withheld to pay the exercise price of the Warrants are matchable under Section 16(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), with a portion of OIP's purchase of certain derivative securities on March 15, 2024. OIP will disgorge to the Issuer the statutory "profits" pursuant to Section 16(b) of the Exchange Act that resulted from such transactions.

Footnote F2

These securities are held of record by OIP. OrbiMed Israel BioFund GP Limited Partnership ("OrbiMed BioFund") is the general partner of OIP and OrbiMed Israel GP Ltd. ("OrbiMed Israel") is the general partner of OrbiMed BioFund. By virtue of such relationships, OrbiMed Israel and OrbiMed BioFund may be deemed to have voting and investment power over the securities held by OIP and, as a result, may be deemed to have beneficial ownership over such securities. OrbiMed Israel exercises investment and voting power through an investment committee comprised of Carl L. Gordon and Erez Chimovits.

Footnote F3

Each of OrbiMed Israel, OrbiMed BioFund, Carl L. Gordon, and Erez Chimovits disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Exchange Act, except to the extent of his or its pecuniary interest therein, if any. This report shall not be deemed an admission that any of the Reporting Persons is a beneficial owner of such securities for the purpose of Section 16 of the Exchange Act, or for any other purpose.

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