Third Rock Ventures V, L.P. - 10 Jun 2024 Form 4 Insider Report for Rapport Therapeutics, Inc. (RAPP)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Jun 2024, 19:42:10 UTC
Prior SEC filing
06 Jun 2024
Next SEC filing
24 Oct 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kevin Gillis, Chief Operating Officer of TRV GP V, LLC, general partner of Third Rock Ventures GP V, L.P., general partner of Third Rock Ventures V, L.P.

Key filing fact

Third Rock Ventures V, L.P. filed Form 4 for Rapport Therapeutics, Inc. (RAPP) on 10 Jun 2024.

Key facts

  • This page summarizes Third Rock Ventures V, L.P.'s Form 4 filing for Rapport Therapeutics, Inc. (RAPP).
  • 5 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 10 Jun 2024, 19:42.

Change

  • Previous filing in this sequence was filed on 06 Jun 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.

RAPP transaction

Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+6,551,449
Change %
+1122%
Price
$0.000000
Shares after
7,135,233
Date
10 Jun 2024
Ownership
Direct
Footnotes
F1, F2, F4
RAPP transaction

Common Stock

Conversion of derivative security

Transaction value
$0
Shares
+969,218
Change %
Price
$0.000000
Shares after
969,218
Date
10 Jun 2024
Ownership
By Third Rock Ventures VI, L.P.
Footnotes
F1, F3, F4

Reported derivative securities

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

RAPP transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-56,091,177
Change %
-100%
Price
$0.000000*
Shares after
0
Date
10 Jun 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
6,551,449
Exercise price
Footnotes
F1, F2, F4
RAPP transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-8,000,000
Change %
-100%
Price
$0.000000*
Shares after
0
Date
10 Jun 2024
Ownership
By Third Rock Ventures VI, L.P.
Underlying class
Common Stock
Underlying amount
934,400
Exercise price
Footnotes
F1, F3, F4
RAPP transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-298,103
Change %
-100%
Price
$0.000000*
Shares after
0
Date
10 Jun 2024
Ownership
By Third Rock Ventures VI, L.P.
Underlying class
Common Stock
Underlying amount
34,818
Exercise price
Footnotes
F1, F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Upon the closing of the Issuer's initial public offering, each share of Series A Preferred Stock and Series B Preferred Stock (collectively, the "Preferred Stock") automatically converted into Common Stock on a one-for-8.5648 basis without payment of consideration. The Preferred Stock had no expiration date.

Footnote F2

The shares are held directly by Third Rock Ventures V, L.P. ("TRV V"). The general partner of TRV V is Third Rock Ventures GP V, L.P. ("TRV GP V"). The general partner of TRV GP V is TRV GP V, LLC ("TRV GP V LLC"). Each of TRV GP V, and TRV GP V LLC, disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it is the beneficial owner of such shares.

Footnote F3

The shares are held directly by Third Rock Ventures VI, L.P. ("TRV VI"). The general partner of TRV VI is Third Rock Ventures GP VI, L.P. ("TRV GP VI"). The general partner of TRV GP VI is TRV GP VI, LLC ("TRV GP VI LLC"). Each of TRV GP VI, and TRV GP VI LLC, disclaims beneficial ownership of these shares except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that it is the beneficial owner of such shares.

Footnote F4

Each of Reporting Persons disclaims the existence of a Section 13(d) "group" as between the TRV III related parties and the TRV IV related parties and this report shall not be deemed an admission that any of such parties is or may be part of such a group with any of the other parties.

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