Key facts
- This page summarizes Redmile Group, LLC's Form 4 filing for Absci Corp (ABSI).
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 14 Jun 2024, 19:47.
Redmile Group, LLC - 12 Jun 2024 Form 4 Insider Report for Absci Corp (ABSI)
- Reporting relationship
- Director
- Issuer ticker
- ABSI
- Reported as of
- 12 Jun 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 14 Jun 2024, 19:47:08 UTC
- Prior SEC filing
- 11 Jun 2024
- Next SEC filing
- 18 Jun 2024
- Source filing
- View source filing
- Reporting owner signature
- By: /s/ Jeremy Green, Managing Member of Redmile Group, LLC
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Redmile Group, LLC filed Form 4 for Absci Corp (ABSI) on 14 Jun 2024.
Change
- Previous filing in this sequence was filed on 11 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ABSI
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +8,820
- Change %
- +0.11%
- Price
- $0.000000
- Shares after
- 8,262,136
- Date
- 12 Jun 2024
- Ownership
- See Footnotes
- Footnotes
- F1, F3, F4
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
ABSI
transaction
Derivative
Stock Option (Right to Buy)
Award
- Transaction value
- $0
- Shares
- +36,274
- Change %
- Price
- $0.000000
- Shares after
- 36,274
- Date
- 12 Jun 2024
- Ownership
- See Footnotes
- Underlying class
- Common Stock
- Underlying amount
- 36,274
- Exercise price
- $4.96
- Footnotes
- F2, 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
On June 12, 2024, Mr. Amrit Nagpal received 8,820 restricted stock units ("RSUs") issued under the Issuer's 2021 Stock Option and Incentive Plan. Each RSU represents the contingent right to receive one share of the Issuer's common stock, $0.0001 par value (the "Common Stock"). The RSUs shall vest and be settled in full on the earlier of (i) the first anniversary of the date of grant or (ii) the date of the Issuer's next annual meeting of stockholders, subject to Mr. Nagpal's continuous service to the Issuer through such date.
Footnote F2
On June 12, 2024, Mr. Nagpal received a grant of options to purchase 36,274 shares of the Issuer's Common Stock. Pursuant to the Issuer's amended Non-Employee Director Compensation Policy, the option award will vest in full on the earlier of (i) the first anniversary of the date of grant and (ii) the date of the Issuer's next annual meeting of stockholders, subject to Mr. Nagpal's continuous service to the Issuer through such date.
Footnote F3
The restricted stock units and stock option (the "reported securities") were granted to Mr. Nagpal, a managing director of Redmile Group, LLC ("Redmile"), in connection with his service as a member of the Board of Directors of the Issuer. Pursuant to the policies of Redmile, Mr. Nagpal holds the reported securities as a nominee on behalf, and for the sole benefit, of Redmile and has assigned all economic, pecuniary and voting rights in respect of the reported securities to Redmile. Mr. Nagpal disclaims beneficial ownership of the reported securities, and the filing of this Form 4 shall not be deemed an admission that Mr. Nagpal is the beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Footnote F4
The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile. Redmile and Mr. Green disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this Form 4 shall not be deemed an admission that Redmile or Mr. Green is the beneficial owner of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
SEC remarks
Mr. Nagpal was elected to the board of directors of the Issuer as a representative of Redmile and its affiliates. As a result, Redmile and Mr. Green, are directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.