RA CAPITAL MANAGEMENT, L.P. - 10 Feb 2025 Form 4 Insider Report for Sionna Therapeutics, Inc. (SION)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
10 Feb 2025, 17:04:15 UTC
Prior SEC filing
06 Feb 2025
Next SEC filing
24 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Peter Kolchinsky, Manager of RA Capital Management, L.P.

Key filing fact

RA CAPITAL MANAGEMENT, L.P. filed Form 4 for Sionna Therapeutics, Inc. (SION) on 10 Feb 2025.

Key facts

  • This page summarizes RA CAPITAL MANAGEMENT, L.P.'s Form 4 filing for Sionna Therapeutics, Inc. (SION).
  • 16 reported transactions and 10 derivative rows are listed below.
  • Accepted by SEC: 10 Feb 2025, 17:04.

Change

  • Previous filing in this sequence was filed on 06 Feb 2025.
  • Current net transaction value: +$20,250,000.

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.

SION transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+5,021,990
Change %
+571%
Price
Shares after
5,900,779
Date
10 Feb 2025
Ownership
See footnotes
Footnotes
F1, F2, F3
SION transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+527,444
Change %
+154%
Price
Shares after
869,651
Date
10 Feb 2025
Ownership
See footnotes
Footnotes
F1, F3, F4
SION transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+2,222,084
Change %
Price
Shares after
2,222,084
Date
10 Feb 2025
Ownership
See footnotes
Footnotes
F1, F3, F5
SION transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+179,975
Change %
+122%
Price
Shares after
327,808
Date
10 Feb 2025
Ownership
See footnotes
Footnotes
F1, F3, F6
SION transaction

Common Stock

Purchase

Transaction value
$18,406,548
Shares
+1,022,586
Change %
+17%
Price
$18.00
Shares after
6,923,365
Date
10 Feb 2025
Ownership
See footnotes
Footnotes
F2, F3
SION transaction

Common Stock

Purchase

Transaction value
$1,843,452
Shares
+102,414
Change %
+4.6%
Price
$18.00
Shares after
2,324,498
Date
10 Feb 2025
Ownership
See footnotes
Footnotes
F3, F5

Reported derivative securities

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

SION transaction Derivative

Series Seed Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-819,153
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
560,642
Exercise price
Footnotes
F1, F2, F3
SION transaction Derivative

Series Seed Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-319,069
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
218,375
Exercise price
Footnotes
F1, F3, F4
SION transaction Derivative

Series Seed Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-138,054
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
94,486
Exercise price
Footnotes
F1, F3, F6
SION transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-1,229,830
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
841,716
Exercise price
Footnotes
F1, F2, F3
SION transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-451,580
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
309,069
Exercise price
Footnotes
F1, F3, F4
SION transaction Derivative

Series A Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-124,908
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
85,489
Exercise price
Footnotes
F1, F3, F6
SION transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-923,773
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
632,244
Exercise price
Footnotes
F1, F2, F3
SION transaction Derivative

Series B Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-2,155,469
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
1,475,237
Exercise price
Footnotes
F1, F3, F5
SION transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-4,364,874
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
2,987,388
Exercise price
Footnotes
F1, F2, F3
SION transaction Derivative

Series C Preferred Stock

Conversion of derivative security

Transaction value
$0
Shares
-1,091,219
Change %
-100%
Price
$0.000000
Shares after
0
Date
10 Feb 2025
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
746,847
Exercise price
Footnotes
F1, F3, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Each share of Series Seed Preferred Stock, Series A Preferred Stock, Series B Preferred Stock, and Series C Preferred Stock (collectively the "Preferred Stock") converted into shares of Common Stock of the Issuer on a one-for-1.4611 basis upon the closing of the Issuer's initial public offering without payment of further consideration. The Preferred Stock had no expiration date.

Footnote F2

Held directly by RA Capital Healthcare Fund, L.P. (the "Fund").

Footnote F3

RA Capital Management, L.P. (the "Adviser") is the investment manager for the Fund, RA Capital Nexus Fund, L.P. (the "Nexus Fund"), RA Capital Nexus III Fund, L.P. (the "Nexus Fund III"), and a separately managed account (the "Account"). The general partner of the Adviser is RA Capital Management GP, LLC (the "Adviser GP"), of which Dr. Peter Kolchinsky and Mr. Rajeev Shah are the managing members. The Adviser, the Adviser GP, the Fund, he Nexus Fund, the Nexus Fund III, Dr. Kolchinsky and Mr. Shah disclaim beneficial ownership of any of the reported securities, except to the extent of their pecuniary interest therein.

Footnote F4

Held directly by the Nexus Fund.

Footnote F5

Held directly by Nexus Fund III.

Footnote F6

Held directly by the Account.

SEC remarks

Joshua Resnick, a Partner of the Adviser, serves on the Issuer's board of directors.

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