Longitude Venture Partners IV, L.P. 4
4 · Eargo, Inc. · Filed Oct 22, 2020
Insider Transaction Report
Form 4
Eargo, Inc.EAR
Longitude Venture Partners IV, L.P.
10% Owner
Transactions
- Conversion
Common Stock
2020-10-20+3,685,358→ 3,685,358 total - Purchase
Common Stock
2020-10-20$18.00/sh+233,333$4,199,994→ 3,918,691 total - Conversion
Series E Preferred Stock
2020-10-20−3,685,358→ 0 total→ Common Stock (3,685,358 underlying)
Footnotes (2)
- [F1]The Series E Preferred Stock automatically converted into shares of Common Stock on a 1:1 basis immediately prior to the completion of the Issuer's initial public offering of Common Stock and had no expiration date.
- [F2]These shares are are held directly by the Reporting Person. Longitude Capital Partners IV, LLC ("LCP4") is the general partner of the Reporting Person and may be deemed to have voting, investment and dispositive power over the shares held by the Reporting Person. Juliet Tammenoms Bakker, a member of the Issuer's board of directors, and Patrick G. Enright are managing members of LCP4 (each a "Manager" and collectively, the "Managers") and may each be deemed to share voting, investment and dispositive power with respect to the shares held by the Reporting Person. Each of LCP4 and the Managers disclaims beneficial ownership of the shares held by the Reporting Person and this report shall not be deemed an admission that any of them is the beneficial owner of such shares for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein..