4//SEC Filing
Legorreta Pablo G. 4
Accession 0000950170-25-015495
CIK 0001850270other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 5:02 PM ET
Size
14.7 KB
Accession
0000950170-25-015495
Insider Transaction Report
Form 4
PROKIDNEY CORP.PROK
Legorreta Pablo G.
Director10% Owner
Transactions
- Other
Class A Ordinary Shares
2025-02-04−532,535→ 22,617,909 total(indirect: See footnote) - Conversion
Common Units in ProKidney LP
2025-02-04−532,535→ 88,107,426 total(indirect: See footnote)Exercise: $0.00→ Class A Ordinary Shares (532,535 underlying) - Conversion
Class A Ordinary Shares
2025-02-04+532,535→ 23,150,444 total(indirect: See footnote) - Conversion
Class B Ordinary Shares
2025-02-04−532,535→ 88,107,426 total(indirect: See footnote)Exercise: $0.00→ Class A Ordinary Shares (532,535 underlying)
Tolerantia, LLC
10% Owner
Transactions
- Conversion
Class A Ordinary Shares
2025-02-04+532,535→ 23,150,444 total(indirect: See footnote) - Conversion
Class B Ordinary Shares
2025-02-04−532,535→ 88,107,426 total(indirect: See footnote)Exercise: $0.00→ Class A Ordinary Shares (532,535 underlying) - Conversion
Common Units in ProKidney LP
2025-02-04−532,535→ 88,107,426 total(indirect: See footnote)Exercise: $0.00→ Class A Ordinary Shares (532,535 underlying) - Other
Class A Ordinary Shares
2025-02-04−532,535→ 22,617,909 total(indirect: See footnote)
Footnotes (5)
- [F1]Represents equity interests held by Tolerantia, which is an affiliate controlled and majority owned by Pablo Legorreta. Mr. Legorreta controls the voting and disposition of the equity interests held by Tolerantia. Mr. Legorreta disclaims beneficial ownership of the equity interests held by Tolerantia except to the extent of his indirect pecuniary interest therein.
- [F2]Prior to February 4, 2025 (the "Transaction Date"), Tolerantia held 88,639,961 Common Units in ProKidney and an equal number of Class B Ordinary Shares (the "Paired Interests"), 84,160,537 of which were held by Nefro Health, an Irish partnership that is an affiliate controlled and majority-owned by Mr. Pablo Legorreta, and 4,479,424 of which were held by other investors which are unaffiliated with Mr. Legorreta (the "Unaffiliated Investors"). On the Transaction Date, Tolerantia exchanged 532,535 of the 4,479,424 Paired Interests attributable to the interests of the Unaffiliated Investors in Tolerantia for 532,535 Class A Ordinary Shares, which it subsequently distributed in-kind pro rata for no consideration to the Unaffiliated Investors.
- [F3]The Class B Ordinary Shares and the Common Units in ProKidney LP (the "Common Units") are paired securities. At the election of the reporting person and subject to the limitations set forth in the Exchange Agreement and the Second Amended and Restated Company Partnership Agreement, each Class B Ordinary Share, together with a paired Common Unit, may be exchanged for a Class A Ordinary Share on a one-for-one basis.
- [F4]The Class B Ordinary Shares were received pursuant to the terms of the Business Combination Agreement by and between the Issuer (formerly known as Social Capital Suvretta Holdings Corp. III) and ProKidney LP, dated as of January 18, 2022 (the "Business Combination Agreement"), in exchange for historical interests held by the reporting person in ProKidney LP. The Class B Ordinary Shares do not expire.
- [F5]The Common Units were received pursuant to the terms of the Business Combination Agreement in exchange for historical interests held by the reporting person in ProKidney LP. The Common Units do not expire.
Documents
Issuer
PROKIDNEY CORP.
CIK 0001850270
Entity typeother
Related Parties
1- filerCIK 0001507678
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 5:02 PM ET
- Size
- 14.7 KB