Sofinnova Venture Partners X, L.P. 4
4 · Akouos, Inc. · Filed Jul 1, 2020
Insider Transaction Report
Form 4
Akouos, Inc.AKUS
Sofinnova Venture Partners X, L.P.
10% Owner
Transactions
- Conversion
Common Stock
2020-06-30+856,262→ 856,262 total - Conversion
Common Stock
2020-06-30+599,988→ 1,456,250 total - Conversion
Series B Preferred Stock
2020-06-30−12,643,557→ 0 total→ Common Stock (599,988 underlying) - Conversion
Series A Preferred Stock
2020-06-30−18,044,028→ 0 total→ Common Stock (856,262 underlying) - Purchase
Common Stock
2020-06-30$17.00/sh+58,823$999,991→ 1,515,073 total
Footnotes (3)
- [F1]Upon the closing of the initial public offering of the Issuer's Common Stock, the Series A Preferred Stock automatically converted into Common Stock on a 21.073-for-1 basis without payment of further consideration. The shares of Series A Preferred Stock had no expiration date.
- [F2]The shares are held directly by Sofinnova Venture Partners X, L.P. ("SVP X"). Sofinnova Management X, L.L.C. ("SM X") is the general partner of SVP X and may be deemed to have sole voting, investment and dispositive power with respect to the shares held by SVP X. James I. Healy, Maha Katabi, and Michael F. Powell are the managing members of SM X and may be deemed to have shared voting, investment and dispositive power with respect to the shares held by SVP X. Each of the reporting persons disclaims beneficial ownership of such securities, except to the extent of his, her or its proportionate pecuniary interest therein.
- [F3]Upon the closing of the initial public offering of the Issuer's Common Stock, the Series B Preferred Stock automatically converted into Common Stock on a 21.073-for-1 basis without payment of further consideration. The shares of Series B Preferred Stock had no expiration date.