Qiming Venture Partners VI, L.P. 4
4 · Alamar Biosciences, Inc. · Filed Apr 22, 2026
Research Summary
AI-generated summary of this filing
Alamar Biosciences (ALMR) 10% Owner Qiming Corporate Converts Derivatives
What Happened
- Qiming Corporate GP VI, Ltd. (reported as a 10% owner through various affiliated funds) converted a series of preferred/derivative securities into Alamar common/Class B shares on April 20, 2026. The filing lists multiple conversion lines and related inter-entity acquisitions/dispositions involving individual lots such as 6,881,410; 6,404,332; 5,738,971; 4,648,194; 4,222,738; 3,882,451; 1,922,329; 1,605,645 and several smaller lots — roughly 36 million shares in aggregate based on the reported line items.
- The reported conversions show no cash price (N/A or $0.00), indicating these were non‑cash conversions of preferred/derivative instruments into common stock (not open-market purchases or sales).
Key Details
- Transaction date: April 20, 2026; Form 4 filed April 22, 2026 (within the usual two-business-day Form 4 reporting window).
- Price/consideration: Reported as N/A or $0.00 for the conversions — these were conversions of derivative/preferred holdings rather than cash purchases or sales.
- Shares owned after transaction: Not specified in the data you provided (see the full Form 4 for post-transaction holdings).
- Footnotes of note:
- F1/F2: Certain preferred series converted at fixed ratios at IPO closing (Series A‑3/A‑4/C → 0.4136 share of Class B; Series B → 0.4403 share of Class B).
- F3–F6: The reported shares are held by various Qiming funds; Qiming Corporate serves as GP/indirect GP for those funds and may be deemed to have voting/dispositive power but disclaims beneficial ownership except for its pecuniary interest.
- F7: Class B Common was automatically reclassified to Common immediately prior to the issuer’s IPO completion.
- Transaction codes indicate conversions and related inter‑fund transfers (codes C and J), not open-market trades.
Context
- This filing reflects institutional conversion activity tied to preferred/derivative instruments around the issuer’s IPO closing, not routine insider buying or selling in the market. Conversions at $0 are typically non-cash corporate events (e.g., preferred → common) and do not by themselves indicate a bullish or bearish signal.
- Because Qiming Corporate is a 10% owner acting through affiliated funds (not an operating executive), these items describe fund/ownership restructurings rather than individual executive trades. For exact post-conversion holdings and any impact on voting power, consult the complete Form 4 and related disclosures.
Insider Transaction Report
Form 4
Qiming Corporate GP VI, Ltd.
10% Owner
Transactions
- Conversion
Class B Common Stock
[F1][F2][F3]2026-04-20+185,163→ 185,163 total(indirect: See footnote) - Conversion
Class B Common Stock
[F1][F2][F4]2026-04-20+6,881,410→ 6,881,410 total(indirect: See footnote) - Conversion
Class B Common Stock
[F1][F5]2026-04-20+1,605,645→ 1,605,645 total(indirect: See footnote) - Conversion
Class B Common Stock
[F1][F6]2026-04-20+1,922,329→ 1,922,329 total(indirect: See footnote) - Other
Class B Common Stock
[F7][F3]2026-04-20−185,163→ 0 total(indirect: See footnote) - Other
Class B Common Stock
[F7][F4]2026-04-20−6,881,410→ 0 total(indirect: See footnote) - Other
Class B Common Stock
[F7][F5]2026-04-20−1,605,645→ 0 total(indirect: See footnote) - Other
Class B Common Stock
[F7][F6]2026-04-20−1,922,329→ 0 total(indirect: See footnote) - Other
Common Stock
[F7][F3]2026-04-20+185,163→ 185,163 total(indirect: See footnote) - Other
Common Stock
[F7][F4]2026-04-20+6,881,410→ 6,881,410 total(indirect: See footnote) - Other
Common Stock
[F7][F5]2026-04-20+1,605,645→ 1,605,645 total(indirect: See footnote) - Other
Common Stock
[F7][F6]2026-04-20+1,922,329→ 1,922,329 total(indirect: See footnote) - Conversion
Series A-3 Preferred Stock
[F1][F3]2026-04-20−172,328→ 0 total(indirect: See footnote)→ Class B Common Stock (71,268 underlying) - Conversion
Series A-3 Preferred Stock
[F1][F4]2026-04-20−6,404,332→ 0 total(indirect: See footnote)→ Class B Common Stock (2,648,607 underlying) - Conversion
Series A-4 Preferred Stock
[F1][F3]2026-04-20−154,425→ 0 total(indirect: See footnote)→ Class B Common Stock (63,864 underlying) - Conversion
Series A-4 Preferred Stock
[F1][F4]2026-04-20−5,738,971→ 0 total(indirect: See footnote)→ Class B Common Stock (2,373,437 underlying) - Conversion
Series B Preferred Stock
[F2][F3]2026-04-20−113,625→ 0 total(indirect: See footnote)→ Class B Common Stock (50,031 underlying) - Conversion
Series B Preferred Stock
[F2][F4]2026-04-20−4,222,738→ 0 total(indirect: See footnote)→ Class B Common Stock (1,859,366 underlying) - Conversion
Series C Preferred Stock
[F1][F5]2026-04-20−3,882,451→ 0 total(indirect: See footnote)→ Class B Common Stock (1,605,645 underlying) - Conversion
Series C Preferred Stock
[F1][F6]2026-04-20−4,648,194→ 0 total(indirect: See footnote)→ Class B Common Stock (1,922,329 underlying)
Footnotes (7)
- [F1]Each share of the Series A-3 Preferred Stock, Series A-4 Preferred Stock and Series C Preferred Stock converted into 0.4136 share of Class B Common Stock at the closing of the initial public offering. The Series A-3 Preferred Stock, Series A-4 Preferred Stock and Series C Preferred Stock had no expiration date.
- [F2]Each share of Series B Preferred Stock converted into 0.4403 share of Class B Common Stock at the closing of the initial public offering. The Series B Preferred Stock had no expiration date.
- [F3]These shares are held of record by Qiming Managing Directors Fund VI, L.P. ("Qiming Managing Directors"). Qiming Corporate GP VI, Ltd. ("Qiming Corporate") serves as the general partner of Qiming Managing Directors and may be deemed to have voting and dispositive power over the shares held by Qiming Managing Directors. Qiming Corporate disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
- [F4]These shares are held of record by Qiming Venture Partners VI, L.P., ("Qiming Venture Partners VI"). Qiming Corporate, through one intermediary, serves as the indirect general partner of Qiming Venture Partners VI and may be deemed to have voting and dispositive power over the shares held by Qiming Venture Partners VI. Qiming Corporate disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
- [F5]These shares are held of record by Qiming Venture Partners VIII Investments, LLC ("QVP VIII LLC"). Qiming GP VIII, LLC, through two parallel intermediaries, serves as the indirect general partner of QVP VIII LLC and may be deemed to have voting and dispositive power over the shares held by QVP VIII LLC. Qiming GP VIII, LLC disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
- [F6]These shares are held of record by Qiming Venture Partners VIII-HC, L.P. ("QVP VIII-HC"). Qiming GP VIII-HC, LLC serves as the general partner of QVP VIII-HC and may be deemed to have voting and dispositive power over the shares held by QVP VIII-HC. Qiming GP VIII-HC, LLC disclaims beneficial ownership of such shares, except to the extent of its proportionate pecuniary interest therein.
- [F7]Each share of Class B Common Stock was automatically reclassified into one share of Common Stock immediately prior to the completion of the Issuer's initial public offering of Common Stock.