Qiming Venture Partners VI, L.P. 4

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.