4//SEC Filing
MCDADE MARK 4
Accession 0001242126-25-000005
CIK 0001827506other
Filed
Oct 27, 8:00 PM ET
Accepted
Oct 28, 6:30 PM ET
Size
19.3 KB
Accession
0001242126-25-000005
Insider Transaction Report
Form 4
MCDADE MARK
Director
Transactions
- Disposition from Tender
Common Stock
2025-10-28−183,177→ 0 total(indirect: By Qiming U.S. Healthcare Fund I,L.P.) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-10-28−20,000→ 0 totalExercise: $9.46→ Common Stock (20,000 underlying) - Disposition from Tender
Common Stock
2025-10-28−110,083→ 0 total(indirect: By Qiming U.S. Healthcare Fund II,L.P.) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-10-28−10,000→ 0 totalExercise: $13.91→ Common Stock (10,000 underlying) - Disposition from Tender
Common Stock
2025-10-28−448,431→ 0 total(indirect: By Qiming U.S. Healthcare Fund III,L.P.) - Disposition to Issuer
Employee Stock Option (Right to Buy)
2025-10-28−16,800→ 0 totalExercise: $18.73→ Common Stock (16,800 underlying) - Disposition from Tender
Common Stock
2025-10-28−518→ 0 total
Footnotes (6)
- [F1]This Form 4 reports securities disposed pursuant to that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of September 8, 2025, by and among Issuer, Novartis AG, a company limited by shares (Aktiengesellschaft) incorporated under the laws of Switzerland ("Parent"), and Torino Merger Sub Inc., a Delaware corporation and indirect wholly owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, on October 28, 2025, Merger Sub completed a cash tender offer to acquire all of the shares of common stock of the Issuer, par value $0.0001 (the "Shares"), issued and outstanding immediately prior to the effective time of the merger (the "Effective Time"), in exchange for $48.00 in cash per Share, subject to any applicable withholding of taxes (the "Merger Consideration").
- [F2]Pursuant to the terms of the Merger Agreement, each Share was tendered in exchange for $48.00 in cash per Share.
- [F3]The securities are directly held by Qiming U.S. Healthcare Fund I, L.P. ("Qiming"). Qiming U.S. Healthcare GP I, LLC ("Qiming GP") is the sole general partner of Qiming. The Reporting Person is a managing member of Qiming GP and may be deemed to share voting and dispositive power over the securities held by Qiming. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
- [F4]The securities are directly held by Qiming U.S. Healthcare Fund II, L.P. ("Qiming II"). Qiming U.S. Healthcare GP II, LLC ("Qiming GP II") is the sole general partner of Qiming II. The Reporting Person is a managing member of Qiming GP II and may be deemed to share voting and dispositive power over the securities held by Qiming II. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
- [F5]The securities are directly held by Qiming U.S. Healthcare Fund III, L.P. ("Qiming III"). Qiming U.S. Healthcare GP III, LLC ("Qiming GP III") is the sole general partner of Qiming III. The Reporting Person is a managing member of Qiming GP III and may be deemed to share voting and dispositive power over the securities held by Qiming III. The Reporting Person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein.
- [F6]Pursuant to the terms of the Merger Agreement, each stock option that was outstanding and unexercised immediately prior to the Effective Time was automatically canceled and terminated and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the amount by which the Merger Consideration exceeds the applicable exercise price per Share of such option and (ii) the aggregate number of Shares issuable upon exercise of such option or portion thereof, subject to any applicable withholding of taxes.
Documents
Issuer
Tourmaline Bio, Inc.
CIK 0001827506
Entity typeother
Related Parties
1- filerCIK 0001242126
Filing Metadata
- Form type
- 4
- Filed
- Oct 27, 8:00 PM ET
- Accepted
- Oct 28, 6:30 PM ET
- Size
- 19.3 KB