Home > Insider Trading > Filing (0001104659-21-097155)

Filing Details

Accession Number:: 0001104659-21-097155
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-07-28 21:01:15
Reporting Period:: 2021-07-26

Accepted Time:: 2021-07-28 21:01:15
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1672688	Absci Corp	ABSI	()	DE

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1425738	Redmile Group, Llc	One Letterman Drive, Building D Suite D3-300 San Francisco CA 94129		Yes	No	No	No
1650527	Jeremy Green	C/O Redmile Group, Llc One Letterman Drive, Building D Suite D3-300 San Francisco CA 94129		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2021-07-26	4,209,573	$0.00	4,209,573	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2021-07-26	1,946,521	$0.00	6,156,094	No	4	C	Indirect	See Footnote
Common Stock	Acquisiton	2021-07-26	1,875,000	$16.00	8,031,094	No	4	P	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Indirect	See Footnote
No	4	C	Indirect	See Footnote
No	4	P	Indirect	See Footnote

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series E Convertible Preferred Stock	Disposition	2021-07-26	4,209,573	$0.00	4,209,573	$0.00
Common Stock	Convertible Promissory Note	Disposition	2021-07-26	0	$0.00	1,946,521	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0			No	4	C	Indirect
0	2021-03-17		No	4	C	Indirect

Footnotes

The Series E convertible preferred stock automatically converted into shares of the Issuer's common stock upon the closing of the Issuer's initial public offering based on a pre-stock split conversion price of $19.6166 per share. On July 19, 2021, the Issuer effected a one-for-3.3031 forward stock split of its common stock. The Series E convertible preferred stock has no expiration date.
The convertible promissory note dated March 17, 2021 automatically converted into shares of the Issuer's common stock upon the closing of the Issuer's initial public offering based on a conversion price equal to $13.12 per share, which was the purchase price per share (after the forward stock split noted above) paid by investors in connection with the closing of the Issuer's initial public offering, less a discount equal to 18% of such purchase price.
These securities are directly owned by private investment vehicles managed by Redmile Group, LLC ("Redmile") and may be deemed beneficially owned by Redmile as investment manager of such private investment vehicles. The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile. Each of Redmile and Mr. Green (collectively, the "Reporting Persons") disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. This report shall not be deemed an admission that such Reporting Persons are a beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.