Attovia Therapeutics (ATTO) insider Redmile converts 782,854 preferred shares and buys 600,000 in IPO
Rhea-AI Filing Summary
Attovia Therapeutics, Inc. reported insider activity by investment entities associated with Redmile Group and Jeremy Green as ten percent owners. On August 6, 2026, 782,854 shares of Series B Preferred Stock automatically converted in full into the same number of common shares upon completion of Attovia’s IPO for no consideration. On the same date, Redmile-managed vehicles purchased an additional 600,000 shares of common stock at $17.00 per share in the IPO, including a 200,000-share direct purchase that brought one reported direct common position to 982,854 shares. The filing notes that Redmile and Jeremy Green may be deemed beneficial owners through their roles as manager and principal, while disclaiming beneficial ownership beyond any pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series B Preferred Stock F1, F2, F4 | 782,854 | -- | -- |
| Conversion | Common Stock F1, F2, F4 | 782,854 | -- | -- |
| Purchase | Common Stock F2, F4 | 200,000 | $17.00 | $3.40M |
| Purchase | Common Stock F3, F4 | 400,000 | $17.00 | $6.80M |
Footnotes (4)
- F1. On August 6, 2026, the Series B Preferred Stock converted by its terms in full automatically into shares of the Issuer's common stock, upon the consummation of the Issuer's initial public offering ("IPO"), for no consideration. The Series B Preferred Stock had no expiration date.
- F2. These securities are held directly by Redmile Biopharma Investments III, L.P. ("RBI III"), which is managed by Redmile Group, LLC ("Redmile"). RBI III disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that RBI III is the beneficial owner of the reported securities for purposes of Section 16 of the Exchange Act, or for any other purpose.
- F3. These securities were purchased in the IPO by certain private investment vehicles managed by Redmile (collectively, the "Redmile Clients"), and include the number of securities purchased by RBI III in the IPO reported in the line above.
- F4. Redmile may be deemed to beneficially own the reported securities as the investment manager of RBI III and the other Redmile Clients. The reported securities may also be deemed beneficially owned by Jeremy Green as the principal of Redmile. Redmile and Mr. Green disclaim beneficial ownership of the reported securities except to the extent of its and his respective pecuniary interest therein, if any. This report shall not be deemed an admission that Redmile or Mr. Green is the beneficial owner of the securities for purposes of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
Key Terms
Series B Preferred Stock financial
initial public offering financial
beneficial ownership financial
pecuniary interest financial
ten percent owner financial
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