OrbiMed buys 625K BlossomHill IPO shares at $16
BlossomHill Therapeutics, Inc. (BLSM) reported insider activity by OrbiMed-affiliated entities in connection with its initial public offering on August 10, 2026.
Rhea-AI Filing Summary
BlossomHill Therapeutics, Inc. (BLSM) reported insider activity by OrbiMed-affiliated entities in connection with its initial public offering on August 10, 2026. OrbiMed Private Investments VIII, LP converted 1,039,996 shares of Series A Preferred Stock and 1,049,283 shares of Series B Preferred Stock into an equal number of common shares upon the IPO closing, without payment of consideration. In addition, it purchased 625,000 common shares at 16.0000 per share in the IPO. The reported OrbiMed entities may be deemed to share voting and investment power over these securities through their control relationships and each disclaims beneficial ownership beyond its pecuniary interest.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Preferred Stock F1, F3, F4 | 1,039,996 | $0.00 | $0.00 |
| Conversion | Series B Preferred Stock F1, F3, F4 | 1,049,283 | $0.00 | $0.00 |
| Conversion | Common Stock F1, F3, F4 | 1,039,996 | -- | -- |
| Conversion | Common Stock F1, F3, F4 | 1,049,283 | -- | -- |
| Purchase | Common Stock F2, F3, F4 | 625,000 | $16.00 | $10.00M |
Footnotes (4)
- F1. Each share of Series A Preferred Stock and Series B Preferred Stock (together, the "Preferred Stock") automatically converted into 1 share of the Issuer's Common Stock upon the closing of the Issuer's initial public offering on August 10, 2026 without payment of consideration. The Preferred Stock has no expiration date.
- F2. Reflects shares of the Issuer's Common Stock purchased in the Issuer's initial public offering.
- F3. These securities are held directly by OrbiMed Private Investments VIII, LP ("OPI VIII"). OrbiMed Capital GP VIII LLC ("GP VIII") is the general partner of OPI VIII. OrbiMed Advisors LLC ("OrbiMed Advisors") is the managing member of GP VIII. By virtue of such relationships, GP VIII and OrbiMed Advisors may be deemed to have voting power and investment power over the securities held by OPI VIII and as a result, may be deemed to have beneficial ownership over such securities. OrbiMed Advisors exercises voting and investment power through a management committee comprised of Carl L. Gordon, W. Carter Neild, and Geoffrey C. Hsu, each of whom disclaims beneficial ownership of the shares held by OPI VIII.
- F4. This report on Form 4 is jointly filed by OrbiMed Advisors and GP VIII. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its pecuniary interest therein, if any. The Reporting Persons have designated Carl L. Gordon, a member of OrbiMed Advisors, to serve on the Issuer's board of directors. This report shall not be deemed an admission that any of such entity or person is a beneficial owner of such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.
Key Figures
Key Terms
automatic conversion financial
initial public offering financial
beneficial ownership financial
pecuniary interest financial
FAQ
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What preferred stock of BLSM was converted into common stock in these Form 4 transactions?
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