EIKN Form 4 reports multiple insider transactions
Foresite Capital Management IV, LLC reported multiple insider transaction types in a Form 4 filing for EIKN.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Foresite Capital Management IV, LLC reported multiple insider transaction types in a Form 4 filing for EIKN. The filing lists transactions totaling 34,239,351 shares at a weighted average price of $18.00 per share. Following the reported transactions, holdings were 1,943,682 shares.
Insider Trade Summary
Net Buyer: 55,555 shares
Net Buy
31 txns
Insider
Foresite Capital Management IV, LLC, Foresite Capital Fund IV, L.P., Foresite Capital Management V, LLC, Foresite Capital Fund V, L.P., Foresite Capital Opportunity Management V, LLC, Foresite Capital Opportunity Fund V, L.P., Foresite Capital VI-A Management, LLC, Foresite Capital VI-A, LLC
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
55,555 shs ($1000K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series A Preferred Stock | 10,000,000 | $0.00 | $0.00 |
| Conversion | Series A-1 Preferred Stock | 2,502,252 | $0.00 | $0.00 |
| Conversion | Series A-1 Preferred Stock | 5,204,684 | $0.00 | $0.00 |
| Conversion | Series A-1 Preferred Stock | 2,602,342 | $0.00 | $0.00 |
| Conversion | Series B-1 Preferred Stock | 282,317 | $0.00 | $0.00 |
| Conversion | Series B-1 Preferred Stock | 282,317 | $0.00 | $0.00 |
| Conversion | Series B-1 Preferred Stock | 282,317 | $0.00 | $0.00 |
| Conversion | Series B-1 Preferred Stock | 3,048,192 | $0.00 | $0.00 |
| Conversion | Series C Preferred Stock | 12,123 | $0.00 | $0.00 |
| Conversion | Series C Preferred Stock | 6,878 | $0.00 | $0.00 |
| Conversion | Series C-1 Preferred Stock | 501,219 | $0.00 | $0.00 |
| Conversion | Series C-1 Preferred Stock | 284,392 | $0.00 | $0.00 |
| Conversion | Series D Preferred Stock | 1,711,025 | $0.00 | $0.00 |
| Conversion | Series D Preferred Stock | 3,422,051 | $0.00 | $0.00 |
| Conversion | Common Stock | 1,340,878 | $0.00 | $0.00 |
| Conversion | Common Stock | 335,521 | $0.00 | $0.00 |
| Conversion | Common Stock | 37,855 | $0.00 | $0.00 |
| Conversion | Common Stock | 229,428 | $0.00 | $0.00 |
| Conversion | Common Stock | 697,885 | $0.00 | $0.00 |
| Conversion | Common Stock | 37,855 | $0.00 | $0.00 |
| Conversion | Common Stock | 1,626 | $0.00 | $0.00 |
| Conversion | Common Stock | 67,207 | $0.00 | $0.00 |
| Conversion | Common Stock | 458,855 | $0.00 | $0.00 |
| Conversion | Common Stock | 348,942 | $0.00 | $0.00 |
| Conversion | Common Stock | 37,855 | $0.00 | $0.00 |
| Conversion | Common Stock | 922 | $0.00 | $0.00 |
| Conversion | Common Stock | 38,133 | $0.00 | $0.00 |
| Conversion | Common Stock | 408,725 | $0.00 | $0.00 |
| Purchase | Common Stock | 55,555 | $18.00 | $1000K |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
Holdings After Transaction:
Series A Preferred Stock — 0 contracts (Indirect, See Footnote);
Series A-1 Preferred Stock — 0 contracts (Indirect, See Footnote);
Series B-1 Preferred Stock — 0 contracts (Indirect, See Footnote);
Series C Preferred Stock — 0 contracts (Indirect, See Footnote);
Series C-1 Preferred Stock — 0 contracts (Indirect, See Footnote);
Series D Preferred Stock — 0 contracts (Indirect, See Footnote);
Common Stock — 1,318,983 shares (Indirect, See Footnote);
Warrants — 51,277 contracts (Indirect, See Footnote)
Footnotes (5)
- F1. Immediately prior to the closing of the Issuer's initial public offering of its Common Stock, each share of Series A Preferred Stock, Series A-1 Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock, Series C-1 Preferred Stock and Series D Preferred Stock automatically converted into approximately 0.1340878 shares of Common Stock and has no expiration date.
- F2. The shares are held of record by Foresite Capital Fund IV, L.P. ("Fund IV"). Foresite Capital Management IV, LLC ("FCM IV") is the general partner of Fund IV and may be deemed to have sole voting and dispositive power over such shares. James B. Tananbaum ("Tananbaum"), the managing member of FCM IV, may be deemed to have sole voting and dispositive power over such shares. Each of the Reporting Persons disclaims the existence of a "group", as defined in Rule 13d-5 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, other than Fund IV, disclaims beneficial ownership of the shares held by Fund IV, except to the extent of such person's pecuniary interest in such securities.
- F3. The shares are held of record by Foresite Capital Fund V, L.P. ("Fund V"). Foresite Capital Management V, LLC ("FCM V") is the general partner of Fund V and may be deemed to have sole voting and dispositive power over such shares. James B. Tananbaum ("Tananbaum"), the managing member of FCM V, may be deemed to have sole voting and dispositive power over such shares. Each of the Reporting Persons disclaims the existence of a "group", as defined in Rule 13d-5 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and, other than Fund V, disclaims beneficial ownership of the shares held by Fund V, except to the extent of such person's pecuniary interest in such securities.
- F4. The shares are held of record by Foresite Capital Opportunity Fund V, L.P. ("Opportunity Fund V"). Foresite Capital Opportunity Management V, LLC ("FCOM V") is the general partner of Opportunity Fund V and may be deemed to have sole voting and dispositive power over such shares. Tananbaum, the managing member of FCOM V, may be deemed to have sole voting and dispositive power over such shares. Each of the Reporting Persons disclaims the existence of a "group", as defined in Rule 13d-5 of the Exchange Act, and, other than Opportunity Fund V, disclaims beneficial ownership of the shares held by Opportunity Fund V, except to the extent of such person's pecuniary interest in such securities.
- F5. The shares are held of record by Foresite Capital VI-A, LLC ("Fund VI-A"). Foresite Capital VI-A Management, LLC ("FC VI-A Management") is the general partner of Fund VI-A and may be deemed to have sole voting and dispositive power over such shares. Tananbaum, the managing member of FC VI-A Management, may be deemed to have sole voting and dispositive power over such shares. Each of the Reporting Persons disclaims the existence of a "group", as defined in Rule 13d-5 of the Exchange Act, and, other than Fund VI-A, disclaims beneficial ownership of the shares held by Fund VI-A, except to the extent of such person's pecuniary interest in such securities.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did the Foresite Capital entities report in this EIKN Form 4 filing?
They reported large automatic conversions of Eikon preferred stock into common shares at $0.00 per share, tied to Eikon’s IPO, plus an additional open-market purchase of 55,555 common shares at $18 per share, all held indirectly through affiliated investment funds.
Did Foresite Capital buy or sell any EIKN common stock in the market?
The filing reports an affiliated fund buying 55,555 Eikon common shares at $18 per share in an open-market or private transaction. The Form 4 does not list any sales of Eikon common stock; other reported changes come from preferred-to-common conversions.
How do the footnotes in the EIKN Form 4 affect ownership interpretation?
Footnotes explain that the shares are legally held by specific Foresite funds, with related LLCs and James B. Tananbaum potentially deemed to have voting and dispositive power. Each reporting person, other than the named fund, disclaims beneficial ownership beyond their pecuniary interest in those securities.
What types of Eikon securities besides common stock do the Foresite entities report?
They report warrants to purchase Eikon common stock, with 17,092 and 34,185 underlying common shares, exercisable at $43.59 per share between February 14, 2025 and February 14, 2030. These warrant positions are reported as indirectly owned, consistent with the fund structure described in the footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
