Mineralys (NASDAQ: MLYS) details RA Capital-linked RSU and option grants
Rhea-AI Filing Summary
RA CAPITAL MANAGEMENT, L.P. reported acquisition or exercise transactions in this Form 4 filing.
Mineralys Therapeutics, Inc. reported an insider equity award arrangement involving RA Capital–affiliated entities. A partner of RA Capital Management serving on Mineralys’ board received 6,200 restricted stock units and a stock option for 8,300 shares of common stock, both granted for no additional cash consideration.
The RSUs vest in one annual installment after the grant date, while the option vests in 12 substantially equal monthly installments. According to the disclosures, these awards are held for the benefit of RA Capital Healthcare Fund and RA Capital Nexus Fund III, with any shares or cash received offsetting advisory fees owed to RA Capital Management. The reporting persons disclaim beneficial ownership of the option and underlying common stock except to the extent of their pecuniary interest. Indirect holdings also include 5,456,521 shares of common stock held directly by the fund and 1,867,229 shares held directly by Nexus Fund III.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 8,300 | $0.00 | -- |
| Grant/Award | Common Stock | 6,200 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Restricted Stock Units (RSUs) are granted to Dr. Derek DiRocco for no additional cash consideration, each of which represents a contingent right to receive one share of common stock upon vesting of these RSUs in one annual installment following the date of grant. RA Capital Management, L.P. (the "Adviser") is the investment manager for RA Capital Healthcare Fund, L.P. (the "Fund") and RA Capital Nexus III Fund, L.P. (the "Nexus Fund III"). The general partner of the Adviser is RA Capital Management GP, LLC (the "Adviser GP"), of which Dr. Peter Kolchinsky and Mr. Rajeev Shah are the managing members. The Adviser, the Adviser GP, the Fund, the Nexus Fund III, Dr. Kolchinsky and Mr. Shah disclaim beneficial ownership of any of the reported securities, except to the extent of their pecuniary interest therein. Derek DiRocco is a Partner of the Adviser who serves on the Issuer's board of directors. Under Dr. DiRocco's arrangement with the Adviser, Dr. DiRocco holds the RSUs and the options for the benefit of the Fund and the Nexus Fund III. Dr. DiRocco is obligated to turn over to the Adviser any net cash or stock received upon settlement of the RSUs or exercise of the options, as applicable, which will offset advisory fees owed by the Fund and the Nexus Fund III to the Adviser. The Reporting Persons therefore disclaim beneficial ownership of the option and underlying common stock. Held directly by the Fund. Held directly by Nexus Fund III. The stock option vests in 12 substantially equal monthly installments following the date of grant.
