Freenome insider records business combination share swap
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Form Type
4
Rhea-AI Filing Summary
Freenome, Inc. reported that on July 20, 2026, in connection with the closing of its business combination with Freenome Holdings, Inc., Perceptive Capital Solutions Holdings, an entity whose board includes Michael Altman, converted 2,066,250 Class B Ordinary Shares into 2,066,250 shares of Common Stock. Following this one-for-one share-class conversion, Perceptive Capital Solutions Holdings indirectly held 2,352,500 shares of Common Stock.
Insider Trade Summary
2,066,250 shares exercised/converted
Exercise
2 txns
Insider
ALTMAN MICHAEL SETH
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Ordinary Shares F1, F2 | 2,066,250 | -- | -- |
| Conversion | Common Stock F1, F2 | 2,066,250 | -- | -- |
Holdings After Transaction:
Class B Ordinary Shares — 0 contracts (Indirect, By Perceptive Capital Solutions Holdings);
Common Stock — 2,352,500 shares (Indirect, By Perceptive Capital Solutions Holdings)
Footnotes (2)
- F1. Pursuant to the Business Combination Agreement, dated December 5, 2025 and amended on July 20, 2026 by and among the Issuer, Freenome Holdings, Inc. ("Old Freenome"), StarNet Merger Sub I, Corp., a wholly-owned subsidiary of the Issuer and StarNet Merger Sub II, LLC, a wholly owned subsidiary of the Issuer (the "BCA"), on July 20, 2026 (the "Closing Date"), the Issuer consummated its business combination with Old Freenome (the "Business Combination"). In connection with the closing of Business Combination, the Issuer's Class B Ordinary Shares converted into Class A Ordinary Shares on a one-to-one basis and subsequently converted into shares of Common Stock on a one-to-one basis.
- F2. The securities reported herein are held by Perceptive Capital Solutions Holdings (the "Sponsor"). The Sponsor is governed by a board of directors consisting of two directors, Adam Stone and Michael Altman. As such, Messrs. Stone and Altman have voting and investment discretion with respect to the securities held of record by the Sponsor and may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor.
Key Figures
Class B shares converted: 2,066,250 shares
Common Stock received: 2,066,250 shares
Common Stock held after conversion: 2,352,500 shares
+1 more
4 metrics
Class B shares converted
2,066,250 shares
Class B Ordinary Shares converted into Common Stock on July 20, 2026
Common Stock received
2,066,250 shares
Shares of Common Stock issued in exchange for Class B Ordinary Shares
Common Stock held after conversion
2,352,500 shares
Indirect holdings by Perceptive Capital Solutions Holdings following July 20, 2026 conversion
Business Combination closing date
July 20, 2026
Closing Date of business combination with Freenome Holdings, Inc.
Key Terms
Business Combination Agreement, Class B Ordinary Shares, beneficial ownership
3 terms
Business Combination Agreement regulatory
"Pursuant to the Business Combination Agreement, dated December 5, 2025 and amended on July 20, 2026"
A business combination agreement is a detailed contract that lays out the terms for two companies to join together—covering price, how ownership will be split, the steps needed to close the deal, and what each side promises to do or avoid before closing. For investors it matters because the agreement determines potential changes in value, control, timing, and risk exposure—think of it like the playbook for a merger that shows who wins, who pays, and what could still derail the plan.
beneficial ownership financial
"may be deemed to have shared beneficial ownership of the securities held directly by the Sponsor"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What transaction did Michael Altman report for PCSC in this Form 4?
Michael Altman reported a share-class conversion for Freenome, Inc. On July 20, 2026, 2,066,250 Class B Ordinary Shares held indirectly were converted into 2,066,250 shares of Common Stock in connection with a business combination closing.
What is Michael Altman’s indirect ownership in PCSC after the conversion?
After the conversion, an entity associated with Michael Altman indirectly held 2,352,500 shares of Common Stock. These shares are owned by Perceptive Capital Solutions Holdings, over which its board, including Altman, has voting and investment discretion.
Was the Form 4 transaction for PCSC a market buy or sell?
No market buy or sell was reported; it was a conversion of derivative securities. Class B Ordinary Shares were converted into Common Stock on a one-to-one basis, reflecting a change in share class rather than an open-market purchase or sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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