Synlogic holder amends 2.64M-share warrant
Synlogic, Inc. reported that New Enterprise Associates 14, L.P. and related reporting persons amended an existing warrant on Synlogic common stock.
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Form Type
4
Rhea-AI Filing Summary
Synlogic, Inc. reported that New Enterprise Associates 14, L.P. and related reporting persons amended an existing warrant on Synlogic common stock. An outstanding warrant for 2,640,845 shares with a $3.408 exercise price was canceled and replaced with a new warrant for the same number of shares at a $0.70 exercise price, expiring on October 3, 2028. The warrant remains immediately exercisable but is subject to a 4.99% (or, at NEA 14’s election, 9.99%) beneficial ownership limitation, adjustable by NEA 14 with 61 days’ prior notice.
Insider Trade Summary
Net Buyer: 2,640,845 shares
Net Buy
2 txns
Insider
New Enterprise Associates 14, L.P., NEA Partners 14, L.P., NEA 14 GP, LTD, Florence Anthony A. Jr., SANDELL SCOTT D, Makhzoumi Mohamad
Role
Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director, 10% Owner
Bought
2,640,845 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Derivative Expiration/Cancellation | Warrants (Right to Buy) F2, F1, F3 | 2,640,845 | -- | -- |
| Purchase | Warrants (Right to Buy) F2, F1, F3 | 2,640,845 | -- | -- |
Holdings After Transaction:
Warrants (Right to Buy) — 2,640,845 contracts (Direct)
Footnotes (3)
- F1. The warrants were immediately exercisable; provided, however, that the warrants carry a limitation on exercise preventing exercise if such exercise results in New Enterprise Associates 14, L.P. ("NEA 14") beneficially owning in excess of 4.99% (or, at the election of NEA 14, 9.99%) of the number of shares of the Issuer's Common Stock, which percentage can be increased or decreased at the option of NEA 14 upon 61 days' prior notice.
- F2. The two transactions reported in Table II above involved the amendment of an outstanding warrant to reduce the exercise price from $3.408 a share to $0.70 a share. The amendment is reported above as the cancellation of the old warrant and the acquisition of a new one.
- F3. The securities are directly held by NEA 14 and are indirectly held by NEA Partners 14, L.P. ("NEA Partners 14"), the sole general partner of NEA 14, NEA 14 GP, LTD ("NEA 14 LTD"), the sole general partner of NEA Partners 14, and the members of the Executive Committee (the "Executive Committee") of NEA Management Company, LLC (NEA Partners 14, NEA 14 LTD and the members of the Executive Committee together, the "Indirect Reporting Persons"). The members of the Executive Committee are Anthony A. Florence, Jr., Mohamad H. Makhzoumi, and Scott D. Sandell. The Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 14 in which the Indirect Reporting Persons have no pecuniary interest.
Key Figures
Warrant shares amended: 2,640,845 shares
Old exercise price: $3.408 per share
New exercise price: $0.70 per share
+2 more
5 metrics
Warrant shares amended
2,640,845 shares
Underlying common shares for both canceled and new warrants
Old exercise price
$3.408 per share
Exercise price of canceled warrant on 2,640,845 shares
New exercise price
$0.70 per share
Exercise price of newly acquired warrant on 2,640,845 shares
Beneficial ownership cap
4.99% or 9.99%
Maximum ownership allowed upon exercise, at NEA 14’s election
Warrant expiration
October 3, 2028
Expiration date for both canceled and new warrants
Key Terms
beneficial ownership, warrants, exercise price, Executive Committee
4 terms
beneficial ownership regulatory
"preventing exercise if such exercise results in NEA 14 beneficially owning in excess of 4.99%"
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.
warrants financial
"The two transactions reported in Table II above involved the amendment of an outstanding warrant"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
exercise price financial
"amendment of an outstanding warrant to reduce the exercise price from $3.408 a share to $0.70 a share"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Executive Committee regulatory
"The members of the Executive Committee are Anthony A. Florence, Jr., Mohamad H. Makhzoumi, and Scott D. Sandell."
An executive committee is a small group of top leaders within an organization responsible for making important decisions and setting strategic direction. Think of it as the company's steering team, guiding the overall course and ensuring management actions align with long-term goals. For investors, understanding the executive committee helps gauge how decisions are made at the highest level and how leadership might influence the company's future performance.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Synlogic (SYBX) insider New Enterprise Associates 14, L.P. change in this Form 4?
New Enterprise Associates 14, L.P. amended a warrant on Synlogic common stock, canceling a warrant for 2,640,845 shares at $3.408 and acquiring a new warrant for the same number of shares at a reduced exercise price of $0.70, expiring October 3, 2028.
What is the new exercise price for the Synlogic (SYBX) warrant reported in this Form 4?
The new warrant has an exercise price of $0.70 per share. It replaces a prior warrant with a $3.408 exercise price, with both warrants covering 2,640,845 underlying shares of Synlogic common stock and sharing an expiration date of October 3, 2028.
What beneficial ownership limits apply to the Synlogic (SYBX) warrant held by NEA 14?
The warrant is immediately exercisable but subject to a 4.99% beneficial ownership cap, or 9.99% at NEA 14’s election. NEA 14 can increase or decrease this percentage by providing 61 days’ prior notice, limiting how many shares can be acquired at once.
Were the Synlogic (SYBX) warrant transactions made under a Rule 10b5-1 trading plan?
The filing indicates the transactions were not made pursuant to a Rule 10b5-1 trading plan. The document-level 10b5-1 checkbox is not affirmatively marked, and no footnote describes these transactions as executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
