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Design Therapeutics, Inc. — Director's Dealing 2021
Apr 2, 2021
33059_dirs_2021-04-01_aea77e8f-085b-40b5-95e7-fd76356306bf.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Design Therapeutics, Inc. (DSGN)
CIK: 0001807120
Period of Report: 2021-03-30
Reporting Person: Xu Stella (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-03-30 | Common Stock | C | 4439839 | — | Acquired | 4439839 | Indirect |
| 2021-03-30 | Common Stock | C | 280991 | — | Acquired | 4720830 | Indirect |
| 2021-03-30 | Common Stock | P | 10000 | $20.00 | Acquired | 4730830 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-03-30 | Series A Preferred Stock | $ | C | 7236938 | Disposed | Common Stock (4439839) | Indirect | |
| 2021-03-30 | Series B Preferred Stock | $ | C | 458016 | Disposed | Common Stock (280991) | Indirect |
Footnotes
F1: All outstanding shares of Preferred Stock automatically converted into shares of Common Stock immediately upon the closing of the Issuer's initial public offering, for no additional consideration at a rate of one share of Common Stock for each 1.63 shares of Preferred Stock, based on the conversion price currently in effect. The Preferred Stock has no expiration date.
F2: The general partner of Quan Venture Fund II, L.P. is Quan Venture Partners II, L.L.C. Stella Xu is a managing director of Quan Venture Partners II, L.L.C. and shares the ultimate power to vote or dispose of the shares held by Quan Venture Fund II, L.P. Dr. Xu disclaims beneficial ownership of the shares held by Quan Venture Fund II, L.P., except to the extent of her pecuniary interest.
F3: The shares were purchased in the Issuer's initial public offering.