Form 4: AyurMaya Capital Management Reports Ownership Changes in Alumis Inc. Following IPO

AyurMaya Capital Management reports changes in beneficial ownership of Alumis Inc. stock following the company's initial public offering, including conversion of preferred stock to common stock.

Summary

• AyurMaya Capital Management Company, LP, along with David E. Goel, reported changes in their beneficial ownership of Alumis Inc. stock on July 1, 2024.
• The changes are related to the conversion of preferred stock into common stock following Alumis Inc.'s initial public offering (IPO).
• AyurMaya Fund holds the securities, with AyurMaya Capital Management Company, LP acting as the investment advisor.
• David E. Goel serves as the managing member of the general partner of the Investment Manager.
• The reported transactions include the conversion of 20,000,000 shares of Series B Redeemable Convertible Preferred Stock into 4,278,074 shares of Common Stock.
• Additionally, 5,336,489 shares of Series B-2 Redeemable Convertible Preferred Stock were converted into 1,141,494 shares of Common Stock, and 12,745,916 shares of Series C Redeemable Convertible Preferred Stock were converted into 2,726,398 shares of Common Stock.
• AyurMaya Capital Management acquired 8,145,966 shares of Common Stock through conversion and an additional 2,500,000 shares at $16 per share.
• Following these transactions, AyurMaya Capital Management beneficially owns 10,645,966 shares of Common Stock.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest.
• Alan Colowick, affiliated with Matrix Capital Management Company LP, serves on the board of directors of Alumis Inc., potentially leading to the Investment Manager being deemed a director by deputization.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing ownership changes following an IPO. The sentiment is neutral to slightly positive as it reflects the completion of a significant corporate event.

Management Comments

• The filing of this statement shall not be deemed an admission that either of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise.
• Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

Industry Context

Form 4 filings are standard practice following significant events like IPOs, providing transparency into ownership changes and insider activity.

Stakeholder Impact

• Shareholders are informed about the ownership structure of the company following the IPO.
• The conversion of preferred stock to common stock impacts the capital structure of the company.

Key Dates