Form 4: Srinivas Akkaraju Reports Conversion and Reclassification of Alumis Inc. Shares

Srinivas Akkaraju, a director of Alumis Inc., reports the conversion of Series C Preferred Stock to Class A Common Stock and subsequent reclassification to voting Common Stock following the company's IPO.

Summary

• On July 1, 2024, Srinivas Akkaraju, a director at Alumis Inc., filed a Form 4 detailing changes in beneficial ownership.
• The filing reports the automatic conversion of 1,703,998 shares of Series C Preferred Stock into 1,703,998 shares of Class A Common Stock upon the closing of Alumis Inc.'s initial public offering (IPO).
• Each share of Series C Preferred Stock converted on a 4.675-to-one basis into shares of Class A Common Stock.
• Following the conversion, each share of Class A Common Stock was reclassified into one share of voting Common Stock, exempt under Rule 16b-7 and Rule 16b-3.
• The shares are held indirectly by Samsara BioCapital, L.P., with the reporting person sharing voting and investment authority as the managing member of Samsara BioCapital GP, LLC.

Sentiment

Score: 7

Explanation: The document is a routine filing related to an IPO, indicating a neutral to slightly positive sentiment as it reflects a completed corporate action.

Industry Context

Form 4 filings are standard practice for company insiders to report changes in their ownership of company securities, providing transparency to the market.

Stakeholder Impact

• The conversion and reclassification of shares may have a minor impact on shareholders due to the change in share structure.

Key Dates