Form 4: Camp4 Therapeutics Corp: 5AM Partners VI, LLC Reports Beneficial Ownership Changes Following Preferred Stock Conversion

5AM Partners VI, LLC and related entities report changes in beneficial ownership of Camp4 Therapeutics Corp. stock due to the conversion of preferred stock into common stock upon the company's IPO.

Summary

• 5AM Partners VI, LLC, along with affiliated entities, filed a Form 4 detailing changes in beneficial ownership of Camp4 Therapeutics Corp. (CAMP) common stock.
• The changes result from the conversion of Series A Prime Preferred Stock and Series B Preferred Stock into common stock on October 15, 2024, at a conversion rate of 11.2158-for-one.
• The conversion occurred in connection with Camp4 Therapeutics' initial public offering (IPO).
• 5AM Ventures VI, L.P. now indirectly holds 2,625,145 shares of common stock.
• 5AM Opportunities II, L.P. now indirectly holds 302,770 shares of common stock.
• Kush Parmar, as Managing Member of several 5AM entities, signed the report.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing related to an IPO. The sentiment is neutral to slightly positive as it reflects the completion of a significant corporate event (the IPO) and continued investment by major shareholders.

Positives

• The conversion of preferred stock to common stock simplifies the capital structure of Camp4 Therapeutics following its IPO.
• The filing indicates continued significant ownership by 5AM Ventures and related entities, suggesting ongoing confidence in the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders and major shareholders, providing transparency to the market.

Stakeholder Impact

• Shareholders are informed about the changes in ownership structure following the IPO.
• The filing provides transparency regarding the holdings of major investors.

Key Dates