Form 4: Erasca Director Reclassifies 6,200 Shares to Family Trust for Estate Planning

Pratik S Multani, a Director at Erasca, Inc., has reclassified 6,200 shares of common stock from direct to indirect ownership via a family trust for estate planning purposes, with no change to his total beneficial ownership.

Summary

• Pratik S Multani, a Director of Erasca, Inc. (ERAS), reported a change in beneficial ownership of common stock.
• On May 23, 2025, Mr. Multani transferred 6,200 shares of Erasca common stock to the Multani Family Trust U/A DTD 08/10/2006.
• This transaction was a gift (G) for no consideration ($0 price) and was made for estate planning purposes.
• Following the transaction, Mr. Multani directly owns 166,666 shares of common stock and indirectly owns 6,200 shares through the family trust.
• The reporting person retains all voting and dispositive power over the securities held by the trust, meaning his total beneficial ownership of Erasca common stock remains unchanged at 172,866 shares (166,666 direct + 6,200 indirect).

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing reports a routine personal estate planning transaction by a director, which has no direct impact on the company's operations or financial performance. It is a reclassification of ownership form, not a sale or purchase.

Positives

• The transaction represents a proactive step in personal estate planning by the director, ensuring orderly management of assets.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the company's future performance or operations.

Management Comments

• The Reporting Person transferred 6,200 shares of common stock to a family trust for no consideration, for estate planning purposes.
• The Reporting Person holds all voting and dispositive power with respect to the securities held by the trust and remains the beneficial owner of such securities.

Industry Context

This Form 4 filing is a routine disclosure of an insider's change in the form of beneficial ownership, common for personal estate planning. It does not reflect any operational or strategic changes for Erasca, Inc. or broader industry trends.

Related Party Transactions

• Pratik S Multani transferred 6,200 shares of common stock to the Multani Family Trust, a related party, for estate planning purposes. Mr. Multani retains beneficial ownership and control over these shares.

Stakeholder Impact

• Shareholders: Minimal to no direct impact as the total beneficial ownership of the director remains unchanged, and the transaction is for personal estate planning, not a market sale or purchase.
• Employees, Customers, Suppliers, Creditors: No discernible impact.

Key Dates

Keywords

Erasca, ERAS, Form 4, Insider Transaction, Stock Transfer, Estate Planning, Director, Beneficial Ownership