Form 4: Redmile Group, LLC Reports Pro Rata Distribution of Shattuck Labs, Inc. Shares

Redmile Group, LLC reports a pro rata in-kind distribution of 4,425 shares of Shattuck Labs, Inc. common stock, resulting in a change in beneficial ownership.

Summary

• On March 28, 2024, Redmile Group, LLC distributed 4,425 shares of Shattuck Labs, Inc. common stock.
• The distribution was a pro rata in-kind distribution made by one of Redmile's private investment vehicles.
• Redmile received no consideration for the distribution.
• As a result of the distribution, Redmile no longer has voting or dispositive power over these shares.
• Following the transaction, Redmile is reported to beneficially own 5,615,489 shares indirectly through managed investment vehicles.
• Jeremy Green, as principal of Redmile, may also be deemed to beneficially own these shares.
• Both Redmile and Jeremy Green disclaim beneficial ownership except to the extent of their pecuniary interest.
• Mike Lee, a managing director of Redmile, serves on Shattuck Labs' board as a representative of Redmile and its affiliates, making Redmile and Jeremy Green directors by deputization.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment. It reports a change in share ownership due to a pro rata distribution, which is neither inherently positive nor negative.

Industry Context

This filing reflects changes in beneficial ownership as required by the SEC, which is a routine part of investment management and corporate governance.

Stakeholder Impact

• The pro rata distribution may have a minor impact on shareholders, depending on their individual holdings and investment strategies.
• The distribution does not appear to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates