4/A: Surrozen Inc. (SRZN) The Column Group Corrects Beneficial Ownership Reporting After Private Placement

The Column Group III GP, LP and related entities amend their SEC Form 4 filing to correct the reported amount of Surrozen, Inc. (SRZN) common stock beneficially owned following a private placement.

Summary

• The Column Group III GP, LP, The Column Group III-A, LP, and The Column Group III, LP filed an amended Form 4/A with the SEC on April 17, 2024, to correct a previously reported amount of beneficially owned Surrozen, Inc. (SRZN) common stock.
• The correction pertains to a private placement that occurred on April 4, 2024, where The Column Group III, LP purchased 90,897 shares and The Column Group III-A, LP purchased 102,651 shares at $15.50 per unit (including warrants).
• The original Form 4, filed on April 8, 2024, contained an error in the reported amount of beneficially owned securities due to an administrative mistake.
• Following the corrected transaction, The Column Group III, LP beneficially owns 289,549 shares, and The Column Group III-A, LP beneficially owns 326,992 shares.
• The Column Group III GP, LP, as the general partner of both entities, may be deemed to have voting, investment, and dispositive power over these securities, but disclaims beneficial ownership except to the extent of their pecuniary interest.

Sentiment

Score: 6

Explanation: Neutral sentiment as the document primarily involves correcting a reporting error. There are no significant positive or negative implications for the company's fundamentals.

Negatives

• The original Form 4 filing contained an administrative error, requiring an amendment.

Industry Context

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

Comparison to Industry Standards

• The filing is consistent with SEC regulations requiring timely disclosure of insider transactions.
• Similar filings are common among publicly traded companies when significant changes in ownership occur.

Stakeholder Impact

• Corrected information ensures accurate representation of ownership to shareholders.

Key Dates