AVALON VENTURES X, L.P. purchased 48.0% of their position (545.46K shares) of SYNTHORX, INC. on the open market

Open‑market purchase worth $6.00M — a major conviction buy. The strongest form of insider conviction signal.

P · 1 purchase

AVALON VENTURES X, L.P.

Filed: 12/13/2018ACC: 0001209191-18-062515

InsiderAVALON VENTURES X, L.P.CIK 1557058

→

IssuerSYNTHORX, INC.CIK 1609727

10% Owner

Since Dec 2018

-2.89M

Net shares

Net seller

$6.00M

Total acquired

Open market trades

1B · 0S

Total transactions

6.24M acquired · 9.13M disposed

Non-Derivative Transactions5

Common Stock

Direct

C · Conversion

+1.28M

Price / share

—

Trade value

—

% of position

684.5%

12/11/2018

187.24K→1.47M

Common Stock

Direct

C · Conversion

+762.62K

Price / share

—

Trade value

—

% of position

51.9%

12/11/2018

1.47M→2.23M

Common Stock

Direct

C · Conversion

+2.52M

Price / share

—

Trade value

—

% of position

112.8%

12/11/2018

2.23M→4.75M

Common Stock

Indirect

C · Conversion

+1.14M

Price / share

—

Trade value

—

% of position

New position

12/11/2018

0.00→1.14M

Common Stock

Indirect

P · Purchase

+545.46K

Price / share

$11.00

Trade value

$6M

% of position

48.0%

12/11/2018

1.14M→1.68M

Total

Net shares

+6.24M

Net value

$6M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	12/11/2018	C · Conversion	+1.28M	—	—	684.5%	187.24K	1.47M
Common Stock Direct	12/11/2018	C · Conversion	+762.62K	—	—	51.9%	1.47M	2.23M
Common Stock Direct	12/11/2018	C · Conversion	+2.52M	—	—	112.8%	2.23M	4.75M
Common Stock Indirect	12/11/2018	C · Conversion	+1.14M	—	—	New position	0.00	1.14M
Common Stock Indirect	12/11/2018	P · Purchase	+545.46K	$11.00	$6M	48.0%	1.14M	1.68M
Total			+6.24M		$6M

Derivative Transactions4

Series A Preferred Stock

Direct

C · Conversion

Converts to

Common Stock

1.28M shares

−2.05M

Strike price

Held after

0.00

Exercisable

—

12/11/2018

Series B Preferred Stock

Direct

C · Conversion

Converts to

Common Stock

762.62K shares

−1.22M

Strike price

Held after

0.00

Exercisable

—

12/11/2018

Series C Preferred Stock

Direct

C · Conversion

Converts to

Common Stock

2.52M shares

−4.03M

Strike price

Held after

0.00

Exercisable

—

12/11/2018

Series C Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

1.14M shares

−1.82M

Strike price

Held after

0.00

Exercisable

—

12/11/2018

Security	Converts To	Date	Type	Shares	Exercisable
Series A Preferred Stock Direct	Common Stock1.28M shares	12/11/2018	C · Conversion	−2.05M	—
Series B Preferred Stock Direct	Common Stock762.62K shares	12/11/2018	C · Conversion	−1.22M	—
Series C Preferred Stock Direct	Common Stock2.52M shares	12/11/2018	C · Conversion	−4.03M	—
Series C Preferred Stock Indirect	Common Stock1.14M shares	12/11/2018	C · Conversion	−1.82M	—