CLARUS DEFINED EXIT I, L.P. purchased 23.1% of their position (30K shares) of TOURMALINE BIO, INC. on the open market

Open‑market purchase worth $510.0K — a significant purchase. The strongest form of insider conviction signal.

P · 7 purchases

CLARUS DEFINED EXIT I, L.P.

Filed: 5/13/2021ACC: 0000899243-21-019445

InsiderCLARUS DEFINED EXIT I, L.P.CIK 1615352

→

IssuerTOURMALINE BIO, INC.CIK 1827506

10% Owner

Since May 2021

-35.03M

Net shares

Net seller

$510.0K

Total acquired

Open market trades

7B · 0S

Total transactions

8.09M acquired · 43.12M disposed

Non-Derivative Transactions20

Common Stock

Indirect

C · Conversion

+4.86M

Price / share

—

Trade value

—

% of position

New position

5/11/2021

0.00→4.86M

Common Stock

Indirect

C · Conversion

+690.15K

Price / share

—

Trade value

—

% of position

New position

5/11/2021

0.00→690.15K

Common Stock

Indirect

C · Conversion

+276.06K

Price / share

—

Trade value

—

% of position

New position

5/11/2021

0.00→276.06K

Common Stock

Indirect

C · Conversion

+557.55K

Price / share

—

Trade value

—

% of position

New position

5/11/2021

0.00→557.55K

Common Stock

Indirect

C · Conversion

+363.43K

Price / share

—

Trade value

—

% of position

New position

5/11/2021

0.00→363.43K

Common Stock

Indirect

C · Conversion

+670.35K

Price / share

—

Trade value

—

% of position

New position

5/11/2021

0.00→670.35K

Common Stock

Indirect

C · Conversion

+134.05K

Price / share

—

Trade value

—

% of position

New position

5/11/2021

0.00→134.05K

Common Stock

Indirect

C · Conversion

+130.24K

Price / share

—

Trade value

—

% of position

18.9%

5/11/2021

690.15K→820.39K

Common Stock

Indirect

C · Conversion

+52.09K

Price / share

—

Trade value

—

% of position

18.9%

5/11/2021

276.06K→328.15K

Common Stock

Indirect

C · Conversion

+105.21K

Price / share

—

Trade value

—

% of position

18.9%

5/11/2021

557.55K→662.76K

Common Stock

Indirect

C · Conversion

+68.58K

Price / share

—

Trade value

—

% of position

18.9%

5/11/2021

363.43K→432.01K

Common Stock

Indirect

C · Conversion

+126.50K

Price / share

—

Trade value

—

% of position

18.9%

5/11/2021

670.35K→796.85K

Common Stock

Indirect

C · Conversion

+25.30K

Price / share

—

Trade value

—

% of position

18.9%

5/11/2021

134.05K→159.34K

Common Stock

Indirect

P · Purchase

+15.92K

Price / share

$17.00

Trade value

$270.61K

% of position

0.3%

5/11/2021

4.86M→4.88M

Common Stock

Indirect

P · Purchase

+3.61K

Price / share

$17.00

Trade value

$61.39K

% of position

0.4%

5/11/2021

820.39K→824K

Common Stock

Indirect

P · Purchase

+1.44K

Price / share

$17.00

Trade value

$24.55K

% of position

0.4%

5/11/2021

328.15K→329.60K

Common Stock

Indirect

P · Purchase

+2.92K

Price / share

$17.00

Trade value

$49.59K

% of position

0.4%

5/11/2021

662.76K→665.68K

Common Stock

Indirect

P · Purchase

+1.90K

Price / share

$17.00

Trade value

$32.33K

% of position

0.4%

5/11/2021

432.01K→433.92K

Common Stock

Indirect

P · Purchase

+3.51K

Price / share

$17.00

Trade value

$59.62K

% of position

0.4%

5/11/2021

796.85K→800.35K

Common Stock

Indirect

P · Purchase

+701.00

Price / share

$17.00

Trade value

$11.92K

% of position

0.4%

5/11/2021

159.34K→160.04K

Total

Net shares

+8.09M

Net value

$510K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	5/11/2021	C · Conversion	+4.86M	—	—	New position	0.00	4.86M
Common Stock Indirect	5/11/2021	C · Conversion	+690.15K	—	—	New position	0.00	690.15K
Common Stock Indirect	5/11/2021	C · Conversion	+276.06K	—	—	New position	0.00	276.06K
Common Stock Indirect	5/11/2021	C · Conversion	+557.55K	—	—	New position	0.00	557.55K
Common Stock Indirect	5/11/2021	C · Conversion	+363.43K	—	—	New position	0.00	363.43K
Common Stock Indirect	5/11/2021	C · Conversion	+670.35K	—	—	New position	0.00	670.35K
Common Stock Indirect	5/11/2021	C · Conversion	+134.05K	—	—	New position	0.00	134.05K
Common Stock Indirect	5/11/2021	C · Conversion	+130.24K	—	—	18.9%	690.15K	820.39K
Common Stock Indirect	5/11/2021	C · Conversion	+52.09K	—	—	18.9%	276.06K	328.15K
Common Stock Indirect	5/11/2021	C · Conversion	+105.21K	—	—	18.9%	557.55K	662.76K
Common Stock Indirect	5/11/2021	C · Conversion	+68.58K	—	—	18.9%	363.43K	432.01K
Common Stock Indirect	5/11/2021	C · Conversion	+126.50K	—	—	18.9%	670.35K	796.85K
Common Stock Indirect	5/11/2021	C · Conversion	+25.30K	—	—	18.9%	134.05K	159.34K
Common Stock Indirect	5/11/2021	P · Purchase	+15.92K	$17.00	$270.61K	0.3%	4.86M	4.88M
Common Stock Indirect	5/11/2021	P · Purchase	+3.61K	$17.00	$61.39K	0.4%	820.39K	824K
Common Stock Indirect	5/11/2021	P · Purchase	+1.44K	$17.00	$24.55K	0.4%	328.15K	329.60K
Common Stock Indirect	5/11/2021	P · Purchase	+2.92K	$17.00	$49.59K	0.4%	662.76K	665.68K
Common Stock Indirect	5/11/2021	P · Purchase	+1.90K	$17.00	$32.33K	0.4%	432.01K	433.92K
Common Stock Indirect	5/11/2021	P · Purchase	+3.51K	$17.00	$59.62K	0.4%	796.85K	800.35K
Common Stock Indirect	5/11/2021	P · Purchase	+701.00	$17.00	$11.92K	0.4%	159.34K	160.04K
Total			+8.09M		$510K

Derivative Transactions13

Series A Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

4.86M shares

−26M

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

690.15K shares

−3.69M

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

276.06K shares

−1.48M

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

557.55K shares

−2.98M

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

363.43K shares

−1.94M

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

670.35K shares

−3.59M

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series A-1 Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

134.05K shares

−717.16K

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series B Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

130.24K shares

−696.77K

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series B Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

52.09K shares

−278.71K

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series B Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

105.21K shares

−562.89K

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series B Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

68.58K shares

−366.92K

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series B Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

126.50K shares

−676.77K

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Series B Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

25.30K shares

−135.33K

Strike price

Held after

0.00

Exercisable

—

5/11/2021

Security	Converts To	Date	Type	Shares	Exercisable
Series A Convertible Preferred Stock Indirect	Common Stock4.86M shares	5/11/2021	C · Conversion	−26M	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock690.15K shares	5/11/2021	C · Conversion	−3.69M	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock276.06K shares	5/11/2021	C · Conversion	−1.48M	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock557.55K shares	5/11/2021	C · Conversion	−2.98M	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock363.43K shares	5/11/2021	C · Conversion	−1.94M	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock670.35K shares	5/11/2021	C · Conversion	−3.59M	—
Series A-1 Convertible Preferred Stock Indirect	Common Stock134.05K shares	5/11/2021	C · Conversion	−717.16K	—
Series B Convertible Preferred Stock Indirect	Common Stock130.24K shares	5/11/2021	C · Conversion	−696.77K	—
Series B Convertible Preferred Stock Indirect	Common Stock52.09K shares	5/11/2021	C · Conversion	−278.71K	—
Series B Convertible Preferred Stock Indirect	Common Stock105.21K shares	5/11/2021	C · Conversion	−562.89K	—
Series B Convertible Preferred Stock Indirect	Common Stock68.58K shares	5/11/2021	C · Conversion	−366.92K	—
Series B Convertible Preferred Stock Indirect	Common Stock126.50K shares	5/11/2021	C · Conversion	−676.77K	—
Series B Convertible Preferred Stock Indirect	Common Stock25.30K shares	5/11/2021	C · Conversion	−135.33K	—