POLARIS MANAGEMENT CO. VII, L.L.C. purchased 230K shares of METACRINE, INC. on the open market

Open‑market purchase worth $2.99M. The strongest form of insider conviction signal.

P · 2 purchases

POLARIS MANAGEMENT CO. VII, L.L.C.

Filed: 9/22/2020ACC: 0001209191-20-051505

InsiderPOLARIS MANAGEMENT CO. VII, L.L.C.CIK 1678203

→

IssuerMETACRINE, INC.CIK 1634379

10% Owner

Since Sep 2020

+230K

Net shares

Net buyer

$2.99M

Total acquired

Open market trades

2B · 0S

Total transactions

2.89M acquired · 2.66M disposed

Non-Derivative Transactions8

Common Stock

Indirect

P · Purchase

+214.96K

Price / share

$13.00

Trade value

$2.79M

% of position

New position

9/18/2020

0.00→214.96K

Common Stock

Indirect

P · Purchase

+15.04K

Price / share

$13.00

Trade value

$195.49K

% of position

New position

9/18/2020

0.00→15.04K

Common Stock

Indirect

C · Conversion

+1.83M

Price / share

—

Trade value

—

% of position

852.5%

9/18/2020

214.96K→2.05M

Common Stock

Indirect

C · Conversion

+128.20K

Price / share

—

Trade value

—

% of position

852.5%

9/18/2020

15.04K→143.24K

Common Stock

Indirect

C · Conversion

+451.67K

Price / share

—

Trade value

—

% of position

22.1%

9/18/2020

2.05M→2.50M

Common Stock

Indirect

C · Conversion

+20.59K

Price / share

—

Trade value

—

% of position

14.4%

9/18/2020

143.24K→163.82K

Common Stock

Indirect

C · Conversion

+216.11K

Price / share

—

Trade value

—

% of position

8.6%

9/18/2020

2.50M→2.72M

Common Stock

Indirect

C · Conversion

+15.12K

Price / share

—

Trade value

—

% of position

9.2%

9/18/2020

163.82K→178.94K

Total

Net shares

+2.89M

Net value

$2.99M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	9/18/2020	P · Purchase	+214.96K	$13.00	$2.79M	New position	0.00	214.96K
Common Stock Indirect	9/18/2020	P · Purchase	+15.04K	$13.00	$195.49K	New position	0.00	15.04K
Common Stock Indirect	9/18/2020	C · Conversion	+1.83M	—	—	852.5%	214.96K	2.05M
Common Stock Indirect	9/18/2020	C · Conversion	+128.20K	—	—	852.5%	15.04K	143.24K
Common Stock Indirect	9/18/2020	C · Conversion	+451.67K	—	—	22.1%	2.05M	2.50M
Common Stock Indirect	9/18/2020	C · Conversion	+20.59K	—	—	14.4%	143.24K	163.82K
Common Stock Indirect	9/18/2020	C · Conversion	+216.11K	—	—	8.6%	2.50M	2.72M
Common Stock Indirect	9/18/2020	C · Conversion	+15.12K	—	—	9.2%	163.82K	178.94K
Total			+2.89M		$2.99M

Derivative Transactions6

Series A Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

1.83M shares

−1.83M

Strike price

Held after

0.00

Exercisable

—

9/18/2020

Series A Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

128.20K shares

−128.20K

Strike price

Held after

0.00

Exercisable

—

9/18/2020

Series B Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

451.67K shares

−451.67K

Strike price

Held after

0.00

Exercisable

—

9/18/2020

Series B Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

20.59K shares

−20.59K

Strike price

Held after

0.00

Exercisable

—

9/18/2020

Series C Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

216.11K shares

−216.11K

Strike price

Held after

0.00

Exercisable

—

9/18/2020

Series C Convertible Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

15.12K shares

−15.12K

Strike price

Held after

0.00

Exercisable

—

9/18/2020

Security	Converts To	Date	Type	Shares	Exercisable
Series A Convertible Preferred Stock Indirect	Common Stock1.83M shares	9/18/2020	C · Conversion	−1.83M	—
Series A Convertible Preferred Stock Indirect	Common Stock128.20K shares	9/18/2020	C · Conversion	−128.20K	—
Series B Convertible Preferred Stock Indirect	Common Stock451.67K shares	9/18/2020	C · Conversion	−451.67K	—
Series B Convertible Preferred Stock Indirect	Common Stock20.59K shares	9/18/2020	C · Conversion	−20.59K	—
Series C Convertible Preferred Stock Indirect	Common Stock216.11K shares	9/18/2020	C · Conversion	−216.11K	—
Series C Convertible Preferred Stock Indirect	Common Stock15.12K shares	9/18/2020	C · Conversion	−15.12K	—