POLARIS PARTNERS GP VIII, L.L.C. purchased 48.5% of their position (36.11K shares) of PANDION THERAPEUTICS, INC. on the open market

Open‑market purchase worth $650.0K — a major conviction buy. The strongest form of insider conviction signal.

P · 2 purchases

POLARIS PARTNERS GP VIII, L.L.C.

Filed: 7/21/2020ACC: 0000899243-20-019899

InsiderPOLARIS PARTNERS GP VIII, L.L.C.CIK 1818137

→

IssuerPANDION THERAPEUTICS, INC.CIK 1807901

10% Owner

Since Jul 2020

-12.94M

Net shares

Net seller

$650.0K

Total acquired

Open market trades

2B · 0S

Total transactions

3.20M acquired · 16.14M disposed

Non-Derivative Transactions6

Common Stock

Indirect

C · Conversion

+2.78M

Price / share

—

Trade value

—

% of position

New position

7/21/2020

0.00→2.78M

Common Stock

Indirect

C · Conversion

+272.05K

Price / share

—

Trade value

—

% of position

9.8%

7/21/2020

2.78M→3.06M

Common Stock

Indirect

C · Conversion

+99.64K

Price / share

—

Trade value

—

% of position

New position

7/21/2020

0.00→99.64K

Common Stock

Indirect

C · Conversion

+9.74K

Price / share

—

Trade value

—

% of position

9.8%

7/21/2020

99.64K→109.37K

Common Stock

Indirect

P · Purchase

+34.86K

Price / share

$18.00

Trade value

$627.53K

% of position

1.1%

7/21/2020

3.06M→3.09M

Common Stock

Indirect

P · Purchase

+1.25K

Price / share

$18.00

Trade value

$22.46K

% of position

1.1%

7/21/2020

109.37K→110.62K

Total

Net shares

+3.20M

Net value

$650K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	7/21/2020	C · Conversion	+2.78M	—	—	New position	0.00	2.78M
Common Stock Indirect	7/21/2020	C · Conversion	+272.05K	—	—	9.8%	2.78M	3.06M
Common Stock Indirect	7/21/2020	C · Conversion	+99.64K	—	—	New position	0.00	99.64K
Common Stock Indirect	7/21/2020	C · Conversion	+9.74K	—	—	9.8%	99.64K	109.37K
Common Stock Indirect	7/21/2020	P · Purchase	+34.86K	$18.00	$627.53K	1.1%	3.06M	3.09M
Common Stock Indirect	7/21/2020	P · Purchase	+1.25K	$18.00	$22.46K	1.1%	109.37K	110.62K
Total			+3.20M		$650K

Derivative Transactions4

Series A Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

2.78M shares

−14.20M

Strike price

Held after

0.00

Exercisable

—

7/21/2020

Series A Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

99.64K shares

−508.09K

Strike price

Held after

0.00

Exercisable

—

7/21/2020

Series B Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

272.05K shares

−1.39M

Strike price

Held after

0.00

Exercisable

—

7/21/2020

Series B Preferred Stock

Indirect

C · Conversion

Converts to

Common Stock

9.74K shares

−49.65K

Strike price

Held after

0.00

Exercisable

—

7/21/2020

Security	Converts To	Date	Type	Shares	Exercisable
Series A Preferred Stock Indirect	Common Stock2.78M shares	7/21/2020	C · Conversion	−14.20M	—
Series A Preferred Stock Indirect	Common Stock99.64K shares	7/21/2020	C · Conversion	−508.09K	—
Series B Preferred Stock Indirect	Common Stock272.05K shares	7/21/2020	C · Conversion	−1.39M	—
Series B Preferred Stock Indirect	Common Stock9.74K shares	7/21/2020	C · Conversion	−49.65K	—