SONSINI PETER W. purchased 33.6% of their position (769.23K shares) of METACRINE, INC. on the open market
Open‑market purchase worth $10.00M — a major conviction buy. The strongest form of insider conviction signal.
P · 1 purchase
Filed: 9/22/2020ACC: 0001209191-20-051534
+769.23K
Net shares
Net buyer
$10.00M
Total acquired
1
Open market trades
1B · 0S
5
Total transactions
3.06M acquired · 2.29M disposed
Non-Derivative Transactions3
Common Stock
Indirect
Shares
+1.96M
Price / share
—
Trade value
—
% of position
New position
9/18/2020
0.00→1.96M
Common Stock
Indirect
Shares
+332.96K
Price / share
—
Trade value
—
% of position
17.0%
9/18/2020
1.96M→2.29M
Common Stock
Indirect
Shares
+769.23K
Price / share
$13.00
Trade value
$10M
% of position
33.6%
9/18/2020
2.29M→3.06M
Total
Net shares
+3.06M
Net value
$10M
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Indirect | 9/18/2020 | C · Conversion | +1.96M | — | — | New position | 0.00 | 1.96M |
| Common Stock Indirect | 9/18/2020 | C · Conversion | +332.96K | — | — | 17.0% | 1.96M | 2.29M |
| Common Stock Indirect | 9/18/2020 | P · Purchase | +769.23K | $13.00 | $10M | 33.6% | 2.29M | 3.06M |
| Total | +3.06M | $10M | ||||||
Derivative Transactions2
Series B Convertible Preferred Stock
Indirect
Converts to
Common Stock
1.96M shares
Shares
−1.96M
Strike price
Held after
0.00
Exercisable
—
9/18/2020
Series C Convertible Preferred Stock
Indirect
Converts to
Common Stock
332.96K shares
Shares
−332.96K
Strike price
Held after
0.00
Exercisable
—
9/18/2020
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Series B Convertible Preferred Stock Indirect | Common Stock1.96M shares | 9/18/2020 | C · Conversion | −1.96M | — | 0.00 | |
| Series C Convertible Preferred Stock Indirect | Common Stock332.96K shares | 9/18/2020 | C · Conversion | −332.96K | — | 0.00 |