Redmile Group, LLC's Form 4 filing
ADC Therapeutics SA (ADCT) · filed Feb 9, 2024
- Accession no.
- 0001104659-24-013529
- Filed
- Feb 9, 2024, 9:50 PM ET
- Trade date
- Jan 3-Feb 7, 2024
- Filing delay
- 37 daysLate
- Rule 10b5-1 plan
- Not checked
This filing lists 22 derivative transactions. It was filed 37 days after the trade, past the 2-business-day deadline.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Redmile Group, LLCCIK 0001425738 | 10% Owner |
| Green JeremyCIK 0001650527 | 10% Owner |
| RedCo II Master Fund, L.P.CIK 0001921783 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
This filing has no transactions of this kind.
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Jan 3, 2024 | Common Shares | PPurchaseAcquired | +56,900 | –F7 | – | 56,900 | Direct | |
| Jan 3, 2024 | Common Shares | JOtherDisposed | −59,986 | $1.68F9 | −$100,494.55 | 1,199,836 | Indirect | |
| Jan 4, 2024 | Common Shares | PPurchaseAcquired | +28,652 | –F7 | – | 28,652 | Direct | |
| Jan 5, 2024 | Common Shares | PPurchaseAcquired | +50,000 | –F7 | – | 50,000 | Direct | |
| Jan 8, 2024 | Common Shares | PPurchaseAcquired | +100,000 | –F7 | – | 100,000 | Direct | |
| Jan 9, 2024 | Common Shares | PPurchaseAcquired | +100,000 | –F7 | – | 100,000 | Direct | |
| Jan 10, 2024 | Common Shares | PPurchaseAcquired | +100,000 | –F7 | – | 100,000 | Direct | |
| Jan 11, 2024 | Common Shares | PPurchaseAcquired | +100,000 | –F7 | – | 100,000 | Direct | |
| Jan 12, 2024 | Common Shares | PPurchaseAcquired | +93,424 | –F7 | – | 93,424 | Direct | |
| Jan 16, 2024 | Common Shares | PPurchaseAcquired | +53,900 | –F7 | – | 53,900 | Direct | |
| Jan 24, 2024 | Common Shares | PPurchaseAcquired | +50,000 | –F7 | – | 50,000 | Direct | |
| Jan 25, 2024 | Common Shares | PPurchaseAcquired | +100,000 | –F7 | – | 100,000 | Direct | |
| Jan 26, 2024 | Common Shares | PPurchaseAcquired | +100,000 | –F7 | – | 100,000 | Direct | |
| Jan 29, 2024 | Common Shares | PPurchaseAcquired | +150,000 | –F7 | – | 150,000 | Direct | |
| Jan 30, 2024 | Common Shares | PPurchaseAcquired | +100,000 | –F7 | – | 100,000 | Direct | |
| Jan 31, 2024 | Common Shares | PPurchaseAcquired | +150,000 | –F7 | – | 150,000 | Direct | |
| Feb 1, 2024 | Common Shares | JOtherDisposed | −19,700 | $3.38F9 | −$66,680.56 | 1,180,136 | Indirect | |
| Feb 1, 2024 | Common Shares | PPurchaseAcquired | +205,483 | –F7 | – | 205,483 | Direct | |
| Feb 1, 2024 | Common Shares | PPurchaseAcquired | +15,867 | –F7 | – | 15,867 | Indirect | |
| Feb 2, 2024 | Common Shares | PPurchaseAcquired | +144,517 | –F7 | – | 144,517 | Direct | |
| Feb 2, 2024 | Common Shares | PPurchaseAcquired | +11,159 | –F7 | – | 11,159 | Indirect | |
| Feb 7, 2024 | Common Shares | PPurchaseAcquired | +107,590 | –F7 | – | 107,590 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F7
Upon settlement of the various swap agreements, either (i) the counterparty will pay to the Redmile Clients in cash an amount determined in part by reference to any increase between the reference price and the market value of the notional number of shares of Common Stock subject to the swap agreement or (ii) the Redmile Clients will pay to the counterparty in cash an amount determined in part by reference to any decrease between the reference price and the market value of the notional number of shares of Common Stock subject to the swap agreement.
Referenced by the price of 20 transactions in Table II.
- F9
Reflects the partial settlement of an equity swap agreement entered into by and between a Redmile Client and a securities broker on December 16, 2023.
Referenced by the price of 2 transactions in Table II.
Remarks
The Reporting Persons have notified the Issuer regarding prompt payment of short swing profits resulting from the reported transactions calculated in accordance with Section 16(b) of the Exchange Act.