Redmile Group, LLC's Form 4 filing
ADC Therapeutics SA (ADCT) · filed Dec 6, 2024
- Accession no.
- 0001104659-24-126422
- Filed
- Dec 6, 2024, 9:00 PM ET
- Trade date
- Dec 4, 2024
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Not checked
This filing lists 4 non-derivative transactions and 3 derivative transactions. Open-market sales total $52.5K. It was filed 2 days after the trade.
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.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Dec 4, 2024 | Common Shares, par value CHF 0.08 per share | SSaleDisposed | −25,352 | $2.07 | −$52,478.64 | 15,566,731 | Indirect | |
| Dec 4, 2024 | Common Shares, par value CHF 0.08 per share | JOtherDisposed | −50,672 | $2.07 | −$104,891.04 | 15,516,059 | Indirect | |
| Dec 4, 2024 | Common Shares, par value CHF 0.08 per share | JOtherAcquired | +50,672 | $2.07 | +$104,891.04 | 15,566,731 | Indirect | |
| Dec 4, 2024 | Common Shares, par value CHF 0.08 per share | JOtherAcquired | +50,672 | $2.07 | +$104,891.04 | 13,045,712 | Direct |
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 |
|---|---|---|---|---|---|---|---|---|
| Dec 4, 2024 | Common Shares | JOtherDisposed | −26,656 | $2.07F1 | −$55,177.92 | 8,136,609 | Indirect | |
| Dec 4, 2024 | Common Shares | JOtherAcquired | +26,656 | $2.07F1 | +$55,177.92 | 8,163,265 | Indirect | |
| Dec 4, 2024 | Common Shares | JOtherAcquired | +26,656 | $2.07F1 | +$55,177.92 | 6,133,837 | 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.
- F1
On December 4, 2024, certain private investment vehicles managed by Redmile Group, LLC ("Redmile"), including RedCo II Master Fund, L.P. ("RedCo II" and collectively with the other private investment vehicles managed by Redmile, the "Redmile Clients"), engaged in cross trades with respect to 50,672 Common Shares and 26,656 pre-funded warrants to purchase Common Shares (the "Pre-Funded Warrants"). A Redmile Client also sold an additional 25,352 Common Shares concurrently with the cross trades at the same price. The reported transactions occurred simultaneously, at which time the price per share of the Common Shares was $2.07 (or $1.98 for the Pre-Funded Warrants, which excludes the exercise price, see footnote 6 below), and therefore the reported transactions resulted in no profit to Redmile or Jeremy Green and the cross trades resulted in no change in either of their aggregate beneficial ownership.
Referenced by the price of 3 transactions in Table II.