L. John Doerr - May 7, 2024 Form 4 Insider Report for AMYRIS, INC. (AMRS)

Role
Director, More than 10% owner
Signature
/s/ L. John Doerr, by Barbara Hager as his attorney-in-fact
Stock symbol
AMRS
Transactions as of
May 7, 2024
Transactions value $
-$70,700,000
Form type
4
Date filed
5/7/2024, 07:38 PM
Previous filing
Feb 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Ownership Footnotes
transaction AMRS Common Stock -Disposed to Issuer $0 -46,047 -100% $0.00 0 May 7, 2024 Direct F1, F2
transaction AMRS Common Stock -Disposed to Issuer $0 -87,268,358 -100% $0.00 0 May 7, 2024 by Foris Ventures, LLC F1, F2, F3, F4
transaction AMRS Common Stock -Disposed to Issuer $0 -4,531 -100% $0.00 0 May 7, 2024 by KPCB XII Founders Fund, LLC F1, F2, F5
transaction AMRS Common Stock -Disposed to Issuer $0 -248,304 -100% $0.00 0 May 7, 2024 by Kleiner Perkins Caufield and Byers XII, LLC F1, F2, F6
transaction AMRS Common Stock -Disposed to Issuer $0 -3,333,333 -100% $0.00 0 May 7, 2024 by Perrara Ventures, LLC F1, F2, F7
transaction AMRS Common Stock -Disposed to Issuer $0 -9,648 -100% $0.00 0 May 7, 2024 by Clarus, LLC F1, F2, F8
transaction AMRS Common Stock -Disposed to Issuer $0 -567 -100% $0.00 0 May 7, 2024 by The Vallejo Ventures Trust U/T/A 2/12/96 F1, F2, F9

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction AMRS Warrant (Right to Buy) -Disposed to Issuer -2,046,036 -100% 0 May 7, 2024 Common Stock 2,046,036 $1.30 by Foris Ventures, LLC F1, F2, F3, F4, F10
transaction AMRS Warrant (Right to Buy) -Disposed to Issuer -10,000,000 -100% 0 May 7, 2024 Common Stock 10,000,000 $1.80 by Foris Ventures, LLC F1, F2, F3, F4, F11, F12
transaction AMRS 2019 LSA -Disposed to Issuer -$70,700,000 0 May 7, 2024 Common Stock 23,584,220 $3.00 by Foris Ventures, LLC F1, F2, F3, F4, F13, F14

L. John Doerr is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Issuer's Third Amended Joint Plan of Reorganization Pursuant to Chapter 11 of the Bankruptcy Code (the "Plan"), which was confirmed by the United States Bankruptcy Court for the District of Delaware on February 7, 2024 and became effective on May 7, 2024, each share of the Issuer's common stock and options to purchase the Issuer's common stock outstanding prior to the Issuer's emergence from bankruptcy were cancelled for no value.
F2 (continued from footnote 1) In addition, pursuant to the Plan, $20,000,000 of the claims arising from that certain Senior Secured Super Priority Debtor In Possession Loan Agreement, dated as of August 9, 2023 (the "DIP Credit Agreement"), by and among the Borrowers, the Guarantors and Euagore, LLC ("Euagore" and such other lenders from time to time party thereto, the "DIP Lenders"), an affiliate of Foris Ventures, LLC ("FV"), were converted into 100% of the new common stock of the reorganized Issuer and issued to the DIP Lenders (or their assignee) on the effective date of the Plan.
F3 L. John Doerr ("John Doerr") indirectly holds all of the membership interests in Foris Ventures, LLC ("FV"). John Doerr disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F4 Barbara Hager, the manager of FV, may be deemed to have sole power to vote and dispose of the shares held by FV. The Vallejo Ventures Trust U/T/A 2/12/96 ("VVT"), the member of FV, may be deemed to have sole power to vote and dispose of these securities and John Doerr and Ann Doerr, the trustees of VVT, and Barbara Hager, the special trustee of VVT, may be deemed to have shared power to vote and dispose of the reported securities. Each of John Doerr, Ann Doerr and Barbara Hager disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. FV and VVT are represented on the Issuer's board of directors by John Doerr. Accordingly, each of Ann Doerr, Barbara Hager, FV and VVT are deemed to be a director by deputization.
F5 The Managing Member of KPCB XII Founders Fund, LLC is KPCB XII Associates, LLC, of which John Doerr is the managing member. John Doerr disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The shares are held for convenience in the name of "KPCB Holdings, Inc., as nominee" for the account of entities affiliated with Kleiner Perkins Caufield & Byers and others. KPCB Holdings, Inc. has no voting, dispositive or pecuniary interest in any such shares.
F6 The Managing Member of Kleiner Perkins Caufield & Byers XII, LLC is KPCB XII Associates, LLC, of which John Doerr is the managing member. John Doerr disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. The shares are held for convenience in the name of "KPCB Holdings, Inc., as nominee" for the account of entities affiliated with Kleiner Perkins Caufield & Byers and others. KPCB Holdings, Inc. has no voting, dispositive or pecuniary interest in any such shares.
F7 John Doerr indirectly holds all of the membership interests in Perrara Ventures, LLC. John Doerr disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F8 John Doerr and Ann Doerr are the trustees of VVT, which is the member of Clarus, LLC. Barbara Hager is the special trustee of VVT and manager of FV. By virtue of these relationships, John Doerr, Ann Doerr and Barbara Hager may be deemed to have the power to vote and dispose of shares held by Clarus, LLC. Each of John Doerr, Ann Doerr and Barbara Hager disclaims beneficial ownership of the shares held by Clarus, LLC except to the extent of their pecuniary interest therein, if any.
F9 John Doerr and Ann Doerr are the trustees of VVT. Barbara Hager is the special trustee of VVT and manager of FV. By virtue of these relationships, John Doerr, Ann Doerr and Barbara Hager may be deemed to have the power to vote and dispose of shares held by VVT. Each of John Doerr, Ann Doerr and Barbara Hager disclaims beneficial ownership of the shares held by VVT except to the extent of their pecuniary interest therein, if any.
F10 This warrant was issued in connection with the entry into that certain Loan and Security Agreement dated September 13, 2022 among the Issuer, certain subsidiaries of the Issuer and Foris Ventures, LLC.
F11 The warrant is exercisable at a price of $1.80 per full share of Common Stock at any time after the date of issuance for a period of five years.
F12 On December 29, 2022, the Issuer entered into a security purchase agreement with FV, pursuant to which the Issuer issued and sold to FV in a private placement (i) 13,333,334 shares of the Issuer's common stock (the "Common Stock") and (ii) a warrant to purchase up to 10,000,000 shares of Common Stock, for an aggregate purchase price of $20,000,000.
F13 Represents the total amount of indebtedness outstanding, including accrued and unpaid interest as well as penalties, as of January 3, 2024, under that certain Amended and Restated Loan and Security Agreement, dated as of October 28, 2019 (as it may be further amended, restated or otherwise modified, the "2019 LSA"), by and among the Issuer, FV, as lender, and the other parties thereto. Such indebtedness was convertible into shares of Common Stock at a fixed conversion price of $3.00 per share of Common Stock the estimated aggregate principal amount and interest and penalties as of January 3, 2024 outstanding.
F14 (continued from footnote 13 ) The 2019 LSA bears interest at 6.0% per annum, subject to certain default interest provisions in the event of a default under the 2019 LSA. The Issuer's filing of the Chapter 11 Cases (as defined below) was an event of default under the 2019 LSA which automatically accelerated the payment date of unpaid principal and interest as well as applying certain penalties, including adding an amount equal to 6.0% of the past due amount and increasing the interest rate to 12.0%, compounded daily.