Mohamad Makhzoumi - Sep 16, 2024 Form 4 Insider Report for MBX Biosciences, Inc. (MBX)

Role
10%+ Owner
Signature
/s/Zachary Bambach, attorney-in-fact
Stock symbol
MBX
Transactions as of
Sep 16, 2024
Transactions value $
$8,000,000
Form type
4
Date filed
9/17/2024, 08:20 PM
Previous filing
Sep 12, 2024
Next filing
Oct 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MBX Common Stock Conversion of derivative security +1.02M 1.02M Sep 16, 2024 See Note 2 F1, F2
transaction MBX Common Stock Conversion of derivative security +2.09M +204.42% 3.11M Sep 16, 2024 See Note 2 F1, F2
transaction MBX Common Stock Purchase $8M +500K +16.05% $16.00 3.61M Sep 16, 2024 See Note 2 F2

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 MBX Series A Convertible Preferred Stock Conversion of derivative security -12.3M -100% 0 Sep 16, 2024 Common Stock 1.02M See Note 2 F1, F2
transaction MBX Series B Convertible Preferred Stock Conversion of derivative security -25.1M -100% 0 Sep 16, 2024 Common Stock 2.09M See Note 2 F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Series A Convertible Preferred Stock and Series B Convertible Preferred Stock (collectively, the "Preferred Stock") was convertible into Common Stock on a one-for-12.0221 basis at any time at the option of the holder, and automatically converted into the number of shares shown in Column 7 immediately prior to the closing of the Issuer's initial public offering on September 16, 2024. The Preferred Stock had no expiration date.
F2 The Reporting Person is a manager of NEA 17 GP, LLC, which is the sole general partner of NEA Partners 17, L.P. ("NEA Partners 17"). NEA Partners 17 is the sole general partner of New Enterprise Associates 17, L.P. ("NEA 17"), the direct beneficial owner of the securities. The Reporting Person disclaims beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 17 in which the Reporting Person has no pecuniary interest.