4//SEC Filing
Palihapitiya Chamath 4
Accession 0000950170-24-081902
CIK 0001850266other
Filed
Jul 4, 8:00 PM ET
Accepted
Jul 5, 5:36 PM ET
Size
11.5 KB
Accession
0000950170-24-081902
Insider Transaction Report
Form 4
Akili, Inc.AKLI
Palihapitiya Chamath
DirectorChief Executive Officer10% Owner
Transactions
- Disposition from Tender
Common Stock
2024-07-02−3,773,000→ 0 total(indirect: See Footnote) - Disposition from Tender
Common Stock
2024-07-02−1,900,000→ 0 total(indirect: See Footnote) - Disposition from Tender
Common Stock
2024-07-02−8,100,000→ 0 total(indirect: See Footnote)
SC Master Holdings, LLC
Director10% Owner
Transactions
- Disposition from Tender
Common Stock
2024-07-02−3,773,000→ 0 total(indirect: See Footnote) - Disposition from Tender
Common Stock
2024-07-02−1,900,000→ 0 total(indirect: See Footnote) - Disposition from Tender
Common Stock
2024-07-02−8,100,000→ 0 total(indirect: See Footnote)
Footnotes (4)
- [F1]Reflects disposition of shares of common stock (each, a "Share") of the Issuer at a price per Share of $0.4340 (the "Offer Price") pursuant to the terms of that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 29, 2024, by and among the Issuer, Virtual Therapeutics Corporation, a Delaware corporation ("Parent") and Alpha Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Purchaser"). Purchaser completed a tender offer for shares of common stock of the Issuer and thereafter merged with and into the Issuer, effective as of July 2, 2024 (the "Effective Time") with the Issuer surviving the merger. As of the Effective Time, each Share held by the Reporting Person or his affiliates was converted into the Offer Price.
- [F2]Reflects securities held directly by SC PIPE Holdings LLC ("SC PIPE Holdings"). The sole member of SC PIPE Holdings is SC Master Holdings, LLC ("SC Master Holdings"). SC Master Holdings is controlled by Mr. Palihapitiya.
- [F3]Reflects securities held directly by SC Master Holdings. SC Master Holdings is controlled by Mr. Palihapitiya.
- [F4]Reflects securities held directly by a trust for the benefit of members of Mr. Palihapitiya's immediate family.
Documents
Issuer
Akili, Inc.
CIK 0001850266
Entity typeother
Related Parties
1- filerCIK 0001715450
Filing Metadata
- Form type
- 4
- Filed
- Jul 4, 8:00 PM ET
- Accepted
- Jul 5, 5:36 PM ET
- Size
- 11.5 KB