SEC Form 4 · accession 0001193805-26-000798
Parabilis Medicines, Inc. · PBLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
DEERFIELD MANAGEMENT COMPANY, L.P.
10% Owner · Other
James E Flynn
10% Owner · Other
Deerfield Private Design Fund III, L.P.
10% Owner · Other
Deerfield Mgmt III, L.P.
10% Owner · Other
Deerfield Healthcare Innovations Fund, L.P.
10% Owner · Other
Deerfield Mgmt HIF, L.P.
10% Owner · Other
Period of report
Jun 11, 2026
Accepted (ET)
Jun 11, 2026 · 8:07 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001657677
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Voting Common StockF1,F5,F6 | Jun 11, 2026 | C | 122,990 | — | A | 122,990 | I | Through Deerfield Private Design Fund III, L.P. |
| Voting Common StockF1,F5,F6 | Jun 11, 2026 | C | 122,990 | — | A | 122,990 | I | Through Deerfield Healthcare Innovations Fund, L.P. |
| Voting Common StockF2,F5,F6 | Jun 11, 2026 | C | 149,238 | — | A | 272,228 | I | Through Deerfield Private Design Fund III, L.P. |
| Voting Common StockF2,F5,F6 | Jun 11, 2026 | C | 149,238 | — | A | 272,228 | I | Through Deerfield Healthcare Innovations Fund, L.P. |
| Voting Common StockF3,F5,F6 | Jun 11, 2026 | C | 260,992 | — | A | 533,220 | I | Through Deerfield Private Design Fund III, L.P. |
| Voting Common StockF3,F5,F6 | Jun 11, 2026 | C | 260,992 | — | A | 533,220 | I | Through Deerfield Healthcare Innovations Fund, L.P. |
| Voting Common StockF4,F5,F6 | Jun 11, 2026 | C | 407,132 | — | A | 940,352 | I | Through Deerfield Private Design Fund III, L.P. |
| Voting Common StockF4,F5,F6 | Jun 11, 2026 | C | 407,132 | — | A | 940,352 | I | Through Deerfield Healthcare Innovations Fund, L.P. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred StockF1,F5,F6 | — | Jun 11, 2026 | C | 166,070 | D | — | — | Voting Common Stock | 122,990 | 0 | I |
| Series A Preferred StockF1,F5,F6 | — | Jun 11, 2026 | C | 166,070 | D | — | — | Voting Common Stock | 122,990 | 0 | I |
| Series B Preferred StockF2,F5,F6 | — | Jun 11, 2026 | C | 143,650 | D | — | — | Voting Common Stock | 149,238 | 0 | I |
| Series B Preferred StockF2,F5,F6 | — | Jun 11, 2026 | C | 143,650 | D | — | — | Voting Common Stock | 149,238 | 0 | I |
| Series C Preferred StockF3,F5,F6 | — | Jun 11, 2026 | C | 246,732 | D | — | — | Voting Common Stock | 260,992 | 0 | I |
| Series C Preferred StockF3,F5,F6 | — | Jun 11, 2026 | C | 246,732 | D | — | — | Voting Common Stock | 260,992 | 0 | I |
| Series D Preferred StockF4,F5,F6 | — | Jun 11, 2026 | C | 464,550 | D | — | — | Voting Common Stock | 407,132 | 0 | I |
| Series D Preferred StockF4,F5,F6 | — | Jun 11, 2026 | C | 464,550 | D | — | — | Voting Common Stock | 407,132 | 0 | I |
Explanation of responses
- F1Each share of Series A Preferred Stock automatically converted into approximately 0.7406 shares of the Issuer's voting common stock upon the closing of the Issuer's initial public offering (on an adjusted basis after giving effect to the 1-for-1.5389 reverse split of the Issuer's common stock effected by the Issuer on June 3, 2026).
- F2Each share of Series B Preferred Stock automatically converted into approximately 1.0389 shares of the Issuer's voting common stock upon the closing of the Issuer's initial public offering (on an adjusted basis after giving effect to the 1-for-1.5389 reverse split of the Issuer's common stock effected by the Issuer on June 3, 2026).
- F3Each share of Series C Preferred Stock automatically converted into approximately 1.0578 shares of the Issuer's voting common stock upon the closing of the Issuer's initial public offering (on an adjusted basis after giving effect to the 1-for-1.5389 reverse split of the Issuer's common stock effected by the Issuer on June 3, 2026).
- F4Each share of Series D Preferred Stock automatically converted into approximately 0.8764 shares of the Issuer's voting common stock upon the closing of the Issuer's initial public offering (on an adjusted basis after giving effect to the 1-for-1.5389 reverse split of the Issuer's common stock effected by the Issuer on June 3, 2026).
- F5This Form 4 is being filed by the undersigned as well as the entities listed on the Joint Filer Information Statement attached as an exhibit hereto (the "Reporting Persons"). Deerfield Mgmt III, L.P. is the general partner of Deerfield Private Design Fund III, L.P. ("Fund III"). Deerfield Mgmt HIF, L.P. is the general partner of Deerfield Healthcare Innovations Fund, L.P. ("Deerfield Innovations" and together with Fund III, the "Funds"). Deerfield Management Company, L.P. is the investment manager of the Funds.
- F6In accordance with Instruction 4(b)(iv) to Form 4, the entire amount of the Issuer's securities held by each Fund is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each Reporting Person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
Remarks
Jonathan Isler, Attorney-in-Fact: Power of Attorney, which is hereby incorporated by reference to Exhibit 24 to a Form 3 with regard to BiomX Inc. filed with the Securities and Exchange Commission on March 19, 2024 by Deerfield Private Design Fund V, L.P., Deerfield Healthcare Innovations Fund II, L.P., Deerfield Mgmt V, L.P., Deerfield Mgmt HIF II, L.P., Deerfield Management Company, L.P. and James E. Flynn.