SEC Form 4 · accession 0001104659-18-037319
Scholar Rock Holding Corp · SRRK
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Polaris Venture Partners VI, L.P.
10% Owner
Period of report
May 29, 2018
Accepted (ET)
May 31, 2018 · 9:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001727196
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | May 29, 2018 | C | 330,948 | — | A | 330,948 | I | See Footnotes |
| Common StockF1,F4 | May 29, 2018 | C | 19,340 | — | A | 19,340 | I | See Footnote |
| Common StockF1,F2,F3 | May 29, 2018 | C | 493,705 | — | A | 824,653 | I | See Footnotes |
| Common StockF1,F4 | May 29, 2018 | C | 28,851 | — | A | 48,191 | I | See Footnote |
| Common StockF1,F2,F3 | May 29, 2018 | C | 479,634 | — | A | 1,304,287 | I | See Footnotes |
| Common StockF1,F4 | May 29, 2018 | C | 28,028 | — | A | 76,219 | I | See Footnote |
| Common StockF1,F2,F3 | May 29, 2018 | C | 260,670 | — | A | 1,564,957 | I | See Footnotes |
| Common StockF1,F4 | May 29, 2018 | C | 15,233 | — | A | 91,452 | I | See Footnote |
| Common StockF1,F2,F3 | May 29, 2018 | C | 693,294 | — | A | 2,258,251 | I | See Footnotes |
| Common StockF1,F4 | May 29, 2018 | C | 40,514 | — | A | 131,966 | I | See Footnote |
| Common StockF1,F2,F3 | May 29, 2018 | C | 283,090 | — | A | 2,541,341 | I | See Footnotes |
| Common StockF1,F4 | May 29, 2018 | C | 16,542 | — | A | 148,508 | I | See Footnote |
| Common StockF2,F3 | May 29, 2018 | P | 134,970 | $14.00 | A | 2,676,311 | I | See Footnotes |
| Common StockF4 | May 29, 2018 | P | 7,887 | $14.00 | A | 156,395 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A-1 Preferred StockF1,F2,F3 | — | May 29, 2018 | C | 944,789 | D | — | — | Common Stock | 330,948 | 0 | I |
| Series A-1 Preferred StockF1,F4 | — | May 29, 2018 | C | 55,211 | D | — | — | Common Stock | 19,340 | 0 | I |
| Series A-2 Preferred StockF1,F2,F3 | — | May 29, 2018 | C | 1,409,429 | D | — | — | Common Stock | 493,705 | 0 | I |
| Series A-2 Preferred StockF1,F4 | — | May 29, 2018 | C | 82,363 | D | — | — | Common Stock | 28,851 | 0 | I |
| Series A-3 Preferred StockF1,F2,F3 | — | May 29, 2018 | C | 1,369,259 | D | — | — | Common Stock | 479,634 | 0 | I |
| Series A-3 Preferred StockF1,F4 | — | May 29, 2018 | C | 80,016 | D | — | — | Common Stock | 28,028 | 0 | I |
| Series A-4 Preferred StockF1,F2,F3 | — | May 29, 2018 | C | 744,162 | D | — | — | Common Stock | 260,670 | 0 | I |
| Series A-4 Preferred StockF1,F4 | — | May 29, 2018 | C | 43,487 | D | — | — | Common Stock | 15,233 | 0 | I |
| Series B Preferred StockF1,F2,F3 | — | May 29, 2018 | C | 1,979,216 | D | — | — | Common Stock | 693,294 | 0 | I |
| Series B Preferred StockF1,F4 | — | May 29, 2018 | C | 115,659 | D | — | — | Common Stock | 40,514 | 0 | I |
| Series C Preferred StockF1,F2,F3 | — | May 29, 2018 | C | 808,166 | D | — | — | Common Stock | 283,090 | 0 | I |
| Series C Preferred StockF1,F4 | — | May 29, 2018 | C | 47,225 | D | — | — | Common Stock | 16,542 | 0 | I |
Explanation of responses
- F1Each share of Preferred Stock automatically converted into Common Stock, for no additional payment or consideration, on a 2.8548-for-1 basis upon the closing of the Issuer's initial public offering on May 29, 2018 and had no expiration date.
- F2The reportable securities are owned directly by Polaris Venture Partners VI, L.P. ("PVP VI"). Polaris Venture Management Co. VI, L.L.C. ("PVM VI") is the general partner of PVP VI. PVM VI is managed by its managing members, one of whom is Dr. Amir Nashat, a member of the Issuer's Board of Directors (collectively, the "Managing Members"). PVM VI may be deemed to have sole voting and dispositive power with respect to the shares held by PVP VI and the Managing Members may each be deemed to have shared voting and dispositive power with respect to the shares held by PVP VI.
- F3Each of PVM VI and the Managing Members disclaims beneficial ownership of these securities and this report shall not be deemed an admission that PVM VI or any of the Managing Members is a beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.
- F4The reportable securities are owned directly by Polaris Venture Partners Founders' Fund VI, L.P. ("PVPFF VI"). PVM VI is the general partner of PVPFF VI. PVM VI may be deemed to have sole voting and dispositive power with respect to the shares held by PVPFF VI and the Managing Members may each be deemed to have shared voting and dispositive power with respect to the shares held by PVPFF VI. Each of PVM VI and the Managing Members disclaims beneficial ownership of these securities and this report shall not be deemed an admission that PVM VI or any of the Managing Members is a beneficial owner of such securities for purposes of Section 16 or for any other purpose, except to the extent of their respective pecuniary interests therein.