InterWest Partners X LP Amends Sera Prognostics Stake
Ticker: SERA · Form: SC 13G/A · Filed: Jan 19, 2024 · CIK: 1534969
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, venture-capital, medical-diagnostics
TL;DR
**InterWest Partners X LP updated their Sera Prognostics stock ownership, signaling a change in their investment.**
AI Summary
InterWest Partners X LP, a venture capital firm, filed an amended Schedule 13G/A on January 19, 2024, indicating a change in their ownership of Sera Prognostics, Inc. Class A Common Stock as of December 31, 2023. This filing, an amendment number 2, updates their previous disclosures regarding their stake in the medical diagnostics company. This matters to investors because it signals a potential shift in a significant institutional holder's position, which could influence market perception or future trading activity for Sera Prognostics.
Why It Matters
Changes in institutional ownership can signal confidence or concern from major investors, potentially impacting stock price and investor sentiment for Sera Prognostics.
Risk Assessment
Risk Level: low — This filing is a routine update of ownership, not an event that inherently carries high risk.
Analyst Insight
Investors should monitor subsequent filings from InterWest Partners X LP to understand the magnitude of any changes in their ownership percentage, as this filing only indicates an amendment, not the specific change in shares or percentage.
Key Numbers
- December 31, 2023 — Date of Event (The date as of which the ownership change requiring this filing occurred.)
- 81749D107 — CUSIP Number (The unique identification number for Sera Prognostics, Inc. Class A Common Stock.)
- Amendment No. 2 — Filing Amendment Number (Indicates this is the second amendment to InterWest Partners X LP's Schedule 13G filing for Sera Prognostics.)
Key Players & Entities
- InterWest Partners X LP (company) — the entity filing the SC 13G/A amendment
- Sera Prognostics, Inc. (company) — the subject company whose Class A Common Stock is being reported
- Gilbert H. Kliman (person) — a managing director of InterWest Management Partners X, LLC, a group member
- Keval Desai (person) — a venture member of InterWest Management Partners X, LLC, a group member
- Khaled A. Nasr (person) — a venture member of InterWest Management Partners X, LLC, a group member
Forward-Looking Statements
- The market may react neutrally to this filing, as it's an amendment rather than an initial disclosure of a major new stake. (Sera Prognostics, Inc.) — medium confidence, target: Next trading day
FAQ
What type of stock is InterWest Partners X LP reporting ownership of in Sera Prognostics, Inc.?
InterWest Partners X LP is reporting ownership of Class A Common Stock of Sera Prognostics, Inc., as stated in the 'Title of Class of Securities' section of the filing.
When was the event that required InterWest Partners X LP to file this amendment?
The event that required this filing occurred on December 31, 2023, as indicated by the 'Date of Event which Requires Filing of this Statement' in the document.
Who are the individuals listed as group members associated with InterWest Management Partners X, LLC?
The individuals listed as group members are Gilbert H. Kliman (a managing director), Keval Desai (a venture member), and Khaled A. Nasr (a venture member) of InterWest Management Partners X, LLC.
What is the business address for Sera Prognostics, Inc.?
Sera Prognostics, Inc.'s business address is 2749 E. Parleys Way, Suite 200, Salt Lake City, UT 84109, as detailed in the 'BUSINESS ADDRESS' section of the filing.
Under which rule of the Securities Exchange Act of 1934 was this Schedule 13G filed?
This Schedule 13G/A was filed under Rule 13d-1(d) of the Securities Exchange Act of 1934, as indicated by the checked box in the filing.
Filing Stats: 1,786 words · 7 min read · ~6 pages · Grade level 11.2 · Accepted 2024-01-19 06:09:55
Filing Documents
- d683967dsc13ga.htm (SC 13G/A) — 101KB
- d683967dex99a.htm (EX-99.A) — 5KB
- 0001193125-24-010648.txt ( ) — 108KB
NOT APPLICABLE
ITEM 3. NOT APPLICABLE. Page 7 of 9 Pages Cusip No. 81749D107 13G Page 8 of 9 Pages
OWNERSHIP
ITEM 4. OWNERSHIP. IWP X IMP X (1) Desai (2) Kliman (2) Nasr (2) Beneficial Ownership 126,258 (3) 126,258 (3) 126,258 (3) 126,258 (3) 126,258 (3) Percentage of Class 0.4 % (4) 0.4 % (4) 0.4 % (4) 0.4 % (4) 0.4 % (4) Sole Voting Power 126,258 126,258 0 0 0 Shared Voting Power 0 0 126,258 126,258 126,258 Sole Dispositive Power 126,258 126,258 0 0 0 Shared Dispositive Power 0 0 126,258 126,258 126,258 (1) IMP X is the general partner of IWP X. (2) Kliman is a Managing Director of IMP X. Desai and Nasr are Venture Members of IMP X. The Managing Directors and Venture Members of IMP X share voting and investment control over shares held by IWP X. (3) The shares are owned by IWP X and include 126,258 shares of Class A Common Stock issuable pursuant to Class A common stock purchase warrants. (4) Based upon 30,368,753 and 967,759 shares of the Issuers Class A and B Common Stock outstanding as of November 3, 2023, as reported in the Issuers Form 10-Q filed with the Securities and Exchange Commission (the SEC) on November 8, 2023.
OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following
OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON. Under certain circumstances set forth in the limited liability company operating agreement of IMP X, the members of such limited liability company have the right to receive dividends from, or the proceeds from the sale of, the common stock of Issuer beneficially owned by such limited liability company. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY. Not applicable.
IDENTIFICATION AND
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP. No reporting person is a member of a group as defined in section 240.13d-1(b)(1)(iii)(H) of the Act.
NOTICE OF DISSOLUTION OF THE GROUP
ITEM 9. NOTICE OF DISSOLUTION OF THE GROUP. Not applicable. Page 8 of 9 Pages Cusip No. 81749D107 13G Page 9 of 9 Pages
CERTIFICATION
ITEM 10. CERTIFICATION. Not applicable. EXHIBITS Joint Filing Statement attached as Exhibit A. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 19, 2024 INTERWEST PARTNERS X, LP By: InterWest Management Partners X, LLC, its General Partner By: /s/ Karen A. Wilson, Power of Attorney Attorney-in-Fact INTERWEST MANAGEMENT PARTNERS X, LLC By: Karen A. Wilson, Power of Attorney Attorney-in-Fact By: /s/ Keval Desai by Karen A. Wilson, Power of Attorney Name: Keval Desai By: /s/ Gilbert H. Kliman by Karen A. Wilson, Power of Attorney Name: Gilbert H. Kliman By: /s/ Khaled A. Nasr by Karen A. Wilson, Power of Attorney Name: Khaled A. Nasr Page 9 of 9 Pages