Filing Details

Accession Number:
0001569769-23-000007
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-10-16 16:06:32
Reporting Period:
2023-10-13
Accepted Time:
2023-10-16 16:06:32
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1599298 Summit Therapeutics Inc. SMMT () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1569769 Singh Manmeet Soni C/O Summit Therapeutics Inc.
2882 Sand Hill Road, Suite 106
Menlo Park CA 94025
Chief Operating Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-10-13 2,976,190 $1.68 2,976,190 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Stock Option (right to buy) Acquisiton 2023-10-13 14,000,000 $0.00 14,000,000 $1.68
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
14,000,000 2033-10-13 No 4 A Direct
Footnotes
  1. The Issuer entered into a securities purchase agreement with the Reporting Person, pursuant to which the Issuer agreed to issue and sell to the Reporting Person shares of the Issuer's Common Stock at a per share purchase price equal to $1.68.
  2. The option was granted on October 13, 2023. The shares underlying the option shall vest in four equal annual installments, with the first such installment occurring on October 13, 2024. Note this does not include an additional 14,000,000 options which were granted on October 13, 2023 and are subject to the satisfaction of performance conditions based on market capitalization and revenue targets.
  3. Not applicable.