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Filing Details

Accession Number:: 0000950170-24-012830
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-02-08 16:35:00
Reporting Period:: 2024-02-06

Accepted Time:: 2024-02-08 16:35:00
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1572616	Fractyl Health Inc.	GUTS	()	4

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1211060	Peter Thiel	C/O Mithril Capital Management Llc 111 Congress Avenue, Suite 500 Austin TX 78701	No	No	No	No
1552273	Mithril Lp	C/O Mithril Capital Management Llc 111 Congress Avenue, Suite 500 Austin TX 78701	No	No	No	No
1669609	Mithril Ii Lp	C/O Mithril Capital Management Llc 111 Congress Avenue, Suite 500 Austin TX 78701	No	No	No	No
1878230	Mithril Ii Ugp Llc	C/O Mithril Capital Management Llc 111 Congress Avenue, Suite 500 Austin TX 78701	No	No	No	No
1878232	Mithril Ii Gp Lp	C/O Mithril Capital Management Llc 111 Congress Avenue, Suite 500 Austin TX 78701	No	No	No	No
1881891	Mithril Gp Lp	C/O Mithril Capital Management Llc 111 Congress Avenue, Suite 500 Austin TX 78701	No	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2024-02-06	5,160,301	$0.00	5,160,301	No	4	C	Direct
Common Stock	Acquisiton	2024-02-06	918,567	$0.00	918,567	No	4	C	Indirect	See footnote
Common Stock	Acquisiton	2024-02-06	333,333	$15.00	1,251,900	No	4	P	Indirect	See footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	C	Direct
No	4	C	Indirect	See footnote
No	4	P	Indirect	See footnote

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series C-1 Preferred Stock	Disposition	2024-02-06	4,025,764	$0.00	1,875,938	$0.00
Common Stock	Series C-2 Preferred Stock	Disposition	2024-02-06	6,502,796	$0.00	3,030,193	$0.00
Common Stock	Series D Preferred Stock	Disposition	2024-02-06	545,450	$0.00	254,170	$0.00
Common Stock	Series E Preferred Stock	Disposition	2024-02-06	373,021	$0.00	173,821	$0.00
Common Stock	Series F Preferred Stock	Disposition	2024-02-06	1,598,225	$0.00	744,746	$0.00

Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
No	4	C	Direct
No	4	C	Direct
No	4	C	Direct
No	4	C	Indirect
No	4	C	Indirect

Footnotes

In connection with the closing of the Issuer's initial public offering, each share of preferred stock automatically converted into 0.466 shares of the Issuer's common stock in accordance with the terms of such preferred stock.
Represents securities held by Mithril LP ("LP"). Mithril GP LP ("GP LP") is the general partner of LP and may be deemed to have shared voting and dispositive power with respect to the securities held by LP. Ajay Royan, a member of the Issuer's board of directors, is the authorized person of GP LP. Mr. Royan and Peter Thiel are the members of the investment committee of GP LP, and in such capacities may be deemed to have beneficial ownership of the securities held by LP. Each of GP LP and Mr. Thiel disclaims such beneficial ownership except to the extent of its and his respective pecuniary interest therein, if any. Mr. Royan is a director of the Issuer and files separate Section 16 reports.
Represents securities held by Mithril II LP ("II LP"). Mithril II UGP LLC ("UGP II") is the general partner of Mithril II GP LP ("GP II"), which is the general partner of II LP, and each of UGP II and GP II may be deemed to have shared voting and dispositive power with respect to the securities held by II LP. Mr. Royan is the sole managing member of UGP II. Messrs. Royan and Thiel are the members of the investment committee of GP II, and in such capacities may be deemed to have beneficial ownership of the securities held by II LP. Each of UGP II, GP II and Mr. Thiel disclaims such beneficial ownership except to the extent of its and his respective pecuniary interest therein, if any. Mr. Royan is a director of the Issuer and files separate Section 16 reports.