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Filing Details

Accession Number:: 0000921895-24-002263
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-10-08 18:50:12
Reporting Period:: 2024-10-04

Accepted Time:: 2024-10-08 18:50:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1821586	Moonlake Immunotherapeutics	MLTX	Investment Advice (6282)	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
918923	P L Fund Value Biotechnology	44 Montgomery Street 40Th Fl San Francisco CA 94104	Yes	No	Yes	No
1055947	P/Il L Partners Bvf	44 Montgomery St. 40Th Fl San Francisco CA 94104	Yes	No	Yes	No
1056807	Bvf Inc/Il	44 Montgomery Street 40Th Fl San Francisco CA 94104	Yes	No	Yes	No
1102444	Biotechnology Value Fund Ii Lp	44 Montgomery Street 40Th Fl San Francisco CA 94104	Yes	No	Yes	No
1233840	N Mark Lampert	44 Montgomery Street 40Th Fl San Francisco CA 94104	Yes	No	Yes	No
1660683	Biotechnology Value Trading Fund Os Lp	P.o. Box 309 Ugland House Grand Cayman E9 KY1-1104	Yes	No	No	Yes
1660684	Ltd. Os Partners Bvf	P.o. Box 309 Ugland House Grand Cayman E9 KY1-1104	Yes	No	No	Yes
1803805	Bvf I Gp Llc	44 Montgomery Street 40Th Fl San Francisco CA 94104	Yes	No	Yes	No
1803806	Bvf Ii Gp Llc	44 Montgomery Street 40Th Fl San Francisco CA 94104	Yes	No	Yes	No
1803809	Bvf Gp Holdings Llc	44 Montgomery Street 40Th Fl San Francisco CA 94104	Yes	No	Yes	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
Class A Ordinary Shares, $0.0001 Par Value	Disposition	2024-10-04	1,030,589	$50.00	10,235,089	No	4	S	Direct
Class A Ordinary Shares, $0.0001 Par Value	Disposition	2024-10-04	836,862	$50.00	8,168,838	No	4	S	Direct
Class A Ordinary Shares, $0.0001 Par Value	Disposition	2024-10-04	132,549	$50.00	1,287,768	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Ordinary Shares, $0.0001 Par Value	Option to Buy	$42.44		2034-06-06	7,688	7,688	Indirect
Class A Ordinary Shares, $0.0001 Par Value	Option to Buy	$29.18		2033-06-08	11,297	11,297	Indirect

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2034-06-06	7,688	7,688	Indirect
2033-06-08	11,297	11,297	Indirect

Footnotes

This Form 4 is filed jointly by Biotechnology Value Fund, L.P. ("BVF"), Biotechnology Value Fund II, L.P. ("BVF2"), Biotechnology Value Trading Fund OS LP ("Trading Fund OS"), BVF Partners OS Ltd. ("Partners OS"), BVF I GP LLC ("BVF GP"), BVF II GP LLC ("BVF2 GP"), BVF GP Holdings LLC ("BVF GPH"), BVF Partners L.P. ("Partners"), BVF Inc. and Mark N. Lampert (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group that collectively owns more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein.
Securities owned directly by BVF. As the general partner of BVF, BVF GP may be deemed to beneficially own the securities owned directly by BVF. As the sole member of BVF GP, BVF GPH may be deemed to beneficially own the securities owned directly by BVF. As the investment manager of BVF, Partners may be deemed to beneficially own the securities owned directly by BVF. As the general parter of Partners, BVF Inc. may be deemed to beneficially own the securities owned directly by BVF. As a director and officer of BVF Inc., Mr. Lampert may be deemed to beneficially own the securities owned directly by BVF.
Securities owned directly by BVF2. As the general partner of BVF2, BVF2 GP may be deemed to beneficially own the securities owned directly by BVF2. As the sole member of BVF2 GP, BVF GPH may be deemed to beneficially own the securities owned directly by BVF2. As the investment manager of BVF2, Partners may be deemed to beneficially own the securities owned directly by BVF2. As the general partner of Partners, BVF Inc. may be deemed to beneficially own the securities owned directly by BVF2. As a director and officer of BVF Inc., Mr. Lampert may be deemed to beneficially own the securities owned directly by BVF2.
Securities owned directly by Trading Fund OS. As the general partner of Trading Fund OS, Partners OS may be deemed to beneficially own the securities owned directly by Trading Fund OS. As the investment manager of Trading Fund OS and the sole member of Partners OS, Partners may be deemed to beneficially own the securities owned directly by Trading Fund OS. As the general partner of Partners, BVF Inc. may be deemed to beneficially own the securities owned directly by Trading Fund OS. As a director and officer of BVF Inc., Mr. Lampert may be deemed to beneficially own the securities owned directly by Trading Fund OS.
This option represents a right to purchase a total of 7,688 Class A Ordinary Shares of the Issuer, which will vest in full the earlier of (i) June 6, 2025, (ii) the date of the Issuer's next annual general meeting of shareholders and (iii) the date of a Change in Control (as defined in the MoonLake Immunotherapeutics 2022 Equity Incentive Plan) of the Issuer, subject to Spike Loy's continued service to the Issuer.
This option represents a right to purchase a total of 11,297 Class A Ordinary Shares of the Issuer. This option has fully vested as of the date hereof.
Partners, BVF Inc. and Mr. Lampert may be deemed to have a pecuniary interest in the securities reported owned herein due to a certain agreement between Partners and Spike Loy, who serves on the Issuer's board of directors and as a Managing Director of Partners, pursuant to which Mr. Loy is obligated to transfer the economic benefit, if any, received upon the sale of the shares issuable upon exercise of the securities reported owned herein to Partners. As such, Mr. Loy disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.