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Filing Details

Accession Number:: 0001193805-24-001348
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-11-13 20:16:26
Reporting Period:: 2024-11-11

Accepted Time:: 2024-11-13 20:16:26
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1671858	Ars Pharmaceuticals Inc.	SPRY	()	DE

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1009258	Deerfield Management Company, L.p. (Series C)	345 Park Avenue South, 12Th Floor New York NY 10010	No	No	Yes	No
1352546	E James Flynn	345 Park Avenue South, 12Th Floor New York NY 10010	No	No	Yes	No
1603333	Deerfield Private Design Fund Iii, L.p.	345 Park Avenue South, 12Th Floor New York NY 10010	No	No	Yes	No
1610540	Deerfield Mgmt Iii, L.p.	345 Park Avenue South, 12Th Floor New York NY 10010	No	No	Yes	No
1680307	Deerfield Private Design Fund Iv, L.p.	345 Park Avenue South, 12Th Floor New York NY 10010	No	No	Yes	No
1713467	Deerfield Mgmt Iv, L.p.	345 Park Avenue South, 12Th Floor New York NY 10010	No	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	Explanation
Class A Common Stock	Disposition	2024-11-11	40,596	$17.45	5,498,368	No	4	S	Indirect	Through Deerfield Private Design Fund III, L.P.
Class A Common Stock	Disposition	2024-11-11	40,596	$17.45	5,498,367	No	4	S	Indirect	Through Deerfield Private Design Fund IV, L.P.
Class A Common Stock	Disposition	2024-11-11	223,632	$18.15	5,274,736	No	4	S	Indirect	Through Deerfield Private Design Fund III, L.P.
Class A Common Stock	Disposition	2024-11-11	223,632	$18.15	5,274,735	No	4	S	Indirect	Through Deerfield Private Design Fund IV, L.P.
Class A Common Stock	Disposition	2024-11-12	7,853	$17.16	5,266,883	No	4	S	Indirect	Through Deerfield Private Design Fund III, L.P.
Class A Common Stock	Disposition	2024-11-12	7,854	$17.16	5,266,881	No	4	S	Indirect	Through Deerfield Private Design Fund IV, L.P.
Class A Common Stock	Disposition	2024-11-12	9,554	$17.77	5,257,329	No	4	S	Indirect	Through Deerfield Private Design Fund III, L.P.
Class A Common Stock	Disposition	2024-11-12	9,553	$17.77	5,257,328	No	4	S	Indirect	Through Deerfield Private Design Fund IV, L.P.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Through Deerfield Private Design Fund III, L.P.
No	4	S	Indirect	Through Deerfield Private Design Fund IV, L.P.
No	4	S	Indirect	Through Deerfield Private Design Fund III, L.P.
No	4	S	Indirect	Through Deerfield Private Design Fund IV, L.P.
No	4	S	Indirect	Through Deerfield Private Design Fund III, L.P.
No	4	S	Indirect	Through Deerfield Private Design Fund IV, L.P.
No	4	S	Indirect	Through Deerfield Private Design Fund III, L.P.
No	4	S	Indirect	Through Deerfield Private Design Fund IV, L.P.

Footnotes

The price reported in Column 4 represents a weighted average price. The shares were sold in multiple transactions at prices ranging from $16.90 to $17.90, inclusive. The reporting persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes 1, 4, 5 and 6 of this Form 4.
This Form 4 is being filed by the undersigned as well as the entities listed on the Joint Filer Information Statement attached as an exhibit hereto (the "Reporting Persons"). Deerfield Mgmt III, L.P. is the general partner of Deerfield Private Design Fund III, L.P. ("Fund III"). Deerfield Mgmt IV, L.P. is the general partner of Deerfield Private Design Fund IV, L.P. (collectively with Fund III, the "Funds"). Deerfield Management Company, L.P. is the investment manager of the Funds. James E. Flynn is the sole member of the general partner of each of Deerfield Mgmt III, L.P., Deerfield Mgmt IV, L.P. and Deerfield Management Company, L.P.
In accordance with Instruction 4 (b)(iv) to Form 4, the entire amount of the Issuer's securities held by the Funds is reported herein. For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each Reporting Person disclaims beneficial ownership of any such securities, except to the extent of his/its indirect pecuniary interest therein, if any, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or otherwise.
The price reported in Column 4 represents a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.91 to $18.51, inclusive.
The price reported in Column 4 represents a weighted average price. The shares were sold in multiple transactions at prices ranging from $16.68 to $17.65, inclusive.
The price reported in Column 4 represents a weighted average price. The shares were sold in multiple transactions at prices ranging from $17.69 to $17.82, inclusive.