Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
- Peter Lynch
What is insider trading>>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)*
Fulcrum Therapeutics, Inc.
(Name of Issuer)
COMMON STOCK, $0.001 PAR VALUE PER SHARE
(Title of Class of Securities)
359616109
(CUSIP Number)
December 31, 2021
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ Rule 13d-1(b)
☐ Rule 13d-1(c)
☒ Rule 13d-1(d)
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 359616109 |
SCHEDULE 13G | Page 2 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
Third Rock Ventures III, L.P. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
0 | ||||
6. | SHARED VOTING POWER
3,962,202 | |||||
7. | SOLE DISPOSITIVE POWER
0 | |||||
8. | SHARED DISPOSITIVE POWER
3,962,202 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,962,202 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8% (1) | |||||
12. | TYPE OF REPORTING PERSON
PN |
(1) | The percent of class was calculated based on 40,548,783 shares of common stock issued and outstanding as of October 28, 2021 as disclosed in the Issuers 10-Q filed with the Securities and Exchange Commission on November 4, 2021. |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 3 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
Third Rock Ventures GP III, L.P. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
0 | ||||
6. | SHARED VOTING POWER
3,962,202 | |||||
7. | SOLE DISPOSITIVE POWER
0 | |||||
8. | SHARED DISPOSITIVE POWER
3,962,202 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,962,202 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8% (1) | |||||
12. | TYPE OF REPORTING PERSON
PN |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 4 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
TRV GP III, LLC | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
0 | ||||
6. | SHARED VOTING POWER
3,962,202 | |||||
7. | SOLE DISPOSITIVE POWER
0 | |||||
8. | SHARED DISPOSITIVE POWER
3,962,202 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,962,202 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
9.8% (1) | |||||
12. | TYPE OF REPORTING PERSON
OO |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 5 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
Third Rock Ventures IV, L.P. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
0 | ||||
6. | SHARED VOTING POWER
2,343,154 | |||||
7. | SOLE DISPOSITIVE POWER
0 | |||||
8. | SHARED DISPOSITIVE POWER
2,343,154 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,343,154 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8% (1) | |||||
12. | TYPE OF REPORTING PERSON
PN |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 6 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
Third Rock Ventures GP IV, L.P. | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
0 | ||||||||||||||||||
6. | SHARED VOTING POWER
2,343,154 | |||||||||||||||||||
7. | SOLE DISPOSITIVE POWER
0 | |||||||||||||||||||
8. | SHARED DISPOSITIVE POWER
2,343,154 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,343,154 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8% (1) | |||||
12. | TYPE OF REPORTING PERSON
PN |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 7 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
TRV GP IV, LLC | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
0 | ||||
6. | SHARED VOTING POWER
2,343,154 | |||||
7. | SOLE DISPOSITIVE POWER
0 | |||||
8. | SHARED DISPOSITIVE POWER
2,343,154 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,343,154 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8% (1) | |||||
12. | TYPE OF REPORTING PERSON
OO |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 8 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
Mark Levin | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
84,223(2) | ||||
6. | SHARED VOTING POWER
3,962,202 | |||||
7. | SOLE DISPOSITIVE POWER
84,223 (2) | |||||
8. | SHARED DISPOSITIVE POWER
3,962,202 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,046,425 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.0% (1) | |||||
12. | TYPE OF REPORTING PERSON
IN |
(2) | This number includes 8,423 shares of Common Stock held directly by the Levin Family 2014 Irrevocable Trust. |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 9 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
Kevin P. Starr | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
84,218 | ||||
6. | SHARED VOTING POWER
3,962,202 | |||||
7. | SOLE DISPOSITIVE POWER
84,218 | |||||
8. | SHARED DISPOSITIVE POWER
3,962,202 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,046,420 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.0% (1) | |||||
12. | TYPE OF REPORTING PERSON
IN |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 10 of 15 Pages |
1. |
NAMES OF REPORTING PERSONS
Robert I. Tepper | |||||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) ☐ (b) ☒
| |||||
3. | SEC USE ONLY
| |||||
4. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH |
5. | SOLE VOTING POWER
84,220 | ||||
6. | SHARED VOTING POWER
3,962,202 | |||||
7. | SOLE DISPOSITIVE POWER
84,220 | |||||
8. | SHARED DISPOSITIVE POWER
3,962,202 |
9. |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,046,422 | |||||
10. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
☐ | |||||
11. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
10.0% (1) | |||||
12. | TYPE OF REPORTING PERSON
IN |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 11 of 15 Pages |
Item 1. | Issuer | |||||
(a) | Name of Issuer: | |||||
Fulcrum Therapeutics, Inc. (the Issuer) | ||||||
(b) | Address of Issuers Principal Executive Offices: | |||||
26 Landsdowne Street Cambridge, MA 02139 | ||||||
Item 2. | Filing Person | |||||
(a) (c) | Name of Persons Filing; Address; Citizenship: | |||||
(i) Third Rock Ventures III, L.P. (TRV III);
(ii) Third Rock Ventures GP III, L.P. (TRV GP III), which is the sole general partner of TRV III;
(iii) TRV GP III, LLC (TRV GP III LLC), which is the sole general partner of TRV GP III;
(iv) Third Rock Ventures IV, L.P. (TRV IV);
(v) Third Rock Ventures GP IV, L.P. (TRV GP IV), which is the sole general partner of TRV IV;
(vi) TRV GP IV, LLC (TRV GP IV LLC), which is the sole general partner of TRV GP IV;
(vii) Mark Levin (Levin), a managing member of TRV GP III LLC;
(viii) Kevin P. Starr (Starr), a managing member of TRV GP III LLC; and
(ix) Robert I. Tepper (Tepper, and collectively with TRV III, TRV GP III, TRV GP III LLC, TRV IV, TRV GP IV, TRV GP IV LLC, Levin and Starr, the Reporting Persons), a managing member of TRV GP III LLC.
The address of the principal business office of each of the Reporting Persons is Third Rock Ventures, LLC, 29 Newbury Street, 3rd Floor, Boston, MA 02116.
Each of TRV III, TRV GP III, TRV IV and TRV GP IV is a Delaware limited partnership. Each of TRV GP III LLC and TRV GP IV LLC is a Delaware limited liability company. Levin, Tepper and Starr are United States citizens. | ||||||
(d) | Title of Class of Securities: | |||||
Common stock, $0.001 par value per share, (the Common Stock) | ||||||
(e) | CUSIP Number:
359616109 | |||||
Item 3. | If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: | |||||
(a) | ☐ | Broker or dealer registered under Section 15 of the Act; | ||||
(b) | ☐ | Bank as defined in Section 3(a)(6) of the Act; | ||||
(c) | ☐ | Insurance company as defined in Section 3(a)(19) of the Act; | ||||
(d) | ☐ | Investment company registered under Section 8 of the Investment Company Act of 1940; | ||||
(e) | ☐ | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | ||||
(f) | ☐ | An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); | ||||
(g) | ☐ | A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); | ||||
(h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 12 of 15 Pages |
(i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940; | ||||||
(j) | ☐ | A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J); | ||||||
(k) | ☐ | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: | ||||||
If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution: |
Item 4. | Ownership. | |||||||||||
(a) and (b) | Amount beneficially owned: | |||||||||||
(i) | TRV III directly owns 3,962,202 shares of Common Stock (the III Shares), which represents approximately 9.8% of the outstanding shares of Common Stock. | |||||||||||
(ii) | TRV GP III is the general partner of TRV III and may be deemed to beneficially own the III Shares. | |||||||||||
(iii) | TRV GP III LLC is the general partner of TRV GP III and may be deemed to beneficially own the III Shares. | |||||||||||
(iv) | TRV IV directly owns 2,343,154 shares of Common Stock (the Shares), which represents approximately 5.8% of the outstanding shares of Common Stock. | |||||||||||
(v) | TRV GP IV is the general partner of TRV IV and may be deemed to beneficially own the Shares. | |||||||||||
(vi) | TRV GP IV LLC is the general partner of TRV GP IV and may be deemed to beneficially own the Shares. | |||||||||||
(vii) | As a managing member of TRV GP III LLC, Levin may be deemed to beneficially own the III Shares. Additionally, Levin directly owns 75,800 shares of Common Stock. The Levin Family 2014 Irrevocable Trust directly owns 8,423 shares of Common Stock (the Trust Shares). As Levins spouse is a trustee of the Levin Family 2014 Irrevocable Trust, Levin may be deemed to beneficially own the Trust Shares. | |||||||||||
(viii) | As a managing member of TRV GP III LLC Tepper may be deemed to beneficially own the III Shares. Additionally, Tepper directly owns 84,220 shares of Common Stock. | |||||||||||
(ix) | As a managing member of TRV GP III LLC, Starr may be deemed to beneficially own the III Shares. Additionally, Starr directly owns 84,218 shares of Common Stock. Each of TRV III, TRV GP III, TRV GP III LLC, Levin, Starr and Tepper, on the one hand, and TRV IV, TRV GP IV and TRV GP IV LLC, on the other hand, disclaim the existence of a group for purposes of Rule 13d-5 of the Securities Exchange Act of 1934, as amended, and nothing contained in this report shall be deemed an admission that any such group exists or may exist | |||||||||||
(c) | Number of shares as to which such person has: | |||||||||||
Number of Shares of Common Stock | ||||||||||||||||||||
Reporting Person |
(i) | (ii) | (iii) | (iv) | ||||||||||||||||
TRV III |
|
0 | 3,962,202 | 0 | 3,962,202 | |||||||||||||||
TRV GP III |
|
0 | 3,962,202 | 0 | 3,962,202 | |||||||||||||||
TRV GP III LLC |
|
0 | 3,962,202 | 0 | 3,962,202 | |||||||||||||||
TRV IV |
|
0 | 2,343,154 | 0 | 2,343,154 | |||||||||||||||
TRV GP IV |
|
0 | 2,343,154 | 0 | 2,343,154 | |||||||||||||||
TRV GP IV LLC |
|
0 | 2,343,154 | 0 | 2,343,154 | |||||||||||||||
Levin |
|
84,223 | 3,962,202 | 84,223 | 3,962,202 | |||||||||||||||
Starr |
84,218 | 3,962,202 | 84,218 | 3,962,202 | ||||||||||||||||
Tepper |
84,220 | 3,962,202 | 84,220 | 3,962,202 |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 13 of 15 Pages |
(i) Sole power to vote or direct the vote
(ii) Shared power to vote or to direct the vote
(iii) Sole power to dispose or to direct the disposition of
(iv) Shared power to dispose or to direct the disposition of | ||||||||||
The percent of class was calculated based on 40,548,783 shares of common stock issued and outstanding as of October 28, 2021 as disclosed in the Issuers 10-Q filed with the Securities and Exchange Commission on November 4, 2021. | ||||||||||
Item 5. | Ownership of Five Percent or Less of a Class.
Not applicable. | |||||||||
Item 6. | Ownership of More than Five Percent on Behalf of Another Person.
Not applicable. | |||||||||
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not applicable. | |||||||||
Item 8. | Identification and Classification of Members of the Group.
Not applicable. | |||||||||
Item 9. | Notice of Dissolution of Group.
Not applicable. | |||||||||
Item 10. | Certification.
Not applicable. |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 14 of 15 Pages |
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: February 14, 2022
THIRD ROCK VENTURES III, L.P. | ||
By: THIRD ROCK VENTURES GP III, L.P., | ||
General Partner | ||
By: TRV GP III, LLC, | ||
General Partner | ||
By: | /s/ Kevin Gillis | |
Kevin Gillis | ||
Chief Operating Officer | ||
THIRD ROCK VENTURES GP III, L.P. | ||
By: TRV GP III, LLC, | ||
General Partner | ||
By: | /s/ Kevin Gillis | |
Kevin Gillis | ||
Chief Operating Officer | ||
TRV GP III, LLC | ||
By: | /s/ Kevin Gillis | |
Kevin Gillis | ||
Chief Operating Officer | ||
THIRD ROCK VENTURES IV, L.P. | ||
By: THIRD ROCK VENTURES GP IV, L.P., | ||
General Partner | ||
By: TRV GP IV, LLC, | ||
General Partner | ||
By: | /s/ Kevin Gillis | |
Kevin Gillis | ||
Chief Operating Officer | ||
THIRD ROCK VENTURES GP IV, L.P. | ||
By: TRV GP IV, LLC, | ||
General Partner |
CUSIP No. 359616109 |
SCHEDULE 13G | Page 15 of 15 Pages |
By: | /s/ Kevin Gillis | |
Kevin Gillis | ||
Chief Operating Officer | ||
TRV GP IV, LLC | ||
By: | /s/ Kevin Gillis | |
Kevin Gillis | ||
Chief Operating Officer | ||
MARK LEVIN | ||
/s/ Kevin Gillis, As attorney-in-fact | ||
Mark Levin | ||
KEVIN P. STARR | ||
/s/ Kevin Gillis, As attorney-in-fact | ||
Kevin P. Starr | ||
ROBERT I. TEPPER | ||
/s/ Kevin Gillis, As attorney-in-fact | ||
Robert I. Tepper |