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
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Arcellx, Inc.
(Name of Issuer)
Common Stock, $.001 par value
(Title of Class of Securities)
03940C100
(CUSIP Number)
Louis S. Citron, Esq.
New Enterprise Associates
1954 Greenspring Drive, Suite 600, Timonium, MD 21093
(410) 842-4000
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
February 8, 2022
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.
The information required on 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. 03940C100 |
13D | Page 2 of 18 Pages |
1. | NAMES OF REPORTING PERSONS.
New Enterprise Associates 15, L.P.
|
|||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) ☐ (b) ☐ | ||
3. | SEC USE ONLY
|
|||
4. | SOURCE OF FUNDS (see instructions)
WC
|
|||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | ||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. |
SOLE VOTING POWER
0 Shares
| ||
8. | SHARED VOTING POWER
6,432,762 shares
| |||
9. | SOLE DISPOSITIVE POWER
0 Shares
| |||
10. | SHARED DISPOSITIVE POWER
6,432,762 shares
|
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,432,762 shares
|
|||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
|
☐ | ||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
|
|||
14. |
TYPE OF REPORTING PERSON (see instructions)
PN
|
CUSIP No. 03940C100 |
13D | Page 3 of 18 Pages |
1. | NAMES OF REPORTING PERSONS.
NEA Partners 15, L.P.
|
|||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) ☐ (b) ☐ | ||
3. | SEC USE ONLY
|
|||
4. | SOURCE OF FUNDS (see instructions)
AF
|
|||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | ||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Partnership
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. |
SOLE VOTING POWER
0 Shares
| ||
8. | SHARED VOTING POWER
6,432,762 shares
| |||
9. | SOLE DISPOSITIVE POWER
0 Shares
| |||
10. | SHARED DISPOSITIVE POWER
6,432,762 shares
|
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,432,762 shares
|
|||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
|
☐ | ||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
|
|||
14. |
TYPE OF REPORTING PERSON (see instructions)
PN
|
CUSIP No. 03940C100 |
13D | Page 4 of 18 Pages |
1. | NAMES OF REPORTING PERSONS.
NEA 15 GP, LLC
|
|||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) ☐ (b) ☐ | ||
3. | SEC USE ONLY
|
|||
4. | SOURCE OF FUNDS (see instructions)
AF
|
|||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | ||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware Limited Liability Company
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. |
SOLE VOTING POWER
0 Shares
| ||
8. | SHARED VOTING POWER
6,432,762 shares
| |||
9. | SOLE DISPOSITIVE POWER
0 Shares
| |||
10. | SHARED DISPOSITIVE POWER
6,432,762 shares
|
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,432,762 shares
|
|||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
|
☐ | ||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
|
|||
14. |
TYPE OF REPORTING PERSON (see instructions)
OO
|
CUSIP No. 03940C100 |
13D | Page 5 of 18 Pages |
1. | NAMES OF REPORTING PERSONS.
Forest Baskett
|
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) ☐ (b) ☐ | ||
3. | SEC USE ONLY
|
|||
4. | SOURCE OF FUNDS (see instructions)
AF
|
|||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | 6. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. |
SOLE VOTING POWER
0 shares
| ||
8. | SHARED VOTING POWER
6,432,762 shares
| |||
9. | SOLE DISPOSITIVE POWER
0 shares
| |||
10. | SHARED DISPOSITIVE POWER
6,432,762 shares
|
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,432,762 shares
|
|||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
|
☐ | ||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
|
|||
14. |
TYPE OF REPORTING PERSON (see instructions)
IN
|
CUSIP No. 03940C100 |
13D | Page 6 of 18 Pages |
1. | NAMES OF REPORTING PERSONS.
Anthony A. Florence, Jr.
|
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) ☐ (b) ☐ | ||
3. | SEC USE ONLY
|
|||
4. | SOURCE OF FUNDS (see instructions)
AF
|
|||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | ||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. |
SOLE VOTING POWER
0 Shares
| ||
8. | SHARED VOTING POWER
6,432,762 shares
| |||
9. | SOLE DISPOSITIVE POWER
< b>0 Shares
| |||
10. | SHARED DISPOSITIVE POWER
6,432,762 shares
|
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,432,762 shares
|
|||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
|
☐ | ||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
|
|||
14. |
TYPE OF REPORTING PERSON (see instructions)
IN
|
CUSIP No. 03940C100 |
13D | Page 7 of 18 Pages |
1. | NAMES OF REPORTING PERSONS.
Mohamad H. Makhzoumi
|
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) ☐ (b) ☐ | ||
3. | SEC USE ONLY
|
|||
4. | SOURCE OF FUNDS (see instructions)
AF
|
|||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | ||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. |
SOLE VOTING POWER
0 Shares
| ||
8. | SHARED VOTING POWER
6,432,762 shares
| |||
9. | SOLE DISPOSITIVE POWER
0 Shares
| |||
10. | SHARED DISPOSITIVE POWER 6,432,762 shares
|
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 6,432,762 shares
|
|||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
|
☐ | ||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
|
|||
14. |
TYPE OF REPORTING PERSON (see instructions)
IN
|
CUSIP No. 03940C100 |
13D | Page 8 of 18 Pages |
1. | NAMES OF REPORTING PERSONS.
Scott D. Sandell
|
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2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) ☐ (b) ☐ | ||
3. | SEC USE ONLY
|
|||
4. | SOURCE OF FUNDS (see instructions)
AF
|
|||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | ||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. |
SOLE VOTING POWER
0 shares
| ||
8. | SHARED VOTING POWER
6,432,762 shares
| |||
9. | SOLE DISPOSITIVE POWER
0 shares
| |||
10. | SHARED DISPOSITIVE POWER
6,432,762 shares
|
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,432,762 shares
|
|||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
|
☐ | ||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
|
|||
14. |
TYPE OF REPORTING PERSON (see instructions)
IN
|
CUSIP No. 03940C100 |
13D | Page 9 of 18 Pages |
1. | NAMES OF REPORTING PERSONS.
Peter W. Sonsini
|
|||
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) ☐ (b) ☐ | ||
3. | SEC USE ONLY
|
|||
4. | SOURCE OF FUNDS (see instructions)
AF
|
|||
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
|
☐ | ||
6. | CITIZENSHIP OR PLACE OF ORGANIZATION
United States
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 7. |
SOLE VOTING POWER
0 shares
| ||
8. | SHARED VOTING POWER
6,432,762 shares
| |||
9. | SOLE DISPOSITIVE POWER
0 shares
| |||
10. | SHARED DISPOSITIVE POWER
6,432,762 shares
|
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
6,432,762 shares
|
|||
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions)
|
|||
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
19.2%
|
|||
14. |
TYPE OF REPORTING PERSON (see instructions)
IN
|
CUSIP No. 03940C100 |
13D | Page 10 of 18 Pages |
Item 1. Security and Issuer.
This Schedule 13D relates to the common stock, $.001 par value (the “Common Stock”) of Arcellx, Inc. (the “Issuer”) having its principal executive office at 25 West Watkins Mill Road, Suite A, Gaithersburg, MD 20878.
Item 2. Identity and Background.
This statement is being filed by:
(a) New Enterprise Associates 15, L.P. (“NEA 15”), NEA Partners 15, L.P. (“NEA Partners 15”), which is the sole general partner of NEA 15; and NEA 15 GP, LLC (“NEA 15 LLC” and, together with NEA Partners 15, the “Control Entities”), which is the sole general partner of NEA Partners 15; and
(c) Forest Baskett (“Baskett”), Anthony A. Florence, Jr. (“Florence”), Mohamad H. Makhzoumi (“Makhzoumi”), Scott D. Sandell (“Sandell”) and Peter W. Sonsini (“Sonsini”) (together, the “Managers”). The Managers are the managers of NEA 15 LLC.
The persons named in this Item 2 are referred to individually herein as a “Reporting Person” and collectively as the “Reporting Persons.”
The address of the principal business office of each Control Entity and Sandell is New Enterprise Associates, 1954 Greenspring Drive, Suite 600, Timonium, MD 21093. The address of the principal business office of Baskett, Makhzoumi and Sonsini is New Enterprise Associates, 2855 Sand Hill Road, Menlo Park, California 94025. The address of the principal business office of Florence is New Enterprise Associates, 104 Fifth Avenue, 19th Floor, New York, NY 10011.
The principal business of NEA 15 is to invest in and assist growth-oriented businesses located principally in the United States. The principal business of NEA Partners 15 is to act as the sole general partner of NEA 15. The principal business of NEA 15 LLC is to act as the sole general partner of NEA Partners 15. The principal business of each of the Managers is to manage the Control Entities and a number of affiliated partnerships with similar businesses.
During the five years prior to the date hereof, none of the Reporting Persons has been convicted in a criminal proceeding or has been a party to a civil proceeding ending in a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
NEA 15 LLC is a limited liability company organized under the laws of the State of Delaware. NEA 15 and NEA Partners 15 are limited partnerships organized under the laws of the State of Delaware. Each of the Managers is a United States citizen.
Item 3. Source and Amount of Funds or Other Consideration.
On February 3, 2022, the Registration Statement on Form S-1 filed with the Securities and Exchange Commission by the Issuer (File No. 333-262191) in connection with its initial public offering of 8,250,000 shares of Common Stock of the Issuer (the “IPO”) was declared effective. The closing of the IPO took place on February 8, 2022 (the “Closing”), and in connection with the Closing, NEA 15 purchased an aggregate of 1,583,333 shares of the Issuer’s Common Stock at the IPO price of $15.00 per share.
Prior to the Closing, NEA 15 purchased from the Issuer in a series of private transactions, 1,545,307 shares of Series A Preferred Stock (“NEA 15 Series A Stock”), 872,915 shares of Series B-1 Preferred Stock (“NEA 15 Series B-1 Stock”), 698,421 shares of Series B-2 Preferred Stock (“NEA 15 Series B-2 Stock”) and 1,732,786 shares of Series C Preferred Stock (“NEA 15 Series C Stock”) for an aggregate purchase price of $44,805,000. Immediately prior to the closing of the IPO, the shares of NEA 15 Series A Stock, NEA 15 Series B-1 Stock, NEA 15 Series B-2 Stock and NEA 15 Series C Stock held by NEA 15 automatically converted into 6,432,762 shares of Common Stock of the Issuer. NEA 15 now holds a total of 6,432,7 62 shares of Common Stock (the “NEA 15 Shares”).
CUSIP No. 03940C100 |
13D | Page 11 of 18 Pages |
Item 4. Purpose of Transaction.
NEA 15 acquired the NEA 15 Shares for investment purposes. Depending on market conditions, its continuing evaluation of the business and prospects of the Issuer and other factors, NEA 15 and other Reporting Persons may dispose of or acquire additional shares of the Issuer. Except as set forth above, none of the Reporting Persons has any present plans which relate to or would result in:
(a) | The acquisition by any person of additional securities of the Issuer, or the disposition of securities of the Issuer; |
(b) | An extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; |
(c) | A sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; |
(d) | Any change in the present board of directors or management of the Issuer, including any plans or proposals to change the number or term of directors or to fill any existing vacancies on the board; |
(e) | Any material change in the present capitalization or dividend policy of the Issuer; |
(f) | Any other material change in the Issuer’s business or corporate structure; |
(g) | Changes in the Issuer’s charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; |
(h) | Causing a class of securities of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; |
(i) | A class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Securities Exchange Act of 1934; or |
(j) | Any action similar to any of those enumerated above. |
Item 5. Interest in Securities of the Issuer.
(a) | NEA 15 is the record owner of the NEA 15 Shares. As the general partner of NEA 15, NEA Partners 15 may be deemed to own beneficially the NEA 15 Shares. As the sole general partner of NEA Partners 15, NEA 15 LLC may be deemed to own beneficially the NEA 15 Shares. As members of NEA 15 LLC, each of the Managers may be deemed to own beneficially the NEA 15 Shares. |
Each Reporting Person disclaims beneficial ownership of the NEA 15 Shares other than those shares which such person owns of record.
The percentage of outstanding Common Stock of the Issuer which may be deemed to be beneficially owned by each Reporting Person is set forth on Line 13 of such Reporting Person’s cover sheet. Such percentage was calculated based on 33,543,534 shares of Common Stock reported by the Issuer to be outstanding immediately following the IPO on the Issuer’s Prospectus filed under Rule 424(b)(4), filed with the Securities and Exchange Commission on February 7, 2022.
CUSIP No. 03940C100 |
13D | Page 12 of 18 Pages |
(b) | Regarding the number of shares as to which such person has: |
(i) | sole power to vote or to direct the vote: See line 7 of cover sheets |
(ii) | shared power to vote or to direct the vote: See line 8 of cover sheets |
(iii) | sole power to dispose or to direct the disposition: See line 9 of cover sheets |
(iv) | shared power to dispose or to direct the disposition: See line 10 of cover sheets |
(c) | Except as set forth in Item 3 above, none of the Reporting Persons has effected any transaction in the NEA 15 Shares during the last 60 days. |
(d) | No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, NEA 15 Shares beneficially owned by any of the Reporting Persons. |
Item 6. Contracts, Arrangements, Undertakings or Relationships with Respect to Securities of the Issuer.
NEA 15 has entered into a lock-up agreement pursuant to which it has agreed not to, except in limited circumstances, dispose of or hedge any shares of Common Stock or any security convertible into or exercisable or exchangeable for Common Stock for a period of 180 days after February 3, 2022, except with the prior consent of BofA Securities, Inc. and SVB Securities LLC.
Item 7. Material to Be Filed as Exhibits.
Exhibit 1 – Agreement regarding filing of joint Schedule 13D.
Exhibit 2 – Power of Attorney regarding filings under the Securities Exchange Act of 1934, as amended.
CUSIP No. 03940C100 |
13D | Page 13 of 18 Pages |
SIGNATURE
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
EXECUTED this 17th day of February, 2022.
NEW ENTERPRISE ASSOCIATES 15, L.P.
By: | NEA PARTNERS 15, L.P. General Partner |
By: | NEA 15 GP, LLC General Partner |
By: *
Louis S. Citron
Chief Legal Officer
NEA PARTNERS 15, L.P.
By: | NEA
15 GP, LLC General Partner |
By: *
Louis S. Citron
Chief Legal Officer
NEA 15 GP, LLC
By: *
Louis S. Citron
Chief Legal Officer
CUSIP No. 03940C100 |
13D | Page 14 of 18 Pages |
*
Forest Baskett
*
Anthony A. Florence, Jr.
*
Mohamad H. Makhzoumi
*
Scott D. Sandell
*
Peter W. Sonsini
*/s/ Louis S. Citron
Louis S. Citron
As attorney-in-fact
This Schedule 13D was executed by Louis S. Citron on behalf of the individuals listed above pursuant to a Power of Attorney a copy of which is attached as Exhibit 2.
CUSIP No. 03940C100 |
13D | Page 15 of 18 Pages |
EXHIBIT 1
AGREEMENT
Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, the undersigned hereby agree that only one statement containing the information required by Schedule 13D need be filed with respect to the ownership by each of the undersigned of shares of stock of Arcellx, Inc.
EXECUTED this 17th day of February, 2022.
NEW ENTERPRISE ASSOCIATES 15, L.P.
By: | NEA PARTNERS 15, L.P. General Partner |
By: | NEA 15 GP, LLC General Partner |
By: *
Louis S. Citron
Chief Legal Officer
NEA PARTNERS 15, L.P.
By: | NEA
15 GP, LLC General Partner |
By: *
Louis S. Citron
Chief Legal Officer
NEA 15 GP, LLC
By: *
Louis S. Citron
Chief Legal Officer
CUSIP No. 03940C100 |
13D | Page 16 of 18 Pages |
*
Forest Baskett
*
Anthony A. Florence, Jr.
*
Mohamad H. Makhzoumi
*
Scott D. Sandell
*
Peter W. Sonsini
*/s/ Louis S. Citron
Louis S. Citron
As attorney-in-fact
This Agreement relating to Schedule 13D was executed by Louis S. Citron on behalf of the individuals listed above pursuant to a Power of Attorney a copy of which is attached hereto as Exhibit 2.
CUSIP No. 03940C100 |
13D | Page 17 of 18 Pages |
EXHIBIT 2
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that the undersigned hereby constitutes and appoints Louis S. Citron, Timothy Schaller, Sasha Keough and Stephanie Brecher, and each of them, with full power to act without the others, his or her true and lawful attorney-in-fact, with full power of substitution, to sign any and all instruments, certificates and documents that may be necessary, desirable or appropriate to be executed on behalf of himself as an individual or in his or her capacity as a direct or indirect general partner, director, officer or manager of any partnership, corporation or limited liability company, pursuant to section 13 or 16 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and any and all regulations promulgated thereunder, and to file the same, with all exhibits thereto, and any other documents in connection therewith, with the Securities and Exchange Commission, and with any other entity when and if such is mandated by the Exchange Act or by the Financial Industry Regulatory Authority, granting unto said attorney-in-fact full power and authority to do and perform each and every act and thing necessary, desirable or appropriate, fully to all intents and purposes as he or she might or could do in person, thereby ratifying and confirming all that said attorney-in-fact, or his or her substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 13th day of March, 2017.
/s/ M. James Barrett
M. James Barrett
/s/ Peter J. Barris
Peter J. Barris
/s/ Forest Baskett
Forest Baskett
/s/ Ali Behbahani
Ali Behbahani
/s/ Colin Bryant
Colin Bryant
/s/ Carmen Chang
Carmen Chang
/s/ Anthony A. Florence, Jr.
Anthony A. Florence, Jr.
/s/ Carol G. Gallagher
Carol G. Gallagher
/s/ Dayna Grayson
Dayna Grayson
/s/ Patrick J. Kerins
Patrick J. Kerins
/s/ P. Justin Klein
P. Justin Klein
CUSIP No. 03940C100 |
13D | Page 18 of 18 Pages |
/s/ Vanessa Larco
Vanessa Larco
/s/ Joshua Makower
Joshua Makower
/s/ Mohamad H. Makhzoumi
Mohamad H. Makhzoumi
/s/ Edward T. Mathers
Edward T. Mathers
/s/ David M. Mott
David M. Mott
/s/ Sara M. Nayeem
Sara M. Nayeem
/s/ Jason R. Nunn
Jason R. Nunn
/s/ Gregory Papadopoulos
Gregory Papadopoulos
/s/ Chetan Puttagunta
Chetan Puttagunta
/s/ Jon Sakoda
Jon Sakoda
/s/ Scott D. Sandell
Scott D. Sandell
/s/ A. Brooke Seawell
A. Brooke Seawell
/s/ Peter W. Sonsini
Peter W. Sonsini
/s/ Melissa Taunton
Melissa Taunton
/s/ Frank M. Torti
Frank M. Torti
/s/ Ravi Viswanathan
Ravi Viswanathan
/s/ Paul E. Walker
Paul E. Walker
/s/ Rick Yang
Rick Yang