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.
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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. 6)*
Karuna Therapeutics, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
48576A100
(CUSIP Number)
Daphne Zohar
Chief Executive Officer
PureTech Health LLC
6 Tide Street, Suite 400
Boston, MA 02210
(617) 482-2333
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
August 4, 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(b) 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. 48576A100 | SCHEDULE 13D |
| 1 |
NAME OF REPORTING PERSONS
PureTech Health 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)
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 | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
| 8 | SHARED VOTING POWER
1,531,564 | |||||
| 9 | SOLE DISPOSITIVE POWER
0 | |||||
| 10 | SHARED DISPOSITIVE POWER
1,531,564 | |||||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,531,564 | |||||
| 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)
5.1* | |||||
| 14 | TYPE OF REPORTING PERSON (See Instructions)
CO | |||||
| * | This percentage is calculated based upon 29,953,422 shares of common stock outstanding of Karuna Therapeutics, Inc. (the “Issuer”) as of August 3, 2022, as set forth in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 8, 2022. |
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| CUSIP No. 48576A100 | SCHEDULE 13D |
| 1 |
NAME OF REPORTING PERSONS
PureTech Health plc | |||||
| 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 | |||||
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
7 | SOLE VOTING POWER
0 | ||||
| 8 | SHARED VOTING POWER
1,531,564 | |||||
| 9 | SOLE DISPOSITIVE POWER
0 | |||||
| 10 | SHARED DISPOSITIVE POWER
1,531,564 | |||||
| 11 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,531,564 | |||||
| 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)
5.1* | |||||
| 14 | TYPE OF REPORTING PERSON (See Instructions)
CO | |||||
| * | This percentage is calculated based upon 29,953,422 shares of common stock outstanding of Karuna Therapeutics, Inc. (the “Issuer”) as of August 3, 2022, as set forth in the Issuer’s Form 10-Q filed with the Securities and Exchange Commission on August 8, 2022. |
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| CUSIP No. 48576A100 | SCHEDULE 13D |
Explanatory Note
This Amendment No. 6 (“Amendment No. 6”) to Schedule 13D supplements and amends the Statement on Schedule 13D originally filed by PureTech Health LLC (“PureTech Health”) and PureTech Health plc (“PureTech Health plc”, and together with PureTech Health, the “Reporting Persons”) with the Securities and Exchange Commission (the “SEC”) on July 11, 2019 (the “Original Schedule 13D”), as amended by Amendment No. 1 to Schedule 13D filed on January 23, 2020 (“Amendment No. 1”), Amendment No. 2 to Schedule 13D filed on May 26, 2020 (“Amendment No. 2”), Amendment No. 3 to Schedule 13D filed on August 26, 2020 (“Amendment No. 3”), Amendment No. 4 to Schedule 13D on February 10, 2021 (“Amendment No. 4”) and Amendment No. 5 to Schedule 13D on November 12, 2021 (“Amendment No. 5” and, together with the Original Schedule 13D, the “Schedule 13D”). The Schedule 13D relates to the common stock, par value $0.0001 per share (the “Common Stock”), of Karuna Therapeutics, Inc., a Delaware corporation (the “Issuer”). The Issuer’s principal executive offices are located at 33 Arch Street, Suite 3110, Boston, MA 02110.
Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is amended and restated in its entirety as follows:
(a) As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of 1,531,564 shares of Common Stock, representing 5.1% of the 29,623,555 shares of the Issuer’s Common Stock outstanding as of August 3, 2022.
PureTech Health plc, may be deemed to beneficially own all of the shares of Common Stock held directly by PureTech Health.
(b) With respect to the number of shares of Common Stock as to which each Reporting Person has:
| (i) | sole power to vote or to direct the vote with respect to such shares of Common Stock, please see row 7 of the applicable cover sheet to this Schedule 13D for such Reporting Person; |
| (ii) | shared power to vote or to direct the vote with respect to such shares of Common Stock, please see row 8 of the applicable cover sheet to this Schedule 13D for such Reporting Person; |
| (iii) | sole power to dispose or direct the disposition of such shares of Common Stock, please see row 9 of the applicable cover sheet to this Schedule 13D for such Reporting Person; and |
| (iv) | shared power to dispose or to direct the disposition of such shares of Common Stock, please see row 10 of the applicable cover sheet to this Schedule 13D for such Reporting Person. |
(c) The information contained in Item 6 of this Amendment No. 6 is herein incorporated by reference. On August 8, 2022, the Reporting Persons sold 125,000 shares of Common Stock at a weighted average price of $230.39 per share in a series of open market transactions on the Nasdaq Global Market. Except as disclosed herein, none of (i) the Reporting Persons and (ii) to the Reporting Persons’ knowledge, the persons set forth on Schedule I of this Schedule 13D, has effected any transaction in the Issuer’s Common Stock during the past 60 days.
(d) Not applicable.
(e) Not applicable.
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| CUSIP No. 48576A100 | SCHEDULE 13D |
Item 6. Contracts; Arrangements, Understandings or relationship with respect to Securities of the Issuer
Item 6 of the Schedule 13D is hereby amended and supplemented as follows:
The Reporting Persons wrote a series of call options entitling the holders thereof to purchase up to 477,100 shares of Common Stock.
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| CUSIP No. 48576A100 | SCHEDULE 13D |
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
Dated: August 9, 2022
| PURETECH HEALTH LLC | ||
| By: | /s/ Daphne Zohar | |
| Name: | Daphne Zohar | |
| Title: | Chief Executive Officer | |
| PURETECH HEALTH PLC | ||
| By: | /s/ Daphne Zohar | |
| Name: | Daphne Zohar | |
| Title: | Chief Executive Off icer | |
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