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.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- 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. ___)*
CinCor Pharma, Inc.
(Name of Issuer)
(Name of Issuer)
Common stock, $0.00001 par value per share
(Title of Class of Securities)
(Title of Class of Securities)
17240Y109
(CUSIP Number)
January 11, 2022
(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 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 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).
Continued on following pages
Page 1 of 13 Pages
Exhibit Index: Page 11
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SCHEDULE 13G
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CUSIP No. 17240Y109
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Page 2 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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venBio Global Strategic Fund III, L.P.
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|||
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||||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
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(a)☐
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|||||
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(b)☐
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|||
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3
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SEC USE ONLY
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|||
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||||
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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|||
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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|||
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||||
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6
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SHARED VOTING POWER
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1,980,706
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||||
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7
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SOLE DISPOSITIVE POWER
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0
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||||
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8
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SHARED DISPOSITIVE POWER
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1,980,706
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||||
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,980,706
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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☐
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||||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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5.6%
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||||
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN
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SCHEDULE 13G
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CUSIP No. 17240Y109
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Page 3 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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venBio Global Strategic GP III, L.P.
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||||
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
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(a)☐
|
|||||
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(b)☐
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3
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SEC USE ONLY
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||||
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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0
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|||
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||||
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6
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SHARED VOTING POWER
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1,980,706
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|||
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||||
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7
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SOLE DISPOSITIVE POWER
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0
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|||
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||||
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8
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SHARED DISPOSITIVE POWER
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||
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1,980,706
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|||
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||||
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
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||
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1,980,706
|
|
|
|||
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||||
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10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
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|
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||
|
☐
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|||
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||||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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5.6%
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|||
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||||
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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PN, HC
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||||
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SCHEDULE 13G
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CUSIP No. 17240Y109
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Page 4 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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venBio Global Strategic GP III, Ltd.
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||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
|
(a)☐
|
|||||
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(b)☐
|
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|||
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3
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SEC USE ONLY
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|||
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||||
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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Cayman Islands
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|
|||
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||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
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0
|
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|||
|
|
|
||||
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6
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SHARED VOTING POWER
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||
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1,980,706
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|
|||
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||||
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7
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SOLE DISPOSITIVE POWER
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0
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|
|||
|
|
|
||||
|
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
1,980,706
|
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|
|||
|
|
|
||||
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
|
☐
|
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|
|||
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|
||||
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
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5.6%
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|
|||
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|
||||
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12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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CO, HC
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||||
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SCHEDULE 13G
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CUSIP No. 17240Y109
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Page 5 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
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Robert Adelman
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|||
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||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
|
(a)☐
|
|||||
|
(b)☐
|
|
|
|||
|
3
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SEC USE ONLY
|
|
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||
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|
|||
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|
||||
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States of America
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|
|||
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|
||||
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
|
0
|
|
|
|||
|
|
|
||||
|
6
|
SHARED VOTING POWER
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
|
☐
|
|
|
|||
|
|
|
||||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
|
5.6%
|
|
|
|||
|
|
|
||||
|
12
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TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
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|
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||
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IN, HC
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|||
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||||
|
SCHEDULE 13G
|
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CUSIP No. 17240Y109
|
Page 6 of 11 Pages
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1
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NAMES OF REPORTING PERSONS
|
|
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||
|
Corey Goodman
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|
|||
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|
||||
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2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
|
(a)☐
|
|||||
|
(b)☐
|
|
|
|||
|
3
|
SEC USE ONLY
|
|
|
||
|
|
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|
|||
|
|
|
||||
|
4
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CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
|
United States of America
|
|
|
|||
|
|
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
|
0
|
|
|
|||
|
|
|
||||
|
6
|
SHARED VOTING POWER
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
|
☐
|
|
|
|||
|
|
|
||||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
|
5.6%
|
|
|
|||
|
|
|
||||
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
|
IN, HC
|
|
|
|||
|
|
|
||||
|
SCHEDULE 13G
|
|
|
CUSIP No. 17240Y109
|
Page 7 of 11 Pages
|
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
|
Aaron Royston
|
|
|
|||
|
|
|
||||
|
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 of America
|
|
|
|||
|
|
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
|
0
|
|
|
|||
|
|
|
||||
|
6
|
SHARED VOTING POWER
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
1,980,706
|
|
|
|||
|
|
|
||||
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
|
☐
|
|
|
|||
|
|
|
||||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
|
5.6%
|
|
|
|||
|
|
|
||||
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
|
IN, HC
|
|
|
|||
|
|
|
||||
|
CUSIP No. 17240Y109
|
Page 8 of 11 Pages
|
| Item 1(a). |
Name of Issuer
|
CinCor Pharma, Inc. (the “Issuer”)
| Item 1(b). |
Address of Issuer’s Principal Executive Offices
|
200 Clarendon Street, 6th Floor, Boston, MA 02116
| Item 2(a). |
Names of Persons Filing
|
This Statement is filed on behalf of the following persons (collectively, the “Reporting Persons”):
| i) |
venBio Global Strategic Fund III, L.P. (“Fund III”);
|
| ii) |
venBio Global Strategic GP III, L.P. (“General Partner III”);
|
| iii) |
venBio Global Strategic GP III, Ltd. (“GP Ltd. III”);
|
| iv) |
Robert Adelman (“Mr. Adelman”);
|
| v) |
Corey Goodman (“Mr. Goodman”); and
|
| vi) |
Aaron Royston (“Mr. Royston”)
|
This Statement relates to Shares (as defined herein) directly beneficially owned by Fund III. General Partner III is the sole general partner of Fund III, and GP Ltd. III is
the sole general partner of General Partner III. Mr. Adelman, Mr. Goodman and Mr. Royston are directors of GP Ltd. III (collectively, the “Directors”). Accordingly, each of General Partner III, GP Ltd. III, and the Directors may be deemed to
indirectly beneficially own the Shares reported herein.
| Item 2(b). |
Address of Principal Business Office or, if None, Residence
|
The address of the principal business office of each Reporting Person is c/o venBio Partners, LLC, 1700 Owens Street, Suite 595, San Francisco, CA 94158.
| Item 2(c). |
Citizenship
|
Each of Fund III and General Partner III is a Cayman Islands exempted limited partnership. GP Ltd. III is a Cayman Islands exempted company. Each of the Directors is a citizen
of the United States of America.
| Item 2(d). |
Title of Class of Securities
|
Common stock, $0.00001 par value per share (the “Shares”)
| Item 2(e). |
CUSIP Number
|
17240Y109
| Item 3. |
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
|
This Item 3 is not applicable.
|
CUSIP No. 17240Y109
|
Page 9 of 11 Pages
|
| Item 4. |
Ownership
|
| Item 4(a) |
Amount Beneficially Owned
|
As of the date hereof, each of the Reporting Persons may be deemed to beneficially own 1,980,706 Shares.
| Item 4(b) |
Percent of Class
|
The percentages set forth in row 11 are based on 35,419,099 Shares expected to be outstanding upon closing of the Issuer’s initial public offering on January 11, 2022, as
reported in the Issuer’s registration statement on Form S-1, file number 333-261738.
|
(c)
|
Number of shares as to which such person has:
|
||
|
(i)
|
sole power to vote or to direct the vote: See Line 5 of cover sheets.
|
||
|
(ii)
|
shared power to vote or to direct the vote: See Line 6 of cover sheets.
|
||
|
(iii)
|
sole power to dispose or to direct the disposition of: See Line 7 of cover sheets.
|
||
|
(iv)
|
shared power to dispose or to direct the disposition of: See Line 8 of cover sheets.
|
||
Each Reporting Person disclaims beneficial ownership of such securities except for the shares, if any, such Reporting Person holds of record.
| Item 5. |
Ownership of Five Percent or Less of a Class
|
This Item 5 is not applicable.
| Item 6. |
Ownership of More than Five Percent on Behalf of Another Person
|
This Item 6 is 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
|
See disclosure in Item 2 hereof.
| Item 8. |
Identification and Classification of Members of the Group
|
This Item 8 is not applicable.
| Item 9. |
Notice of Dissolution of Group
|
This Item 9 is not applicable.
| Item 10. |
Certification
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection
with a nomination under § 240.14a-11.
|
CUSIP No. 17240Y109
|
Page 10 of 11 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.
Date: January 11, 2022
|
VENBIO GLOBAL STRATEGIC FUND III, L.P.
|
||
|
By:
|
VENBIO GLOBAL STRATEGIC GP III, L.P.
|
|
|
General Partner
|
||
|
By:
|
venBio Global Strategic GP III, Ltd.
|
|
|
General Partner
|
||
|
By:
|
*
|
|
|
Director
|
||
|
VENBIO GLOBAL STRATEGIC GP III, L.P.
|
||
|
By:
|
VENBIO GLOBAL STRATEGIC GP III, LTD.
|
|
|
General Partner
|
||
|
By:
|
*
|
|
|
Director
|
||
|
VENBIO GLOBAL STRATEGIC GP III, LTD.
|
||
|
By:
|
*
|
|
|
Director
|
||
|
*
|
||
|
Robert Adelman
|
||
|
*
|
||
|
Corey Goodman
|
||
|
*
|
||
|
Aaron Royston
|
||
|
*By:
|
/s/ David Pezeshki
|
|
|
David Pezeshki
|
||
|
As attorney-in-fact
|
||
This Schedule 13G was executed by David Pezeshki on behalf of the individual listed above pursuant to a Power of Attorney, a copy of which is attached as Exhibit 2.
|
CUSIP No. 17240Y109
|
Page 11 of 11 Pages
|
EXHIBIT INDEX
|
Ex.
|
Page No.
|
|
|
1
|
12
|
|
|
2
|
13
|