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 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
BioXcel Therapeutics, Inc.
(Name of Issuer)
Common Stock, par value $0.001 per share
(Title of Class of Securities)
09075P105
(CUSIP Number)
December 31, 2020
(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)
x 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).
| CUSIP No. 09075P105 | |
| (1) Names of reporting persons | BioXcel LLC |
| (2) Check the appropriate box if a member of a group | (a) |
| (see instructions) | (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 | 9,020,000 |
| (7) Sole dispositive power | 0 |
| (8) Shared dispositive power | 9,020,000 |
| (9) Aggregate amount beneficially owned by each reporting person | 9,020,000 |
| (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions) | |
| (11) Percent of class represented by amount in Row (9) | 37.02% (*) |
| (12) Type of reporting person (see instructions) | OO (Limited Liability Company) |
(*) Based on 24,368,357 shares of Common Stock of the Issuer outstanding as of November 1, 2020 (as reported by the Issuer in its Form 10-Q filed with the Securities Exchange Commission on November 12, 2020).
| CUSIP No. 09075P105 | |
| (1) Names of reporting persons | BioXcel Holdings, Inc. |
| (2) Check the appropriate box if a member of a group | (a) |
| (see instructions) | (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 | 9,020,000 |
| (7) Sole dispositive power | 0 |
| (8) Shared dispositive power | 9,020,000 |
| (9) Aggregate amount beneficially owned by each reporting person | 9,020,000 |
| (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions) | |
| (11) Percent of class represented by amount in Row (9) | 37.02% (*) |
| (12) Type of reporting person (see instructions) | CO |
(*) Based on 24,368,357 shares of Common Stock of the Issuer outstanding as of November 1, 2020 (as reported by the Issuer in its Form 10-Q filed with the Securities Exchange Commission on November 12, 2020).
| CUSIP No. 09075P105 | |
| (1) Names of reporting persons | Krishnan Nandabalan |
| (2) Check the appropriate box if a member of a group | (a) |
| (see instructions) | (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 | 478,063 |
| (6) Shared voting power | 9,021,000 |
| (7) Sole dispositive power | 478,063 |
| (8) Shared dispositive power | 9,021,000 |
| (9) Aggregate amount beneficially owned by each reporting person | 9,499,063 |
| (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions) | |
| (11) Percent of class represented by amount in Row (9) | 38.23% (*) |
| (12) Type of reporting person (see instructions) | IN |
(*) Based on 24,368,357 shares of Common Stock of the Issuer outstanding as of November 1, 2020 (as reported by the Issuer in its Form 10-Q filed with the Securities Exchange Commission on November 12, 2020).
| CUSIP No. 09075P105 | |
| (1) Names of reporting persons | Vimal Mehta |
| (2) Check the appropriate box if a member of a group | (a) |
| (see instructions) | (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 | 613,001 |
| (6) Shared voting power | 9,022,000 |
| (7) Sole dispositive power | 613,001 |
| (8) Shared dispositive power | 9,022,000 |
| (9) Aggregate amount beneficially owned by each reporting person | 9,635,001 |
| (10) Check if the aggregate amount in Row (9) excludes certain shares (see instructions) | |
| (11) Percent of class represented by amount in Row (9) | 38.59% (*) |
| (12) Type of reporting person (see instructions) | IN |
(*) Based on 24,368,357 shares of Common Stock of the Issuer outstanding as of November 1, 2020 (as reported by the Issuer in its Form 10-Q filed with the Securities Exchange Commission on November 12, 2020).
Item 1(a) Name of issuer:
BioXcel Therapeutics, Inc.
Item 1(b) Address of issuer’s principal executive offices:
The Issuer’s principal executive offices are located at 555 Long Wharf Drive, New Haven, CT 06511.
2(a) Name of person filing:
This statement is filed by:
(i) BioXcel LLC;
(ii) BioXcel Holdings, Inc. (“Holdings”);
(iii) Krishnan Nandabalan (“Mr. Nandabalan”); and
(iv) Vimal Mehta (“Mr. Mehta”).
The foregoing persons are hereinafter sometimes collectively referred to as the “Reporting Persons.” Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party.
The filing of this statement should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the securities reported herein.
2(b) Address or principal business office or, if none, residence:
The principal business address of each of the Reporting Persons is 2614 Boston Post Road, Suite #33B, Guilford, CT 06437.
2(c) Citizenship:
BioXcel LLC is a limited liability company organized under the laws of the State of Delaware. Holdings is a corporation organized under the laws of the State of Delaware. Each of Mr. Nandabalan and Mr. Mehta is a citizen of the United States.
2(d) Title of class of securities:
Common Stock, par value $0.001 per share (the “Common Stock”)
2(e) CUSIP No.:
09075P105
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:
Not applicable
Item 4. Ownership.
The information required by this item with respect to each Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. The ownership percentages reported are based on 24,368,357 shares of Common Stock of the Issuer outstanding as of November 1, 2020 (as reported by the Issuer in its Form 10-Q filed with the Securities Exchange Commission on November 12, 2020).
As of the date hereof, BioXcel LLC is the record holder of 9,020,000 shares of Common Stock. BioXcel LLC is a subsidiary of Holdings. Each of Mr. Nandabalan and Mr. Mehta is a manager and officer of BioXcel LLC, and a director, officer and stockholder of Holdings. As such, each of Mr. Nandabalan and Mr. Mehta may be deemed to beneficially own the securities held of record by BioXcel LLC. Each of them disclaims any such beneficial ownership.
In addition to the shares held of record by BioXcel LLC, Mr. Nandabalan may be deemed to have sole voting and dispositive power with respect to 478,063 shares of Common Stock, which includes 478,063 shares of Common Stock issuable upon exercise of employee stock options that are currently exercisable or may be exercised within 60 days of the date hereof. In addition, Mr. Nandabalan may be deemed to have shared voting and dispositive power with respect to 1,000 shares of Common Stock held by the Sunanda Family Trust. In addition to the shares held of record by BioXcel LLC, Mr. Mehta may be deemed to beneficially own 615,001 shares of Common Stock, which includes 11,957 shares of Common Stock (of which 2,000 shares are owned jointly with Rooma Mehta, his spouse) and 603,044 shares of Common Stock issuable upon exercise of employee stock options that are currently exercisable or may be exercised within 60 days of the date hereof.
Item 5. Ownership of 5 Percent or Less of a Class.
Not applicable
Item 6. Ownership of More than 5 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. Certifications.
Not applicable
List of Exhibits
| Exhibit No. | Description | |
| 99 | Joint Filing Agreement (incorporated by reference to Exhibit 1 to the Schedule 13G filed by the Reporting Persons on May 14, 2020). |
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.
Dated February 16, 2021.
| BIOXCEL LLC | ||
| By: | /s/ Krishnan Nandabalan | |
| Name: Krishnan Nandabalan | ||
| Title: President | ||
| BIOXCEL HOLDINGS, INC. | ||
| By: | /s/ Krishnan Nandabalan | |
| Name: Krishnan Nandabalan | ||
| Title: President | ||
| By: | /s/ Krishnan Nandabalan | |
|
KRISHNAN NANDABALAN
| ||
| By: | /s/ Vimal Mehta | |
| VIMAL MEHTA | ||