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>>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO § 240.13d-2
Under
the Securities Exchange Act of 1934
(Amendment No. 1)*
Gracell Biotechnologies Inc.
(Name of Issuer)
Ordinary shares, par value $0.0001 per share
(Title of Class of Securities)
38406L 103**
(CUSIP Number)
December 31, 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:
| o | Rule 13d-1(b) |
| o | 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 disclosures provided in a prior cover page.
** CUSIP number 38406L 103 has been assigned to the American depositary shares (“ADSs”) of Gracell Biotechnologies Inc. (the “Issuer,”) which are quoted on The Nasdaq Global Select Market under the symbol “GRCL.” Each ADS represents five ordinary shares of the Issuer. No CUSIP has been assigned to the Issuer’s ordinary shares.
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).
| 1 | Name
of Reporting Person William Wei Cao | ||
| 2 | Check the Appropriate Box if a Member of a Group (a) ¨ (b) ¨ | ||
| 3 | SEC Use Only | ||
| 4 | Citizenship
or Place of Organization People’s Republic of China | ||
| Number
of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole
Voting Power 95,146,385(1) | |
| 6 | Shared
Voting Power 0 | ||
| 7 | Sole
Dispositive Power 95,146,385 (1) | ||
| 8 | Shared
Dispositive Power 0 | ||
| 9 | Aggregate
Amount Beneficially Owned by Each Reporting Person 95,146,385 (1) | ||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨ | ||
| 11 | Percent
of Class Represented by Amount in Row 9 26.9% (2) | ||
| 12 | Type
of Reporting Person IN | ||
| (1) | Represents (i) 18,434,448 ADSs directly held by Gracell Venture Holdings Limited, representing 92,172,240 ordinary shares, and (ii) 594,829 ADSs that William Wei Cao has the rights to acquire within 60 days of December 31, 2022, representing 2,974,145 ordinary shares. Gracell Venture Holdings Limited is a company incorporated in the British Virgin Islands. Gracell Venture Holdings Limited is wholly owned by Land Blossom Limited, a company incorporated in the British Virgin Islands. Land Blossom Limited, under The Cao Family Trust, or the Trust, established under the law of Republic of Singapore and managed by VISTRA Trust (Singapore) Pte. Limited, or the Trustee, is wholly owned and managed by the Trustee. Dr. William Wei Cao is the Settlor of the Trust and Dr. Cao and his family members are the Trust’s beneficiaries. Under the terms of the Trust, Dr. Cao has the power to direct the Trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to the shares held by Gracell Venture Holdings Limited in the Issuer. |
| (2) | Calculation is based on a total of 353,897,862 ordinary shares of the Issuer outstanding as of December 31, 2022. |
2
| 1 | Name
of Reporting Person Gracell Venture Holdings Limited | ||
| 2 | Check the Appropriate Box if a Member of a Group (a) ¨ (b) ¨ | ||
| 3 | SEC Use Only | ||
| 4 | Citizenship
or Place of Organization British Virgin Islands | ||
| Number
of Shares Beneficially Owned by Each Reporting Person With |
5 | Sole
Voting Power 92,172,240 (3) | |
| 6 | Shared
Voting Power 0 | ||
| 7 | Sole
Dispositive Power 92,172,240 (3) | ||
| 8 | Shared
Dispositive Power 0 | ||
| 9 | Aggregate
Amount Beneficially Owned by Each Reporting Person 92,172,240 (3) | ||
| 10 | Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨ | ||
| 11 | Percent
of Class Represented by Amount in Row 9 26.0% (4) | ||
| 12 | Type
of Reporting Person CO | ||
| (3) | Represents 18,434,448 ADSs, representing 92,172,240 ordinary shares, directly held by Gracell Venture Holdings Limited, a company incorporated in the British Virgin Islands. Gracell Venture Holdings Limited is wholly owned by Land Blossom Limited, a company incorporated in the British Virgin Islands. Land Blossom Limited, under The Cao Family Trust, or the Trust, established under the law of Republic of Singapore and managed by VISTRA Trust (Singapore) Pte. Limited, or the Trustee, is wholly owned and managed by the Trustee. Dr. William Wei Cao is the Settlor of the Trust and Dr. Cao and his family members are the Trust’s beneficiaries. Under the terms of the Trust, Dr. Cao has the power to direct the Trustee with respect to the retention or disposal of, and the exercise of any voting and other rights attached to the shares held by Gracell Venture Holdings Limited in the Issuer. |
| (4) | Calculation is based on a total of 353,897,862 ordinary shares of the Issuer outstanding as of December 31, 2022. |
3
| Item 1(a). | Name
of Issuer: Gracell Biotechnologies Inc. (the “Issuer”) |
| Item 1(b). | Address
of Issuer’s Principal Executive Offices: Biobay Industrial Park, 218 Sangtian St., Suzhou Industrial Park People’s Republic of China |
| Item 2(a). | Name
of Person Filing: (ii) Gracell Venture Holdings Limited (collectively, the “Reporting Persons”). |
| Item 2(b). | Address
of Principal Business Office or, if none, Residence:
(i) William Wei Cao: Building 12, Block B, Phase II Biobay Industrial Park, 218 Sangtian St., Suzhou Industrial Park People’s Republic of China
(ii) Gracell Venture Holdings Limited: Sertus Chambers, P.O. Box 905 Quastisky Building, Road Town, Tortola British Virgin Islands |
| Item 2(c) | Citizenship: William Wei Cao – People’s Republic of China Gracell Venture Holdings Limited – British Virgin Islands |
| Item 2(d). | Title of Class of Securities: Ordinary shares, par value US$0.0001 per share |
| Item 2(e). | CUSIP
Number: 38406L 103. This CUSIP number applies to the American depositary shares, each representing five ordinary shares of the Issuer. |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the persons filing is a: |
| Not applicable | |
| Item 4. | Ownership: |
| Reporting Person | Amount beneficially owned: | Percent | Percent of aggregate voting power: | Sole power to vote or direct the vote: | Shared power to vote or to direct the vote: | Sole power to dispose or to direct the disposition of: | Shared power to dispose or to direct the disposition of: | |||||||||||||||||||||
| William Wei Cao | 95,146,385 | 26.9 | % | 26.9 | % | 95,146,385 | 0 | 95,146,385 | 0 | |||||||||||||||||||
| Gracell Venture Holdings Limited | 92,172,240 | 26.0 | % | 26.0 | % | 92,172,240 | 0 | 92,172,240 | 0 | |||||||||||||||||||
| (1) | The percentage of class of securities beneficially owned by each Reporting Person is based on a total of 353,897,862 ordinary shares of the Issuer outstanding as of December 31, 2022. |
4
| 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 Controlling Person: |
| Not applicable | |
| Item 8. | Identification and Classification of Members of the Group: |
| See Item 2(a) in lieu of an exhibit. | |
| Item 9. | Notice of Dissolution of Group: |
| Not applicable | |
| Item 10. | Certifications: |
| Not applicable | |
5
LIST OF EXHIBIT
| Exhibit No. | Description | |
| 99.1 | Joint Filing Agreement |
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.
Dated: February 7, 2023
William Wei Cao | ||
| /s/ William Wei Cao | ||
Gracell Venture Holdings Limited | ||
| By: | /s/ William Wei Cao | |
| Name: | William Wei Cao | |
| Title: | Director | |