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
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- 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. )*
DECIPHERA PHARMACEUTICALS INC
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
24344T101
(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:
☑ 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 11 Pages
Exhibit Index: Page 10
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CUSIP No. 24344T101
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Page 2 of 11 Pages
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1.
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Names of Reporting Persons.
BRAIDWELL LP
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2.
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Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
Delaware
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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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6.
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Shared Voting Power
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4,599,4841 | ||
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7.
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Sole Dispositive Power
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-0- | ||
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8.
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4,599,4841 | |||
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
4,599,4841
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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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11.
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Percent of Class Represented by Amount in Row (9)
6.68%2
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12.
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Type of Reporting Person:
IA, PN
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1 Consists of 3,383,351 Shares (as defined herein) and 1,216,133 Shares issuable upon the exercise of immediately
exercisable pre-funded warrants (“Warrants”), all of which are directly owned by Braidwell Partners Master Fund LP.
2 Based on 67,637,351 Shares outstanding as of December 31, 2022, as reported in the Issuer’s annual report on Form
10-K for the fiscal year ended December 31, 2022 filed with the Securities and Exchange Commission (the “SEC”) on February 7, 2023, plus the 1,216,133 Shares the Reporting Persons have the right to acquire upon exercise of
Warrants, which amount has been added to the shares outstanding in accordance with Rule 13d-3(d)(i)(1) under the Act.
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CUSIP No. 24344T101
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Page 3 of 11 Pages
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| 1. |
Names of Reporting Persons.
BRAIDWELL MANAGEMENT LLC
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| 2. |
Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐
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| 3. | SEC Use Only | |||
| 4. |
Citizenship or Place of Organization
Delaware
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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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| 6. |
Shared Voting Power
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4,599,4841
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| 7. |
Sole Dispositive Power
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-0-
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| 8. |
Shared Dispositive Power
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< div>4,599,4841 | ||
| 9. |
Aggregate Amount Beneficially Owned by Each Reporting Person
4,599,4841
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| 10. |
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)
☐
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| 11. |
Percent of Class Represented by Amount in Row (9)
6.68%2
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| 12. |
Type of Reporting Person:
HC, OO
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CUSIP No. 24344T101
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Page 4 of 11 Pages
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1.
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Names of Reporting Persons.
ALEXANDER T. KARNAL
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2.
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Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
United States of America
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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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6.
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4,599,4841 | |||
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7.
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Sole Dispositive Power
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-0- | ||
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8.
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4,599,4841 | |||
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
4,599,4841
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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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11.
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Percent of Class Represented by Amount in Row (9)
6.68%2
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12.
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Type of Reporting Person:
IN, HC
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CUSIP No. 24344T101
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Page 5 of 11 Pages
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1.
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Names of Reporting Persons.
BRIAN J. KREITER
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2.
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Check the Appropriate Box if a Member of a Group
(a) ☐
(b) ☐
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3.
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SEC Use Only
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4.
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Citizenship or Place of Organization
United States of America
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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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6.
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Shared Voting Power
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4,599,4841 | ||
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7.
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Sole Dispositive Power
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-0- | ||
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8.
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Shared Dispositive Power
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4,599,4841 | ||
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9.
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Aggregate Amount Beneficially Owned by Each Reporting Person
4,599,4841
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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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11.
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Percent of Class Represented by Amount in Row (9)
6.68%2
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12.
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Type of Reporting Person:
HC, OO
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CUSIP No. 24344T101
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Page 6 of 11 Pages
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Item 1(a). Name of Issuer:
Deciphera Pharmaceuticals, Inc.
Item 1(b). Address of Issuer’s Principal Executive Offices:
200 Smith Street
Waltham, MA, 02451
.
Item 2(a). Name of Person Filing
This initial filing is being jointly filed by Braidwell LP, Braidwell Management LLC, Alexander Karnal and Brian Kreiter (the “Reporting Persons”).
Item 2(b). Address of Principal Business Office or, if None, Residence:
The business address of each Reporting Person is:
2200 Atlantic St
4th Floor
Stamford, CT 06902
Item 2(c). Citizenship:
Braidwell LP is a limited partnership organized under the laws of the State of Delaware.
Braidwell Management LLC is a limited liability company organized under the laws of the State of Delaware. Alexander Karnal and Brian Kreiter are both citizens of the United States of America.
Item 2(d). Title of Class of Securities:
Common Stock, $0.01 par value (the “Shares”)
Item 2(e). CUSIP Number:
24344T101
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:
(e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
(g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G)
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CUSIP No. 24344T101
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Page 7 of 11 Pages
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Item 4. Ownership:
Item 4(a) Amount Beneficially Owned:
Items 5-9 of each cover page are incorporated by reference. Each Reporting Person may be deemed to be the beneficial owner of 4,599,484 Shares, which amount consists of 3,383,351 Shares and 1,216,133 Shares issuable upon
the exercise of Warrants, all of which are directly owned by Braidwell Partners Master Fund LP.
Item 4(b) Percent of Class:
Each Reporting Person may be deemed to beneficially own 6.68% of the Shares, which is calculated based on 67,637,351 Shares outstanding as of December 31, 2022, as reported in the Issuer’s annual report on Form 10-K for
the fiscal year ended December 31, 2022 filed with the SEC on February 7, 2023, plus the 1,216,133 Shares the Reporting Persons have the right to acquire upon exercise of Warrants, which amount has been added to the shares outstanding in accordance
with Rule 13d-3(d)(i)(1) under the Act.
Item 4(c) Number of Shares as to which such person
has:
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(i) |
Sole power to vote or direct the vote:
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-0- |
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(ii) |
Shared power to vote or direct the vote:
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4,599,484 |
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(iii) |
Sole power to dispose or direct the disposition of:
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-0- |
| (iv) |
Shared power to dispose or direct the disposition of: | 4,599,484 |
Item 5. Ownership of Five Percent or Less of a Class:
n/a
Item 6. Ownership of More than Five Percent on Behalf of Another Person:
n/a
Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent
Holding Company or Control Person:
The information in Item 4 is incorporated herein.
Item 8. Identification and Classification of Members of the Group:
n/a
Item 9. Notice of Dissolution of Group:
n/a
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CUSIP No. 24344T101
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Page 8 of 11 Pages
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Item 10. Certification:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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.
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CUSIP No. 24344T101
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Page 9 of 11 Pages
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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.
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February 14, 2023
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BRAIDWELL LP
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BY:
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BRAIDWELL MANAGEMENT, LLC,
ITS GENERAL PARTNER
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BY:
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/S/ MANISH K. MITAL
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NAME: MANISH K. MITAL
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TITLE: AUTHORIZED SIGNATORY
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BRAIDWELL MANAGEMENT LLC
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BY:
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/S/ MANISH K. MITAL
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NAME: MANISH K. MITAL
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TITLE: AUTHORIZED SIGNATORY
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ALEXANDER T. KARNAL
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/s/ ALEXANDER T. KARNAL
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BRIAN J. KREITER
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/s/ BRIAN J. KREITER
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CUSIP No. 24344T101
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Page 10 of 11 Pages
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EXHIBIT INDEX
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Ex.
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Page No.
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A
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Joint Filing Agreement, dated February 14, 2023, by and among the Reporting Persons
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11
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CUSIP No. 24344T101
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Page 11 of 11 Pages
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EXHIBIT A
JOINT FILING AGREEMENT
The undersigned hereby agree that the statement on Schedule 13G with respect to the Common Stock of Deciphera Pharmaceuticals, Inc. dated as of February 14, 2023 is, and any amendments thereto (including amendments on Schedule 13D) signed by each of
the undersigned shall be, filed on behalf of each of us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.
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February 14, 2023
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BRAIDWELL LP
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BY:
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BRAIDWELL MANAGEMENT, LLC,
ITS GENERAL PARTNER
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BY:
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/S/ MANISH K. MITAL
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NAME: MANISH K. MITAL
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TITLE: AUTHORIZED SIGNATORY
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BRAIDWELL MANAGEMENT LLC
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BY:
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/S/ MANISH K. MITAL
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NAME: MANISH K. MITAL
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TITLE: AUTHORIZED SIGNATORY
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ALEXANDER T. KARNAL
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/s/ ALEXANDER T. KARNAL
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BRIAN J. KREITER
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/s/ BRIAN J. KREITER
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