Shao-Lee Lin - 04 May 2023 Form 3 Insider Report for ACELYRIN, Inc. (SLRN)

Role
Chief Executive Officer, Director
Signature
/s/ Mina Kim, Attorney-in-fact
Issuer symbol
SLRN
Transactions as of
04 May 2023
Transactions value $
$0
Form type
3
Date filed
04 May 2023, 18:43
Previous filing
27 Oct 2022
Next filing
11 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding SLRN Class A Common Stock 1.11M 04 May 2023 Direct F1, F2
holding SLRN Class A Common Stock 678K 04 May 2023 See footnote F1, F3
holding SLRN Class A Common Stock 355K 04 May 2023 See footnote F1, F4
holding SLRN Class A Common Stock 355K 04 May 2023 See footnote F1, F5
holding SLRN Class A Common Stock 350K 04 May 2023 See footnote F1, F6
holding SLRN Class A Common Stock 5.07K 04 May 2023 See footnote F1, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding SLRN Series B Redeemable Convertible Preferred Stock 04 May 2023 Class A Common Stock 978K See footnote F1, F8, F9
holding SLRN Series C Redeemable Convertible Preferred Stock 04 May 2023 Class A Common Stock 183K See footnote F1, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class A Common Stock shall be reclassified into one share of Common Stock immediately prior to the completion of the Issuer's initial public offering of Common Stock (the "IPO").
F2 Represents Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Issuer's Common Stock upon settlement. Vested RSUs will settle into shares of Common Stock on the earlier to occur of (i) the completion of the IPO and (ii) a change in control.
F3 Shares held directly by Shao-Lee Lin, Trustee of the Shao-Lee Lin Trust u/a/d September 23, 2005, for which the Reporting Person serves as Trustee
F4 Shares held directly by Shao-Lee Lin 2020 Gift Trust Dtd 7/16/20, for which the Reporting Person's spouse serves as trustee.
F5 Shares held directly by Lin Family 2020 Gift Trust Dtd 7/16/20, for which the Reporting Person's spouse shares voting and investment power.
F6 Shares held directly by Susie Jun 2020 Gift Trust dtd 7/16/20, for which the Reporting Person serves as trustee.
F7 Shares held directly by Susie Jun, Trustee of the Susie Jun Trust U/A/D September 23, 2005, for which the Reporting Person's spouse serves as trustee.
F8 Each share of preferred stock is convertible into one share of Class A Common Stock or, subject to and in accordance with certain provisions set forth in the Issuer's certificate of incorporation, Class B Common Stock, and has no expiration date. Immediately prior to the completion of the IPO, all shares of preferred stock will automatically convert into shares of Common Stock.
F9 Shares held directly by Woodland Hills Partners LLC, for which the Reporting Person serves as a managing member.

Remarks:

Exhibit 24 - Power of Attorney