Terrance P. Coyne - 08 Aug 2023 Form 4 Insider Report for Royalty Pharma plc (RPRX)

Role
EVP & CFO
Signature
/s/ Sean Weisberg, as Attorney-in-Fact for Terrance P. Coyne
Issuer symbol
RPRX
Transactions as of
08 Aug 2023
Transactions value $
$0
Form type
4
Filing time
08 Aug 2023, 17:37:41 UTC
Previous filing
14 Jul 2023
Next filing
11 Aug 2023
SEC
View on sec.gov

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
transaction RPRX ICAI Interests Gift $0 -1.65K -3.44% $0.00 46.4K 08 Aug 2023 Limited Partnership interests in RPI US Partners 2019, LP 1.65K By TPC ICAI, LLC F1, F2, F3
holding RPRX ICAI Interests 94.6K 08 Aug 2023 Limited Partnership interests in RPI US Partners 2019, LP 94.6K $0.00 By TPC RP 2021, LLC F3
holding RPRX ICAI Interests 210K 08 Aug 2023 Limited Partnership interests in RPI US Partners 2019, LP 210K $0.00 By TPC RP, LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No ICAI Interests or limited partnership interests in RPI US Partners 2019, LP ("RPI US LP") are being exchanged by the Reporting Person. ICAI Interests represent a grant of an equivalent number of limited partnership interest in RPI US LP ("RPI US LP Interest"). Each RPI US LP Interest may be exchanged for ten Class B Interests in Royalty Pharma Holdings Limited ("Holdings"). Each Class B Interest in Holdings so distributed will be exchanged for one Class A Ordinary Share of the Issuer. Any exchanges will be made pursuant to the terms of the Exchange Agreement dated June 16, 2020, among the Issuer, Holdings, RPI US LP, RPI International Holdings 2019, LP, RPI International Partners 2019, LP and RPI EPA Holdings, LP (the "Exchange Agreement"). No additional value will be paid by the Reporting Person in connection with an exchange.
F2 The Reporting Person made a charitable donation of ICAI Interests. No Class A Ordinary Shares, RPI US LP Interests or ICAI Interests were sold.
F3 Represents ICAI Interests. Each ICAI Interests represents a grant of an equivalent number of RPI US LP Interests. Each RPI US LP Interest can be exchanged for ten Class B Interests in Holdings at any time and for no additional value, which exchange right does not expire until so converted. Upon such exchange, each Class B Interest in Holdings issued in exchange for a RPI US LP Interest will be exchanged for one Class A Ordinary Share of the Issuer for no additional value.

Remarks:

In addition to the holdings disclosed above, the Reporting Person and family vehicles controlled by the Reporting Person hold 915,390 Class A Ordinary Shares and RPI US LP Interests that are exchangeable into 2,964,680 Class A Ordinary Shares.