Major owner of Theravance just picked up 686,649 shares

Springs Capital Rock, a major owner of Theravance, recently acquired 686,649 shares of the company. The buys took place at prices ranging from $0.00 to $16.00 per share, on October 12, 2021. Rock now owns 599,320 shares of the company. Rock operates out of Baltimore, MD. Some additional info was provided as follows:


The total represents shares received upon conversion of shares of Series B Convertible Preferred Stock.
The reported security converted into the issuer's Common Stock on a one-for-one basis automatically immediately prior to the closing of the issuer's initial public offering without payment of further consideration. The shares have no expiration date.
The securities reported herein are held of record by Rock Springs Capital Master Fund LP ("Mast er Fund"). Rock Springs Capital LLC ("RSC") is the general partner of Rock Springs Capital Management LP ("RSCM") which is the investment manager to Master Fund. RSC and RSCM may therefore be deemed to have or share beneficial ownership of the shares held directly by Master Fund.
The securities reported herein are held of record by Four Pines Master Fund LP ("Four Pines"). RSC is the general partner of RSCM which is the investment manager to Four Pines. RSC and RSCM may therefore be deemed to have or share beneficial ownership of the shares held directly by Four Pines.
Represents shares purchased in the issuer's initial public offering.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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