Sec Form 13G Filing - Third Rock Ventures IV L.P. filing for Fulcrum Therapeutics Inc. (FULC) - 2020-02-05

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
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.     )*

 

 

Fulcrum Therapeutics, Inc.

(Name of Issuer)

 

 

COMMON STOCK, $0.001 PAR VALUE PER SHARE

(Title of Class of Securities)

359616109

(CUSIP Number)

December 31, 2019

(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).

 

 

 


CUSIP No. 359616109    SCHEDULE 13G    Page 2 of 7 Pages

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Third Rock Ventures IV, L.P.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☑

 

  3.  

  SEC USE ONLY

 

  4.  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.     

  SOLE VOTING POWER

 

  0

   6.   

  SHARED VOTING POWER

 

  2,343,154

   7.   

  SOLE DISPOSITIVE POWER

 

  0

   8.   

  SHARED DISPOSITIVE POWER

 

  2,343,154

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,343,154

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  10.0% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 23,340,544 shares of common stock issued and outstanding as of November 8, 2019, as disclosed in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 14, 2019.


CUSIP No. 359616109    SCHEDULE 13G    Page 3 of 7 Pages

 

  1.    

  NAMES OF REPORTING PERSONS

 

  Third Rock Ventures GP IV, L.P.

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☑

 

  3.  

  SEC USE ONLY

 

  4.  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.     

  SOLE VOTING POWER

 

  0

   6.   

  SHARED VOTING POWER

 

  2,343,154

   7.   

  SOLE DISPOSITIVE POWER

 

  0

   8.   

  SHARED DISPOSITIVE POWER

 

  2,343,154

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,343,154

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES  ☐

 

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  10.0% (1)

12.  

  TYPE OF REPORTING PERSON

 

  PN

 

(1)

The percent of class was calculated based on 23,340,544 shares of common stock issued and outstanding as of November 8, 2019, as disclosed in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 14, 2019.


CUSIP No. 359616109    SCHEDULE 13G    Page 4 of 7 Pages

 

  1.    

  NAMES OF REPORTING PERSONS

 

  TRV GP IV, LLC

  2.  

  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)  ☐        (b)  ☑

 

  3.  

  SEC USE ONLY

 

  4.  

  CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Delaware

NUMBER OF

SHARES

 BENEFICIALLY 

OWNED BY

EACH

REPORTING

PERSON

WITH

   5.     

  SOLE VOTING POWER

 

  0

   6.   

  SHARED VOTING POWER

 

  2,343,154

   7.   

  SOLE DISPOSITIVE POWER

 

  0

   8.   

  SHARED DISPOSITIVE POWER

 

  2,343,154

  9.    

  AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

  2,343,154

10.  

  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES   ☐

 

11.  

  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

 

  10.0% (1)

12.  

  TYPE OF REPORTING PERSON

 

  OO

 

(1)

The percent of class was calculated based on 23,340,544 shares of common stock issued and outstanding as of November 8, 2019, as disclosed in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 14, 2019.


CUSIP No. 359616109    SCHEDULE 13G    Page 5 of 7 Pages

 

Item 1.

     

Issuer

  

(a)

  

Name of Issuer:

     

Fulcrum Therapeutics, Inc. (the “Issuer”)

  

(b)

  

Address of Issuer’s Principal Executive Offices:

     

26 Landsdowne Street

Cambridge, MA 02139

Item 2.

     

Filing Person

  

(a) – (c)

  

Name of Persons Filing; Address; Citizenship:

     

(i) Third Rock Ventures IV, L.P. (“TRV IV”);

 

(ii)  Third Rock Ventures GP IV, L.P. (“TRV GP IV”), which is the sole general partner of TRV IV; and

 

(iii)  TRV GP IV, LLC (“TRV GP IV LLC,” and collectively with TRV IV and TRV GP IV, the “Reporting Persons”), which is the sole general partner of TRV GP IV.

 

The address of the principal business office of each of the Reporting Persons is Third Rock Ventures, LLC, 29 Newbury Street, 3rd Floor, Boston, MA 02116.

 

Each of TRV IV and TRV GP IV is a Delaware limited partnership. TRV GP IV LLC is a Delaware limited liability company.

  

(d)

  

Title of Class of Securities:

     

Common stock, $0.001 par value per share, (the “Common Stock”)

  

(e)

  

CUSIP Number:

 

359616109

Item 3.

  

If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:

  

(a)

  

  

Broker or dealer registered under Section 15 of the Act;

  

(b)

  

  

Bank as defined in Section 3(a)(6) of the Act;

  

(c)

  

  

Insurance company as defined in Section 3(a)(19) of the Act;

  

(d)

  

  

Investment company registered under Section 8 of the Investment Company Act of 1940;

  

(e)

  

  

An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);

  

(f)

  

  

An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);

  

(g)

  

  

A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);

  

(h)

  

  

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

  

(i)

  

   A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
  

(j)

 &# xA0;

  

A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);


CUSIP No. 359616109    SCHEDULE 13G    Page 6 of 7 Pages

 

  

(k)

  

   Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
      If filing as a non-U.S. institution in accordance with §240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4.

   Ownership.   
  

(a) and (b)

  

Amount beneficially owned:

     

(i) TRV IV directly owns 2,343,154 shares of Common Stock (the “Shares”), which represents approximately 10.0% of the outstanding shares of Common Stock.

     

(ii)  TRV GP IV is the general partner of TRV IV and may be deemed to beneficially own the Shares.

     

(iii)  TRV GP IV LLC is the general partner of TRV GP IV and may be deemed to beneficially own the Shares.

     (c)    Number of shares as to which such person has:
     
          Number of Shares of Common Stock  
    

Reporting Person

           (i)                      (ii)                      (iii)                      (iv)          
   TRV IV      0        2,343,154        0        2,343,154  
   TRV GP IV      0        2,343,154        0        2,343,154  
   TRV GP IV LLC      0        2,343,154        0        2,343,154  
     

(i) Sole power to vote or direct the vote

     

(ii)  Shared power to vote or to direct the vote

     

(iii)  Sole power to dispose or to direct the disposition of

     

(iv) Shared power to dispose or to direct the disposition of

   The percent of class was calculated based on 23,340,544 shares of common stock issued and outstanding as of November 8, 2019, as disclosed in the Issuer’s 10-Q filed with the Securities and Exchange Commission on November 14, 2019.

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 Control Person.
  

Not applicable.

Item 8.

  

Identification and Classification of Members of the Group.

  

Not applicable.

Item 9.

  

Notice of Dissolution of Group.

  

Not applicable.

Item 10.

  

Certification.

  

Not applicable.


CUSIP No. 359616109    SCHEDULE 13G    Page 7 of 7 Pages

 

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.

Date: February 5, 2020

 

THIRD ROCK VENTURES IV, L.P.
By:   THIRD ROCK VENTURES GP IV, L.P.,
General Partner
By:   TRV GP IV, LLC,
General Partner
By:  

/s/ Kevin Gillis

Kevin Gillis

Chief Operating Officer

THIRD ROCK VENTURES GP IV, L.P.
By:   TRV GP IV, LLC,
General Partner
By:  

/s/ Kevin Gillis

Kevin Gillis

Chief Operating Officer

TRV GP IV, LLC
By:  

/s/ Kevin Gillis

Kevin Gillis

Chief Operating Officer


EXHIBIT 99.1

Joint Filing Agreement

The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him, her or it contained herein, but shall not be responsible for the completeness and accuracy of the information concerning the other entities or persons, except to the extent that he, she or it knows or has reason to believe that such information is inaccurate.

Dated: February 5, 2020

 

THIRD ROCK VENTURES IV, L.P.
By:   THIRD ROCK VENTURES GP IV, L.P.,
General Partner
By:   TRV GP IV, LLC,
General Partner
By:  

/s/ Kevin Gillis

Kevin Gillis

Chief Operating Officer

THIRD ROCK VENTURES GP IV, L.P.
By:   TRV GP IV, LLC,
General Partner
By:  

/s/ Kevin Gillis

Kevin Gillis

Chief Operating Officer

TRV GP IV, LLC
By:  

/s/ Kevin Gil lis

Kevin Gillis

Chief Operating Officer