Sec Form 4 Filing - KPCB PBD Associates, LLC @ Sagimet Biosciences Inc. - 2023-07-18

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person KPCB PBD Associates, LLC 2. Issuer Name and Ticker or Trading Symbol Sagimet Biosciences Inc. [ SGMT] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O KLEINER PERKINS CAUFIELD & BYERS, 2750 SAND HILL ROAD 3. Date of Earliest Transaction (MM/DD/YY) 07/18/2023 (Street) MENLO PARK, CA94025 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 07/18/2023 J( 1 ) 38,763 D 0 I See footnote ( 2 ) Series A Common Stock 07/18/2023 J( 1 ) 38,763 A 38,763 I See footnote ( 2 ) Series A Common Stock 07/18/2023 C( 3 ) 1,860,712 A 1,899,475 I See footnote ( 2 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Series A Preferred Stock ( 3 ) 07/18/2023 C( 3 ) 539,006 ( 3 ) ( 3 ) Common Stock 6,781 $ 0 0 I See footnote ( 2 ) Series B Preferred Stock ( 3 ) 07/18/2023 C( 3 ) 493,370 ( 3 ) ( 3 ) Common Stock 6,208 $ 0 0 I See footnote ( 2 ) Series B-1 Preferred Stock ( 3 ) 07/18/2023 C( 3 ) 8,596,590 ( 3 ) ( 3 ) Common Stock 108,163 $ 0 0 I See footnote ( 2 ) Series C Preferred Stock ( 3 ) 07/18/2023 C( 3 ) 8,596,589 ( 3 ) ( 3 ) Common Stock 108,163 $ 0 0 I See footnote ( 2 ) Series D Preferred Stock ( 3 ) 07/18/2023 C( 3 ) 6,103,580 ( 3 ) ( 3 ) Common Stock 76,796 $ 0 0 I See footnote ( 2 ) Series E Preferred Stock ( 3 ) 07/18/2023 C( 3 ) 103,127,234 ( 3 ) ( 3 ) Common Stock 1,297,549 $ 0 0 I See footnote ( 2 ) Series F Preferred Stock ( 3 ) 07/18/2023 C( 3 ) 20,430,107 ( 3 ) ( 3 ) Common Stock 257,052 $ 0 0 I See footnote ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other KPCB PBD Associates, LLC C/O KLEINER PERKINS CAUFIELD & BYERS 2750 SAND HILL ROAD MENLO PARK, CA94025 X KPCB PANDEMIC & BIO DEFENSE FUND LLC C/O KLEINER PERKINS CAUFIELD & BYERS 2750 SAND HILL ROAD MENLO PARK, CA94025 X Signatures KPCB PBD Associates, LLC, By: /s/ Susan Biglieri, CFO 07/20/2023 Signature of Reporting Person Date KPCB Pandemic and Bio Defense Fund, LLC, By: KPCB PBD Associates, LLC, its managing member, By: /s/ Susan Biglieri, CFO 07/20/2023 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Pursuant to a reclassification exempt under Rule 16b-7, each share of Common Stock was reclassified into one share of Series A Common Stock. ( 2 )Upon closing of the Issuer's initial public offering, each share of Series A Preferred Stock, Series B Preferred Stock, Series B-1 Preferred Stock, Series C Preferred Stock, Series D Preferred Stock, Series E Preferred Stock and Series F Preferred Stock (collectively, the "Preferred Stock") automatically converted into on a 79.4784-to-one basis into Series A Common Stock. The Preferred Stock had no expiration date. ( 3 )Represents shares held directly by KPCB Pandemic and Bio Defense Fund, LLC ("KPCB PBD"). The managing member of KPCB PBD is KPCB PBD Associates, LLC (" KPCB PBD Associates"). All securities are held for convenience in the name of "KPCB Holdings, Inc., as nominee". KPCB PBD Associates disclaims Section 16 beneficial ownership of the shares reported herein except to the extent of its pecuniary interest therein, if any, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of any of the reported shares for purposes of Section 16 or any other purpose.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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