Akili (AKLI) 10% owner Palihapitiya disposed of 13,773,000 shares

Insider transactions reported

Chamath Palihapitiya (10% owner at Akili Inc., AKLI) reported that they disposed of 13,773,000 shares on Jul 2, 2024. After these transactions the filing shows 0 shares held indirectly (See Footnote).

Reporting person

Palihapitiya Chamath

Holdings before and after

• Common Stock: 8,100,000 to 0 indirect, See Footnote

Footnotes from the filing

1. 1. Reflects disposition of shares of common stock (each, a Share ) of the Issuer at a price per Share of $0.4340 (the Offer Price ) pursuant to the terms of that certain Agreement and Plan of Merger (the Merger Agreement ), dated as of May 29, 2024, by and among the Issuer, Virtual Therapeutics Corporation, a Delaware corporation ( Parent ) and Alpha Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ( Purchaser ). Purchaser completed a tender offer for shares of common stock of the Issuer and thereafter merged with and into the Issuer, effective as of July 2, 2024 (the Effective Time ) with the Issuer surviving the merger. As of the Effective Time, each Share held by the Reporting Person or his affiliates was converted into the Offer Price.
2. 2. Reflects securities held directly by SC PIPE Holdings LLC ( SC PIPE Holdings ). The sole member of SC PIPE Holdings is SC Master Holdings, LLC ( SC Master Holdings ). SC Master Holdings is controlled by Mr. Palihapitiya.
3. 3. Reflects securities held directly by SC Master Holdings. SC Master Holdings is controlled by Mr. Palihapitiya.
4. 4. Reflects securities held directly by a trust for the benefit of members of Mr. Palihapitiya's immediate family.

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