Versant Ventures VII GP, L.P. reports a conversion at LYCA

By AlphaYouPublished Oct 28, 2026Form 4

Stocks in this disclosure

Reported activity

Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC

Reporting filer

Versant Ventures VII GP, L.P. reports a conversion, not an open-market purchase or sale, in Lycia Therapeutics, Inc.. Form 4 filed Oct 28, 2026 lists 4 entries.

Disclosed: Oct 28, 2026

Reported details

4 entries

All validated entries in this disclosure
Security	Owner	Date	Code	Action	Quantity	Price	Following holdings	Reporting delay	Filed terms and references
Common Stock	Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC	2026-10-26	C	Conversion	5631425	Not stated (see footnotes)	5,631,425	2 days	Filed terms security Title: Common Stock transaction Date: 2026-10-26 transaction Form Type: 4 transaction Code: C equity Swap Involved: false transaction Shares: 5631425 id: F1 transaction Acquired Disposed Code: A shares Owned Following Transaction: 5631425 direct Or Indirect Ownership: I nature Of Ownership: See Footnote id: F2
Common Stock	Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC	2026-10-26	C	Conversion	1393882	Not stated (see footnotes)	1,393,882	2 days	Filed terms security Title: Common Stock transaction Date: 2026-10-26 transaction Form Type: 4 transaction Code: C equity Swap Involved: false transaction Shares: 1393882 id: F1 transaction Acquired Disposed Code: A shares Owned Following Transaction: 1393882 direct Or Indirect Ownership: I nature Of Ownership: See Footnote id: F3
Series A Preferred Stock (derivative)	Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC	2026-10-26	C	Conversion	25390410	Not stated (see footnotes)	0	2 days	Filed terms security Title: Series A Preferred Stock id: F1 transaction Date: 2026-10-26 transaction Form Type: 4 transaction Code: C equity Swap Involved: false transaction Shares: 25390410 id: F1 transaction Acquired Disposed Code: D id: F1 id: F1 underlying Security Title: Common Stock underlying Security Shares: 5631425 shares Owned Following Transaction: 0 direct Or Indirect Ownership: I nature Of Ownership: See Footnote id: F2
Series B Preferred Stock (derivative)	Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC	2026-10-26	C	Conversion	6284597	Not stated (see footnotes)	0	2 days	Filed terms security Title: Series B Preferred Stock id: F1 transaction Date: 2026-10-26 transaction Form Type: 4 transaction Code: C equity Swap Involved: false transaction Shares: 6284597 id: F1 transaction Acquired Disposed Code: D id: F1 id: F1 underlying Security Title: Common Stock underlying Security Shares: 1393882 shares Owned Following Transaction: 0 direct Or Indirect Ownership: I nature Of Ownership: See Footnote id: F3

Common Stock

Owner: Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC
Date: 2026-10-26
Code: C
Action: Conversion
Quantity: 5631425
Price: Not stated (see footnotes)
Following holdings: 5,631,425
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Common Stock
transaction Date: 2026-10-26
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 5631425
id: F1
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 5631425
direct Or Indirect Ownership: I
nature Of Ownership: See Footnote
id: F2

Common Stock

Owner: Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC
Date: 2026-10-26
Code: C
Action: Conversion
Quantity: 1393882
Price: Not stated (see footnotes)
Following holdings: 1,393,882
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Common Stock
transaction Date: 2026-10-26
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 1393882
id: F1
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 1393882
direct Or Indirect Ownership: I
nature Of Ownership: See Footnote
id: F3

Series A Preferred Stock (derivative)

Owner: Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC
Date: 2026-10-26
Code: C
Action: Conversion
Quantity: 25390410
Price: Not stated (see footnotes)
Following holdings: 0
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Series A Preferred Stock
id: F1
transaction Date: 2026-10-26
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 25390410
id: F1
transaction Acquired Disposed Code: D
id: F1
id: F1
underlying Security Title: Common Stock
underlying Security Shares: 5631425
shares Owned Following Transaction: 0
direct Or Indirect Ownership: I
nature Of Ownership: See Footnote
id: F2

Series B Preferred Stock (derivative)

Owner: Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC
Date: 2026-10-26
Code: C
Action: Conversion
Quantity: 6284597
Price: Not stated (see footnotes)
Following holdings: 0
Reporting delay: 2 days
Filed terms and references: Filed terms
security Title: Series B Preferred Stock
id: F1
transaction Date: 2026-10-26
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 6284597
id: F1
transaction Acquired Disposed Code: D
id: F1
id: F1
underlying Security Title: Common Stock
underlying Security Shares: 1393882
shares Owned Following Transaction: 0
direct Or Indirect Ownership: I
nature Of Ownership: See Footnote
id: F3

Purchases, sales, grants and option exercises are different transactions. The reported code identifies the action; it does not establish a motive.

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.
Versant Ventures VII GP, L.P.: 10% owner.
Versant Venture Capital VII, L.P.: 10% owner.
Versant Ventures VII GP-GP, LLC: 10% owner.
Versant Vantage II, L.P.: 10% owner.
Versant Vantage II GP, L.P.: 10% owner.
Versant Vantage II GP-GP, LLC: 10% owner.
F1: Each share of Series A Preferred Stock and Series B Preferred Stock automatically converted into shares of the Issuer's Common Stock on a one-for-0.221793422 basis upon the closing of the Issuer's initial public offering on October 26, 2026, without payment of consideration. The Series A Preferred Stock and Series B Preferred Stock have no expiration date.
F2: The shares are held directly by Versant Venture Capital VII, L.P. ("VVC VII"). Versant Ventures VII GP, L.P. ("VV VII GP") is the general partner of VVC VII, and Versant Ventures VII GP-GP, LLC ("VV VII GP-GP") is the general partner of VV VII GP. Each of VV VII GP-GP and VV VII GP disclaims beneficial ownership of the shares held by VVC VII, except to the extent of their respective pecuniary interests therein.
F3: The shares are held directly by Versant Vantage II, L.P. ("VV II"). Versant Vantage II GP, L.P. ("VV II GP") is the general partner of VV II, and Versant Vantage II GP-GP, LLC ("VV II GP-GP") is the general partner of VV II GP. Each of VV II GP-GP and VV II GP disclaims beneficial ownership of the shares held by VV II, except to the extent of their respective pecuniary interests therein.

Original sources

SEC ownership filing

Prepared automatically from public filing data. Report a correction.

Security

Owner

Date

Code

Action

Quantity

Price

Following holdings

Reporting delay

Filed terms and references

Common Stock

Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC

2026-10-26

Conversion

5631425

Not stated (see footnotes)

5,631,425

2 days

Filed terms

security Title: Common Stock
transaction Date: 2026-10-26
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 5631425
id: F1
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 5631425
direct Or Indirect Ownership: I
nature Of Ownership: See Footnote
id: F2

Common Stock

Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC

2026-10-26

Conversion

1393882

Not stated (see footnotes)

1,393,882

2 days

Filed terms

security Title: Common Stock
transaction Date: 2026-10-26
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 1393882
id: F1
transaction Acquired Disposed Code: A
shares Owned Following Transaction: 1393882
direct Or Indirect Ownership: I
nature Of Ownership: See Footnote
id: F3

Series A Preferred Stock (derivative)

Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC

2026-10-26

Conversion

25390410

Not stated (see footnotes)

2 days

Filed terms

security Title: Series A Preferred Stock
id: F1
transaction Date: 2026-10-26
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 25390410
id: F1
transaction Acquired Disposed Code: D
id: F1
id: F1
underlying Security Title: Common Stock
underlying Security Shares: 5631425
shares Owned Following Transaction: 0
direct Or Indirect Ownership: I
nature Of Ownership: See Footnote
id: F2

Series B Preferred Stock (derivative)

Versant Ventures VII GP, L.P.; Versant Venture Capital VII, L.P.; Versant Ventures VII GP-GP, LLC; Versant Vantage II, L.P.; Versant Vantage II GP, L.P.; Versant Vantage II GP-GP, LLC

2026-10-26

Conversion

6284597

Not stated (see footnotes)

2 days

Filed terms

security Title: Series B Preferred Stock
id: F1
transaction Date: 2026-10-26
transaction Form Type: 4
transaction Code: C
equity Swap Involved: false
transaction Shares: 6284597
id: F1
transaction Acquired Disposed Code: D
id: F1
id: F1
underlying Security Title: Common Stock
underlying Security Shares: 1393882
shares Owned Following Transaction: 0
direct Or Indirect Ownership: I
nature Of Ownership: See Footnote
id: F3

Filing context

Quantities and prices are shown in the units filed. No trade value is inferred from their product.

Versant Ventures VII GP, L.P.: 10% owner.

Versant Venture Capital VII, L.P.: 10% owner.

Versant Ventures VII GP-GP, LLC: 10% owner.

Versant Vantage II, L.P.: 10% owner.

Versant Vantage II GP, L.P.: 10% owner.

Versant Vantage II GP-GP, LLC: 10% owner.

F1: Each share of Series A Preferred Stock and Series B Preferred Stock automatically converted into shares of the Issuer's Common Stock on a one-for-0.221793422 basis upon the closing of the Issuer's initial public offering on October 26, 2026, without payment of consideration. The Series A Preferred Stock and Series B Preferred Stock have no expiration date.

F2: The shares are held directly by Versant Venture Capital VII, L.P. ("VVC VII"). Versant Ventures VII GP, L.P. ("VV VII GP") is the general partner of VVC VII, and Versant Ventures VII GP-GP, LLC ("VV VII GP-GP") is the general partner of VV VII GP. Each of VV VII GP-GP and VV VII GP disclaims beneficial ownership of the shares held by VVC VII, except to the extent of their respective pecuniary interests therein.

F3: The shares are held directly by Versant Vantage II, L.P. ("VV II"). Versant Vantage II GP, L.P. ("VV II GP") is the general partner of VV II, and Versant Vantage II GP-GP, LLC ("VV II GP-GP") is the general partner of VV II GP. Each of VV II GP-GP and VV II GP disclaims beneficial ownership of the shares held by VV II, except to the extent of their respective pecuniary interests therein.