Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
* 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. 80706P103
1 |
Name
of Reporting Person |
|
Redmile
Group, LLC |
2 |
Check the Appropriate Box if
a Member of a Group (See Instructions) |
|
(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 |
|
5,352,205 (1) |
7 |
Sole
Dispositive Power |
|
0 |
8 |
Shared
Dispositive Power |
|
5,352,205 (1) |
9 |
Aggregate
Amount Beneficially Owned by Each Reporting Person |
|
5,352,205 (1) |
10 |
Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) |
|
|
11 |
Percent of Class Represented
by Amount in Row (9) |
|
9.9%
(2) |
12 |
Type of Reporting Person (See
Instructions) |
|
IA,
OO |
(1) Redmile Group, LLC’s beneficial ownership of
the Issuer’s common stock (“Common Stock”) is comprised of 3,403,926 shares of Common Stock owned by certain private
investment vehicles and/or separately managed accounts managed by Redmile Group, LLC, which shares of Common Stock may be deemed beneficially
owned by Redmile Group, LLC as investment manager of such private investment vehicles and/or separately managed accounts. The reported
securities may also be deemed beneficially owned by Jeremy C. Green as the principal of Redmile Group, LLC. Redmile Group, LLC and Mr.
Green each disclaim beneficial ownership of these shares, except to the extent of its or his pecuniary interest in such shares, if any.
Subject to the Beneficial Ownership Blocker (as defined below), Redmile Group, LLC may also be deemed to beneficially own 21,312,140
shares of Common Stock issuable upon exercise of certain Warrants to Purchase Common Stock (the “Warrants”). Pursuant to
the terms of the Warrants, the Issuer may not effect any exercise of any Warrant, and a holder of a Warrant does not have the right to
exercise any portion of the Warrant held by such holder, to the extent that, after giving effect to the attempted exercise set forth
in a notice of exercise, such holder, together with such holder’s affiliates and any other person whose beneficial ownership of
Common Stock would be aggregated with such holder’s for the purposes of Section 13(d) of the Securities Exchange Act of 1934, as
amended (the “Exchange Act”), and the applicable regulations of the Securities and Exchange Commission (the “SEC”),
including any “group” of which such holder is a member, would beneficially own a number of shares of Common Stock in excess
of the Beneficial Ownership Limitation (the “Beneficial Ownership Blocker”). The “Beneficial Ownership Limitation”
is 9.99% of the shares of Common Stock then issued and outstanding, which percentage may be changed at a holder’s election upon
61 days’ notice to the Issuer. The 5,352,205 shares of Common Stock reported as beneficially owned by Redmile Group, LLC in this
Schedule 13G represents 9.99% of the outstanding shares of Common Stock (calculated in accordance with footnote (2) below).
(2) Percentage based on (i) 51,627,353 shares of Common
Stock outstanding as of June 22, 2022, as reported by the Issuer in its Prospectus Supplement to a prospectus dated April 13, 2022 filed
with the Securities and Exchange Commission (“SEC”) on June 21, 2022 (the “Prospectus Supplement”) plus (ii)
1,948,279 shares of Common Stock issuable upon exercise of certain of the Warrants, which due to the Beneficial Ownership Limitation
is the maximum number of shares that could be issued upon exercise of the Warrants.
CUSIP No. 80706P103
1 |
Name of Reporting Person |
|
Jeremy C. Green |
2 |
Check the Appropriate Box if
a Member of a Group (See Instructions) |
|
(a)
¨ |
|
(b)
¨ |
3 |
SEC Use Only |
4 |
Citizenship or Place of Organization
|
|
United
Kingdom |
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
5 |
Sole Voting Power |
|
0 |
6 |
Shared Voting Power |
|
5,352,205 (3) |
7 |
Sole
Dispositive Power |
|
0 |
8 |
Shared Dispositive Power |
|
5,352,205 (3) |
9 |
Aggregate Amount Beneficially
Owned by Each Reporting Person |
|
5,352,205 (3) |
10 |
Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) |
|
|
11 |
Percent of Class Represented
by Amount in Row (9) |
|
9.9%
(4) |
12 |
Type of Reporting Person (See
Instructions) |
|
IN,
HC |
(3) Jeremy C. Green’s beneficial ownership of Common
Stock is comprised of 3,403,926 shares of Common Stock owned by certain private investment vehicles and/or separately managed accounts
managed by Redmile Group, LLC, which shares of Common Stock may be deemed beneficially owned by Redmile Group, LLC as investment manager
of such private investment vehicles and/or separately managed accounts. The reported securities may also be deemed beneficially owned
by Jeremy C. Green as the principal of Redmile Group, LLC. Redmile Group, LLC and Mr. Green each disclaim beneficial ownership of these
shares, except to the extent of its or his pecuniary interest in such shares, if any. Subject to the Beneficial Ownership Blocker, Mr.
Green may also be deemed to beneficially own 21,312,140 shares of Common Stock issuable upon exercise of the Warrants. Pursuant to the
terms of the Warrants, the Issuer may not effect any exercise of any Warrant, and a holder of a Warrant does not have the right to exercise
any portion of the Warrant held by such holder, if the Beneficial Ownership Blocker applies. The 5,352,205 shares of Common Stock reported
as beneficially owned by Redmile Group, LLC in this Schedule 13G represents 9.99% of the outstanding shares of Common Stock (calculated
in accordance with footnote (4) below).
(4) Percentage based on (i) 51,627,353 shares of Common
Stock outstanding as of June 22, 2022, as reported by the Issuer in the Prospectus Supplement plus (ii) 1,948,279 shares of Common Stock
issuable upon exercise of certain of the Warrants, which due to the Beneficial Ownership Limitation is the maximum number of shares that
could be issued upon exercise of the Warrants.
CUSIP No. 80706P103
1 |
Name of Reporting Person |
|
Redmile
Capital Offshore Master Fund, Ltd. |
2 |
Check
the Appropriate Box if a Member of a Group (See Instructions) |
|
(a)
¨ |
|
(b)
¨ |
3 |
SEC
Use Only |
4 |
Citizenship or Place of Organization
|
|
Cayman
Islands |
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON WITH |
5 |
Sole
Voting Power |
|
0 |
6 |
Shared Voting Power |
|
2,813,000 (5) |
7 |
Sole
Dispositive Power |
|
0 |
8 |
Shared Dispositive Power |
|
2,813,000 (5) |
9 |
Aggregate Amount Beneficially
Owned by Each Reporting Person |
|
2,813,000 (5) |
10 |
Check if the Aggregate Amount
in Row (9) Excludes Certain Shares (See Instructions) |
|
|
11 |
Percent of Class Represented
by Amount in Row (9) |
|
5.3%
(6) |
12 |
Type of Reporting Person (See
Instructions) |
|
CO |
(5) Redmile Capital Offshore Master Fund, Ltd.’s
beneficial ownership of Common Stock is comprised of 1,006,445 shares of Common Stock and 1,806,555 shares of common stock issuable upon
the exercise of Warrants directly held by Redmile Capital Offshore Master Fund, Ltd.
(6) Percentage based on: (i) 51,627,353 shares of Common
Stock outstanding as of June 22, 2022, as reported by the Issuer in the Prospectus Supplement plus (ii) 1,806,555 shares of Common Stock
that could be issued upon exercise of the Warrants directly held by Redmile Capital Offshore Master Fund, Ltd.
Item 1.
| (a) | Name of Issuer |
| | |
| | Scholar Rock Holding Corporation |
| | |
| (b) | Address
of Issuer’s Principal Executive Offices |
| | |
| | 301 Binney Street, 3rd Floor |
| | Cambridge, MA 02142 |
Item 2.
| (a) | Names
of Persons Filing |
| | |
| | Redmile Group, LLC |
| | Jeremy C. Green |
| | Redmile Capital Offshore Master Fund, Ltd. |
| | |
| (b) | Address
of Principal Business office or, if None, Residence |
| | |
| | Redmile Group, LLC |
| | One Letterman Drive |
| | Building D, Suite D3-300 |
| | The Presidio of San Francisco |
| | San Francisco, California 94129 |
| | |
| | Jeremy C. Green |
| | c/o Redmile Group, LLC (NY Office) |
| | 45 W. 27th Street, Floor 11 |
| | New York, NY 10001 |
| | |
| | Redmile Capital Offshore Master Fund, Ltd. |
| | c/o Redmile Group, LLC |
| | One Letterman Drive |
| | Building D, Suite D3-300 |
| | The Presidio of San Francisco |
| | San Francisco, California 94129 |
| | |
| (c) | Citizenship |
| | |
| | Redmile Group, LLC: Delaware |
| | Jeremy C. Green: United Kingdom |
| | Redmile Capital Offshore Master Fund, Ltd.: Cayman Islands |
| | |
| (d) | Title of Class
of Securities |
| | |
| | Common Stock, $0.001 par value |
| | |
| (e) | CUSIP Number |
| | |
| | 80706P103 |
Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ¨ |
Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
| | |
|
| (b) | ¨ |
Bank as defined in section 3(a)(6)
of the Act (15 U.S.C. 78c); |
| | |
|
| (c) | ¨ |
Insurance company as defined
in section 3(a)(19) of the Act (15 U.S.C. 78c); |
| | |
|
| (d) | ¨ |
Investment company registered
under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); |
| | |
|
| (e) | ¨ |
An investment adviser in accordance
with § 240.13d-1(b)(1)(ii)(E); |
| | |
|
| (f) | ¨ |
An employee benefit plan or endowment fund
in accordance with § 240.13d-1(b)(1)(ii)(F); |
| | |
|
| (g) | ¨ |
A parent holding company or control person in accordance with § 240.13d-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 (15 U.S.C. 80a-3); |
| | |
|
| (j) | ¨ |
A non-U.S. institution in accordance with
§ 240.13d-1(b)(1)(ii)(J); |
| | |
|
| (k) | ¨ |
Group, in accordance with § 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution: __________ |
| (a) | Amount beneficially
owned: |
| | |
| | Redmile Group, LLC – 5,352,205* |
| | Jeremy C. Green – 5,352,205* |
| | Redmile Capital Offshore Master Fund, Ltd. – 2,813,000*** |
| | |
| (b) | Percent of
class: |
| | |
| | Redmile Group, LLC – 9.9%** |
| | Jeremy C. Green – 9.9%** |
| | Redmile Capital Offshore Master Fund, Ltd. – 5.3%**** |
| | |
| (c) | Number of
shares as to which Redmile Group, LLC has: |
| (i) | Sole power to vote or to direct the vote: |
| | |
| | 0 |
| | |
| (ii) | Shared power to vote or to direct the vote: |
| | |
| | 5,352,205* |
| | |
| (iii) | Sole power to dispose or to direct the disposition of: |
| | |
| | 0 |
| | |
| (iv) | Shared power to dispose or to direct the disposition of: |
| | |
| | 5,352,205* |
Number of shares as to which Jeremy C. Green has:
| (i) | Sole power to vote or to direct the vote: |
| | |
| | 0 |
| | |
| (ii) | Shared power to vote or to direct the vote: |
| | |
| | 5,352,205* |
| | |
| (iii) | Sole power to dispose or to direct the disposition of: |
| | |
| | 0 |
| | |
| (iv) | Shared power to dispose or to direct the disposition of: |
| | |
| | 5,352,205* |
Number of shares as to which Redmile Capital Offshore Master
Fund, Ltd. has:
| (i) | Sole power to vote or to direct the vote: |
| | |
| | 0 |
| | |
| (ii) | Shared power to vote or to direct the vote: |
| | |
| | 2,813,000*** |
| | |
| (iii) | Sole power to dispose or to direct the disposition of: |
| | |
| | 0 |
| | |
| (iv) | Shared power to dispose or to direct the disposition of: |
| | |
| | 2,813,000*** |
| * | Redmile Group, LLC’s and Jeremy C. Green’s beneficial ownership of Common Stock is comprised
of 3,403,926 shares of Common Stock owned by certain private investment vehicles and/or separately managed accounts managed by Redmile
Group, LLC, which shares of Common Stock may be deemed beneficially owned by Redmile Group, LLC as investment manager of such private
investment vehicles and/or separately managed accounts. The reported securities may also be deemed beneficially owned by Jeremy C. Green
as the principal of Redmile Group, LLC. Redmile Group, LLC and Mr. Green each disclaim beneficial ownership of these shares, except to
the extent of its or his pecuniary interest in such shares, if any. Subject to the Beneficial Ownership Blocker, Mr. Green may also be
deemed to beneficially own 21,312,140 shares of Common Stock issuable upon exercise of the Warrants. Pursuant to the terms of the Warrants,
the Issuer may not effect any exercise of any Warrant, and a holder of a Warrant does not have the right to exercise any portion of the
Warrant held by such holder, if the Beneficial Ownership Blocker applies. The 5,352,205 shares of Common Stock reported as beneficially
owned by Redmile Group, LLC in this Schedule 13G represents 9.99% of the outstanding shares of Common Stock. |
| ** | Percentage based on (i) 51,627,353 shares of Common Stock outstanding
as of June 22, 2022, as reported by the Issuer in the Prospectus Supplement plus (ii) 1,948,279 shares of Common Stock issuable upon
exercise of certain of the Warrants, which due to the Beneficial Ownership Limitation is the maximum number of shares that could be issued
upon exercise of the Warrants. |
| *** | Redmile Capital Offshore Master Fund, Ltd.’s beneficial
ownership of Common Stock is comprised of 1,006,445 shares of Common Stock and 1,806,555 shares of common stock issuable upon the exercise
of Warrants directly held by Redmile Capital Offshore Master Fund, Ltd. |
| **** | Percentage based on: (i) 51,627,353 shares of Common Stock outstanding
as of June 22, 2022, as reported by the Issuer in the Prospectus Supplement plus (ii) 1,806,555 shares of Common Stock that could be
issued upon exercise of the Warrants directly held by Redmile Capital Offshore Master Fund, Ltd. |
Item 5. | Ownership of Five Percent or Less of a Class. |
If this
statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more
than 5 percent of the class of securities, check the following ¨
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
N/A.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
or Control Person. |
See the response to Item 4.
Item 8. | Identification and Classification of Members of the Group. |
N/A
Item 9. | Notice of Dissolution of Group. |
N/A
By signing below I
certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose
of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with
a nomination under § 240.14a-11.
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: June 27, 2022
|
Redmile Group, LLC |
|
|
|
By: |
/s/ Jeremy C. Green |
|
|
Name: Jeremy C. Green |
|
|
Title: Managing Member |
|
Redmile Capital Offshore Master Fund, Ltd. |
|
By: Redmile Group, LLC, its investment manager |
|
|
|
By: |
/s/ Jeremy C. Green |
|
|
Name: Jeremy C. Green |
|
|
Title: Authorized Person |
|
/s/ Jeremy C. Green |
|
Jeremy C. Green |
Exhibit 99.1
Joint Filing Agreement
In accordance with Rule 13d-1(k)(1)
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the undersigned hereby agree to the joint
filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto, the “Schedule 13G”)
relating to the Common Stock, $0.001 par value per share, of Scholar Rock Holding Corporation, which may be deemed necessary pursuant
to Regulation 13D or 13G promulgated under the Exchange Act.
The undersigned further agree
that each party hereto is responsible for the timely filing of the Schedule 13G, and for the accuracy and completeness of the information
concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information
concerning any other party, unless such party knows or has a reason to believe that such information is inaccurate.
It is understood and agreed
that a copy of this Joint Filing Agreement shall be attached as an exhibit to the Schedule 13G, filed on behalf of each of the parties
hereto.
IN WITNESS WHEREOF,
each of the undersigned has executed this Joint Filing Agreement as of the 27th day of June, 2022.
|
REDMILE GROUP, LLC |
|
|
|
/s/ Jeremy C. Green |
|
Name: Jeremy C. Green |
|
Title: Managing Member |
|
|
|
Redmile Capital Offshore Master Fund, Ltd. |
|
By: Redmile Group, LLC, its investment manager |
|
|
|
/s/ Jeremy C. Green |
|
Name: Jeremy C. Green |
|
Title: Authorized Person |
|
|
|
/s/ Jeremy C. Green |
|
JEREMY
C. Green |