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    SEC Form SC 13D/A filed by Evelo Biosciences Inc. (Amendment)

    7/13/23 5:00:29 PM ET
    $EVLO
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Get the next $EVLO alert in real time by email
    SC 13D/A 1 d513263dsc13da.htm SC 13D/A SC 13D/A

     

     

    SECURITIES AND EXCHANGE COMMISSION

    Washington, D.C. 20549

     

     

    SCHEDULE 13D

    Under the Securities Exchange Act of 1934

    (Amendment No. 4)*

     

     

    Evelo Biosciences, Inc.

    (Name of Issuer)

    Common Stock, par value $0.001 per share

    (Title of Class of Securities)

    299734202

    (CUSIP Number)

    Noubar B. Afeyan, Ph.D.

    Flagship Pioneering Inc.

    55 Cambridge Parkway, Suite 800E

    Cambridge, MA 02142

    (617) 868-1888

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

    July 11, 2023

    (Date of Event Which Requires Filing of this Statement)

     

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

     

     

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Section 240.13d-7 for other parties to whom copies are to be sent.

     

     

     

    *

    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 disclosures provided in a prior cover page.

     

     

     


    CUSIP No. 299734202

     

    The information required on 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, as amended (“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).

     

      1.    

      Names of Reporting Persons.

     

      Flagship VentureLabs IV LLC

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      34,219

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      34,219

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      34,219

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      0.2%

    14.  

      Type of Reporting Person (See Instructions)

     

      OO


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Ventures Fund IV, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      1,496,014

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      1,496,014

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      1,496,014

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      8.0%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Ventures Fund IV-Rx, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      94,371

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      94,371

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      94,371

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      0.5%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN

     


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Ventures Fund IV General Partner LLC

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      AF

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      1,590,385

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      1,590,385

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      1,590,385

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      8.5%

    14.  

      Type of Reporting Person (See Instructions)

     

      OO


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship VentureLabs V LLC

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      132,282

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      132,282

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      132,282

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      0.7%

    14.  

      Type of Reporting Person (See Instructions)

     

      OO


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship VentureLabs V Manager LLC

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      AF

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      132,282

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      132,282

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      132,282

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      0.7%

    14.  

      Type of Reporting Person (See Instructions)

     

      OO


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Pioneering, Inc.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      AF

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      5,557,208

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      5,557,208

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      5,557,208

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      29.6%

    14.  

      Type of Reporting Person (See Instructions)

     

      CO


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Ventures Fund V, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      210,064

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      210,064

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      210,064

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      1.1%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship V VentureLabs Rx Fund, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      80,494

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      80,494

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      80,494

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      0.4%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Nutritional Health Side Fund, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      39,798

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      39,798

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      39,798

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      0.2%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN

     


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Nutritional Health Disruptive Innovation Fund, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      179,909

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      179,909

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      179,909

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      1.0%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Ventures Fund V General Partner LLC

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      AF

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      510,265

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      510,265

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      510,265

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      2.7%

    14.  

      Type of Reporting Person (See Instructions)

     

      OO

     


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Ventures Opportunities Fund I, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      274,766

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      274,766

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      274,766

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      1.5%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Ventures Opportunities Fund I General Partner LLC

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      AF

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      274,766

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      274,766

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      274,766

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      1.5%

    14.  

      Type of Reporting Person (See Instructions)

     

      OO


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Nutritional Health LTP Fund, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      1,493,241

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      1,493,241

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      1,493,241

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      7.9%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Nutritional Health LTP General Partner LLC

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      AF

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      1,493,241

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      1,493,241

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      1,493,241

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      7.9%

    14.  

      Type of Reporting Person (See Instructions)

     

      OO


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Pioneering Fund VII, L.P.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      WC

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      3,931,685

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      3,931,685

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      3,931,685

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      20.9%

    14.  

      Type of Reporting Person (See Instructions)

     

      PN


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Flagship Pioneering Fund VII General Partner LLC

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      AF

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      Delaware

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      3,931,685

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      3,931,685

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      3,931,685

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      20.9%

    14.  

      Type of Reporting Person (See Instructions)

     

      OO


    CUSIP No. 299734202

     

      1.    

      Names of Reporting Persons.

     

      Noubar B. Afeyan, Ph.D.

      2.  

      Check the Appropriate Box if a Member of a Group (See Instructions)

      (a)  ☐        (b)  ☒

     

      3.  

      SEC Use Only

     

      4.  

      Source of Funds (See Instructions)

     

      AF

      5.  

      Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

     

      ☐

      6.  

      Citizenship or Place of Organization

     

      United States of America

    Number of

    Shares

     Beneficially 

    Owned by

    Each

    Reporting

    Person

    With

     

         7.     

      Sole Voting Power

     

      0

         8.   

      Shared Voting Power

     

      7,932,624

         9.   

      Sole Dispositive Power

     

      0

       10.   

      Shared Dispositive Power

     

      7,932,624

    11.    

      Aggregate Amount Beneficially Owned by Each Reporting Person

     

      7,932,624

    12.  

      Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

     

      ☐

    13.  

      Percent of Class Represented by Amount in Row (11)

     

      42.2%

    14.  

      Type of Reporting Person (See Instructions)

     

      IN

     


    CUSIP No. 299734202

     

    Item 1. Security and Issuer

    This Amendment No. 4 (this “Amendment”) amends and supplements the Schedule 13D (the “Schedule 13D”) filed by the Reporting Persons on May 21, 2018, as amended, with respect to the shares of common stock, $0.001 par value per share (“Common Stock”), of Evelo Biosciences, Inc. (the “Company” or the “Issuer”). On June 29, 2023, the Issuer effected a 1-for-20 reverse stock split of its common stock (the “Reverse Stock Split”). Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D.

    Item 4. Purpose of Transaction

    Item 4 is hereby amended and supplemented the following:

    On July 11, 2023, the Flagship Funds purchased an aggregate of 5,411,255 shares of the Issuer’s Common Stock in a private placement (the “Private Placement”) for a purchase price of $2.31 per share, as set forth in the table below.

     

    Purchaser (Reporting Person)

       Number of
    Shares
     

    Flagship Fund IV

         1,082,251  

    Nutritional Health LTP

         1,082,251  

    Flagship Fund VII

         3,246,753  

    On July 11, 2023, upon consummation of the Private Placement, Theo Melas-Kyriazi, an Advisor Partner at Flagship Pioneering, Inc. (“Flagship Pioneering”), resigned from the Issuer’s Board of Directors (the “Board”). On the same date, Jeffrey R. Moore, Senior Vice President, Facilities & Venture Debt at Flagship Pioneering, and Alexander C. Reynolds, Chief Operating Officer, Pioneering Medicines at Flagship Pioneering, were appointed to the Board.

    The Reporting Persons, either directly or indirectly through Mr. Moore, Mr. Reynolds and Robert L. Rosiello, an Executive Partner at Flagship Pioneering, in their fiduciary capacities as directors of the Issuer, may engage in discussions from time to time with the Issuer’s board of directors, the Issuer’s management or the Issuer’s other stockholders. These discussions may be with respect to (i) acquiring or disposing shares of Common Stock or other securities of the Issuer (collectively, the “Securities”); (ii) maintaining or changing the Issuer’s business, operations, governance, management, strategy or capitalization; or (iii) implementing transactions that may relate to or may result in any matter set forth in paragraphs (a) through (j) of Item 4 of Schedule 13D. Additionally, the Reporting Persons may acquire or dispose of Securities through open market transactions, privately negotiated transactions or other methods.

    Item 5. Interest in Securities of the Issuer

    Item 5(a)-(b) is hereby amended and restated as follows:

    (a)-(b) The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D is incorporated by reference. The percentage set forth in row 13 is based on approximately 18,789,709 shares of Common Stock outstanding, as provided by the Issuer to the Reporting Persons.

    Flagship VentureLabs IV LLC (“VentureLabs IV”), Flagship Ventures Fund IV, L.P. (“Flagship Fund IV”), and Flagship Ventures Fund IV-Rx, L.P. (“Flagship Fund IV-Rx” and together with VentureLabs IV and Flagship Fund IV, the “Flagship IV Funds”) directly hold 34,219 shares, 1,461,795 shares and 94,371 shares of Common Stock, respectively. Flagship Fund IV, as the manager of VentureLabs IV, may be deemed to beneficially own the shares directly held by VentureLabs IV. Flagship Ventures Fund IV General Partner LLC (“Flagship Fund IV GP”), as the general partner of the Flagship Fund IV Funds, may be deemed to beneficially own the shares directly held by the Flagship Fund IV Funds.

    Flagship VentureLabs V LLC (“VentureLabs V”) directly holds 132,282 shares of Common Stock. VentureLabs V Manager LLC (“VentureLabs V Manager”), as the manager of VentureLabs V, and Flagship Pioneering, as the manager of VentureLabs V Manager, may be deemed to beneficially own the shares directly held by VentureLabs V.


    CUSIP No. 299734202

     

    Flagship Ventures Fund V, L.P. (“Flagship Fund V”), Flagship V VentureLabs Rx Fund, L.P. (“VentureLabs Rx V”), Nutritional Health Side Fund, L.P. (“Nutritional Health Side Fund”), and Nutritional Health Disruptive Innovation Fund, L.P. (“Nutritional Innovation Fund” and together with Flagship Fund V, VentureLabs Rx V and Nutritional Health Side Fund, the “Flagship V Funds”) directly hold 210,064 shares, 80,494 shares, 39,798 shares, and 179,909 shares of Common Stock, respectively. Flagship Ventures Fund V General Partner LLC (“Flagship Fund V GP”), as the general partner of the Flagship Fund V Funds, may be deemed to beneficially own the shares directly held by the Flagship Fund V Funds.

    Flagship Ventures Opportunities Fund I, L.P. (“Flagship Opportunities I”) directly holds 274,766 shares of Common Stock. Flagship Ventures Opportunities Fund I General Partner LLC (“Flagship Opportunities GP”), as the general partner of Flagship Opportunities I, may be deemed to beneficially own the shares directly held by Flagship Opportunities I.

    Nutritional Health LTP Fund, L.P. (“Nutritional LTP”) directly holds 1,493,241 shares of Common Stock. Nutritional Health LTP Fund General Partner LLC (“Nutritional LTP GP”), as the general partner of Nutritional LTP, and Flagship Pioneering, as the manager of Nutritional LTP GP, may be deemed to beneficially own the shares directly held by Nutritional LTP.

    Flagship Pioneering Fund VII, L.P. (“Flagship Fund VII” and together with the Flagship IV Funds, the Flagship V Funds, Flagship Opportunities I and Nutritional Health LTP, the “Flagship Funds”) directly holds 3,931,685 shares of Common Stock. Flagship Pioneering Fund VII General Partner LLC (“Flagship Fund VII GP”), as the general partner of Flagship Fund VII, and Flagship Pioneering, as the manager of Flagship Fund VII GP, may be deemed to beneficially hold the shares held directly by Flagship Fund VII.

    Dr. Afeyan, as the sole manager of Flagship Fund IV GP, Flagship Fund V GP and Flagship Opportunities GP and as the Chief Executive Officer, director and sole stockholder of Flagship Pioneering, may be deemed to beneficially own the shares directly held by the Flagship Funds.

    Item 5(c) is hereby amended to include the following:

    (c) On July 11, 2023, the Flagship Funds purchased an aggregate of 5,411,255 shares of the Issuer’s Common Stock in connection with the Private Placement, as described in Item 4 above. The purchase price was $2.31 per share.

    Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

    Item 6 is hereby amended to include the following:

    Securities Purchase Agreement

    On July 7, 2023, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with the purchasers named therein, including Flagship Fund IV, Nutritional LTP and Flagship Fund VII (the “Investors”), pursuant to which the Company agreed to issue and sell an aggregate of 11,025,334 shares (the “Shares”) of the Company’s Common Stock to the Investors in a private placement for aggregate gross proceeds of approximately $25.5 million, before deducting private placement expenses. The closing of the Private Placement occurred on July 11, 2023 (the “Closing Date”).

    The Purchase Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Purchasers, including for liabilities under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions.

    In addition, on the Closing Date, the Company entered into a Registration Rights Agreement (the “Registration Rights Agreement”) with all of the Investors. Pursuant to the Registration Rights Agreement, the Company agreed to prepare and file a registration statement with the SEC within 30 days after the Closing Date, for purposes of registering the resale of the Shares purchased by the Investors in the Private Placement, and any shares of Common Stock issued as a dividend or other distribution with respect to, in exchange for or in replacement of such Shares.


    CUSIP No. 299734202

     

    The Company agreed to use commercially reasonable efforts to cause such registration statement to be declared effective by the SEC within 45 days after the filing of such registration statement.

    The foregoing descriptions of the Purchase Agreement and Registration Rights Agreement are not complete and are qualified in its entirety by reference to the full text of such agreements, copies of which are filed as Exhibit 99.1 and Exhibit 99.2 and are incorporated by reference herein.

    Item 7. Material to be Filed as Exhibits

     

    Exhibit 99.1    Purchase Agreement (incorporated by reference to Exhibit 10.1 of the Issuer’s Current Report on Form 8-K, as filed with the SEC on July 10, 2023).
    Exhibit 99.2    Registration Rights Agreement (incorporated by reference to 10.1 of the Issuer’s Current Report on Form 8-K, as filed with the SEC on July 12, 2023).


    CUSIP No. 299734202

     

    SIGNATURES

    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.

    Dated: July 13, 2023

     

    FLAGSHIP VENTURELABS IV LLC
    By: Flagship Ventures Fund IV, L.P.
    By: Flagship Ventures Fund IV General Partner LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager
    FLAGSHIP VENTURES FUND IV, L.P.
    By: Flagship Ventures Fund IV General Partner LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager
    FLAGSHIP VENTURES FUND IV-RX, L.P.
    By: Flagship Ventures Fund IV General Partner LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager
    FLAGSHIP VENTURES FUND IV GENERAL PARTNER LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager
    FLAGSHIP VENTURELABS V LLC
    By:   Flagship VentureLabs V Manager LLC
    By:   Flagship Pioneering, Inc.
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Chief Executive Officer


    CUSIP No. 299734202

     

    FLAGSHIP VENTURELABS V MANAGER LLC
    By:   Flagship Pioneering, Inc.
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Chief Executive Officer
    FLAGSHIP VENTURES FUND V, L.P.
    By:   Flagship Ventures Fund V General Partner LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager
    FLAGSHIP V VENTURLABs RX FUND, L.P.
    By:     Flagship Ventures Fund V General Partner LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager
    NUTRITIONAL HEALTH SIDE FUND, L.P.
    By:   Flagship Ventures Fund V General Partner LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager
    NUTRITIONAL HEALTH DISRUPTIVE INNOVATION FUND, L.P.
    By:   Flagship Ventures Fund V General Partner LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager


    CUSIP No. 299734202

     

    FLAGSHIP VENTURES FUND V GENERAL PARTNER LLC
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager

    FLAGSHIP VENTURES OPPORTUNITIES

    FUND I, L.P.

    By:  

    Flagship Ventures Opportunities Fund I

    General Partner LLC

    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager

    FLAGSHIP VENTURES OPPORTUNITIES

    FUND I GENERAL PARTNER LLC

    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Manager
    NUTRITIONAL HEALTH LTP FUND, L.P.
    By:  

    Nutritional Health LTP Fund General

    Partner LLC

    By:   Flagship Pioneering, Inc.
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Chief Executive Officer

    NUTRITIONAL HEALTH LTP FUND

    GENERAL PARTNER LLC

    By:   Flagship Pioneering, Inc.
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Chief Executive Officer
    FLAGSHIP PIONEERING FUND VII, L.P.
    By:  

    Flagship Pioneering Fund VII General

    Partner LLC

    By:   Flagship Pioneering, Inc.
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Chief Executive Officer


    CUSIP No. 299734202

     

    FLAGSHIP PIONEERING FUND VII GENERAL

    PARTNER LLC

    By:   Flagship Pioneering, Inc.
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Chief Executive Officer
    FLAGSHIP PIONEERING, INC.
    By:   /s/ Noubar B. Afeyan, Ph.D.
    Name:   Noubar B. Afeyan, Ph.D.
    Title:   Chief Executive Officer
    /s/ Noubar B. Afeyan, Ph.D.
    NOUBAR B. AFEYAN, PH.D.
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      CAMBRIDGE, Mass., March 17, 2022 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (NASDAQ:EVLO), a clinical stage biotechnology company developing SINTAX™ medicines as a new modality of orally delivered treatments for inflammatory disease, today announced that it will host a conference call and live webcast at 8:30 a.m. ET on Thursday, March 24, 2022 to report its fourth quarter and full year 2021 financial results and discuss business highlights. To access the live conference call, please dial 866-795-3242 (domestic) or 409-937-8909 (international) and refer to conference ID 6076311. A live webcast of the event will also be available under "News and Events" in the Investors section of Eve

      3/17/22 7:00:00 AM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Evelo Biosciences to Report Third Quarter 2021 Financial Results on Thursday, October 28, 2021

      CAMBRIDGE, Mass., Oct. 21, 2021 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (NASDAQ:EVLO), a clinical stage biotechnology company developing SINTAX™ medicines as a new modality of orally delivered treatments for inflammatory disease, today announced that it will host a conference call and live webcast at 8:30 a.m. ET on Thursday, October 28, 2021, to report its third quarter 2021 financial results and discuss business highlights. To access the live conference call, please dial 866-795-3242 (domestic) or 409-937-8909 (international) and refer to conference ID 7574834. A live webcast of the event will also be available under "News and Events" in the Investors section of Evelo's website at h

      10/21/21 7:00:00 AM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Evelo Biosciences to Report Second Quarter 2021 Financial Results on Thursday, July 29, 2021

      CAMBRIDGE, Mass., July 22, 2021 (GLOBE NEWSWIRE) -- Evelo Biosciences (NASDAQ:EVLO), a clinical stage biotechnology company developing a new modality of orally delivered medicines, today announced that it will host a conference call and live webcast at 8:30 a.m. ET on Thursday, July 29, 2021, to report its second quarter 2021 financial results and discuss business highlights. To access the live conference call, please dial 866-795-3242 (domestic) or 409-937-8909 (international) and refer to conference ID 1658301. A live webcast of the event will also be available under "News and Events" in the Investors section of Evelo's website at http://ir.evelobio.com. The archived webcast will be ava

      7/22/21 7:00:00 AM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care

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    SEC Filings

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    • SEC Form EFFECT filed by Evelo Biosciences Inc.

      EFFECT - Evelo Biosciences, Inc. (0001694665) (Filer)

      3/11/24 12:15:15 AM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • SEC Form 15-12G filed by Evelo Biosciences Inc.

      15-12G - Evelo Biosciences, Inc. (0001694665) (Filer)

      1/26/24 5:30:25 PM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • SEC Form S-8 POS filed by Evelo Biosciences Inc.

      S-8 POS - Evelo Biosciences, Inc. (0001694665) (Filer)

      1/26/24 5:29:48 PM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care

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    Leadership Updates

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    • Alltrna Announces Updates to Its Board of Directors

      Chris Schade appointed as Board ChairpersonLynne Parshall, Robert Plenge, M.D., Ph.D., and Nancy Simonian, M.D., appointed to Board of DirectorsCAMBRIDGE, Mass., July 17, 2024 /PRNewswire/ -- Alltrna, a Flagship Pioneering company unlocking transfer RNA (tRNA) biology and pioneering tRNA therapeutics to regulate the protein universe and resolve disease, today announced the appointment of Chris Schade, Growth Partner at Flagship Pioneering, as Chairperson of the Board, succeeding Noubar Afeyan, Ph.D., Co-Founder of Alltrna and Founder and CEO of Flagship Pioneering. In addition, Alltrna also announced the appointments to the company's Board of Directors of Lynne Parshall, founding Chief Opera

      7/17/24 8:00:00 AM ET
      $APRE
      $CYTK
      $EVLO
      $FHTX
      Biotechnology: Pharmaceutical Preparations
      Health Care
      Medical/Dental Instruments
      Biotechnology: Biological Products (No Diagnostic Substances)
    • Evelo Biosciences Closes $25.5 Million Private Placement

      Restructures and reduces secured debt with Horizon Technology Finance Corporation Appoints two new members and decreases size of Board of Directors CAMBRIDGE, Mass., July 12, 2023 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (NASDAQ:EVLO) (the "Company" or "Evelo"), a clinical stage biotechnology company developing a novel platform of orally delivered inflammation-resolving medicines acting on the small intestinal axis (SINTAX), today announces that it closed the previously announced private placement, resulting in gross proceeds of approximately $25.5 million from the sale of 11,025,334 shares of its common stock at a purchase price of $2.31 per share. The offering was led by Evelo's fo

      7/12/23 7:30:00 AM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Cellarity Appoints Dr. Gregory J. Moore to Board of Directors

      Cellarity, a life sciences company founded by Flagship Pioneering to transform the way medicines are created, announced today the appointment of Gregory J. Moore, M.D., Ph.D., to the Company's Board of Directors. As the former Corporate Vice President for Microsoft, leading global health and life sciences, Dr. Moore brings extensive experience and expertise in integrating R&D, AI and machine learning, and cloud and data technologies to positively transform companies within the health and life sciences ecosystem. "Greg is an industry leader, driving technology and life sciences innovation at the intersection of medical and large-scale computation," said Stephen Berenson, Chairman of Cellar

      6/6/23 8:00:00 AM ET
      $DNLI
      $DVA
      $EVLO
      $FHTX
      Biotechnology: Biological Products (No Diagnostic Substances)
      Health Care
      Misc Health and Biotechnology Services
      Biotechnology: Pharmaceutical Preparations

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    Insider Trading

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    • Bodmer Mark converted options into 6,625 shares and sold $1,044 worth of shares (3,163 units at $0.33), increasing direct ownership by 16% to 25,732 units (SEC Form 4)

      4 - Evelo Biosciences, Inc. (0001694665) (Issuer)

      11/8/23 8:32:53 PM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Mchale Duncan converted options into 6,500 shares and sold $1,024 worth of shares (3,103 units at $0.33), increasing direct ownership by 25% to 16,984 units (SEC Form 4)

      4 - Evelo Biosciences, Inc. (0001694665) (Issuer)

      11/8/23 8:32:28 PM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Gill Simba sold $57 worth of shares (172 units at $0.33) and converted options into 1,172 shares, increasing direct ownership by 6% to 17,758 units (SEC Form 4)

      4 - Evelo Biosciences, Inc. (0001694665) (Issuer)

      11/8/23 8:31:56 PM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care

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    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

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    • JMP Securities reiterated coverage on Evelo Biosciences with a new price target

      JMP Securities reiterated coverage of Evelo Biosciences with a rating of Market Outperform and set a new price target of $41.50 from $44.00 previously

      11/2/21 7:54:09 AM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • Evelo Biosciences upgraded by Chardan Capital Markets with a new price target

      Chardan Capital Markets upgraded Evelo Biosciences from Neutral to Buy and set a new price target of $12.00

      11/1/21 8:36:16 AM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care
    • JMP Securities reiterated coverage on Evelo Biosciences with a new price target

      JMP Securities reiterated coverage of Evelo Biosciences with a rating of Market Outperform and set a new price target of $38.00 from $36.00 previously

      6/23/21 1:58:41 PM ET
      $EVLO
      Biotechnology: Pharmaceutical Preparations
      Health Care