SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
GTCR INVESTMENT XI LLC

(Last) (First) (Middle)
C/O GTCR, LLC
300 N. LASALLE SUITE 5600

(Street)
CHICAGO IL 60654

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
MARAVAI LIFESCIENCES HOLDINGS, INC. [ MRVI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
04/07/2021
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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
Class A Common Stock 04/07/2021 D(1)(2) 2,638,297(1)(2) D $31.25 25,008,218(3)(4) I See footnotes(3)(4)
Class B Common Stock 04/07/2021 J(5) 15,361,703(5) D (5) 145,612,426(6) I See footnote(6)
Class A Common Stock 04/08/2021 D(1)(2) 395,744(1)(2) D $31.25 24,612,474(3)(4) I See footnotes(3)(4)
Class B Common Stock 04/08/2021 J(5) 2,304,256(5) D (5) 143,308,170(6) I See footnote(6)
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
Common Units (7) 04/07/2021 D(1)(2) 15,361,703 (7) (7) Class A Common Stock 15,361,703 $31.25 145,612,426 I See footnote(8)
Common Units (7) 04/08/2021 D(1)(2) 2,304,256 (7) (7) Class A Common Stock 2,304,256 $31.25 143,308,170 I See footnote(8)
1. Name and Address of Reporting Person*
GTCR INVESTMENT XI LLC

(Last) (First) (Middle)
C/O GTCR, LLC
300 N. LASALLE SUITE 5600

(Street)
CHICAGO IL 60654

(City) (State) (Zip)
1. Name and Address of Reporting Person*
MARAVAI LIFE SCIENCES HOLDINGS, LLC

(Last) (First) (Middle)
C/O MARAVAI LIFE SCIENCES HOLDINGS, INC.
10770 WATERIDGE CIRCLE SUITE 200

(Street)
SAN DIEGO CA 92121

(City) (State) (Zip)
1. Name and Address of Reporting Person*
MARAVAI LIFE SCIENCES HOLDINGS 2, LLC

(Last) (First) (Middle)
C/O MARAVAI LIFE SCIENCES HOLDINGS, INC.
10770 WATERIDGE CIRCLE SUITE 200

(Street)
SAN DIEGO CA 92121

(City) (State) (Zip)
1. Name and Address of Reporting Person*
GTCR FUND XI/B LP

(Last) (First) (Middle)
C/O GTCR LLC
300 N. LASALLE SUITE 5600

(Street)
CHICAGO IL 60654

(City) (State) (Zip)
1. Name and Address of Reporting Person*
GTCR FUND XI/C LP

(Last) (First) (Middle)
C/O GTCR LLC
300 N. LASALLE SUITE 5600

(Street)
CHICAGO IL 60654

(City) (State) (Zip)
1. Name and Address of Reporting Person*
GTCR CO-INVEST XI LP

(Last) (First) (Middle)
C/O GTCR LLC
300 N. LASALLE SUITE 5600

(Street)
CHICAGO IL 60654

(City) (State) (Zip)
1. Name and Address of Reporting Person*
GTCR PARTNERS XI/A&C LP

(Last) (First) (Middle)
C/O GTCR LLC
300 N. LASALLE SUITE 5600

(Street)
CHICAGO IL 60654

(City) (State) (Zip)
1. Name and Address of Reporting Person*
GTCR PARTNERS XI/B LP

(Last) (First) (Middle)
C/O GTCR LLC
300 N. LASALLE SUITE 5600

(Street)
CHICAGO IL 60654

(City) (State) (Zip)
Explanation of Responses:
1. On April 7, 2021, the Reporting Persons sold an aggregate 18,000,000 shares of Class A common stock, par value $0.01 ("Class A Common Stock"), of Maravai LifeSciences Holdings, Inc. (the "Issuer") in an underwritten public offering pursuant to the Issuer's Registration Statement on Form S-1 (File No. 333-255043). The aggregate 18,000,000 shares of Class A Common Stock sold by the Reporting Persons include (a) 15,361,703 shares of Class A Common Stock sold by Maravai Life Sciences Holdings, LLC ("MLSH 1") and (b) 2,638,297 shares of Class A Common Stock sold by Maravai Life Sciences Holdings 2, LLC. ("MLSH 2"). On April 8, 2021, the Reporting Persons sold an aggregate of 2,700,000 shares of Class A Common Stock of the Issuer pursuant to the option granted to the underwriters, which was exercised in full prior to closing.
2. (Continued from footnote 1) The aggregate 2,700,000 shares of Class A Common Stock sold by the Reporting Persons include (a) 2,304,256 shares of Class A Common Stock sold by MLSH 1 and (b) 395,744 shares of Class A Common Stock sold by MLSH 2.
3. Reflects Class A Common Stock held directly by MLSH 2. MLSH 2 is managed by a board of managers controlled by GTCR Fund XI/C LP ("GTCR Fund XI/C"). GTCR Partners XI/A&C LP ("GTCR Partners XI/A&C") is the general partner of GTCR Fund XI/C. GTCR Investment XI LLC ("GTCR Investment XI") is the general partner of GTCR Partners XI/A&C. GTCR Investment XI is managed by a board of managers (the "GTCR Board of Managers") consisting of Mark M. Anderson, Craig A. Bondy, Aaron D. Cohen, Sean L. Cunningham, Benjamin J. Daverman, David A. Donnini, Constantine S. Mihas and Collin E. Roche, and no single person has voting or dispositive authority over the Class A Common Stock.
4. (Continued From Footnote 3) Each of GTCR Partners XI/A&C, GTCR Investment XI and the GTCR Board of Managers may be deemed to share beneficial ownership of the Class A Common Stock held of record by MLSH 2, and each of the individual members of the GTCR Board of Managers disclaims beneficial ownership of the Class A Common Stock held of record by MLSH 2 except to the extent of his pecuniary interest therein.
5. Reflects shares of the Issuer's Class B common stock, par value $0.01 (the "Class B Common Stock") forfeited and canceled for no consideration by MLSH 1 in connection with the purchase by the Issuer of the Common Units.
6. Reflects Class B Common Stock held directly by MLSH 1. MLSH 1 is managed by a board of managers controlled by GTCR Fund XI/B LP ("GTCR Fund XI/B") and GTCR Co-Invest XI LP ("GTCR Co-Invest XI"). GTCR Partners XI/B LP ("GTCR Partners XI/B") is the general partner of GTCR Fund XI/B. GTCR Investment XI is the general partner of GTCR Co-Invest XI and GTCR Partners XI/B. GTCR Investment XI is managed by the GTCR Board of Managers, and no single person has voting or dispositive authority over the Class B Common Stock. Each of GTCR Partners XI/B, GTCR Investment XI and the GTCR Board of Managers may be deemed to share beneficial ownership of the Class B Common Stock held of record by MLSH 1, and each of the individual members of the GTCR Board of Managers disclaims beneficial ownership of the Class B Common Stock held of record by MLSH 1 except to the extent of his pecuniary interest therein.
7. Pursuant to the Exchange Agreement dated November 19, 2020, by and among the Issuer, Maravai Topco Holdings, LLC and MLSH 1 (the "Exchange Agreement"), the Common Units (together with one share of Class B Common Stock for every Common Unit) are exchangeable for one share of Class A Common Stock. Common Units do not expire.
8. Reflects Common Units owned directly by MLSH 1. Each Common Unit is exchangeable for one share of Class A Common Stock pursuant to the Exchange Agreement.
Remarks:
Each of the reporting persons is a director-by-deputization solely for purposes of Section 16 of the Securities Exchange Act of 1934.
/s/ Carl Hull, as chief executive officer of Maravai Life Sciences Holdings, LLC 04/09/2021
/s/ Carl Hull, as chief executive officer of Maravai Life Sciences Holdings 2, LLC 04/09/2021
/s/ Jeffrey Wright, by power of attorney for GTCR Fund XI/B LP 04/09/2021
/s/ Jeffrey Wright, by power of attorney for GTCR Fund XI/C LP 04/09/2021
/s/ Jeffrey Wright, by power of attorney for GTCR Co-Invest XI LP 04/09/2021
/s/ Jeffrey Wright, by power of attorney for GTCR Partners XI/A&C LP 04/09/2021
/s/ Jeffrey Wright, by power of attorney for GTCR Partners XI/B LP 04/09/2021
/s/ Jeffrey Wright, by power of attorney for GTCR Investment XI LLC 04/09/2021
** Signature of Reporting Person Date
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* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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