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[8-K] Extra Space Storage, Inc. Reports Material Event

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Atlas Venture entities have filed a Form 4 disclosing the complete disposition of their Vigil Neuroscience (VIGL) holdings following the company’s 5 Aug 2025 merger with Sanofi. Atlas Venture Fund XII disposed of 4,808,896 common shares and Atlas Venture Opportunity Fund I disposed of 1,027,978 shares, for a combined 5,836,874 shares. Under the Merger Agreement, each Vigil share was converted into the right to receive $8.00 in cash plus a contingent value right (CVR) of up to $2.00 payable upon a defined clinical milestone. The filing shows zero shares beneficially owned after the transaction, ending Atlas Venture’s status as a >10 % holder. No derivative securities remain outstanding. The Form 4 is therefore largely administrative, confirming closing mechanics and consideration terms already announced in the merger proxy.

Le entità di Atlas Venture hanno presentato un Modulo 4 che dichiara la completa cessione delle loro partecipazioni in Vigil Neuroscience (VIGL) a seguito della fusione della società con Sanofi avvenuta il 5 agosto 2025. Atlas Venture Fund XII ha ceduto 4.808.896 azioni ordinarie e Atlas Venture Opportunity Fund I ha ceduto 1.027.978 azioni, per un totale combinato di 5.836.874 azioni. In base all'Accordo di Fusione, ogni azione Vigil è stata convertita nel diritto a ricevere 8,00 $ in contanti più un diritto di valore contingente (CVR) fino a 2,00 $ pagabile al raggiungimento di una specifica tappa clinica. La dichiarazione mostra zero azioni detenute di fatto dopo la transazione, ponendo fine allo status di Atlas Venture come detentore di oltre il 10%. Non risultano titoli derivati in circolazione. Il Modulo 4 è quindi principalmente di natura amministrativa, confermando le modalità di chiusura e i termini della considerazione già annunciati nel proxy della fusione.

Las entidades de Atlas Venture han presentado un Formulario 4 revelando la disposición completa de sus participaciones en Vigil Neuroscience (VIGL) tras la fusión de la compañía con Sanofi el 5 de agosto de 2025. Atlas Venture Fund XII vendió 4,808,896 acciones ordinarias y Atlas Venture Opportunity Fund I vendió 1,027,978 acciones, sumando un total combinado de 5,836,874 acciones. Según el Acuerdo de Fusión, cada acción de Vigil se convirtió en el derecho a recibir $8.00 en efectivo más un derecho de valor contingente (CVR) de hasta $2.00 pagadero al alcanzar un hito clínico definido. La presentación muestra cero acciones en propiedad efectiva tras la transacción, finalizando el estatus de Atlas Venture como titular de más del 10%. No quedan valores derivados pendientes. Por lo tanto, el Formulario 4 es en gran parte administrativo, confirmando los mecanismos de cierre y los términos de la contraprestación ya anunciados en el proxy de la fusión.

Atlas Venture 관� 법인들은 2025� 8� 5� Sanofi와� 합병 이후 Vigil Neuroscience(VIGL) 지� 전량 처분� 공개하는 Form 4� 제출했습니다. Atlas Venture Fund XII� 4,808,896 보통��, Atlas Venture Opportunity Fund I� 1,027,978 주식� 처분하여 � 5,836,874 �� 매각했습니다. 합병 계약� 따라 Vigil� � 주식은 현금 8.00달러와 특정 임상 이정� 달성 � 지급되� 최대 2.00달러� 조건부 가� 권리(CVR)� 전환되었습니�. 제출� 서류에는 거래 � 실질 소유 주식� 0�� 나타� Atlas Venture가 10% 이상 보유� 지위를 상실했음� 보여줍니�. 파생 증권은 남아있지 않습니다. 따라� Form 4� 주로 행정� 성격으로, 합병 대리인 보고서에� 이미 발표� 종료 절차 � 대가 조건� 확인하는 내용입니�.

Les entités d'Atlas Venture ont déposé un formulaire 4 révélant la cession complète de leurs participations dans Vigil Neuroscience (VIGL) suite à la fusion de la société avec Sanofi le 5 août 2025. Atlas Venture Fund XII a cédé 4 808 896 actions ordinaires et Atlas Venture Opportunity Fund I a cédé 1 027 978 actions, soit un total combiné de 5 836 874 actions. Conformément à l'accord de fusion, chaque action Vigil a été convertie en droit de recevoir 8,00 $ en espèces plus un droit de valeur conditionnelle (CVR) pouvant aller jusqu'à 2,00 $, payable à l'atteinte d'un jalon clinique défini. Le dépôt indique aucune action détenue de manière bénéficiaire après la transaction, mettant fin au statut d'Atlas Venture en tant que détenteur de plus de 10 %. Aucun titre dérivé n'est en circulation. Le formulaire 4 est donc principalement administratif, confirmant les modalités de clôture et les conditions de la contrepartie déjà annoncées dans la procuration de fusion.

Die Atlas Venture Gesellschaften haben ein Formular 4 eingereicht, das die vollständige Veräußerung ihrer Vigil Neuroscience (VIGL) Beteiligungen nach der Fusion des Unternehmens mit Sanofi am 5. August 2025 offenlegt. Atlas Venture Fund XII veräußerte 4.808.896 Stammaktien und Atlas Venture Opportunity Fund I veräußerte 1.027.978 Aktien, insgesamt also 5.836.874 Aktien. Gemäß dem Fusionsvertrag wurde jede Vigil-Aktie in das Recht umgewandelt, 8,00 $ in bar plus ein bedingtes Wertrecht (CVR) von bis zu 2,00 $ zu erhalten, zahlbar bei Erreichen eines definierten klinischen Meilensteins. Die Einreichung zeigt keinen wirtschaftlichen Aktienbesitz nach der Transaktion, womit der Status von Atlas Venture als >10 %-Eigentümer endet. Es sind keine derivativen Wertpapiere mehr ausstehend. Das Formular 4 ist daher hauptsächlich administrativ und bestätigt die bereits im Fusionsproxy angekündigten Abschlussmechanismen und Gegenleistungsbedingungen.

Positive
  • Merger consideration confirmed: $8.00 cash plus up to $2.00 CVR per share is now effective.
Negative
  • Large insider no longer aligned: Atlas Venture’s exit removes a 10 %+ holder that previously had board representation.

Insights

TL;DR: Sanofi deal closed; Atlas Venture exits VIGL, receiving $8 cash + $2 CVR per share; no remaining stake.

The Form 4 confirms the technical settlement of Sanofi’s acquisition of Vigil Neuroscience. Atlas Venture’s 5.84 million shares—roughly 16 % of the pre-deal float—have been converted into cash and CVRs, eliminating a large insider position. The consideration terms match prior disclosures, so incremental valuation impact is minimal; however, the filing provides final share counts useful for fund-flow reconciliation. Investors in the CVR should note that milestone-based payments remain contingent on clinical progress and are now the sole upside exposure.

Le entità di Atlas Venture hanno presentato un Modulo 4 che dichiara la completa cessione delle loro partecipazioni in Vigil Neuroscience (VIGL) a seguito della fusione della società con Sanofi avvenuta il 5 agosto 2025. Atlas Venture Fund XII ha ceduto 4.808.896 azioni ordinarie e Atlas Venture Opportunity Fund I ha ceduto 1.027.978 azioni, per un totale combinato di 5.836.874 azioni. In base all'Accordo di Fusione, ogni azione Vigil è stata convertita nel diritto a ricevere 8,00 $ in contanti più un diritto di valore contingente (CVR) fino a 2,00 $ pagabile al raggiungimento di una specifica tappa clinica. La dichiarazione mostra zero azioni detenute di fatto dopo la transazione, ponendo fine allo status di Atlas Venture come detentore di oltre il 10%. Non risultano titoli derivati in circolazione. Il Modulo 4 è quindi principalmente di natura amministrativa, confermando le modalità di chiusura e i termini della considerazione già annunciati nel proxy della fusione.

Las entidades de Atlas Venture han presentado un Formulario 4 revelando la disposición completa de sus participaciones en Vigil Neuroscience (VIGL) tras la fusión de la compañía con Sanofi el 5 de agosto de 2025. Atlas Venture Fund XII vendió 4,808,896 acciones ordinarias y Atlas Venture Opportunity Fund I vendió 1,027,978 acciones, sumando un total combinado de 5,836,874 acciones. Según el Acuerdo de Fusión, cada acción de Vigil se convirtió en el derecho a recibir $8.00 en efectivo más un derecho de valor contingente (CVR) de hasta $2.00 pagadero al alcanzar un hito clínico definido. La presentación muestra cero acciones en propiedad efectiva tras la transacción, finalizando el estatus de Atlas Venture como titular de más del 10%. No quedan valores derivados pendientes. Por lo tanto, el Formulario 4 es en gran parte administrativo, confirmando los mecanismos de cierre y los términos de la contraprestación ya anunciados en el proxy de la fusión.

Atlas Venture 관� 법인들은 2025� 8� 5� Sanofi와� 합병 이후 Vigil Neuroscience(VIGL) 지� 전량 처분� 공개하는 Form 4� 제출했습니다. Atlas Venture Fund XII� 4,808,896 보통��, Atlas Venture Opportunity Fund I� 1,027,978 주식� 처분하여 � 5,836,874 �� 매각했습니다. 합병 계약� 따라 Vigil� � 주식은 현금 8.00달러와 특정 임상 이정� 달성 � 지급되� 최대 2.00달러� 조건부 가� 권리(CVR)� 전환되었습니�. 제출� 서류에는 거래 � 실질 소유 주식� 0�� 나타� Atlas Venture가 10% 이상 보유� 지위를 상실했음� 보여줍니�. 파생 증권은 남아있지 않습니다. 따라� Form 4� 주로 행정� 성격으로, 합병 대리인 보고서에� 이미 발표� 종료 절차 � 대가 조건� 확인하는 내용입니�.

Les entités d'Atlas Venture ont déposé un formulaire 4 révélant la cession complète de leurs participations dans Vigil Neuroscience (VIGL) suite à la fusion de la société avec Sanofi le 5 août 2025. Atlas Venture Fund XII a cédé 4 808 896 actions ordinaires et Atlas Venture Opportunity Fund I a cédé 1 027 978 actions, soit un total combiné de 5 836 874 actions. Conformément à l'accord de fusion, chaque action Vigil a été convertie en droit de recevoir 8,00 $ en espèces plus un droit de valeur conditionnelle (CVR) pouvant aller jusqu'à 2,00 $, payable à l'atteinte d'un jalon clinique défini. Le dépôt indique aucune action détenue de manière bénéficiaire après la transaction, mettant fin au statut d'Atlas Venture en tant que détenteur de plus de 10 %. Aucun titre dérivé n'est en circulation. Le formulaire 4 est donc principalement administratif, confirmant les modalités de clôture et les conditions de la contrepartie déjà annoncées dans la procuration de fusion.

Die Atlas Venture Gesellschaften haben ein Formular 4 eingereicht, das die vollständige Veräußerung ihrer Vigil Neuroscience (VIGL) Beteiligungen nach der Fusion des Unternehmens mit Sanofi am 5. August 2025 offenlegt. Atlas Venture Fund XII veräußerte 4.808.896 Stammaktien und Atlas Venture Opportunity Fund I veräußerte 1.027.978 Aktien, insgesamt also 5.836.874 Aktien. Gemäß dem Fusionsvertrag wurde jede Vigil-Aktie in das Recht umgewandelt, 8,00 $ in bar plus ein bedingtes Wertrecht (CVR) von bis zu 2,00 $ zu erhalten, zahlbar bei Erreichen eines definierten klinischen Meilensteins. Die Einreichung zeigt keinen wirtschaftlichen Aktienbesitz nach der Transaktion, womit der Status von Atlas Venture als >10 %-Eigentümer endet. Es sind keine derivativen Wertpapiere mehr ausstehend. Das Formular 4 ist daher hauptsächlich administrativ und bestätigt die bereits im Fusionsproxy angekündigten Abschlussmechanismen und Gegenleistungsbedingungen.

false 0001289490 0001289490 2025-08-06 2025-08-06
 
 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

August 6, 2025

(Date of Report (Date of Earliest Event Reported))

 

 

EXTRA SPACE STORAGE INC.

(Exact Name of Registrant as Specified in Its Charter)

 

 

 

Maryland   001-32269   20-1076777
(State or Other Jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification Number)

2795 East Cottonwood Parkway, Suite 300

Salt Lake City, Utah 84121

(Address of Principal Executive Offices)

(801) 365-4600

(Registrant’s Telephone Number, Including Area Code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934

 

Title of each class

 

Trading

symbol

 

Name of each exchange
on which registered

Common Stock, $0.01 par value   EXR   New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 
 


Item 8.01

Other Events.

On August 6, 2025, Extra Space Storage LP (the “Issuer”), Extra Space Storage Inc. (the “Company”), ESS Holdings Business Trust I (“EHBT I”) and ESS Holdings Business Trust II (“EHBT II” and, together with the EHBT I and the Company, the “Guarantors”) entered into an underwriting agreement (the “Underwriting Agreement”) with J.P. Morgan Securities LLC, BMO Capital Markets Corp. and PNC Capital Markets LLC, as representatives of the several underwriters named therein (the “Underwriters”), with respect to an underwritten public offering of $800 million aggregate principal amount of the Issuer’s 4.950% senior notes due 2033 (the “Notes”). The Notes will be fully and unconditionally guaranteed by the Guarantors. The description of the Underwriting Agreement in this Current Report on Form 8-K is a summary and is qualified in its entirety by the full text of the Underwriting Agreement. The press release announcing the pricing of the Notes is filed as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Certain of the Underwriters and their affiliates have engaged in, and may in the future engage in from time to time, investment banking and other commercial dealings in the ordinary course of business with the Company, for which they have received customary fees and commissions. In addition, affiliates of certain of the Underwriters are lenders under the Company’s secured line of credit and/or senior unsecured line of credit. The Company intends to use the net proceeds from the offering to repay amounts outstanding from time to time under its lines of credit and its commercial paper program, and for other general corporate and working capital purposes, including funding potential acquisition opportunities. To the extent that the Company uses any of the net proceeds from the offering to repay indebtedness, such Underwriters or their affiliates will receive their proportionate share of any amount of the outstanding borrowings that is repaid with the net proceeds from the offering.

 

Item 9.01

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit

Number

   Description
 1.1    Underwriting Agreement, dated August 6, 2025, among Extra Space Storage Inc., Extra Space Storage LP, ESS Holdings Business Trust I, ESS Holdings Business Trust II, and J.P. Morgan Securities LLC, BMO Capital Markets Corp. and PNC Capital Markets LLC as representatives of the several underwriters named therein.
99.1    Press Release issued by Extra Space Storage Inc. on August 6, 2025.
104    Cover Page Interactive Data File (embedded within the Inline XBRL document).


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    EXTRA SPACE STORAGE INC.
Date: August 7, 2025     By  

/s/ Gwyn McNeal

    Name:   Gwyn McNeal
    Title:   Executive Vice President and Chief Legal Officer

FAQ

Why did Atlas Venture file this Form 4 for VIGL?

Because its shares were automatically disposed of when Sanofi completed its merger with Vigil Neuroscience on 5 Aug 2025.

How many Vigil Neuroscience shares were disposed of?

A total of 5,836,874 common shares�4,808,896 by Atlas Venture Fund XII and 1,027,978 by Atlas Venture Opportunity Fund I.

What do former VIGL shareholders receive after the merger?

Each share converts into $8.00 in cash plus a CVR worth up to $2.00 contingent on a clinical milestone.

Does Atlas Venture still own any VIGL shares?

No. The Form 4 reports zero shares beneficially owned after the merger closed.

What is the potential value of the contingent value right (CVR)?

The CVR entitles holders to an additional $2.00 per share in cash if a specified clinical milestone is met.
Extra Space Storage Inc

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