Item 1. Security and Issuer.
This Statement relates to the common stock, par value $0.0001 per share (the Common Stock), of Pardes Biosciences, Inc., a
Delaware corporation (the Issuer). The address of the Issuers principal executive offices is 2173 Salk Ave, Suite 250, PMB#052, Carlsbad, California 92008.
Item 2. Identity and Background.
(a) This Statement is being filed by Uri A. Lopatin, M.D., the President, Chief Executive Officer and member of the board of directors of the
Issuer (Dr. Lopatin or the Reporting Person).
(b) Dr. Lopatins
business address is c/o Pardes Biosciences, Inc., 2173 Salk Ave, Suite 250, PMB#052, Carlsbad, California 92008.
(c) Dr. Lopatin is
the President and Chief Executive Officer of the Issuer.
(d) During the last five years, the Reporting Person has not been convicted in a
criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the past five years, the Reporting Person was not a
party to any civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which such person was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) Dr. Lopatin is a
citizen of the United States.
Item 3. Source of Funds.
The responses to Items 4 and 6 of this Statement are incorporated herein by reference.
Pursuant to the Agreement and Plan of Merger, dated June 29, 2021, as amended (the Merger Agreement), by and among FS
Development Corp. II (the former name of the Issuer, FSII), Orchard Merger Sub, Inc. (Merger Sub) and Pardes Biosciences, Inc. (Old Pardes), on December 23, 2021, Merger Sub merged with
and into Old Pardes, with Old Pardes surviving the merger as a wholly-owned subsidiary of Issuer (such merger and the other transactions contemplated by the Merger Agreement, the Business Combination). The Issuer changed its name
to Pardes Biosciences, Inc. upon the Business Combination and Old Pardes changed its name to Pardes Biosciences Sub, Inc. preceding the Business Combination. The foregoing description of the Business Combination does not purport to be complete and
is qualified in its entirety by the full text of the Merger Agreement, which is attached as Exhibit 99.1 to this Statement and incorporated herein by reference.
As a result of the closing of the Business Combination on December 23, 2021 (the Closing), (i) Dr. Lopatin
acquired 5,327,798 shares of Issuer Common Stock in exchange for 3,784,505 shares of Old Pardes common stock and (ii) the Lopatin Trust acquired 351,948 shares of Issuer Common Stock in exchange for 250,000 shares of Old Pardes common stock.
On February 1, 2022, in connection with his employment, Dr. Lopatin was granted a stock option by the Issuer to purchase
421,000 shares of Common Stock at an exercise price of $11.32 per share. The option vests in substantially equal monthly installments over a four-year period measured from February 1, 2022, subject to the continued service relationship by
Dr. Lopatin as of the applicable vesting date. Such option will expire on January 31, 2032. The vested shares subject to such option are exercisable upon the effectiveness of the Issuers registration statement on Form S-8, registering the shares of the Issuers 2021 Stock Option and Incentive Plan with the U.S. Securities and Exchange Commission.
Item 4. Purpose of Transaction.
The
responses set forth in Items 3 and 6 hereof are incorporated by reference in their entirety.