United States

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)*

 

 

Erasca, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

29479A108

(CUSIP Number)

September 30, 2024

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

Rule 13d-1(b)

 

Rule 13d-1(c)

 

Rule 13d-1(d)

 

*

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. 29479A108    Schedule 13G    Page 1 of 8

 

 1   

 Names of Reporting Persons

 

 City Hill, LLC

 2  

 Check the Appropriate Box if a Member of a Group

 (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

 

 12,899,360

   7   

 Sole Dispositive Power

 

 0

   8   

 Shared Dispositive Power

 

 12,899,360

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 12,899,360

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 4.6%

12  

 Type of Reporting Person

 

 OO


CUSIP No. 29479A108    Schedule 13G    Page 2 of 8

 

 1   

 Names of Reporting Persons

 

 Jonathan E. Lim

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 Canada

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

 Sole Voting Power

 

 1,547,224

   6   

 Shared Voting Power

 

 32,355,576

   7   

 Sole Dispositive Power

 

 1,547,224

   8   

 Shared Dispositive Power

 

 32,355,576

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 33,902,800

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 11.9%

12  

 Type of Reporting Person

 

 IN


CUSIP No. 29479A108    Schedule 13G    Page 3 of 8

 

 1   

 Names of Reporting Persons

 

 Conyee T. Lim

 2  

 Check the Appropriate Box if a Member of a Group

 (a) ☐  (b) ☐

 

 3  

 SEC Use Only

 

 4  

 Citizenship or Place of Organization

 

 United States

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

   5    

 Sole Voting Power

 

 0

   6   

 Shared Voting Power

 

 19,456,216

   7   

 Sole Dispositive Power

 

 0

   8   

 Shared Dispositive Power

 

 19,456,216

 9   

 Aggregate Amount Beneficially Owned by Each Reporting Person

 

 19,456,216

10  

 Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

 Not Applicable

11  

 Percent of Class Represented by Amount in Row 9

 

 6.9%

12  

 Type of Reporting Person

 

 IN


CUSIP No. 29479A108    Schedule 13G    Page 4 of 8

 

ITEM 1.

(a) Name of Issuer:

Erasca, Inc. (the “Issuer”).

 

  (b)

Address of Issuer’s Principal Executive Offices:

3115 Merryfield Row, Suite 300, San Diego, CA 92121

 

ITEM 2.

(a) Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

City Hill, LLC

Jonathan E. Lim

Conyee T. Lim

 

  (b)

Address or Principal Business Office:

The principal business address of the Reporting Persons is c/o Erasca, Inc., 3115 Merryfield Row, Suite 300, San Diego, CA 92121.

 

  (c)

Citizenship of each Reporting Person is:

City Hill, LLC is organized under the laws of the State of Delaware. Jonathan E. Lim is a citizen of Canada and Conyee T. Lim is a citizen of the United States.

 

  (d)

Title of Class of Securities:

Common stock, $0.0001 par value per share (“Common Stock”).

 

  (e)

CUSIP Number:

29479A108

 

ITEM 3.

Not applicable.


CUSIP No. 29479A108    Schedule 13G    Page 5 of 8

 

ITEM 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of Common Stock as of September 30, 2024, based upon 282,504,318 shares of Common Stock outstanding as of August 5, 2024, as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on August 12, 2024.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole power
to vote or
to direct
the vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole power
to dispose
or to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

City Hill, LLC

     12,899,360        4.6     0        12,899,360        0        12,899,360  

Jonathan E. Lim

     33,902,800        11.9     1,547,224        32,355,576        1,547,224        32,355,576  

Conyee T. Lim

     19,456,216        6.9     0        19,456,216        0        19,456,216  

City Hill, LLC is the record holder of 12,899,360 shares of Common Stock. Jonathan E. Lim is the Managing Partner of City Hill, LLC and as a result may be deemed to share beneficial ownership of the shares of Common Stock held of record by City Hill, LLC. Jonathan E. Lim may be deemed to beneficially own 1,547,224 shares of Common Stock underlying stock options exercisable on or within 60 days of September 30, 2024.

In addition, Jonathan E. Lim and Conyee T. Lim serve as co-trustees of a family trust that is the record holder of 19,456,216 shares of Common Stock. As a result, each of Jonathan E. Lim and Conyee T. Lim may be deemed to share beneficial ownership of the shares of Common Stock held of record by such trust.

 

ITEM 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.


CUSIP No. 29479A108    Schedule 13G    Page 6 of 8

 

ITEM 8.

Identification and Classification of Members of the Group.

Not applicable.

 

ITEM 9.

Notice of Dissolution of Group.

Not applicable.

 

ITEM 10.

Certification.

Not applicable.


CUSIP No. 29479A108    Schedule 13G    Page 7 of 8

 

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: October 29, 2024

 

City Hill, LLC
By:  

/s/ Jonathan E. Lim, M.D.

Name:   Jonathan E. Lim, M.D.
Title:   Managing Partner
Jonathan E. Lim

/s/ Jonathan E. Lim, M.D.

Conyee T. Lim

/s/ Conyee T. Lim, M.D.


CUSIP No. 29479A108    Schedule 13G    Page 8 of 8

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

99    Joint Filing Agreement (previously filed).

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