# EDGAR Filing Document

**Accession Number:** 0001803539
**File Stem:** 0001193125-23-022858
**Filing Date:** 2023-2
**Character Count:** 15415
**Document Hash:** b7facb8ea3340b7625e6834913533071
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-022858.hdr.sgml**: 20230202

**ACCESSION NUMBER**: 0001193125-23-022858

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230202

**DATE AS OF CHANGE**: 20230202

**GROUP MEMBERS**: NESTLE S.A.

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Axcella Health Inc.
- **CENTRAL INDEX KEY:** 0001633070
- **STANDARD INDUSTRIAL CLASSIFICATION:** BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91012
- **FILM NUMBER:** 23582237

**BUSINESS ADDRESS:**
- **STREET 1:** 840 MEMORIAL DRIVE
- **STREET 2:** THIRD FLOOR
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02139
- **BUSINESS PHONE:** 617-868-0949

**MAIL ADDRESS:**
- **STREET 1:** 840 MEMORIAL DRIVE
- **STREET 2:** THIRD FLOOR
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02139

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Pronutria Biosciences, Inc.
- **DATE OF NAME CHANGE:** 20150206
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Societe des Produits Nestle S.A.
- **CENTRAL INDEX KEY:** 0001803539
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** V8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** AVENUE NESTLE 55
- **CITY:** VEVEY
- **STATE:** V8
- **ZIP:** CH-1800
- **BUSINESS PHONE:** 41-21-924-1111

**MAIL ADDRESS:**
- **STREET 1:** AVENUE NESTLE 55
- **CITY:** VEVEY
- **STATE:** V8
- **ZIP:** CH-1800

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

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**SCHEDULE 13G** 

**Under the Securities Exchange Act of 1934** 

**(Amendment No. 4)** 

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## Axcella Health Inc.
**(Name of Issuer)** 

**Common Stock, par value $0.001** 

**(Title of Class of Securities)** 

**05454B105** 

**(CUSIP Number)** 

**Nestlé S.A.** 

**Avenue Nestlé, 55** 

**1800 Vevey** 

**Switzerland** 

**Attention: General Counsel** 

**Facsimile: 011-41-21-924-2821** 

***with a copy to:***

**David A. Carpenter, Esq.** 

**Mayer Brown, LLP** 

**1221 Avenue of the Americas** 

**New York, New York 10020** 

**(212) 506-2195** 

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

**December 31, 2022** 

**(Date of Event which Requires Filing of this Statement)** 

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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 disclosures provided in a prior cover page.

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).

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CUSIP No. 05454B105

1. &nbsp;&nbsp;&nbsp;&nbsp; NAME OF REPORTING PERSON: &nbsp;&nbsp;&nbsp;&nbsp; Société des Produits Nestlé S.A.

2. &nbsp;&nbsp;&nbsp;&nbsp; CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP: &nbsp;&nbsp;&nbsp;&nbsp; (a) ☐ (b) ☐

3. &nbsp;&nbsp;&nbsp;&nbsp; SEC USE ONLY:

4. &nbsp;&nbsp;&nbsp;&nbsp; CITIZENSHIP OR PLACE OF
ORGANIZATION: &nbsp;&nbsp;&nbsp;&nbsp; Switzerland

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 5. | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER:<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 6. | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER:<br>&nbsp;&nbsp;&nbsp;&nbsp;11,105,438 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 7. | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER:<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 8. | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER:<br>&nbsp;&nbsp;&nbsp;&nbsp;11,105,438 |

---

9. &nbsp;&nbsp;&nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: &nbsp;&nbsp;&nbsp;&nbsp; 11,105,438

10. &nbsp;&nbsp;&nbsp;&nbsp; CHECK IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: &nbsp;&nbsp;&nbsp;&nbsp; ☐

11. &nbsp;&nbsp;&nbsp;&nbsp; PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (9): &nbsp;&nbsp;&nbsp;&nbsp; 15.09% <sup>(1)</sup>

12. &nbsp;&nbsp;&nbsp;&nbsp; TYPE OF REPORTING
PERSON: &nbsp;&nbsp;&nbsp;&nbsp; CO

------

<sup>(1)</sup> Based upon a total of 73,554,837 shares of Common Stock outstanding as of October 28, 2022, as reported by the Issuer in its Form 10-Q filed with the Securities and Exchange Commission ("SEC") on November 1, 2022. 

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CUSIP No. 05454B105

1. &nbsp;&nbsp;&nbsp;&nbsp; NAME OF REPORTING PERSON: &nbsp;&nbsp;&nbsp;&nbsp; Nestlé S.A.

2. &nbsp;&nbsp;&nbsp;&nbsp; CHECK THE APPROPRIATE BOX
IF A MEMBER OF A GROUP: &nbsp;&nbsp;&nbsp;&nbsp; (a) ☐ (b) ☐

3. &nbsp;&nbsp;&nbsp;&nbsp; SEC USE ONLY:

4. &nbsp;&nbsp;&nbsp;&nbsp; CITIZENSHIP OR PLACE OF
ORGANIZATION: &nbsp;&nbsp;&nbsp;&nbsp; Switzerland

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 5. | &nbsp;&nbsp;&nbsp;&nbsp;SOLE VOTING POWER:<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 6. | &nbsp;&nbsp;&nbsp;&nbsp;SHARED VOTING POWER:<br>&nbsp;&nbsp;&nbsp;&nbsp;11,105,438 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 7. | &nbsp;&nbsp;&nbsp;&nbsp;SOLE DISPOSITIVE POWER:<br>&nbsp;&nbsp;&nbsp;&nbsp;0 |
| &nbsp;&nbsp;&nbsp; NUMBER OF<br> SHARES<br> BENEFICIALLY <br> BY OWNED BY<br> EACH<br> REPORTING<br> PERSON<br> WITH: | 8. | &nbsp;&nbsp;&nbsp;&nbsp;SHARED DISPOSITIVE POWER:<br>&nbsp;&nbsp;&nbsp;&nbsp;11,105,438 |

---

9. &nbsp;&nbsp;&nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: &nbsp;&nbsp;&nbsp;&nbsp; 11,105,438

10. &nbsp;&nbsp;&nbsp;&nbsp; CHECK IF THE AGGREGATE
AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES: &nbsp;&nbsp;&nbsp;&nbsp; ☐

11. &nbsp;&nbsp;&nbsp;&nbsp; PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (9): &nbsp;&nbsp;&nbsp;&nbsp; 15.09% <sup>(1)</sup>

12. &nbsp;&nbsp;&nbsp;&nbsp; TYPE OF REPORTING
PERSON: &nbsp;&nbsp;&nbsp;&nbsp; CO

------

<sup>(1)</sup> Based upon a total of 73,554,837 shares of Common Stock outstanding as of October 28, 2022, as reported by the Issuer in its Form 10-Q filed with the SEC on November 1, 2022. 

------

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| | | | |
|:---|:---|:---|:---|
| **Item 1(a).** | **Name of Issuer:**<br>Axcella Health Inc. | **Name of Issuer:**<br>Axcella Health Inc. | **Name of Issuer:**<br>Axcella Health Inc. |
| **Item 1(b).** | **Address of Issuer's Principal Executive Offices:**<br>840 Memorial Drive<br> Cambridge, MA 02139<br> (857) 320-2200 | **Address of Issuer's Principal Executive Offices:**<br>840 Memorial Drive<br> Cambridge, MA 02139<br> (857) 320-2200 | **Address of Issuer's Principal Executive Offices:**<br>840 Memorial Drive<br> Cambridge, MA 02139<br> (857) 320-2200 |
| **Item 2(a).** | **Name of Person Filing:**<br>This statement is filed by:<br>Société des Produits Nestlé S.A. ("SPN"), a *société anonyme* organized under the laws of Switzerland, with respect to the shares of Common Stock (as defined in Item 2(d) below) directly held by it.<br>Nestlé S.A. ("Nestlé"), a *société anonyme* organized under the laws of Switzerland, with respect to the shares of Common Stock held by SPN, which is a wholly owned indirect subsidiary. The ultimate parent company of SPN is Nestlé.<br>The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. | **Name of Person Filing:**<br>This statement is filed by:<br>Société des Produits Nestlé S.A. ("SPN"), a *société anonyme* organized under the laws of Switzerland, with respect to the shares of Common Stock (as defined in Item 2(d) below) directly held by it.<br>Nestlé S.A. ("Nestlé"), a *société anonyme* organized under the laws of Switzerland, with respect to the shares of Common Stock held by SPN, which is a wholly owned indirect subsidiary. The ultimate parent company of SPN is Nestlé.<br>The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. | **Name of Person Filing:**<br>This statement is filed by:<br>Société des Produits Nestlé S.A. ("SPN"), a *société anonyme* organized under the laws of Switzerland, with respect to the shares of Common Stock (as defined in Item 2(d) below) directly held by it.<br>Nestlé S.A. ("Nestlé"), a *société anonyme* organized under the laws of Switzerland, with respect to the shares of Common Stock held by SPN, which is a wholly owned indirect subsidiary. The ultimate parent company of SPN is Nestlé.<br>The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. |
| **Item 2(b).** | **Address of Principal Business Office or, if none, Residence:**<br>The principal executive office of SPN and Nestlé is Avenue Nestlé 55, CH-1800, Vevey Switzerland. | **Address of Principal Business Office or, if none, Residence:**<br>The principal executive office of SPN and Nestlé is Avenue Nestlé 55, CH-1800, Vevey Switzerland. | **Address of Principal Business Office or, if none, Residence:**<br>The principal executive office of SPN and Nestlé is Avenue Nestlé 55, CH-1800, Vevey Switzerland. |
| **Item 2(c).** | **Citizenship:**<br>SPN and Nestlé are *société anonymes* organized under the laws of Switzerland. | **Citizenship:**<br>SPN and Nestlé are *société anonymes* organized under the laws of Switzerland. | **Citizenship:**<br>SPN and Nestlé are *société anonymes* organized under the laws of Switzerland. |
| **Item 2(d).** | **Title of Class of Securities:**<br>Common Stock, $0.001 par value per share (the "Common Stock") | **Title of Class of Securities:**<br>Common Stock, $0.001 par value per share (the "Common Stock") | **Title of Class of Securities:**<br>Common Stock, $0.001 par value per share (the "Common Stock") |
| **Item 2(e).** | **CUSIP Number:**<br>05454B105 | **CUSIP Number:**<br>05454B105 | **CUSIP Number:**<br>05454B105 |
| **Item 3.** | **If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:** | **If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:** | **If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:** |
|  | (a) | ☐ | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
|  | (b) | ☐ | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
|  | (c) | ☐ | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
|  | (d) | ☐ | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
|  | (e) | ☐ | An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
|  | (f) | ☐ | An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
|  | (g) | ☐ | A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
|  | (h) | ☐ | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); |
|  | (i) | ☐ | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); and |
|  | (k) | ☐ | Group, in accordance with §240.13d-1(b)(1)(ii)(J). |

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| | |
|:---|:---|
| **Item 4.** | **Ownership.** |
|  | The information requested hereinafter is set forth in items 5 through 9 and 11 of the cover pages to this Schedule 13G. The ownership percentage is based upon a total of 73,554,837 shares of Common Stock outstanding as reported by the Issuer in its Quarterly Report on Form 10-Q for the period ending September 30, 2022, as filed with the SEC on November 1, 2022.<br>SPN is a wholly owned subsidiary of Nestlé and the ultimate parent company of SPN is Nestlé. Each of SPN and Nestlé may be deemed to share voting and investment power with respect to all shares of Common Stock held by SPN. Nestlé disclaims beneficial ownership of such shares of Common Stock except to the extent of its pecuniary interest therein. |
| **Item 5.** | **Ownership of Five Percent or Less of a Class.** |
|  | If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. ☐ |
| **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 or Control Person.** |
|  | Not applicable. |
| **Item 8.** | **Identification and Classification of Members of the Group.** |
|  | Not applicable. |
| **Item 9.** | **Notice of Dissolution of Group.** |
|  | Not applicable. |
| **Item 10.** | **Certifications.** |
|  | Each of the Reporting Persons hereby makes the following certification:<br>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |

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**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.

Dated February 2, 2023

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| | |
|:---|:---|
| **SOCIETE DES PRODUITS NESTLE S.A.** | **SOCIETE DES PRODUITS NESTLE S.A.** |
| By: | /s/ Claudio Kuoni |
|  | Name: Claudio Kuoni |
|  | Title: Vice President |
| **NESTLÉ S.A.** | **NESTLÉ S.A.** |
| By: | /s/ Gregory Behar |
|  | Name: Gregory Behar |
|  | Title: Deputy Executive Vice President |

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