Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:

3235-0287

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

SHV Management Services, LLC

2. Issuer Name and Ticker or Trading Symbol
Molecular Templates, Inc. [MTEM]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

C/O SANTE VENTURES, 201 WEST 5TH STREET, SUITE 1500

3. Date of Earliest Transaction (Month/Day/Year)
06/13/2022

(Street)

AUSTIN, TX 78701

4. If Amendment, Date 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

(City)

(State)

(Zip)

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/13/2022		P		100,000	A	$ 0.91	100,000	I	By SHVMS, LLC ⁽¹⁾
Common Stock	06/14/2022		P		60,000	A	$ 0.87	160,000	I	By SHVMS, LLC ⁽¹⁾
Common Stock	06/15/2022		P		62,000	A	$ 0.89	222,000	I	By SHVMS, LLC ⁽¹⁾
Common Stock								6,097,298	I	By Sante Health Ventures I, L.P. ⁽²⁾
Common Stock								864,665	I	By Sante Health Ventures I Annex Fund, L.P. ⁽²⁾
Common Stock								50,000	I	By SHV Management Services, L.P. ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
SHV Management Services, LLC C/O SANTE VENTURES 201 WEST 5TH STREET, SUITE 1500 AUSTIN, TX 78701		X
Cunningham Joe H C/O SANTE VENTURES 201 WEST 5TH STREET, SUITE 1500 AUSTIN, TX 78701		X
FRENCH DOUGLAS D C/O SANTE VENTURES 201 WEST 5TH STREET, SUITE 1500 AUSTIN, TX 78701		X
SHV Management Services, LP C/O SANTE VENTURES 201 WEST 5TH STREET, SUITE 1500 AUSTIN, TX 78701		X
SHV Annex Services, LP C/O SANTE VENTURES 201 WEST 5TH STREET, SUITE 1500 AUSTIN, TX 78701		X
Sante Health Ventures I Annex Fund, LP C/O SANTE VENTURES 201 WEST 5TH STREET, SUITE 1500 AUSTIN, TX 78701		X
SANTE HEALTH VENTURES I LP C/O SANTE VENTURES 201 WEST 5TH STREET, SUITE 1500 AUSTIN, TX 78701		X

Signatures

SHV Management Services, LLC, By: /s/ Kevin Lalande, Its Managing Member		06/21/2022
^**Signature of Reporting Person		Date
/s/ Joe Cunningham, MD		06/21/2022
^**Signature of Reporting Person		Date
/s/ Douglas D. French		06/21/2022
^**Signature of Reporting Person		Date
SHV MANAGEMENT SERVICES, L.P., By: SHV Management Services, LLC, Its general partner, By: /s/ Kevin Lalande, Its Managing Member		06/21/2022
^**Signature of Reporting Person		Date
SHV ANNEX SERVICES, L.P., By: SHV Management Services, LLC, Its general partner, By: /s/ Kevin Lalande, Its Managing Member		06/21/2022
^**Signature of Reporting Person		Date
SANTE HEALTH VENTURES I, L.P., By: SHV Management Services, L.P., Its general partner, By: SHV Management Services, LLC, Its general partner, By: /s/ Kevin Lalande, Its Managing Member		06/21/2022
^**Signature of Reporting Person		Date
SANTE HEALTH VENTURES I, L.P., By: SHV Management Services, L.P., Its general partner, By: SHV Management Services, LLC, Its general partner, By: /s/ Kevin Lalande, Its Managing Member		06/21/2022
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The securities are held by SHVMS, LLC ("SHVMS"). Joe Cunningham, M.D. and Douglas D. French (the "SHV Directors") are managing directors of SHVMS and may be deemed to beneficially own the securities held by SHVMS. Each of the SHV Directors disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(2)	The securities are held by Sante Health Ventures I, L.P., Sante Health Ventures I Annex Fund, L.P. and SHV Management Services, L.P. and may be deemed to be beneficially owned by the SHV Directors, who are managing directors of SHV Management Services, LLC ("SHV Management"). SHV Management is the general partner of SHV Management Services, LP, which is the general partner of Sante Health Ventures I, L.P., and SHV Annex Services, LP, which is the general partner of Sante Health Ventures I Annex Fund, L.P. Each of the SHV Directors, SHV Management, SHV Management Services, LP and SHV Annex Services, LP disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.