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Sofinnova group cuts Abivax (ABVX) stake to 3.33M shares, 7.7% votes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Abivax S.A. shareholder Sofinnova Crossover I SLP and affiliated reporting persons update their ownership after selling American depositary shares in the market. On January 12 and 13, 2026, Sofinnova Crossover I SLP sold multiple blocks of Abivax ADSs in open‑market transactions at weighted average prices ranging from $118.27 to $141.26 per ADS, plus a separate trade of 100 ADS at $142.00 per ADS.

As of January 14, 2026, Sofinnova Crossover I SLP holds 3,334,739 Ordinary Shares, representing about 4.3% of Abivax’s 78,398,795 Ordinary Shares outstanding as of November 30, 2025. These shares carry 6,399,478 voting rights, or 7.7% of the 82,688,932 voting rights outstanding. The management company Sofinnova Partners SAS and investment committee members may be deemed to share voting and investment control, although the individuals disclaim beneficial ownership except for their pecuniary interests.

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Insights

Large Abivax holder trims its position but remains a significant voting shareholder.

Sofinnova Crossover I SLP reports open‑market sales of Abivax American depositary shares on January 12, 2026 and January 13, 2026. The trades occurred in multiple blocks, with weighted average prices between $118.27 and $141.26 per ADS, plus a 100‑ADS sale at $142.00. This reflects active portfolio management by a financial sponsor rather than a change disclosed in Abivax’s operations.

After these transactions, Sofinnova Crossover I SLP directly holds 3,334,739 Ordinary Shares, equal to about 4.3% of the 78,398,795 Ordinary Shares outstanding as of November 30, 2025. These shares correspond to 6,399,478 voting rights, or 7.7% of the 82,688,932 voting rights outstanding, keeping Sofinnova a notable voting bloc. The filing states the shares were acquired for investment purposes and that the reporting persons may buy or sell further securities as permitted by law.

The management company Sofinnova Partners SAS and committee members Antoine Papiernik, Cedric Moreau, Kinam Hong, Joseph Anderson, and Jacques Theurillat may be deemed to share voting and investment control over Sofinnova Crossover I SLP’s holdings. The individuals disclaim beneficial ownership beyond their pecuniary interests. Future ownership levels will depend on any additional transactions the group may choose to undertake, which would be reflected in subsequent beneficial ownership reports.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

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 ("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).






SCHEDULE 13D




Comment for Type of Reporting Person:
Note in relation to Items 7 and 8: Sofinnova Partners SAS, a French corporation ("SP SAS"), the management company of Sofinnova Crossover I SLP ("SC"), may be deemed to have sole voting power, and Antoine Papiernik ("Papiernik"), Cedric Moreau ("Moreau"), Kinam Hong ("Hong"), Joseph Anderson ("Anderson") and Jacques Theurillat ("Theurillat"), the members of the investment committee of SC, may be deemed to have shared power to vote these shares. Note in relation to Items 9 and 10: SP SAS, the management company of SC, may be deemed to have sole power to dispose of these shares, and Papiernik, Moreau, Hong, Anderson and Theurillat, the members of the investment committee of SC, may be deemed to have shared power to dispose of these shares. Note in relation to Items 8, 10, 11 and 13: The Reporting Person beneficially owns 3,334,739 Ordinary Shares (including ordinary shares represented by American depositary shares) and has 6,399,478 voting rights related to such shares. The aggregate amount beneficially owned and percent of class reported above are based on the Reporting Person's voting rights and the 82,688,932 voting rights outstanding as of November 30, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note in relation to Items 7 and 8: SP SAS, the management company of SC, may be deemed to have sole voting power, and Papiernik, Moreau, Hong, Anderson and Theurillat, the members of the investment committee of SC, may be deemed to have shared power to vote these shares. Note in relation to Items 9 and 10: SP SAS, the management company of SC, may be deemed to have sole power to dispose of these shares, and Papiernik, Moreau, Hong, Anderson and Theurillat, the members of the investment committee of SC, may be deemed to have shared power to dispose of these shares. Note in relation to Items 8, 10, 11 and 13: The Reporting Person beneficially owns 3,334,739 Ordinary Shares (including ordinary shares represented by American depositary shares) and has 6,399,478 voting rights related to such shares. The aggregate amount beneficially owned and percent of class reported above are based on the Reporting Person's voting rights and the 82,688,932 voting rights outstanding as of November 30, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Items 7 and 8: SP SAS, the management company of SC, may be deemed to have sole voting power, and Papiernik, a member of the investment committee of SC, may be deemed to have shared power to vote these shares. Note to Items 9 and 10: SP SAS, the management company of SC, may be deemed to have sole power to dispose of these shares, and Papiernik, a member of the investment committee of SC, may be deemed to have shared power to dispose of these shares. Note in relation to Items 8, 10, 11 and 13: The Reporting Person beneficially owns 3,334,739 Ordinary Shares (including ordinary shares represented by American depositary shares) and has 6,399,478 voting rights related to such shares. The aggregate amount beneficially owned and percent of class reported above are based on the Reporting Person's voting rights and the 82,688,932 voting rights outstanding as of November 30, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Items 7 and 8: SP SAS, the management company of SC, may be deemed to have sole voting power, and Moreau, a member of the investment committee of SC, may be deemed to have shared power to vote these shares. Note to Items 9 and 10: SP SAS, the management company of SC, may be deemed to have sole power to dispose of these shares, and Moreau, a member of the investment committee of SC, may be deemed to have shared power to dispose of these shares. Note in relation to Items 8, 10, 11 and 13: The Reporting Person beneficially owns 3,334,739 Ordinary Shares (including ordinary shares represented by American depositary shares) and has 6,399,478 voting rights related to such shares. The aggregate amount beneficially owned and percent of class reported above are based on the Reporting Person's voting rights and the 82,688,932 voting rights outstanding as of November 30, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Items 7 and 8: SP SAS, the management company of SC, may be deemed to have sole voting power, and Hong, a member of the investment committee of SC, may be deemed to have shared power to vote these shares. Note to Items 9 and 10: SP SAS, the management company of SC, may be deemed to have sole power to dispose of these shares, and Hong, a member of the investment committee of SC, may be deemed to have shared power to dispose of these shares. Note in relation to Items 8, 10, 11 and 13: The Reporting Person beneficially owns 3,334,739 Ordinary Shares (including ordinary shares represented by American depositary shares) and has 6,399,478 voting rights related to such shares. The aggregate amount beneficially owned and percent of class reported above are based on the Reporting Person's voting rights and the 82,688,932 voting rights outstanding as of November 30, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Items 7 and 8: SP SAS, the management company of SC, may be deemed to have sole voting power, and Anderson, a member of the investment committee of SC, may be deemed to have shared power to vote these shares. Note to Items 9 and 10: SP SAS, the management company of SC, may be deemed to have sole power to dispose of these shares, and Anderson, a member of the investment committee of SC, may be deemed to have shared power to dispose of these shares. Note in relation to Items 8, 10, 11 and 13: The Reporting Person beneficially owns 3,334,739 Ordinary Shares (including ordinary shares represented by American depositary shares) and has 6,399,478 voting rights related to such shares. The aggregate amount beneficially owned and percent of class reported above are based on the Reporting Person's voting rights and the 82,688,932 voting rights outstanding as of November 30, 2025.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Items 7 and 8: SP SAS, the management company of SC, may be deemed to have sole voting power, and Theurillat, a member of the investment committee of SC, may be deemed to have shared power to vote these shares. Note to Items 9 and 10: SP SAS, the management company of SC, may be deemed to have sole power to dispose of these shares, and Theurillat, a member of the investment committee of SC, may be deemed to have shared power to dispose of these shares. Note in relation to Items 8, 10, 11 and 13: The Reporting Person beneficially owns 3,334,739 Ordinary Shares (including ordinary shares represented by American depositary shares) and has 6,399,478 voting rights related to such shares. The aggregate amount beneficially owned and percent of class reported above are based on the Reporting Person's voting rights and the 82,688,932 voting rights outstanding as of November 30, 2025.


SCHEDULE 13D


Sofinnova Crossover I SLP
Signature:/s/ Antoine Papiernik
Name/Title:Managing Partner
Date:01/14/2026
Sofinnova Partners SAS
Signature:/s/ Antoine Papiernik
Name/Title:Managing Partner
Date:01/14/2026
Antoine Papiernik
Signature:/s/ Antoine Papiernik
Name/Title:Antoine Papiernik
Date:01/14/2026
Cedric Moreau
Signature:/s/ Cedric Moreau
Name/Title:Cedric Moreau
Date:01/14/2026
Kinam Hong
Signature:/s/ Kinam Hong
Name/Title:Kinam Hong
Date:01/14/2026
Joseph Anderson
Signature:/s/ Joseph Anderson
Name/Title:Joseph Anderson
Date:01/14/2026
Jacques Theurillat
Signature:/s/ Jacques Theurillat
Name/Title:Jacques Theurillat
Date:01/14/2026

FAQ

What ownership stake does Sofinnova currently report in Abivax (ABVX)?

As of January 14, 2026, Sofinnova Crossover I SLP reports holding 3,334,739 Ordinary Shares of Abivax, representing about 4.3% of the 78,398,795 Ordinary Shares outstanding as of November 30, 2025, and 6,399,478 voting rights, or 7.7% of the 82,688,932 voting rights outstanding.

What transactions triggered this Schedule 13D/A amendment for Abivax (ABVX)?

The amendment reflects that Sofinnova Crossover I SLP sold multiple blocks of Abivax American depositary shares in open‑market transactions on January 12 and 13, 2026, at weighted average prices between $118.27 and $141.26 per ADS, plus a 100‑ADS sale at $142.00 per ADS.

Who are the reporting persons in this Abivax (ABVX) Schedule 13D/A filing?

The reporting persons are Sofinnova Crossover I SLP, its management company Sofinnova Partners SAS, and investment committee members Antoine Papiernik, Cedric Moreau, Kinam Hong, Joseph Anderson, and Jacques Theurillat.

Do the individual Sofinnova committee members directly own Abivax (ABVX) shares?

The filing states that none of the individual reporting persons directly holds Ordinary Shares or ADSs. Their reported interest arises through Sofinnova Crossover I SLP, and each individual disclaims beneficial ownership except to the extent of any pecuniary interest.

How much voting influence does Sofinnova have in Abivax (ABVX)?

Sofinnova Crossover I SLP’s holdings carry 6,399,478 voting rights, which equals about 7.7% of Abivax’s 82,688,932 voting rights outstanding as of November 30, 2025, giving the group a significant minority voting position.

What is Sofinnova’s stated purpose for holding Abivax (ABVX) shares?

The filing states that all Ordinary Shares held of record by the reporting persons were acquired for investment purposes. They reserve the right to buy additional securities or sell or otherwise dispose of existing holdings in any manner permitted by law.
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