STOCK TITAN

Venture investor’s big move: Latigo Biotherapeutics (ALMS) lands new 14.5% holder

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Latigo Biotherapeutics, Inc. common stock is reported as being beneficially owned by several Foresite Capital funds and related entities, with James B. Tananbaum reporting beneficial ownership of 9,181,328 shares, or 14.5% of the company’s 63,238,030 outstanding shares as of August 7, 2026. Fund VI reports 2,203,800 shares (3.5%), Fund V 3,562,984 shares (5.6%), and Opportunity Fund V 3,414,544 shares (5.4%), with voting and dispositive power attributed through their respective general partners and Tananbaum.

The position arises from multiple venture investments: purchases of Series A-2 and Series B preferred stock in 2022–2025 at prices of $0.89869 and $1.5729 per share, a $3,500,000 convertible promissory note, a 1-for-6.42441 reverse stock split, and automatic conversion of preferred stock and the note into common stock at the closing of Latigo’s initial public offering. In the IPO, Fund VI also bought 140,000 shares at $18.00 per share. The reporting group states that the holdings are for investment purposes but may increase, reduce, or distribute their stake based on market conditions and company performance, and they are currently subject to 180‑day lock‑up and registration-rights arrangements described in the company’s prospectus.

Positive

  • None.

Negative

  • None.

Filing Explained

The filing's current plan state is limited: the reporting persons say they have no present plans or intentions for the corporate actions listed in Item 4, while future buying, selling, or distributions remain possible.

Shares outstanding 63,238,030 shares Latigo Biotherapeutics common stock outstanding as of August 7, 2026
Tananbaum beneficial ownership 9,181,328 shares (14.5%) Common stock beneficially owned through Foresite-affiliated funds
Fund VI holdings 2,203,800 shares (3.5%) Latigo common stock with sole voting and dispositive power
Fund V holdings 3,562,984 shares (5.6%) Latigo common stock with sole voting and dispositive power
Opportunity Fund V holdings 3,414,544 shares (5.4%) Latigo common stock with sole voting and dispositive power
Convertible note principal $3,500,000.00 Convertible promissory note issued to Fund VI in June 2026
IPO purchase price $18.00 per share Price paid by Fund VI for 140,000 IPO shares
Series A-2 purchase price $0.89869 per share Price for 2022 and 2023 Series A-2 preferred purchases
beneficial ownership financial
"This Statement on relates to the beneficial ownership of Common Stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
convertible promissory note financial
"the Issuer issued a convertible promissory note (the "Convertible Note")"
A convertible promissory note is a loan a company takes now that can later be turned into shares instead of being repaid in cash. Think of it as lending money with the option to accept ownership in the business down the road; that matters to investors because it affects who gets paid first, how much ownership existing shareholders keep, and the company’s future valuation and cash needs. Terms such as conversion price, interest and maturity determine the financial impact.
reverse stock split financial
"the Issuer effected a 1-for-6.42441 reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
demand registration rights regulatory
"grants to Fund VI, Fund V, Opportunity Fund V ... demand registration rights"
piggyback registration rights regulatory
"grants to Fund VI, Fund V, Opportunity Fund V ... piggyback registration rights"
A contractual right that lets existing shareholders join a company’s planned public sale of stock so they can sell their own shares at the same time under the same paperwork. It matters to investors because it gives insiders and early holders an easier, often faster way to convert shares to cash, while also potentially increasing the number of shares offered and affecting the share price — like catching a scheduled bus instead of hiring a private ride to get where you need to go.
Lock-Up Agreements financial
"entered into a letter agreement ... (together, the "Lock-Up Agreements")"
A lock-up agreement is a contract that prevents company insiders—founders, employees, and early investors—from selling their shares for a set period after a public stock offering. It matters to investors because it keeps a large block of shares off the market temporarily; when the lock-up ends, those holders can sell and this increased supply can cause the stock price to fall, similar to a timed release that suddenly opens a valve.

FAQ

How much of Latigo Biotherapeutics (ALMS) does James B. Tananbaum report owning?

James B. Tananbaum reports beneficial ownership of 9,181,328 shares of Latigo Biotherapeutics, or 14.5% of the company’s 63,238,030 outstanding shares as of August 7, 2026, held through Foresite Capital Fund V, Fund VI and Opportunity Fund V.

What are the individual stakes of the Foresite Capital funds in Latigo Biotherapeutics (ALMS)?

Foresite Capital Fund VI holds 2,203,800 shares (3.5%), Fund V holds 3,562,984 shares (5.6%), and Opportunity Fund V holds 3,414,544 shares (5.4%) of Latigo Biotherapeutics common stock, with sole voting and dispositive power attributed through their respective general partners.

How did Foresite Capital initially invest in Latigo Biotherapeutics (ALMS)?

Foresite Capital funds bought Series A-2 preferred shares in 2022 and 2023 at $0.89869 per share and Series B preferred shares in 2025 at $1.5729 per share, for combined aggregate consideration of over $57 million, before later conversion into common stock at the IPO.

What was the role of the reverse stock split in Foresite’s Latigo (ALMS) holdings?

On July 28, 2026, Latigo effected a 1-for-6.42441 reverse stock split, adjusting all outstanding common and convertible preferred shares. After this, Foresite funds held specified reduced counts of Series A-2 and B preferred shares, which then converted one‑for‑one into common stock at the IPO.

Did Foresite Capital participate in the Latigo Biotherapeutics (ALMS) IPO itself?

Yes. In the initial public offering, Foresite Capital Fund VI purchased 140,000 shares of Latigo common stock from the underwriters at $18.00 per share, for an aggregate purchase price of $2,520,000, in addition to shares received from preferred and note conversions.

What lock-up and registration rights apply to Foresite’s Latigo (ALMS) stake?

Fund VI, Fund V, Opportunity Fund V and James B. Tananbaum agreed to 180-day lock-up restrictions after the prospectus date, limiting sales and hedging. They also hold demand, piggyback and Form S-3 registration rights under a January 28, 2025 investors’ rights agreement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates





517954103

(CUSIP Number)
Amelia Stoj
9200 Sunset Boulevard, Suite PH1
West Hollywood, CA, 90069
(203) 687-6536

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/10/2026

(Date of Event Which Requires Filing of This Statement)


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).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 7: 2,203,800 shares, except that Foresite Capital Management VI, LLC ("FCM VI"), the general partner of Foresite Capital Fund VI LP ("Fund VI"), may be deemed to have sole power to vote these shares, and James B. Tananbaum ("Tananbaum"), the managing member of FCM VI, may be deemed to have sole power to vote these shares. Note to Row 8: See response to row 7. Note to Row 9: 2,203,800 shares, except that FCM VI, the general partner of Fund VI, may be deemed to have sole power to dispose of these shares, and Tananbaum, the managing member of FCM VI, may be deemed to have sole power to dispose of these shares. Note to Row 10: See response to row 9. Note to Row 13: This percentage is calculated based upon 63,238,030 shares of common stock of Latigo Biotherapeutics, Inc. (the "Issuer") outstanding as of August 7, 2026, as set forth in the Issuer's Prospectus filed pursuant to Rule 424(b)(4) with the Securities and Exchange Commission ("SEC") on August 7, 2026 (the "Prospectus").


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 7: 2,203,800 shares, all of which are directly owned by Fund VI. FCM VI, the general partner of Fund VI, may be deemed to have sole power to vote these shares, and Tananbaum, the managing member of FCM VI, may be deemed to have sole power to vote these shares. Note to Row 8: See response to row 7. Note to Row 9: 2,203,800 shares, all of which are directly owned by Fund VI. FCM VI, the general partner of Fund VI, may be deemed to have sole power to dispose of these shares, and Tananbaum, the managing member of FCM VI, may be deemed to have sole power to dispose of these shares. Note to Row 10: See response to row 9. Note to Row 13: This percentage is calculated based upon 63,238,030 shares of common stock of the Issuer outstanding as of August 7, 2026, as set forth in the Prospectus.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 7: 3,562,984 shares, except that Foresite Capital Management V, LLC ("FCM V"), the general partner of Foresite Capital Fund V, L.P. ("Fund V"), may be deemed to have sole power to vote these shares, and Tananbaum, the managing member of FCM V, may be deemed to have sole power to vote these shares. Note to Row 8: See response to row 7. Note to Row 9: 3,562,984 shares, except that FCM V, the general partner of Fund V, may be deemed to have sole power to dispose of these shares, and Tananbaum, the managing member of FCM V, may be deemed to have sole power to dispose of these shares. Note to Row 10: See response to row 9. Note to Row 13: This percentage is calculated based upon 63,238,030 shares of common stock of the Issuer outstanding as of August 7, 2026, as set forth in the Prospectus.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 7: 3,562,984 shares, all of which are directly owned by Fund V. FCM V, the general partner of Fund V, may be deemed to have sole power to vote these shares, and Tananbaum, the managing member of FCM V, may be deemed to have sole power to vote these shares. Note to Row 8: See response to row 7. Note to Row 9: 3,562,984 shares, all of which are directly owned by Fund V. FCM V, the general partner of Fund V, may be deemed to have sole power to dispose of these shares, and Tananbaum, the managing member of FCM V, may be deemed to have sole power to dispose of these shares. Note to Row 10: See response to row 9. Note to Row 13: This percentage is calculated based upon 63,238,030 shares of common stock of the Issuer outstanding as of August 7, 2026, as set forth in the Prospectus.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 7: 3,414,544 shares, except that Foresite Capital Opportunity Management V, LLC ("FCOM V"), the general partner of Foresite Capital Opportunity Fund V, L.P. ("Opportunity Fund V"), may be deemed to have sole power to vote these shares, and Tananbaum, the managing member of FCOM V, may be deemed to have sole power to vote these shares. Note to Row 8: See response to row 7. Note to Row 9: 3,414,544 shares, except that FCOM V, the general partner of Opportunity Fund V, may be deemed to have sole power to dispose of these shares, and Tananbaum, the managing member of FCOM V, may be deemed to have sole power to dispose of these shares. Note to Row 10: See response to row 9. Note to Row 13: This percentage is calculated based upon 63,238,030 shares of common stock of the Issuer outstanding as of August 7, 2026, as set forth in the Prospectus.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 7: 3,414,544 shares, all of which are directly owned by Opportunity Fund V. FCOM V, the general partner of Opportunity Fund V, may be deemed to have sole power to vote these shares, and Tananbaum, the managing member of FCOM V, may be deemed to have sole power to vote these shares. Note to Row 8: See response to row 7. Note to Row 9: 3,414,544 shares, all of which are directly owned by Opportunity Fund V. FCOM V, the general partner of Opportunity Fund V, may be deemed to have sole power to dispose of these shares, and Tananbaum, the managing member of FCOM V, may be deemed to have sole power to dispose of these shares. Note to Row 10: See response to row 9. Note to Row 13: This percentage is calculated based upon 63,238,030 shares of common stock of the Issuer outstanding as of August 7, 2026, as set forth in the Prospectus.


SCHEDULE 13D




Comment for Type of Reporting Person:
Note to Row 7: 9,181,328 shares, of which 2,203,800 shares are directly owned by Fund VI, 3,562,984 shares are directly owned by Fund V and 3,414,544 shares are directly owned by Opportunity Fund V. Tananbaum is the managing member of each of FCM VI, which is the general partner of Fund VI; FCM V, which is the general partner of Fund V; and FCOM V, which is the general partner of Opportunity Fund V. Tananbaum may be deemed to have sole power to vote the shares directly owned by Fund VI, Fund V and Opportunity Fund V. Note to Row 9: 9,181,328 shares, of which 2,203,800 shares are directly owned by Fund VI, 3,562,984 shares are directly owned by Fund V and 3,414,544 shares are directly owned by Opportunity Fund V. Tananbaum is the managing member of each of FCM VI, which is the general partner of Fund VI; FCM V, which is the general partner of Fund V; and FCOM V, which is the general partner of Opportunity Fund V. Tananbaum may be deemed to have sole power to dispose of the shares directly owned by Fund VI, Fund V and Opportunity Fund V. Note to Row 13: This percentage is calculated based upon 63,238,030 shares of common stock of the Issuer outstanding as of August 7, 2026, as set forth in the Prospectus.


SCHEDULE 13D


Foresite Capital Fund VI LP
Signature:/s/ James B. Tananbaum
Name/Title:James Tananbaum, Managing Member of the General Partner
Date:08/17/2026
Foresite Capital Management VI, LLC
Signature:/s/ James B. Tananbaum
Name/Title:James Tananbaum, Managing Member
Date:08/17/2026
Foresite Capital Fund V, L.P.
Signature:/s/ James B. Tananbaum
Name/Title:James Tananbaum, Managing Member of the General Partner
Date:08/17/2026
Foresite Capital Management V, LLC
Signature:/s/ James B. Tananbaum
Name/Title:James Tananbaum, Managing Member
Date:08/17/2026
Foresite Capital Opportunity Fund V, L.P.
Signature:/s/ James B. Tananbaum
Name/Title:James Tananbaum, Managing Member of the General Partner
Date:08/17/2026
Foresite Capital Opportunity Management V, LLC
Signature:/s/ James B. Tananbaum
Name/Title:James Tananbaum, Managing Member
Date:08/17/2026
James B. Tananbaum
Signature:/s/ James B. Tananbaum
Name/Title:James B. Tananbaum
Date:08/17/2026