[SCHEDULE 13G/A] Assembly Biosciences, Inc SEC Filing
Assembly Biosciences, Inc. Schedule 13G/A filed by Alexander Schornstein reports he beneficially owns 543,523 shares of common stock, representing 3.49% of the outstanding class based on 15,560,009 shares. The filing amends prior Schedule 13G to correct clerical errors and to update ownership through the filing date. Ownership comprises 451,219 shares held directly and 92,024 shares held by Camino Capital GmbH, of which Mr. Schornstein is sole beneficial owner. The filer states he no longer owns at least 5% of the company and is therefore not required to file further amendments under Rule 13d-2(d).
- Amendment corrects clerical errors from prior Schedule 13G filings, improving disclosure accuracy.
- Updated ownership disclosed: 543,523 shares beneficially owned, representing 3.49% of outstanding common stock.
- None.
Insights
TL;DR: Amendment clarifies ownership and confirms sub-5% stake, reducing regulatory reporting obligations.
This Schedule 13G/A clarifies prior clerical errors and updates holdings to 543,523 shares or 3.49% of ASMB. For investors and analysts, the key takeaway is that the reporting person no longer meets the 5% beneficial ownership threshold, which removes ongoing amendment obligations and signals reduced potential for an activist or control bid from this holder. The disclosure is routine and informational rather than a material corporate development.
TL;DR: Corrective amendment improves disclosure accuracy; no change to control dynamics given sub-5% ownership.
The amendment rectifies clerical issues in the prior filing and documents that Mr. Schornstein holds voting and dispositive power over 543,523 shares, including shares owned through Camino Capital GmbH. From a governance standpoint, the filing is notable for transparency but not substantive change: the holder lacks the size to influence board control and has explicitly certified no intent to influence control. Compliance with Schedule 13G reporting standards appears restored.