[SCHEDULE 13G] Assembly Biosciences, Inc SEC Filing
Alexander Schornstein amended a prior Schedule 13D to report his beneficial ownership in Assembly Biosciences, Inc. He beneficially owns 728,113 shares of common stock, representing 4.68% of the outstanding class based on 15,560,009 shares reported in the registraton statement. The total includes 607,089 shares held directly by Mr. Schornstein and 92,024 shares held by Camino Capital GmbH, of which he is the sole beneficial owner with sole voting and dispositive power. The filing states Mr. Schornstein no longer owns at least 5% of the company and therefore is no longer required to file further Schedule 13D amendments. The statement affirms these holdings and the classification of the filing under Rule 13d-1.
- Clear disclosure of total beneficial ownership (728,113 shares) and the breakdown between direct and entity-held shares
- Ownership falls below 5% (4.68%), relieving the reporting person of further Schedule 13D amendment obligations as stated
- None.
Insights
TL;DR: Beneficial ownership now 4.68% (728,113 shares); filer amended prior Schedule 13D and drops below the 5% reporting threshold.
The amendment clarifies the ownership split between personal holdings and a controlled entity and quantifies sole voting and dispositive power over all reported shares. Using the registraton-stated share base of 15,560,009, the 4.68% figure is explicit and verifiable from the filing. This change alters the filers reporting status under the Exchange Act but does not, on its face, disclose additional transactions, financing, or strategic arrangements.
TL;DR: Disclosure maintains transparency while signalling the reporting person no longer meets the 5% ownership threshold; filing obligations change.
The filing is procedural and focuses on ownership disclosure and regulatory classification. It identifies Camino Capital GmbH as an entity through which 92,024 shares are held and confirms sole control by Mr. Schornstein over the aggregate 728,113 shares. From a governance perspective, the statement documents a reduced large-holder stake below the 5% benchmark, which changes ongoing amendment requirements but does not by itself indicate governance action or control intent.