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ILJIN group pushes Aurinia (NASDAQ: AUPH) stake under 5% after share sales

(Moderate)
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Aurinia Pharmaceuticals Inc. (AUPH) is the subject of this Amendment No. 17 to a Schedule 13D filed by ILJIN SNT Co., Ltd., ILJIN Steel Co., Ltd., ILJIN GLS Co., Ltd. and related individuals. The filing reports that, following sales of Common Shares on August 20, 2026, the reporting group’s aggregate beneficial ownership of Aurinia’s Common Shares has fallen below 5% of the outstanding class, based on 133,051,168 shares outstanding as of August 5, 2026. As a result, the reporting persons state they will no longer be required to file beneficial ownership reports under Section 13(d) with respect to Aurinia’s Common Shares.

Positive

  • None.

Negative

  • None.

Filing Explained

The disclosure shifts the group from ongoing Section 13(d) reporting to below-threshold ownership after documented holder sales.

Following sales on August 20, 2026, the filing reports the group’s remaining disclosed positions as 4,987,629 shares for ILJIN SNT, 923,608 shares for ILJIN Steel, and 5,911,237 shares for Chin Kyu Huh, and states that the group is below 5% and no longer required to file Section 13(d) reports.

ILJIN SNT’s and ILJIN Steel’s positions are reported with shared voting and dispositive power; Chin Kyu Huh’s position is also shared, while Sae Kyoung Huh’s 465,769 shares and Seoung Eun Huh’s 167,062 shares are reported with sole voting and dispositive power.

Since June 25, the filing reports sales totaling 423,904 shares by ILJIN SNT, 200,000 shares by ILJIN Steel, and 16,391 shares by Seoung Eun Huh; it also reports no purchases since Amendment No. 16 on August 13, 2025.

Shares outstanding 133,051,168 Common Shares Aurinia Common Shares outstanding as of August 5, 2026
ILJIN SNT beneficial ownership 4,987,629 Common Shares (3.7%) Beneficially owned by ILJIN SNT Co., Ltd.
ILJIN Steel beneficial ownership 923,608 Common Shares (0.7%) Beneficially owned by ILJIN Steel Co., Ltd.
ILJIN GLS beneficial ownership 4,987,629 Common Shares (3.7%) Beneficially owned by ILJIN GLS Co., Ltd., consisting of shares held by ILJIN SNT
Chin Kyu Huh beneficial ownership 5,911,237 Common Shares (4.4%) Common Shares that may be deemed beneficially owned by Chin Kyu Huh
ILJIN SNT total shares sold 423,904 Common Shares Sales between July 16 and August 7, 2026
ILJIN Steel shares sold 200,000 Common Shares at $17.14 per share Sale on August 20, 2026
Seoung Eun Huh shares sold 16,391 Common Shares Sales between June 30 and August 6, 2026 at ~$16.14–$17.27 per share
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 4,987,629.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 0.00 8 | Shared Voting Power 4,987,629.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive power financial
"9 | Sole Dispositive Power 0.00 10 | Shared Dispositive Power 4,987,629.00"
Section 13(d) regulatory
"may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Act"
A Section 13(d) filing is a public disclosure required under U.S. securities law when a person or group acquires more than 5% of a company’s registered equity and may influence control. The filer must report who owns the shares, how they were acquired, and any plans or intentions for the company, so the market and other shareholders can see if a large buyer is attempting a takeover or other strategic move. Think of it like a formal announcement that someone has crossed a threshold and is showing their hand.
Schedule 13D regulatory
"Reference is hereby made to the statement on filed with the Securities and Exchange Commission"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
group regulatory
"may be deemed to constitute a "group" for purposes of Section 13(d)(3) of the Act"

FAQ

What change in ownership of AUPH does this Schedule 13D/A report?

The amendment reports that the ILJIN-related reporting persons’ aggregate beneficial ownership of Aurinia Pharmaceuticals Inc. fell below 5% of outstanding Common Shares as of August 20, 2026, following share sales. This moves them below the Schedule 13D reporting threshold for AUPH.

How many Aurinia (AUPH) shares are beneficially owned by the main ILJIN entities?

ILJIN SNT Co., Ltd. reports beneficial ownership of 4,987,629 Aurinia Common Shares (about 3.7% of the class). ILJIN Steel Co., Ltd. reports 923,608 shares (about 0.7%). ILJIN GLS Co., Ltd. is shown with 4,987,629 shares, representing the shares held by ILJIN SNT.

What is Chin Kyu Huh’s reported beneficial ownership in AUPH?

Chin Kyu Huh is reported to beneficially own 5,911,237 Aurinia Common Shares, representing about 4.4% of the outstanding class. This consists of 4,987,629 shares held by ILJIN SNT and 923,608 shares held by ILJIN Steel.

What AUPH trading activity by the ILJIN entities led to falling below 5% ownership?

Between July 16 and August 7, 2026, ILJIN SNT sold 423,904 Aurinia shares at prices around $15.47–$16.11. On August 20, 2026, ILJIN Steel sold 200,000 shares at $17.14. These sales contributed to the group’s ownership falling below 5%.

How many Aurinia (AUPH) Common Shares are outstanding for the percentage calculations?

The reported ownership percentages are based on 133,051,168 Aurinia Common Shares outstanding as of August 5, 2026, as stated in Aurinia’s Quarterly Report on Form 10-Q filed on August 6, 2026.

Will the reporting persons continue filing Schedule 13D reports for AUPH?

The reporting persons state that, after filing this Amendment No. 17, they will no longer be required to file reports under Section 13(d) of the Exchange Act with respect to Aurinia’s Common Shares, because their aggregate beneficial ownership is now below 5%.

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

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05156V102

(CUSIP Number)
ILJIN SNT Co., Ltd.
(Dohwa-dong), 45 Mapo-daero, Mapo-gu,,
Seoul, M5, 121-716
82-2-707-9742


Tara Fisher
Ropes & Gray LLP, Prudential Tower,, 800 Boylston Street,
Boston, MA, 02199-3600
1-617-951-7000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/20/2026

(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






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
* Formerly known as ILJIN C&S Co., Ltd. ** Represents Common Shares held by ILJIN SNT.


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D




Comment for Type of Reporting Person:
* Consists of (i) 4,987,629 Common Shares held by ILJIN SNT and (ii) 923,608 Common Shares held by ILJIN Steel.


SCHEDULE 13D


ILJIN SNT Co., Ltd.
Signature:/s/ Jong Hyun Yoon
Name/Title:Jong Hyun Yoon/Authorized Signatory
Date:08/26/2026
ILJIN Steel Co., Ltd.
Signature:/s/ Jong Hyun Yoon
Name/Title:Jong Hyun Yoon/Authorized Signatory
Date:08/26/2026
ILJIN GLS Co., Ltd.
Signature:/s/ Jong Hyun Yoon
Name/Title:Jong Hyun Yoon/Authorized Signatory
Date:08/26/2026
Sae Kyoung Huh
Signature:/s/ Sae Kyoung Huh
Name/Title:Sae Kyoung Huh
Date:08/26/2026
Seoung Eun Huh
Signature:/s/ Seoung Eun Huh
Name/Title:Seoung Eun Huh
Date:08/26/2026
Chin Kyu Huh
Signature:/s/ Chin Kyu Huh
Name/Title:Chin Kyu Huh
Date:08/26/2026