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Frazier funds disclose Aura Biosciences (AURA) stake and 9.99% warrant cap

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Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Aura Biosciences, Inc. received an updated ownership report from a group of Frazier Life Sciences-affiliated funds and individuals regarding its common stock. Frazier Life Sciences Public Fund, L.P. directly holds 5,807,260 shares of common stock, representing 5.6% of the class based on 103,436,416 shares outstanding as of June 12, 2026. Other Frazier funds directly hold additional shares, including 128,520 shares by Frazier Life Sciences X, L.P., 358,810 shares by Frazier Life Sciences XI, L.P., and 805,410 shares by Frazier Life Sciences XII, L.P. The filing also notes prefunded warrants held by these funds that are subject to a 9.99% beneficial ownership limitation, preventing exercises that would take any holder and its affiliates above that ownership threshold.

Positive

  • None.

Negative

  • None.
Shares outstanding 103,436,416 shares Common stock outstanding as of June 12, 2026 used for ownership calculations
FLSPF common shares 5,807,260 shares Shares of Aura common stock directly held by Frazier Life Sciences Public Fund, L.P.
FLSPF percent of class 5.6% Ownership percentage of Aura common stock reported for FLSPF
FLS X common shares 128,520 shares Shares of Aura common stock directly held by Frazier Life Sciences X, L.P.
FLS XI common shares 358,810 shares Shares of Aura common stock directly held by Frazier Life Sciences XI, L.P.
FLS XII common shares 805,410 shares Shares of Aura common stock directly held by Frazier Life Sciences XII, L.P.
FLSPF prefunded warrants 1,008,016 shares Underlying Aura common shares subject to prefunded warrants held by FLSPF
Beneficial ownership cap 9.99% Maximum ownership allowed after warrant exercise for each holder and its affiliates
beneficial ownership financial
"The above referenced beneficial ownership and amounts reflected on the cover pages"
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.
prefunded warrants financial
"do not include certain prefunded warrants to acquire shares of Common Stock"
Prefunded warrants are a security that gives the holder the right to convert the warrant into a share after paying a very small remaining amount because almost the full purchase price was paid upfront. They matter to investors because exercising them increases the company’s outstanding shares (dilution) and can provide immediate cash to the issuer while allowing holders to bypass ownership limits or simplify timing, similar to buying a nearly-complete gift card that only needs a tiny top-up to use.
beneficial ownership limitations financial
"the exercise of which is subject to certain beneficial ownership limitations"
Beneficial ownership limitations are rules or contractual caps that restrict how much of a company’s stock an individual or entity can be treated as owning or controlling for legal, regulatory or corporate-governance purposes. They matter to investors because such limits affect voting power, reporting obligations, takeover risk and the ability to increase a stake — like an elevator weight limit or a lane divider that prevents any one car from taking over the whole road.
CUSIP No. regulatory
"Title of class of securities: Common Stock ... (e) | CUSIP No.: 05153U107"
shared voting power financial
"6 | Shared Voting Power 5,807,260.00"
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.

FAQ

What stake does Frazier Life Sciences report in Aura Biosciences (AURA)?

Frazier Life Sciences Public Fund, L.P. reports holding 5,807,260 Aura Biosciences common shares, representing 5.6% of the class. This percentage is calculated against 103,436,416 shares outstanding as of June 12, 2026, per Aura’s definitive proxy statement.

How many Aura Biosciences (AURA) shares are outstanding for this ownership report?

The ownership percentages are based on 103,436,416 Aura Biosciences common shares outstanding as of June 12, 2026. This share count comes from Aura’s definitive proxy statement on Schedule 14A filed on June 29, 2026.

Which Frazier Life Sciences funds hold Aura Biosciences (AURA) shares and in what amounts?

FLSPF holds 5,807,260 shares; FLS X holds 128,520 shares; FLS XI holds 358,810 shares; and FLS XII holds 805,410 shares. Each position’s voting and dispositive powers are held on a shared basis through related general partner entities.

What is the 9.99% beneficial ownership limitation mentioned for Aura Biosciences (AURA)?

Each prefunded warrant prevents exercise if, after exercise, the holder and its affiliates would own more than 9.99% of Aura’s outstanding common stock. This limitation constrains warrant exercises that would push ownership above that threshold.

Do James N. Topper and Patrick J. Heron personally own Aura Biosciences (AURA) shares?

The filing attributes 128,520 Aura shares to Frazier Life Sciences X, L.P., over which James N. Topper and Patrick J. Heron share voting and investment power as members of FHMLS X, L.L.C. The shares are held by the fund, not directly in their individual names.

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

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Learn about SEC filing dates





05153U107

(CUSIP Number)
06/30/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held by the Reporting Person and do not include any warrants held by the Reporting Person. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held directly by Frazier Life Sciences X, L.P. and do not include any warrants held directly by Frazier Life Sciences X, L.P. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G




Comment for Type of Reporting Person: The amounts reported in rows 6, 8 and 9 represent shares held directly by Frazier Life Sciences X, L.P. and do not include any warrants held directly by Frazier Life Sciences X, L.P. See item 4(a) to this Schedule 13G/A. The percentage listed in row 11 is calculated based on 103,436,416 shares of Common Stock outstanding on June 12, 2026, as set forth in the Issuer's Definitive Proxy Statement on Schedule 14A filed with the SEC on June 29, 2026.


SCHEDULE 13G



Frazier Life Sciences Public Fund, L.P.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLSP, L.L.C., GP of FHMLSP, L.P., GP of Frazier Life Sciences Public Fund, L.P.
Date:08/14/2026
FHMLSP, L.P.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLSP, L.L.C., GP of FHMLSP, L.P.
Date:08/14/2026
FHMLSP, L.L.C.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLSP, L.L.C.
Date:08/14/2026
Frazier Life Sciences X, L.P.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS X, L.L.C., GP of FHMLS X, L.P., GP of Frazier Life Sciences X, L.P.
Date:08/14/2026
FHMLS X, L.P.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS X, L.L.C., GP of FHMLS X, L.P.
Date:08/14/2026
FHMLS X, L.L.C.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS X, L.L.C.
Date:08/14/2026
Frazier Life Sciences XI, L.P.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS XI, L.L.C., GP of FHMLS XI, L.P., GP of Frazier Life Sciences XI, L.P.
Date:08/14/2026
FHMLS XI, L.P.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS XI, L.L.C., GP of FHMLS XI, L.P.
Date:08/14/2026
FHMLS XI, L.L.C.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS XI, L.L.C.
Date:08/14/2026
Frazier Life Sciences XII, L.P.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS XII, L.L.C., GP of FHMLS XII, L.P., GP of Frazier Life Sciences XII, L.P.
Date:08/14/2026
FHMLS XII, L.P.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS XII, L.L.C., GP of FHMLS XII, L.P.
Date:08/14/2026
FHMLS XII, L.L.C.
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, CFO of FHMLS XII, L.L.C.
Date:08/14/2026
James N. Topper
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, Attorney-in-Fact for James N. Topper, pursuant to a Power of Attorney, a copy of which was filed with the SEC on January 27, 2026
Date:08/14/2026
Patrick J. Heron
Signature:/s/ Jennifer Martin
Name/Title:By Jennifer Martin, Attorney-in-Fact for Patrick Heron, pursuant to a Power of Attorney, a copy of which was filed with the SEC on January 27, 2026
Date:08/14/2026
Exhibit Information

Exhibit 99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to Schedule 13G/A filed on February 13, 2026)