STOCK TITAN

KKR cuts BridgeBio Pharma (NASDAQ: BBIO) stake below 5%

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

Rhea-AI Filing Summary

BridgeBio Pharma, Inc. common stock is the subject of this amended beneficial ownership report by KKR-affiliated entities. KKR Genetic Disorder L.P., as selling stockholder, entered into an underwriting agreement on August 13, 2026 with William Blair & Company, Goldman Sachs & Co. and KKR Capital Markets, covering an offering of 5,000,000 shares of common stock. The underwriters purchased these shares at a net price of $77.415 per share to KKR Genetic Disorder L.P., and the offering closed on August 17, 2026 under the issuer’s effective shelf registration.

After this transaction, KKR Genetic Disorder L.P. directly holds 8,260,971 shares of common stock, and the reporting group’s aggregate reported interest is 9,232,739 shares, including 971,768 shares issuable upon conversion or redemption of 133,900 shares of Series A Cumulative Convertible Participating Preferred Stock held by an alternative vehicle. This represents approximately 4.7% of BridgeBio’s common stock, based on 195,492,997 shares outstanding as of August 11, 2026, so the KKR reporting persons state they have ceased to be beneficial owners of more than five percent and characterize this amendment as an exit filing.

Positive

  • None.

Negative

  • None.

Filing Explained

KKR’s August 17, 2026 sale reduced its reported stake below 5 percent, making this an exit filing while a 30-day lock-up limits further disposal.

The completed August 17, 2026 offering left KKR Genetic Disorder L.P. and its reporting group below the 5% beneficial-ownership threshold, so this filing is an exit filing rather than an ongoing above-threshold report.

The reported position still includes 971,768 shares issuable upon conversion or redemption of preferred stock held by an alternative vehicle; the reporting persons state that they disclaim beneficial ownership of those securities.

Under the related lock-up, KKR agreed, subject to exceptions and possible underwriter consent, not to dispose of or hedge its common stock or convertible securities from August 13, 2026 through 30 days after the final prospectus supplement.

Shares sold in secondary offering 5,000,000 shares Common stock sold by KKR Genetic Disorder L.P. under the August 13, 2026 underwriting agreement
Net price to selling stockholder $77.415 per share Net price per share paid by underwriters to KKR Genetic Disorder L.P. for the 5,000,000 shares
Direct common shares held 8,260,971 shares BridgeBio common stock directly held by KKR Genetic Disorder L.P. as of this amendment
Shares issuable from preferred stock 971,768 shares Common shares issuable upon conversion or redemption of 133,900 Series A preferred shares held by an alternative vehicle
Aggregate reported securities 9,232,739 shares Total BridgeBio common shares (including issuable) reported by the KKR group
Beneficial ownership percentage 4.7 % Portion of BridgeBio common stock represented by the 9,232,739 shares reported
Shares outstanding baseline 195,492,997 shares BridgeBio common shares outstanding as of August 11, 2026, from the issuer’s prospectus supplement
Preferred stock purchase price $1,000 per share Price paid on July 1, 2026 for 133,900 shares of Series A preferred stock by an alternative vehicle
Underwriting Agreement financial
"entered into an underwriting agreement with William Blair & Company, L.L.C., Goldman Sachs"
An underwriting agreement is a contract where a company selling new stocks or bonds hires financial firms to buy those securities and resell them to investors. It matters because the agreement sets the offering price, number of securities, fees and which party bears the risk if sales fall short—think of it as a promise that the sale will happen and a roadmap investors can use to understand how the new securities reach the market.
Lock-Up Agreement financial
"entered into a lock-up agreement with the Underwriters pursuant to which it has agreed"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
Series A Cumulative Convertible Participating Preferred Stock financial
"133,900 shares of the Issuer's Series A Cumulative Convertible Participating Preferred Stock"
A Series A cumulative convertible participating preferred stock is a class of ownership that sits above common shares in payment order, pays missed dividends before common holders (cumulative), can be switched into common stock (convertible), and can share in remaining proceeds alongside common shareholders after its preference is paid (participating). For investors, it reduces downside risk by giving priority on dividends and liquidation while still allowing upside through conversion and extra participation, but it can dilute common equity and affect returns.
Alternative Vehicle financial
"held by an investment vehicle (an "Alternative Vehicle") managed by an investment firm"
exit filing regulatory
"As a result, this Amendment No. 7 serves as an exit filing by the Reporting Persons"

FAQ

What change in ownership of BBIO did KKR report in this Schedule 13D/A Amendment No. 7?

The KKR reporting group now reports 9,232,739 shares of BridgeBio Pharma common stock, including shares issuable from preferred stock, representing about 4.7% of the class. They state they have ceased to be beneficial owners of more than five percent.

How many BBIO shares did KKR Genetic Disorder L.P. sell in the August 2026 offering?

KKR Genetic Disorder L.P. sold 5,000,000 shares of BridgeBio Pharma common stock. The sale was made through an underwritten offering pursuant to BridgeBio’s effective shelf registration statement on Form S-3ASR and closed on August 17, 2026.

What price did KKR receive for the BBIO shares sold in the August 2026 offering?

The underwriters purchased the 5,000,000 shares from KKR Genetic Disorder L.P. at a net price of $77.415 per share. This is the net price to the selling stockholder under the underwriting agreement, not necessarily the public offering price.

What is KKR’s remaining direct BBIO common stock position after the offering?

After the offering, KKR Genetic Disorder L.P. directly holds 8,260,971 shares of BridgeBio Pharma common stock. Additional 971,768 shares are issuable upon conversion or redemption of 133,900 shares of preferred stock held by an alternative vehicle.

How was the 4.7% beneficial ownership figure for BBIO calculated in this filing?

The reported 4.7% beneficial ownership is based on 195,492,997 shares of BridgeBio common stock outstanding as of August 11, 2026, plus 971,768 shares issuable upon conversion or redemption of 133,900 shares of Series A preferred stock held by an alternative vehicle.

What lock-up restrictions apply to KKR’s remaining BBIO shares after the August 2026 offering?

KKR Genetic Disorder L.P. agreed in a Lock-Up Agreement not to dispose of or hedge its BridgeBio common stock or related securities for 30 days after the date of the final prospectus supplement, except with prior written consent of the underwriters’ representatives.

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

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Learn about SEC filing dates





10806X102

(CUSIP Number)
Christopher Lee, Esq.
Kohlberg Kravis Roberts & Co. L.P., 30 Hudson Yards
New York, NY, 10001
212-750-8300

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
08/13/2026

(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).




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SCHEDULE 13D


KKR Genetic Disorder L.P.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary, KKR Genetic Disorder GP LLC, its general partner
Date:08/17/2026
KKR Genetic Disorder GP LLC
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary
Date:08/17/2026
KKR Group Partnership L.P.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Secretary, KKR Group Holdings Corp., its general partner
Date:08/17/2026
KKR Group Holdings Corp.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Secretary
Date:08/17/2026
KKR Group Co. Inc.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Secretary
Date:08/17/2026
KKR & Co. Inc.
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Secretary
Date:08/17/2026
KKR Management LLP
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Assistant Secretary
Date:08/17/2026
Henry R. Kravis
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Attorney-in-fact
Date:08/17/2026
George R. Roberts
Signature:/s/ Christopher Lee
Name/Title:Christopher Lee, Attorney-in-fact
Date:08/17/2026