Form 3: Rubric Capital reports 3.16M indirect shares of COLL
Rhea-AI Filing Summary
Collegium Pharmaceutical, Inc. (COLL) Form 3 disclosure: Rubric Capital Management LP and David E. Rosen filed an initial Section 16 ownership report disclosing indirect beneficial ownership of 3,157,743 shares of Collegium common stock. Rubric Capital is the investment adviser to the funds/accounts holding the shares (the "Rubric Vehicles"). Mr. Rosen is the Managing Member of the general partner of Rubric Capital. The filing includes an express disclaimer that the reporting persons do not admit beneficial ownership except to the extent of any pecuniary interest.
Positive
- Initial disclosure of a sizable indirect stake: Reporting of 3,157,743 shares provides transparency to investors
- Clear identification of relationships: Rubric Capital's adviser role and Mr. Rosen's managing member role are specified
- Filed and signed: Form includes signatures from Rubric Capital's COO and Mr. Rosen, indicating procedural completeness
Negative
- No percentage of outstanding shares disclosed: The filing does not state what portion of total shares outstanding the 3,157,743 represents
- No details on voting power or direct holdings: Ownership is reported as indirect with a disclaimer, so actual control or pecuniary interest is not quantified
Insights
TL;DR: Initial Section 16 filing shows a significant indirect stake via advisory vehicles and a director-level relationship, disclosed with a standard disclaimer.
The Form 3 reports that Rubric Capital Management LP, as investment adviser to certain funds/accounts, and David E. Rosen, as managing member of the general partner, indirectly hold 3,157,743 shares of Collegium common stock. The filing is procedural and complies with Section 16 reporting requirements; it does not quantify voting power or percentage ownership of outstanding shares, and includes the customary disclaimer limiting affirmative beneficial ownership claims.
TL;DR: The disclosure clarifies relationships among adviser, funds, and individual, aiding transparency around director-affiliated holdings.
The document identifies the reporting parties and their roles: Rubric Capital as adviser to the Rubric Vehicles and Mr. Rosen as managing member of the general partner. The filing is an initial statement under Section 16 and contains signatures by an officer of Rubric Capital and by Mr. Rosen. No amendments, derivative holdings, exercise prices, or further transactional details are provided in this Form 3.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock, par value $0.001 per share | -- | -- | -- |
Footnotes (1)
- F1. This Form 3 is filed by Rubric Capital Management LP ("Rubric Capital") and Mr. David Rosen, with respect to the securities held by certain funds and/or accounts (collectively, the "Rubric Vehicles"). Rubric Capital serves as the investment adviser to the Rubric Vehicles. Mr. David Rosen serves as the Managing Member of Rubric Capital Management GP, LLC, the general partner of Rubric Capital. The filing of this statement shall not be deemed an admission that any Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein, if any.
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