[SCHEDULE 13G/A] Exact Sciences Corp SEC Filing
FMR LLC and Abigail P. Johnson report shared beneficial ownership of 18,588,183.06 shares of Exact Sciences Corp common stock, representing 9.8% of the class. FMR LLC is shown with 17,584,537.69 shares of sole voting power and 18,588,183.06 shares of sole dispositive power. The filing states these securities are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. An exhibit is referenced for a related 13d-1(k) agreement.
- Material ownership disclosed: 18,588,183.06 shares representing 9.8% of Exact Sciences common stock
- Clear voting/dispositive breakdown: FMR LLC reports 17,584,537.69 sole voting power and 18,588,183.06 sole dispositive power
- Certification of passive intent: Filing states holdings are in the ordinary course of business and not for changing control
- None.
Insights
TL;DR: A large passive stake of 9.8% disclosed; indicates meaningful economic interest without asserted intent to influence control.
The filing documents a near-10% ownership by FMR LLC and Abigail P. Johnson, with clear sole dispositive authority over 18,588,183.06 shares and substantial sole voting power reported for FMR LLC. Because the filer certified the holdings are in the ordinary course of business and not intended to change control, this reads as a passive institutional position rather than an activist move. Investors should view this as a disclosure of sizable ownership that may affect liquidity and perceived investor base, but not as an active governance campaign.
TL;DR: Material ownership disclosed, but explicit certification limits governance implications.
The Schedule 13G indicates a material stake just under 10% of outstanding common stock. Item 10's certification that the shares are held in the ordinary course and not to influence control is important: it classifies this as a passive disclosure under Rule 13d-1 rather than an active 13D filing. The filing also references an exhibit regarding a 13d-1(k) agreement; examiners and governance teams may review that exhibit to confirm any coordination or voting arrangements. Absent contrary exhibits, this is a significant passive ownership disclosure with limited immediate governance consequences.