Generate Biomedicines (NASDAQ: GENB) holder reports 1.56M-share stake
Rhea-AI Filing Summary
Pioneering Medicines 02, LLC, a major holder of Generate Biomedicines, Inc., reported indirect ownership of 1,562,500 shares of Common Stock. The filing is an initial ownership report, not a new trade, and notes a control chain through various Flagship Pioneering entities with beneficial ownership disclaimed beyond any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pioneering Medicines 02, LLC
Role
10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,562,500 shares (Indirect, By Pioneering Medicines 02, LLC)
Footnotes (1)
- F1. Securities held by Pioneering Medicines 02, LLC ("PM02"). Charles R. Carelli, Jr., Chief Financial Officer of Flagship Pioneering, LLC ("Flagship Pioneering"), is the sole manager of PM02, and Flagship Pioneering Fund VII, L.P. ("Flagship Fund VII") is its majority equity holder. Flagship Pioneering Fund VII General Partner LLC ("Flagship Fund VII GP") is the general partner of Flagship Fund VII. Flagship Pioneering is the manager of Flagship Fund VII GP. Noubar B. Afeyan, Ph.D. is the ultimate control person of Flagship Pioneering. The Reporting Person disclaims beneficial ownership of such shares except to the extent of its pecuniary interest therein, if any.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the GENB Form 3 filed by Pioneering Medicines 02, LLC show?
The Form 3 discloses initial ownership of GENB stock. Pioneering Medicines 02, LLC reports indirect beneficial ownership of 1,562,500 shares of Generate Biomedicines common stock, establishing its status as a significant, over-ten-percent holder without reporting any new purchase or sale.
Is the GENB Form 3 a report of a new insider trade?
No, the GENB Form 3 is not a trade report. It records existing indirect ownership of 1,562,500 common shares by Pioneering Medicines 02, LLC, serving as an initial statement of beneficial ownership rather than documenting a new buy or sell transaction.