[Form 3] Fractyl Health, Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Ian Sheffield filed an Initial Form 3 reporting his relationship to Fractyl Health, Inc. (GUTS) as a Director. The event date requiring the filing is 09/02/2025. The filing states that no securities are beneficially owned by the reporting person. The form is signed by Lisa A. Davidson, Attorney-in-fact on 09/04/2025 and includes an exhibit for a Power of Attorney.

Positive

• Initial Form 3 filed, establishing required insider reporting for Ian Sheffield
• Power of Attorney exhibited and filing signed by attorney-in-fact, indicating formal execution

Negative

• No securities beneficially owned reported, indicating the director holds 0 shares in the issuer as of the filing date

Insights

Corporate Governance Expert

TL;DR: Director filed an initial Form 3 and reports 0 shares.

The filing documents an initial insider reporting event for Ian Sheffield as a Director of Fractyl Health, Inc. (GUTS) with the event date 09/02/2025. It explicitly states that the reporting person beneficially owns no securities.

This is procedurally important because Form 3 establishes the insider’s reporting obligation under Section 16; the Power of Attorney exhibit and the attorney-in-fact signature indicate the filing was executed on the insider’s behalf on 09/04/2025.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Sheffield Ian

(Last) (First) (Middle)

3 VAN DE GRAAFF DRIVE

SUITE 200

(Street)

BURLINGTON MA 01803

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/02/2025

3. Issuer Name and Ticker or Trading Symbol
FRACTYL HEALTH, INC. [ GUTS ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney.

No securities are beneficially owned.

	/s/ Lisa A. Davidson, Attorney-in-fact	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did the Form 3 filed for GUTS report?

The Form 3 filed for Fractyl Health, Inc. (GUTS) reports that Ian Sheffield is a Director and beneficially owns no securities.

When is the event date that triggered the Form 3 for GUTS?

The event date requiring the Form 3 is 09/02/2025.

Who signed the Form 3 for Ian Sheffield?

The form was signed by Lisa A. Davidson, Attorney-in-fact on 09/04/2025.

Does the filing include any exhibits?

Yes, the filing includes Exhibit 24, a Power of Attorney.

Does the Form 3 show any derivative or non-derivative holdings?

No. The filing explicitly states no securities are beneficially owned and lists no derivative or non-derivative holdings.