Fractyl Health (NASDAQ: GUTS) director adds 23,000 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
FRACTYL HEALTH, INC. director Ajay Royan made an open-market purchase of 23,000 shares of common stock on June 12, 2026 at a price of $0.852 per share. Following this trade, he directly holds 40,901 common shares.
Separately, the filing reports indirect holdings attributed to investment entities: 1,251,900 shares held by Mithril LP and 5,160,301 shares held by Mithril II LP. Royan may be deemed to have beneficial ownership through these entities but disclaims beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 23,000 shares ($19,596)
Net Buy
3 txns
Insider
Royan Ajay
Role
Director
Bought
23,000 shs ($20K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 23,000 | $0.852 | $20K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,901 shares (Direct);
Common Stock — 5,160,301 shares (Indirect, See Footnote)
Footnotes (1)
- Open market purchase. Represents securities held by Mithril LP ("LP"). Mithril GP LP ("GP LP") is the general partner of LP and may be deemed to have shared voting and dispositive power with respect to the securities held by LP. The Reporting Person is the authorized person of GP LP and a member of the investment committee of GP LP, and in such capacity may be deemed to have beneficial ownership of the securities held by LP. The Reporting Person disclaims such beneficial ownership except to the extent of his pecuniary interest therein, if any. Represents securities held by Mithril II LP ("II LP"). Mithril II UGP LLC ("UGP II") is the general partner of Mithril II GP LP ("GP II"), which is the general partner of II LP, and each of UGP II and GP II may be deemed to have shared voting and dispositive power with respect to the securities held by II LP. The Reporting Person is the sole managing member of UGP II and a member of the investment committee of GP II, and in such capacity may be deemed to have beneficial ownership of the securities held by II LP. The Reporting Person disclaims such beneficial ownership except to the extent of his pecuniary interest therein, if any.
Key Figures
Open-market purchase size: 23,000 shares
Purchase price: $0.852 per share
Direct holdings after trade: 40,901 shares
+2 more
5 metrics
Open-market purchase size
23,000 shares
Common Stock bought on June 12, 2026
Purchase price
$0.852 per share
Price for 23,000 Common Stock shares
Direct holdings after trade
40,901 shares
Common Stock directly owned following purchase
Mithril LP holdings
1,251,900 shares
Common Stock held by Mithril LP, indirect for reporting person
Mithril II LP holdings
5,160,301 shares
Common Stock held by Mithril II LP, indirect for reporting person
Key Terms
open market purchase, beneficial ownership, pecuniary interest, dispositive power, +1 more
5 terms
open market purchase financial
"Open market purchase."
An open market purchase is when a company buys its own shares on public stock exchanges the same way any investor would, rather than through a private deal. Investors care because these purchases reduce the number of shares available, can boost earnings per share and share price, signal that management thinks the stock is undervalued, and use company cash that might otherwise go to reinvestment or dividends — like a business quietly buying back its own tickets at the box office.
beneficial ownership financial
"may be deemed to have beneficial ownership of the securities held by LP"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims such beneficial ownership except to the extent of his pecuniary interest therein"
dispositive power financial
"may be deemed to have shared voting and dispositive power with respect to the securities"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
indirect ownership financial
"Represents securities held by Mithril LP ("LP")."
FAQ
What insider transaction did GUTS director Ajay Royan report?
Ajay Royan reported buying 23,000 shares of Fractyl Health common stock in an open-market transaction. The purchase occurred on June 12, 2026, and was executed at a price of $0.852 per share according to the Form 4 filing.
What indirect holdings in Fractyl Health (GUTS) are associated with Ajay Royan?
The Form 4 lists 1,251,900 shares held by Mithril LP and 5,160,301 shares held by Mithril II LP. Royan may be deemed to have beneficial ownership through these entities but disclaims such ownership except for any pecuniary interest.
Was the GUTS insider transaction an open-market purchase or another type?
The reported transaction was an open-market purchase of common stock. The Form 4 uses transaction code P, described as a purchase in an open market or private transaction, for the 23,000 shares bought on June 12, 2026.