Jade Biosciences, Inc. has a significant shareholder group led by Venrock Healthcare funds that, together with related entities and individuals Nimish Shah and Bong Koh, reports beneficial ownership of 5,145,330 shares of common stock (including shares issuable upon exercise of pre-funded warrants) as of June 30, 2026, representing 8.3% of the common stock. The holdings comprise 570,656 shares and pre-funded warrants for up to 358,450 shares held by VHCP III, 57,017 shares and pre-funded warrants for up to 35,825 shares held by VHCP Co-Investment III, and 2,592,691 shares and pre-funded warrants for up to 1,530,691 shares held by VHCP EG. The percentage ownership is calculated using 49,359,875 shares outstanding as of May 1, 2026 plus additional shares issued and shares underlying pre-funded warrants.
Positive
None.
Negative
None.
Key Figures
Beneficial ownership:5,145,330 sharesOwnership percentage:8.3%VHCP III holdings:570,656 shares + 358,450 warrant shares+5 more
8 metrics
Beneficial ownership5,145,330 sharesShares of Jade Biosciences common stock beneficially owned as of June 30, 2026, including pre-funded warrants
Ownership percentage8.3%Percent of Jade Biosciences common stock beneficially owned by the reporting group
VHCP III holdings570,656 shares + 358,450 warrant sharesCommon shares and pre-funded warrants exercisable for up to 358,450 shares held by VHCP III
VHCP Co-Investment III holdings57,017 shares + 35,825 warrant sharesCommon shares and pre-funded warrants exercisable for up to 35,825 shares held by VHCP Co-Investment III
VHCP EG holdings2,592,691 shares + 1,530,691 warrant sharesCommon shares and pre-funded warrants exercisable for up to 1,530,691 shares held by VHCP EG
Shares outstanding baseline49,359,875 sharesJade Biosciences common stock outstanding as of May 1, 2026 used in ownership calculation
Additional shares issued10,000,000 sharesShares of common stock issued on June 5, 2026, included in the ownership percentage calculation
Pre-funded warrant shares counted1,924,966 sharesShares of common stock issuable upon exercise of pre-funded warrants included in ownership base
"sets forth the aggregate number of shares of common stock of the Issuer beneficially owned"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Pre-Funded Warrantsfinancial
"shares of common stock and pre-funded warrants (the "Pre-Funded Warrants") exercisable"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
shared voting powerfinancial
"Shared Voting Power 5,145,330.00"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
shared dispositive powerfinancial
"Shared Dispositive Power 5,145,330.00"
percent of classfinancial
"Percent of class: Row 11 of each Reporting Person's cover page"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
Schedule 13Gregulatory
"The Reporting Persons are members of a group for the purposes of this /A."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
FAQ
What stake in Jade Biosciences (JBIO) do the Venrock Healthcare entities report in this Schedule 13G/A?
The Venrock Healthcare entities and related individuals report beneficial ownership of 5,145,330 shares of Jade Biosciences common stock, including shares issuable upon exercise of pre-funded warrants, representing 8.3% of the company’s common stock as of June 30, 2026.
How is the 8.3% ownership of JBIO calculated in this filing?
The 8.3% figure is based on 49,359,875 shares outstanding as of May 1, 2026, plus 1,062,309 shares issued upon warrant exercises, 10,000,000 shares issued on June 5, 2026, and 1,924,966 shares issuable upon exercise of pre-funded warrants, as described by the reporting group.
Which Venrock Healthcare funds hold Jade Biosciences (JBIO) securities and in what amounts?
Holdings include 570,656 shares and pre-funded warrants for 358,450 shares by VHCP III, 57,017 shares and pre-funded warrants for 35,825 shares by VHCP Co-Investment III, and 2,592,691 shares and pre-funded warrants for 1,530,691 shares by VHCP EG.
Do the Venrock Healthcare reporting persons have shared voting power over JBIO shares?
Yes. Each reporting person lists 0 shares with sole voting power and 5,145,330 shares with shared voting power, and similarly 0 sole dispositive power and 5,145,330 shared dispositive power over Jade Biosciences common stock.
Who are the individuals associated with the Venrock Healthcare holdings in Jade Biosciences (JBIO)?
The individuals named are Nimish Shah and Bong Y. Koh, both U.S. citizens. They are voting members of VHCP Management III, LLC and VHCP Management EG, LLC, which serve as general partners or managers of the Venrock Healthcare funds holding Jade Biosciences securities.
What types of securities in JBIO are included in the Venrock Healthcare ownership report?
The group’s beneficial ownership includes common stock of Jade Biosciences and pre-funded warrants exercisable for an aggregate of 1,924,966 shares of common stock, which are counted toward the reported 5,145,330 beneficially owned shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
JADE BIOSCIENCES, INC.
(Name of Issuer)
Common Stock, $0.0001 par value
(Title of Class of Securities)
008064206
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
008064206
1
Names of Reporting Persons
Venrock Healthcare Capital Partners III, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,145,330.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,145,330.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,145,330.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
008064206
1
Names of Reporting Persons
VHCP Co-Investment Holdings III, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,145,330.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,145,330.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,145,330.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
008064206
1
Names of Reporting Persons
Venrock Healthcare Capital Partners EG, L.P.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,145,330.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,145,330.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,145,330.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.3 %
12
Type of Reporting Person (See Instructions)
PN
SCHEDULE 13G
CUSIP Number(s):
008064206
1
Names of Reporting Persons
VHCP Management III, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,145,330.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,145,330.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,145,330.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
008064206
1
Names of Reporting Persons
VHCP Management EG, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,145,330.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,145,330.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,145,330.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.3 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
008064206
1
Names of Reporting Persons
Nimish Shah
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,145,330.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,145,330.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,145,330.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP Number(s):
008064206
1
Names of Reporting Persons
Bong Y. Koh
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
5,145,330.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
5,145,330.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
5,145,330.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.3 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
JADE BIOSCIENCES, INC.
(b)
Address of issuer's principal executive offices:
930 WINTER STREET, SUITE M-500, WALTHAM, MA, 02451.
Item 2.
(a)
Name of person filing:
The names of the persons filing this report (collectively, the "Reporting Persons") are:
Venrock Healthcare Capital Partners III, L.P. ("VHCP III")
VHCP Co-Investment Holdings III, LLC ("VHCP Co-Investment III")
Venrock Healthcare Capital Partners EG, L.P. ("VHCP EG")
VHCP Management III, LLC ("VHCP Management III")
VHCP Management EG, LLC ("VHCP Management EG")
Nimish Shah ("Shah")
Bong Koh ("Koh")
The Reporting Persons are members of a group for the purposes of this Schedule 13G/A.
(b)
Address or principal business office or, if none, residence:
New York Office:
7 Bryant Park, 23rd Floor
New York, NY 10018
Palo Alto Office:
3340 Hillview Avenue
Palo Alto, CA 94304
(c)
Citizenship:
All of the entities were organized in Delaware. Shah and Koh are both United States citizens.
(d)
Title of class of securities:
Common Stock, $0.0001 par value
(e)
CUSIP No.:
008064206
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
Row 9 of each Reporting Person's cover page to this Schedule 13G/A sets forth the aggregate number of shares of common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
The Reporting Persons' ownership of the Issuer's securities consists of (i) 570,656 shares of common stock and pre-funded warrants (the "Pre-Funded Warrants") exercisable for up to 358,450 shares of common stock held by VHCP III, (ii) 57,017 shares of common stock and Pre-Funded Warrants exercisable for up to 35,825 shares of common stock held by VHCP Co-Investment III, and (iii) 2,592,691 shares of common stock and Pre-Funded Warrants exercisable for up to 1,530,691 shares of common stock held by VHCP EG.
VHCP Management III is the general partner of VHCP III and the manager of VHCP Co-Investment III. VHCP Management EG is the general partner of VHCP EG. Messrs. Shah and Koh are the voting members of VHCP Management III and VHCP Management EG.
(b)
Percent of class:
Row 11 of each Reporting Person's cover page to this Schedule 13G/A sets forth the percentages of the shares of common stock of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference. The percentage set forth in each row 11 is based upon the sum of (i) 49,359,875 shares of the Issuer's common stock outstanding as of May 1, 2026, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the "SEC") on May 7, 2026, (ii) 1,062,309 shares of common stock issued upon the exercise of Warrants by the Reporting Persons after May 1, 2026, (iii) 10,000,000 shares of common stock issued by the Issuer on June 5, 2026, as reported in the Issuer's Project Supplement filed with the SEC on June 4, 2026, and (iv) 1,924,966 shares of common stock issuable upon the exercise of the Pre-Funded Warrants.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Row 5 of each Reporting Person's cover page to this Schedule 13G/A sets forth the sole power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(ii) Shared power to vote or to direct the vote:
Row 6 of each Reporting Person's cover page to this Schedule 13G/A sets forth the shared power to vote or to direct the vote of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(iii) Sole power to dispose or to direct the disposition of:
Row 7 of each Reporting Person's cover page to this Schedule 13G/A sets forth the sole power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
(iv) Shared power to dispose or to direct the disposition of:
Row 8 of each Reporting Person's cover page to this Schedule 13G/A sets forth the shared power to dispose or to direct the disposition of securities of the Issuer beneficially owned by such Reporting Person as of June 30, 2026 and is incorporated by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Venrock Healthcare Capital Partners III, L.P.
Signature:
/s/ Sherman G. Souther
Name/Title:
By VHCP Management III, LLC, its General Partner, By Sherman G. Souther, Authorized Signatory
Date:
08/14/2026
VHCP Co-Investment Holdings III, LLC
Signature:
/s/ Sherman G. Souther
Name/Title:
By VHCP Management III, LLC, its Manager, By Sherman G. Souther, Authorized Signatory
Date:
08/14/2026
Venrock Healthcare Capital Partners EG, L.P.
Signature:
/s/ Sherman G. Souther
Name/Title:
By VHCP Management EG, LLC, its General Partner, By Sherman G. Souther, Authorized Signatory
Date:
08/14/2026
VHCP Management III, LLC
Signature:
/s/ Sherman G. Souther
Name/Title:
By Sherman G. Souther, Authorized Signatory
Date:
08/14/2026
VHCP Management EG, LLC
Signature:
/s/ Sherman G. Souther
Name/Title:
By Sherman G. Souther, Authorized Signatory
Date:
08/14/2026
Nimish Shah
Signature:
/s/ Sherman G. Souther
Name/Title:
By Sherman G. Souther, Attorney-in-fact
Date:
08/14/2026
Bong Y. Koh
Signature:
/s/ Sherman G. Souther
Name/Title:
By Sherman G. Souther, Attorney-in-fact
Date:
08/14/2026
Exhibit Information
Exhibit 24.1 Power of Attorney for Bong Koh (incorporated by reference to Exhibit 24.1 to Schedule 13G filed on May 5, 2025)
Exhibit 24.2 Power of Attorney for Nimish Shah (incorporated by reference to Exhibit 24.2 to Schedule 13G filed on May 5, 2025)
Exhibit 99.1 Joint Filing Agreement (incorporated by reference to Exhibit 99.1 to Schedule 13G filed on May 5, 2025)