Fund linked to Korro Bio (KRRO) reports 1.54M shares on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Korro Bio, Inc. reported an initial insider ownership filing showing that investment entities associated with Lynx1 Capital Management LP and Weston Nichols indirectly hold 1,537,776 shares of common stock. The shares are held by Lynx1 Master Fund LP, and both the investment manager and Mr. Nichols disclaim beneficial ownership except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lynx1 Capital Management LP, Nichols Weston
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common stock, $0.001 par value per share | -- | -- | -- |
Holdings After Transaction:
Common stock, $0.001 par value per share — 1,537,776 shares (Indirect, See footnote)
Footnotes (1)
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Key Figures
Indirectly held common shares: 1,537,776 shares
Reporting status: Ten percent owner
2 metrics
Indirectly held common shares
1,537,776 shares
Common stock, $0.001 par value per share, indirect ownership
Reporting status
Ten percent owner
Both Lynx1 Capital Management LP and Weston Nichols flagged as >10% owners
Key Terms
ten percent owner, indirect, beneficial ownership, pecuniary interest, +1 more
5 terms
ten percent owner regulatory
"is_ten_percent_owner": 1"
indirect financial
""ownership_type": "indirect""
beneficial ownership regulatory
"disclaims beneficial ownership of the securities to which this filing relates"
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
"except to the extent of his or its pecuniary interest therein"
Section 16 regulatory
"for purposes of Section 16 of the Securities and Exchange Act of 1934"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What does Korro Bio (KRRO) disclose in this Form 3 filing?
Korro Bio discloses an initial statement of ownership on Form 3. It shows that an affiliated investment fund indirectly holds 1,537,776 shares of common stock, establishing these entities as significant, over ten percent, shareholders under Section 16 reporting rules.
Who are the reporting persons in the Korro Bio (KRRO) Form 3?
The reporting persons are Lynx1 Capital Management LP and Weston Nichols. Both are identified as more than ten percent owners for reporting purposes, connected through their roles with Lynx1 Master Fund LP, which directly holds the Korro Bio common stock position.
What ownership disclaimer appears in the Korro Bio (KRRO) Form 3 footnote?
The footnote states that Lynx1 Capital Management LP and Weston Nichols disclaim beneficial ownership of the securities for Section 16 purposes, except to the extent of any pecuniary interest they may have. This clarifies they report indirectly but do not claim full economic ownership.