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Insider Purchase: Casdin Entities Report Significant LAB Holdings

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Casdin-related entities and Eli Casdin reported a purchase of 100,000 shares of Standard BioTools, Inc. common stock at a weighted-average price of $1.2892 per share on 09/09/2025. The filing shows the shares were acquired in multiple transactions within a narrow price range and that the reporting persons hold large indirect positions: the Master Fund is shown as directly owning securities and several affiliated funds and entities are listed as indirect owners, with a reported total of 60,875,000 shares beneficially owned by the Master Fund reporting group after the transaction. The report also discloses direct ownership by Eli Casdin and by two Casdin private growth funds, and notes deputization of Mr. Casdin to represent the reporting persons on the company board.

Positive

  • Insider purchase disclosed: Acquisition of 100,000 shares at a weighted-average price of $1.2892.
  • Large affiliated stake disclosed: Reporting shows 60,875,000 shares beneficially owned by the Master Fund reporting group after the transaction.
  • Board representation disclosed: Eli Casdin is deputized to represent the reporting persons on the issuer's board, clarifying governance links.

Negative

  • None.

Insights

TL;DR: Insider purchase of 100,000 shares and large affiliated holdings reinforce substantial ownership exposure to LAB.

The reported purchase at a weighted-average price of $1.2892 for 100,000 shares is a clear, documented purchase-level disclosure under Section 16. Combined holdings by the Master Fund and affiliated Casdin entities show a material indirect stake (60,875,000 shares reported for the Master Fund group), indicating concentrated ownership by a sophisticated investor group. This level of disclosed ownership can affect liquidity and control considerations for Standard BioTools; it is a relevant ownership update for investors tracking insider and affiliated-party positions.

TL;DR: Deputization of Eli Casdin to represent reporting persons on the board is disclosed alongside concentrated affiliated ownership.

The filing explicitly states that Eli Casdin has been deputized to represent the reporting persons on the issuer's board, which creates a governance linkage between the issuer and the Casdin reporting group. The Form 4 also contains standard disclaimers about beneficial ownership and details on indirect ownership through advisor and GP structures. These disclosures are important for assessing related-party influence and board representation in governance analyses.

Insider Casdin Partners Master Fund, L.P., Casdin Capital, LLC, Casdin Partners GP, LLC, Casdin Private Growth Equity Fund II, L.P., Casdin Private Growth Equity Fund II GP, LLC, Casdin Private Growth Equity Fund, L.P., CASDIN PRIVATE GROWTH EQUITY FUND GP, LLC, Casdin Eli
Role Director, 10% Owner | Director, 10% Owner | Director, 10% Owner | Director | Director | Director | Director | Director, 10% Owner
Bought 100,000 shs ($129K)
Type Security Shares Price Value
Purchase Common Stock, $0.001 par value per share 100,000 $1.2892 $129K
holding Common Stock, $0.001 par value per share -- -- --
holding Common Stock, $0.001 par value per share -- -- --
holding Common Stock, $0.001 par value per share -- -- --
Holdings After Transaction: Common Stock, $0.001 par value per share — 60,875,000 shares (Indirect, See footnote); Common Stock, $0.001 par value per share — 2,901,062 shares (Direct)
Footnotes (1)
  1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $1.2889 to $1.2895. The Reporting Persons undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in this footnote. The securities are owned directly by Casdin Partners Master Fund, L.P. (the "Master Fund") and may be deemed to be indirectly beneficially owned by (i) Casdin Capital, LLC ("Casdin"), the investment adviser to the Master Fund, (ii) Casdin Partners GP, LLC (the "GP"), the general partner of the Master Fund, and (iii) Eli Casdin, the managing member of Casdin and the GP. The securities are owned directly by Eli Casdin. The securities are owned directly by Casdin Private Growth Equity Fund II, L.P. (the "Equity Fund II") and may be deemed to be indirectly beneficially owned by (i) Casdin, the investment adviser to the Equity Fund II, and (ii) Eli Casdin, the managing member of Casdin. The securities are owned directly by Casdin Private Growth Equity Fund, L.P. (the "Equity Fund") and may be deemed to be indirectly beneficially owned by (i) Casdin, the investment adviser to the Equity Fund, and (ii) Eli Casdin, the managing member of Casdin.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Casdin Partners Master Fund, L.P.
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS
SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
STANDARD BIOTOOLS INC. [ LAB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/09/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $0.001 par value per share 09/09/2025 P 100,000 A $1.2892(1) 60,875,000 I See footnote(2)
Common Stock, $0.001 par value per share 2,901,062 D(3)
Common Stock, $0.001 par value per share 13,939,637 I See footnote(4)
Common Stock, $0.001 par value per share 2,744,219 I See footnote(5)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Casdin Partners Master Fund, L.P.
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS
SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Casdin Capital, LLC
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS
SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Casdin Partners GP, LLC
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS
SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Casdin Private Growth Equity Fund II, L.P.
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS
SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Casdin Private Growth Equity Fund II GP, LLC
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS, SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Casdin Private Growth Equity Fund, L.P.
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS
SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
CASDIN PRIVATE GROWTH EQUITY FUND GP, LLC
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS
SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Casdin Eli
(Last) (First) (Middle)
1350 AVENUE OF THE AMERICAS
SUITE 2600
(Street)
NEW YORK NY 10019
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
X Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The price reported in Column 4 is a weighted average price. These shares were bought in multiple transactions within the range of $1.2889 to $1.2895. The Reporting Persons undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares bought at each separate price within the range set forth in this footnote.
2. The securities are owned directly by Casdin Partners Master Fund, L.P. (the "Master Fund") and may be deemed to be indirectly beneficially owned by (i) Casdin Capital, LLC ("Casdin"), the investment adviser to the Master Fund, (ii) Casdin Partners GP, LLC (the "GP"), the general partner of the Master Fund, and (iii) Eli Casdin, the managing member of Casdin and the GP.
3. The securities are owned directly by Eli Casdin.
4. The securities are owned directly by Casdin Private Growth Equity Fund II, L.P. (the "Equity Fund II") and may be deemed to be indirectly beneficially owned by (i) Casdin, the investment adviser to the Equity Fund II, and (ii) Eli Casdin, the managing member of Casdin.
5. The securities are owned directly by Casdin Private Growth Equity Fund, L.P. (the "Equity Fund") and may be deemed to be indirectly beneficially owned by (i) Casdin, the investment adviser to the Equity Fund, and (ii) Eli Casdin, the managing member of Casdin.
Remarks:
Eli Casdin has been deputized to represent the Reporting Persons on the board of directors of the Issuer. By virtue of Mr. Casdin's representation, for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act"), each of the Reporting Persons may be deemed directors by deputization of the Issuer. Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
Casdin Partners Master Fund, LP, By: Casdin Partners GP, LLC, its General Partner, By: /s/ Eli Casdin, Managing Member 09/11/2025
Casdin Capital LLC, By: /s/ Eli Casdin, Managing Member 09/11/2025
Casdin Partners GP LLC, By: /s/ Eli Casdin, Managing Member 09/11/2025
Casdin Private Growth Equity Fund II, L.P., By: Casdin Private Growth Equity Fund II GP, LLC, its General Partner, By: /s/ Eli Casdin, Managing Member 09/11/2025
Casdin Private Growth Equity Fund GP II, LLC, By: /s/ Eli Casdin, Managing Member 09/11/2025
Casdin Private Growth Equity Fund, L.P., By: Casdin Private Growth Equity Fund GP, LLC, By: /s/ Eli Casdin, Managing Member 09/11/2025
Casdin Private Growth Equity Fund GP, LLC, By: /s/ Eli Casdin, Managing Member 09/11/2025
/s/ Eli Casdin, Eli Casdin 09/11/2025
** 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 4 (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.

Source: View Original Filing on SEC EDGAR

FAQ

What transaction did Casdin report for Standard BioTools (LAB)?

The reporting persons disclosed a purchase of 100,000 shares of LAB common stock at a weighted-average price of $1.2892 on 09/09/2025.

How many LAB shares does the Casdin Master Fund group report owning?

The filing reports the Master Fund group as beneficially owning 60,875,000 shares following the reported transaction.

Does Eli Casdin hold any LAB shares directly?

Yes. The filing indicates that certain securities are owned directly by Eli Casdin, with specific direct holdings listed separately in the report.

What price range did the reported purchase occur within?

The purchase transactions occurred within a price range of $1.2889 to $1.2895, with the reported weighted-average price of $1.2892.

Did the filing disclose indirect ownership through affiliated entities?

Yes. The filing explains that shares are owned directly by certain funds and may be indirectly beneficially owned by Casdin Capital, Casdin Partners GP and Eli Casdin as adviser/manager.