[SCHEDULE 13D/A] LENZ Therapeutics, Inc. SEC Filing
Rhea-AI Filing Summary
Amendment No. 7 to a Schedule 13D reports ownership and recent sales of LENZ Therapeutics, Inc. common stock by multiple Versant-related entities. The filing lists Versant Venture Capital VI, L.P. (Versant VI) as holding 1,400,220 shares, representing 4.9% of the outstanding shares (based on 28,522,096 shares reported as of July 24, 2025). Versant Vantage II, L.P. holds 842,162 shares (3.0%). Versant Venture Capital VII, L.P. holds 1,033,412 shares (including a warrant for 70,534 shares), representing 3.6% on an adjusted basis.
The Amendment discloses share sales: on August 15, 2025 Versant VI sold 145,051 shares at $39.50 per share (proceeds ~$5,729,514.50) and Versant VII sold 69,949 shares at $39.50 (proceeds ~$2,762,985.50). On August 18, 2025 Versant VI sold 30,628 shares at a weighted average $38.5611 (proceeds ~$1,181,049.37) and Versant VII sold 15,085 shares at the same weighted average (proceeds ~$581,694.19). The Amendment updates cover-page holdings and clarifies related general partner relationships; other items from the original Schedule 13D remain unchanged.
Positive
- Transparent reporting of transactions with exact share counts, prices, and gross proceeds for each sale
- Clear restatement of beneficial ownership percentages and the affiliated general partner relationships
Negative
- Reported reductions in holdings by Versant VI and Versant VII due to open-market sales (shares and proceeds disclosed)
Insights
TL;DR: Versant entities disclosed modest, priced share dispositions that reduce their reported stakes while preserving previously disclosed governance relationships.
The filing documents portfolio reductions by Versant VI and Versant VII across two dates in August 2025 with explicit share counts and proceeds. Aggregate holdings by each reporting entity are restated on the cover pages, and the filing reiterates the general partner structure that may create shared voting and dispositive power. This disclosure is procedural and specific: it updates beneficial ownership figures and reports open-market sales by the reporting persons. No new agreements, director nominations, or other strategic changes are disclosed in this Amendment.
TL;DR: Amendment clarifies ownership percentages and affiliated GP relationships after known share sales; no governance actions or arrangements are reported.
The document restates that Versant-related GPs may be deemed to share voting and investment power over the disclosed shares and provides the numeric basis for percentage calculations. The sales disclosed include exact share counts, prices, and gross proceeds, demonstrating compliance with Schedule 13D reporting obligations following transactions affecting beneficial ownership. The Amendment explicitly states other items in the Original Schedule 13D are unchanged, indicating no additional governance or control assertions in this filing.