Veradermics, Inc ownership disclosure: Viking Global Investors and affiliated entities report shared beneficial ownership of 1,690,555 shares of Common Stock. The filing states these holdings represent 4.5% of the class based on 37,340,290 shares outstanding as of March 31, 2026.
The schedule details the allocation across affiliated vehicles: VGOP and related GP entities beneficially own 1,014,331 shares (2.7%), while VGOD and related GP entities beneficially own 676,224 shares (1.8%). The amendment also removes David C. Ott as a reporting person effective March 31, 2026.
Positive
None.
Negative
None.
Insights
Viking Global reports a 4.5% passive stake via affiliated vehicles.
The filing shows 1,690,555 shares beneficially owned by Viking Global Investors and related entities, representing 4.5% of the outstanding common stock as of March 31, 2026. Ownership is held through multiple pooled investment vehicles and GP entities.
Control attributes are shared: the record lists shared voting and shared dispositive power for the aggregated position. The filing also notes the removal of a prior reporting person, effective March 31, 2026.
Schedule 13G/A clarifies beneficial ownership and reporting changes.
The disclosure cites Rule 13d-3 determinations to attribute holdings held directly by VGOP (1,014,331 shares) and VGOD (676,224 shares) to several reporting entities. Percentages are calculated from 37,340,290 shares outstanding as of March 31, 2026.
Signatures and an authorization letter are referenced for representative signing authority. Future filings will reflect any material changes in holdings or reporting persons.
Key Figures
Aggregate beneficial ownership:1,690,555 sharesVGOP direct holdings:1,014,331 sharesVGOD direct holdings:676,224 shares+4 more
7 metrics
Aggregate beneficial ownership1,690,555 sharesReported for Viking Global Investors and affiliates
VGOP direct holdings1,014,331 sharesDirectly owned by VGOP (part of aggregate)
VGOD direct holdings676,224 sharesDirectly owned by VGOD (part of aggregate)
Shares outstanding37,340,290 sharesOutstanding as of March 31, 2026 (used to compute percentages)
Aggregate percent of class4.5%Percent of class for 1,690,555 shares
VGOP percent2.7%Percent of class for 1,014,331 shares
VGOD percent1.8%Percent of class for 676,224 shares
Key Terms
beneficially own, shared dispositive power, Rule 13d-3, reporting person
4 terms
beneficially ownregulatory
"VGI beneficially owns 1,690,555 shares of Common Stock consisting of 1,014,331 shares... "
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
shared dispositive powerregulatory
"Shared Dispositive Power 1,690,555.00"
Rule 13d-3regulatory
"Based on Rule 13d-3 under the Act, VGI may be deemed to beneficially own..."
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.
reporting personregulatory
"Accordingly, Mr. Ott has been removed as a Reporting Person from this"
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Veradermics, Inc
(Name of Issuer)
Common Stock, par value $0.00001 per share
(Title of Class of Securities)
922967104
(CUSIP Number)
03/31/2026
(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):
922967104
1
Names of Reporting Persons
VIKING GLOBAL INVESTORS LP
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
1,690,555.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,690,555.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,690,555.00
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)
4.5 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
Viking Global Opportunities Parent GP 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
1,690,555.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,690,555.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,690,555.00
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)
4.5 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
Viking Global Opportunities GP 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
1,014,331.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,014,331.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,014,331.00
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)
2.7 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
Viking Global Opportunities Portfolio GP 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
1,014,331.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,014,331.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,014,331.00
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)
2.7 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
Viking Global Opportunities Illiquid Investments Sub-Master LP
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,014,331.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,014,331.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,014,331.00
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)
2.7 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
Viking Global Opportunities Drawdown GP 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
676,224.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
676,224.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
676,224.00
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)
1.8 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
Viking Global Opportunities Drawdown Portfolio GP 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
676,224.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
676,224.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
676,224.00
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)
1.8 %
12
Type of Reporting Person (See Instructions)
OO
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
Viking Global Opportunities Drawdown (Aggregator) LP
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
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
676,224.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
676,224.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
676,224.00
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)
1.8 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
HALVORSEN OLE ANDREAS
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
NORWAY
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,690,555.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,690,555.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,690,555.00
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)
4.5 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
CUSIP Number(s):
922967104
1
Names of Reporting Persons
Shabet Rose Sharon
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
1,690,555.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,690,555.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,690,555.00
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)
4.5 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: See Item 4
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Veradermics, Inc
(b)
Address of issuer's principal executive offices:
470 James Street, New Haven, Connecticut, 06513
Item 2.
(a)
Name of person filing:
Viking Global Investors LP ("VGI"),
Viking Global Opportunities Parent GP LLC ("Opportunities Parent"),
Viking Global Opportunities GP LLC ("Opportunities GP"),
Viking Global Opportunities Portfolio GP LLC ("Opportunities Portfolio GP"),
Viking Global Opportunities Illiquid Investments Sub-Master LP ("VGOP"),
Viking Global Opportunities Drawdown GP LLC ("VGOD GP"),
Viking Global Opportunities Drawdown Portfolio GP LLC ("VGOD Portfolio GP"),
Viking Global Opportunities Drawdown (Aggregator) LP ("VGOD"),
O. Andreas Halvorsen and Rose S. Shabet (collectively, the "Reporting Persons")
Effective March 31, 2026, David C. Ott ("Mr. Ott") retired from his roles as Advisory Director of VGI and Executive Committee Member of each of Viking Global Partners LLC (the general partner of VGI) and Opportunities Parent. Accordingly, Mr. Ott has been removed as a Reporting Person from this Schedule 13G, as Mr. Ott is no longer a beneficial owner of any of the shares of Common Stock reported herein.
(b)
Address or principal business office or, if none, residence:
The business address of each of the Reporting Persons is: 600 Washington Boulevard, Floor 11, Stamford, Connecticut 06901.
(c)
Citizenship:
VGI is a Delaware limited partnership; Opportunities Parent, Opportunities GP, Opportunities Portfolio GP, VGOD GP and VGOD Portfolio GP are Delaware limited liability companies; VGOP and VGOD are Cayman Islands exempted limited partnerships; O. Andreas Halvorsen is a citizen of Norway; and Rose S. Shabet is a citizen of the United States.
(d)
Title of class of securities:
Common Stock, par value $0.00001 per share
(e)
CUSIP No.:
922967104
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:
VGI: 1,690,555
VGI provides managerial services to VGOP and VGOD. VGI has the authority to dispose of and vote the shares of Common Stock that VGOP and VGOD directly own. VGI does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Securities Exchange Act of 1934, as amended (the "Act"), VGI may be deemed to beneficially own the shares of Common Stock that VGOP and VGOD directly own.
VGI beneficially owns 1,690,555 shares of Common Stock consisting of 1,014,331 shares of Common Stock directly owned by VGOP and 676,224 shares of Common Stock directly owned by VGOD.
Opportunities Parent: 1,690,555
Opportunities Parent is the sole member of Opportunities GP, which has the authority to dispose of and vote the shares of Common Stock controlled by Opportunities Portfolio GP (which consists of the shares of Common Stock that VGOP directly owns), and is the sole member of VGOD GP, which has the authority to dispose of and vote the shares of Common Stock controlled by VGOD Portfolio GP (which consists of the shares of Common Stock that VGOD directly owns). Opportunities Parent does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, Opportunities Parent may be deemed to beneficially own the shares of Common Stock that VGOP and VGOD directly own.
Opportunities Parent beneficially owns 1,690,555 shares of Common Stock consisting of 1,014,331 shares of Common Stock directly owned by VGOP and 676,224 shares of Common Stock directly owned by VGOD.
Opportunities GP: 1,014,331
Opportunities GP serves as the sole member of Opportunities Portfolio GP and has the authority to dispose of and vote the shares of Common Stock controlled by Opportunities Portfolio GP, which consists of the shares of Common Stock that VGOP directly owns. In addition, Opportunities GP is the general partner of each of Viking Global Opportunities Intermediate LP, Viking Global Opportunities III LP, and Viking Global Opportunities LP. Opportunities GP does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, Opportunities GP may be deemed to beneficially own the shares of Common Stock that VGOP directly owns.
Opportunities GP beneficially owns 1,014,331 shares of Common Stock consisting of 1,014,331 shares of Common Stock directly owned by VGOP.
Opportunities Portfolio GP: 1,014,331
Opportunities Portfolio GP serves as the general partner of VGOP and has the authority to dispose of and vote the shares of Common Stock that VGOP directly owns. Opportunities Portfolio GP does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, Opportunities Portfolio GP may be deemed to beneficially own the shares of Common Stock that VGOP directly owns.
Opportunities Portfolio GP beneficially owns 1,014,331 shares of Common Stock consisting of 1,014,331 shares of Common Stock directly owned by VGOP.
VGOP: 1,014,331
VGOP has the authority to dispose of and vote the 1,014,331 shares of Common Stock that it directly owns, which power may be exercised by its general partner, Opportunities Portfolio GP, and by VGI, an affiliate of Opportunities Portfolio GP, which provides managerial services to VGOP.
Viking Global Opportunities LP (a Delaware limited partnership) and Viking Global Opportunities III LP (a Cayman Islands exempted limited partnership), through its investment in Viking Global Opportunities Intermediate LP (a Cayman Islands exempted limited partnership), invest substantially all of their assets in Viking Global Opportunities Master LP (a Cayman Islands exempted limited partnership), which in turn invests through VGOP.
VGOD GP: 676,224
VGOD GP serves as the sole member of VGOD Portfolio GP and has the authority to dispose of and vote the shares of Common Stock controlled by VGOD Portfolio GP, which consists of the shares of Common Stock that VGOD directly owns. In addition, VGOD GP is the general partner of each of Viking Global Opportunities Drawdown (Onshore) LP and Viking Global Opportunities Drawdown (Offshore) LP. VGOD GP does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, VGOD GP may be deemed to beneficially own the shares of Common Stock that VGOD directly owns.
VGOD GP beneficially owns 676,224 shares of Common Stock consisting of 676,224 shares of Common Stock directly owned by VGOD.
VGOD Portfolio GP: 676,224
VGOD Portfolio GP serves as the general partner of VGOD and has the authority to dispose of and vote the shares of Common Stock that VGOD directly owns. VGOD Portfolio GP does not directly own any shares of Common Stock.
Based on Rule 13d-3 under the Act, VGOD Portfolio GP may be deemed to beneficially own the shares of Common Stock that VGOD directly owns.
VGOD Portfolio GP beneficially owns 676,224 shares of Common Stock consisting of 676,224 shares of Common Stock directly owned by VGOD.
VGOD: 676,224
VGOD has the authority to dispose of and vote the 676,224 shares of Common Stock that it directly owns, which power may be exercised by its general partner, VGOD Portfolio GP, and by VGI, an affiliate of VGOD Portfolio GP, which provides managerial services to VGOD.
Viking Global Opportunities Drawdown (Offshore) LP (a Cayman Islands exempted limited partnership) and Viking Global Opportunities Drawdown (Onshore) LP (a Delaware limited partnership) invest substantially all of their assets in VGOD.
O. Andreas Halvorsen and Rose S. Shabet: 1,690,555
Mr. Halvorsen and Ms. Shabet, as Executive Committee Members of Viking Global Partners LLC (general partner of VGI) and Opportunities Parent, have shared authority to dispose of and vote the shares of Common Stock beneficially owned by VGI and Opportunities Parent. Neither Mr. Halvorsen nor Ms. Shabet directly owns any shares of Common Stock.
Based on Rule 13d-3 under the Act, each may be deemed to beneficially own the shares of Common Stock that VGOP and VGOD directly own.
Mr. Halvorsen and Ms. Shabet each beneficially own 1,690,555 shares of Common Stock consisting of 1,014,331 shares of Common Stock directly owned by VGOP and 676,224 shares of Common Stock directly owned by VGOD.
(b)
Percent of class:
The percentages set forth herein are based on 37,340,290 shares of Common Stock outstanding as of March 31, 2026, as reported in the Issuer's quarterly report on Form 10-Q, filed with the Securities and Exchange Commission (the "Commission") on May 12, 2026.
VGI: 4.5%
Opportunities Parent: 4.5%
Opportunities GP: 2.7%
Opportunities Portfolio GP: 2.7%
VGOP: 2.7%
VGOD GP: 1.8%
VGOD Portfolio GP: 1.8%
VGOD: 1.8%
O. Andreas Halvorsen and Rose S. Shabet: 4.5%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
VGI: 0
Opportunities Parent: 0
Opportunities GP: 0
Opportunities Portfolio GP: 0
VGOP: 0
VGOD GP: 0
VGOD Portfolio GP: 0
VGOD: 0
O. Andreas Halvorsen and Rose S. Shabet: 0
(ii) Shared power to vote or to direct the vote:
VGI: 1,690,555
Opportunities Parent: 1,690,555
Opportunities GP: 1,014,331
Opportunities Portfolio GP: 1,014,331
VGOP: 1,014,331
VGOD GP: 676,224
VGOD Portfolio GP: 676,224
VGOD: 676,224
O. Andreas Halvorsen and Rose S. Shabet: 1,690,555
(iii) Sole power to dispose or to direct the disposition of:
VGI: 0
Opportunities Parent: 0
Opportunities GP: 0
Opportunities Portfolio GP: 0
VGOP: 0
VGOD GP: 0
VGOD Portfolio GP: 0
VGOD: 0
O. Andreas Halvorsen and Rose S. Shabet: 0
(iv) Shared power to dispose or to direct the disposition of:
VGI: 1,690,555
Opportunities Parent: 1,690,555
Opportunities GP: 1,014,331
Opportunities Portfolio GP: 1,014,331
VGOP: 1,014,331
VGOD GP: 676,224
VGOD Portfolio GP: 676,224
VGOD: 676,224
O. Andreas Halvorsen and Rose S. Shabet: 1,690,555
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The response to Item 4 is incorporated by reference herein.
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.
VIKING GLOBAL INVESTORS LP
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of VIKING GLOBAL INVESTORS LP (1)(2)
Date:
05/15/2026
Viking Global Opportunities Parent GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Parent GP LLC (1)(2)
Date:
05/15/2026
Viking Global Opportunities GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities GP LLC (1)(2)
Date:
05/15/2026
Viking Global Opportunities Portfolio GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Portfolio GP LLC (1)(2)
Date:
05/15/2026
Viking Global Opportunities Illiquid Investments Sub-Master LP
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Illiquid Investments Sub-Master LP (1)(2)
Date:
05/15/2026
Viking Global Opportunities Drawdown GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Drawdown GP LLC (1)(2)
Date:
05/15/2026
Viking Global Opportunities Drawdown Portfolio GP LLC
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Drawdown Portfolio GP LLC (1)(2)
Date:
05/15/2026
Viking Global Opportunities Drawdown (Aggregator) LP
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Viking Global Opportunities Drawdown (Aggregator) LP (1)(2)
Date:
05/15/2026
HALVORSEN OLE ANDREAS
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of O. Andreas Halvorsen (1)
Date:
05/15/2026
Shabet Rose Sharon
Signature:
/s/ Scott M. Hendler
Name/Title:
Scott M. Hendler on behalf of Rose S. Shabet (2)
Date:
05/15/2026
Comments accompanying signature: (1) Scott M. Hendler is signing on behalf of O. Andreas Halvorsen, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).
(2) Scott M. Hendler is signing on behalf of Rose S. Shabet, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).
What stake does Viking Global report in Veradermics (MANE)?
The filing reports Viking Global Investors and affiliated entities beneficially own 1,690,555 shares, equal to 4.5% of common stock based on 37,340,290 shares outstanding as of March 31, 2026.
How are the 1,690,555 shares allocated among Viking entities?
The schedule attributes 1,014,331 shares to VGOP-related vehicles and 676,224 shares to VGOD-related vehicles, with those totals aggregated to report the 1,690,555-share beneficial position.
What voting and dispositive powers are reported for these holdings?
The filing lists 0 sole voting/dispositive power and records shared voting and shared dispositive power of 1,690,555 shares for the aggregated reporting persons.
Did the filing change the list of reporting persons?
Yes. The amendment states that David C. Ott retired effective March 31, 2026 and has been removed as a reporting person because he no longer beneficially owns any reported shares.
What outstanding share count does the filing use to calculate percentages?
Percentages are based on 37,340,290 shares outstanding as of March 31, 2026, as reported in the issuer's Form 10-Q referenced in the filing.
