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Frazier Funds Correct Attributions, Report MAZE Holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Frazier Life Sciences funds report material holdings in Maze Therapeutics common stock. Frazier Life Sciences Public Fund, L.P. directly holds 3,352,915 shares, equal to 7.7% of the outstanding class. Other reporting entities include Frazier Life Sciences Public Overage Fund, L.P. with 989,351 shares (2.3%), Frazier Life Sciences X, L.P. with 75,982 shares (0.2%), and Frazier Life Sciences XI, L.P. with 149,026 shares (0.3%). Percentages are calculated using 43,797,166 shares outstanding as reported by the issuer.

The filing clarifies voting and dispositive arrangements: several entities report shared voting and dispositive power over the disclosed shares, and James N. Topper and Patrick J. Heron share voting and investment power over the shares held by Frazier Life Sciences X, L.P. The Statement expressly corrects prior attributions and overstatements of beneficial ownership for certain members and includes a certification that the securities are not held for the purpose of changing or influencing control of the issuer.

Positive

  • Frazier Life Sciences Public Fund, L.P. disclosed 3,352,915 shares representing 7.7% of MAZE common stock
  • The filing corrects prior attributions and clarifies shared voting and dispositive power across the reporting entities, improving transparency

Negative

  • None.

Insights

TL;DR: Frazier funds disclose a passive but material 7.7% stake in MAZE and correct prior ownership attributions.

The filing shows Frazier Life Sciences Public Fund, L.P. holds 3,352,915 shares (reported as 7.7% of the class) and several related funds report additional smaller stakes. The use of Schedule 13G-type disclosure and an explicit certification indicates these holdings are presented as passive in nature. The Statement also corrects earlier attributions, limiting prior overstatements of individual members' beneficial ownership. For investors, the key facts are the disclosed share counts, the clarified allocation of voting and dispositive power across entities, and the passive intent stated by the filers.

TL;DR: Corrections clarify who legally holds voting/dispositive power; no claimed intent to affect issuer control.

The filing documents governance-related details: multiple funds are managed by investment committees that act by majority vote, and the Statement expressly disclaims attributing committee members with beneficial ownership of the funds' holdings. It corrects prior over-attributions and clarifies that certain partners do not individually hold the reported shares. The Statement's certification that the positions were not acquired to influence control reinforces the passive disclosure posture, while the clarified shared voting/dispositive power provides clarity on who may exercise influence over these positions.






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)






SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The shares listed in rows 6, 8 and 9 consist of 75,982 shares of Common Stock held directly by Frazier Life Sciences X, L.P. The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G




Comment for Type of Reporting Person: The shares listed in rows 6, 8 and 9 consist of 75,982 shares of Common Stock held directly by Frazier Life Sciences X, L.P. The percentage listed in row 11 is calculated based on 43,797,166 shares of Common Stock outstanding on May 8, 2025, as set forth in the Issuer's Quarterly Report on Form 10-Q filed with the SEC on May 14, 2025.


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Frazier Life Sciences Public Fund, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP, L.L.C., GP of FHMLSP, L.P., GP of Frazier Life Sciences Public Fund, L.P.
Date:08/14/2025
FHMLSP, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP, L.L.C., GP of FHMLSP, L.P.
Date:08/14/2025
FHMLSP, L.L.C.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP, L.L.C.
Date:08/14/2025
Frazier Life Sciences Public Overage Fund, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP Overage, L.L.C., GP of FHMLSP Overage, L.P., GP of Frazier Life Sciences Public Overage Fund, L.P.
Date:08/14/2025
FHMLSP Overage, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP Overage, L.L.C., GP of FHMLSP Overage, L.P.
Date:08/14/2025
FHMLSP Overage, L.L.C.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLSP Overage, L.L.C.
Date:08/14/2025
Frazier Life Sciences X, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS X, L.L.C., GP of FHMLS X, L.P., GP of Frazier Life Sciences X, L.P.
Date:08/14/2025
FHMLS X, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS X, L.L.C., GP of FHMLS X, L.P.
Date:08/14/2025
FHMLS X, L.L.C.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS X, L.L.C.
Date:08/14/2025
Frazier Life Sciences XI, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS XI, L.L.C., GP of FHMLS XI, L.P., GP of Frazier Life Sciences XI, L.P.
Date:08/14/2025
FHMLS XI, L.P.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS XI, L.L.C., GP of FHMLS XI, L.P.
Date:08/14/2025
FHMLS XI, L.L.C.
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, CFO of FHMLS XI, L.L.C.
Date:08/14/2025
James N. Topper
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for James N. Topper, pursuant to a Power of Attorney, a copy of which was filed with the SEC on July 31, 2017
Date:08/14/2025
Patrick J. Heron
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for Patrick J. Heron, pursuant to a Power of Attorney, a copy of which was filed with the SEC on July 31, 2017
Date:08/14/2025
Albert Cha
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for Albert Cha, pursuant to a Power of Attorney, a copy of which was filed with the SEC on August 16, 2021
Date:08/14/2025
James Brush
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for James Brush, pursuant to a Power of Attorney, a copy of which was filed with the SEC on August 16, 2021
Date:08/14/2025
Daniel Estes
Signature:/s/ Steve R. Bailey
Name/Title:By Steve R. Bailey, Attorney-in-Fact for Daniel Estes, pursuant to a Power of Attorney, a copy of which was filed with the SEC on April 18, 2022
Date:08/14/2025
Exhibit Information

Exhibit 99.1 Joint Filing Agreement, dated as of April 29, 2025, incorporated by reference into this Statement.

FAQ

Who filed the Schedule 13G/A for Maze Therapeutics (MAZE)?

A group of related Frazier Life Sciences entities filed the statement, including Frazier Life Sciences Public Fund, L.P., Frazier Life Sciences Public Overage Fund, L.P., Frazier Life Sciences X, L.P., Frazier Life Sciences XI, L.P., and related general partner and management entities.

How many MAZE shares does Frazier Life Sciences Public Fund, L.P. hold and what percent is that?

3,352,915 shares, representing 7.7% of MAZE common stock based on 43,797,166 shares outstanding as reported by the issuer.

Do the filers claim any intent to change or influence control of Maze Therapeutics (MAZE)?

No. The filing includes a certification stating the securities are not held for the purpose of or with the effect of changing or influencing control of the issuer.

Did the filing correct any prior errors about ownership attribution?

Yes. The Statement explicitly corrects prior attributions and overstatements of beneficial ownership for certain members and investment committee participants.

Who shares voting or investment power over specific MAZE holdings?

James N. Topper and Patrick J. Heron are disclosed as sharing voting and investment power over the 75,982 shares held by Frazier Life Sciences X, L.P.; several other entities report shared voting and dispositive power over their respective holdings.
Maze Therapeutics

NASDAQ:MAZE

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MAZE Stock Data

1.96B
42.04M
5.9%
88.63%
3.93%
Biotechnology
Biological Products, (no Disgnostic Substances)
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United States
SOUTH SAN FRANCISCO