STOCK TITAN

Andreessen Horowitz (NAUT) funds sell 5M shares, retain near-10% stake

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

Rhea-AI Filing Summary

Andreessen Horowitz–affiliated funds filed an amended Schedule 13D for Nautilus Biotechnology to reflect recent share sales and updated holdings. AH Bio Fund II and Andreessen Horowitz LSV Fund II sold 4,615,974 and 384,026 Nautilus common shares, respectively, on June 2, 2026 in a single block trade at $2.35 per share.

After these transactions, Marc Andreessen and Benjamin Horowitz are each reported to beneficially own 12,653,917 shares, representing approximately 9.96% of Nautilus’s common stock based on 127,078,855 shares outstanding as of April 23, 2026, though EDGAR cover pages round this to 9.9%. The filing details their sole and shared voting and dispositive powers through various venture funds and general partner entities.

Positive

  • None.

Negative

  • None.

Insights

Andreessen Horowitz funds sold ~5M Nautilus shares but retain a near-10% stake.

The amendment shows AH Bio II and AH LSV II executed a single block trade totaling 5,000,000 Nautilus shares at $2.35 per share. This updates earlier ownership disclosures and clarifies current control of voting and disposition rights across the AH Bio and AH LSV fund complexes.

Despite the sale, Marc Andreessen and Benjamin Horowitz each continue to beneficially own 12,653,917 shares, or about 9.96% of the company’s 127,078,855 outstanding shares as of April 23, 2026. This leaves them just under the 10% threshold while still representing a sizable strategic position.

Block trade size AH Bio II 4,615,974 shares Sold on June 2, 2026 at $2.35 per share
Block trade size AH LSV II 384,026 shares Sold on June 2, 2026 at $2.35 per share
Block trade price $2.35 per share Single block trade on June 2, 2026
Andreessen beneficial ownership 12,653,917 shares (~9.96%) Based on 127,078,855 shares outstanding as of April 23, 2026
Horowitz beneficial ownership 12,653,917 shares (~9.96%) Same basis as Andreessen’s reported ownership
Shares outstanding 127,078,855 shares Nautilus common stock outstanding as of April 23, 2026
AH Bio Fund II position 11,682,032 shares (9.2%) Beneficially owned with sole voting and dispositive power
AH LSV II position 971,885 shares (0.8%) Beneficially owned with sole voting and dispositive power
beneficially own financial
"Each of Messrs. Andreessen and Horowitz may be deemed to beneficially own 9.96% of the common stock"
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.
sole voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: | 7 | Sole Voting Power 11,682,032.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive power financial
"9 | Sole Dispositive Power 11,682,032.00 10 | Shared Dispositive Power 0.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
block trade financial
"sold 4,615,974 and 384,026 shares of common stock, respectively, in a single block trade at $2.35 per share"
A block trade is a large, privately arranged sale or purchase of a company's shares or bonds between big investors, often negotiated to avoid upsetting the public market price. Think of it like selling a truckload of goods directly to one buyer instead of unloading it on a busy street — it moves a lot of supply at once and can signal shifting demand, affect immediate liquidity, and influence short-term stock prices.
Schedule 13D regulatory
"This Amendment No. 1 amends and supplements the statement on originally filed with the Securities and Exchange Commission"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Registration Rights and Lock-up Agreement regulatory
"Amended and Restated Registration Rights and Lock-up Agreement, dated as of February 7, 2021"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google





63909J108

(CUSIP Number)
a16z Capital Management
2865 Sand Hill Road, Suite 101,
Menlo Park, CA, 94025
(650) 798-3900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/02/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


AH Bio Fund II, L.P.
Signature:/s/ Phil Hathaway
Name/Title:By AH Equity Partners Bio II, L.L.C., Its General Partner, By Phil Hathaway, Chief Operating Officer (See Note 1)
Date:06/04/2026
AH Equity Partners Bio II, L.L.C.
Signature:/s/ Phil Hathaway
Name/Title:By Phil Hathaway, Chief Operating Officer
Date:06/04/2026
Andreessen Horowitz LSV Fund II, L.P.
Signature:/s/ Phil Hathaway
Name/Title:By AH Equity Partners LSV II, L.L.C., Its General Partner, By Phil Hathaway, Chief Operating Officer (See Note 2)
Date:06/04/2026
AH Equity Partners LSV II, L.L.C.
Signature:/s/ Phil Hathaway
Name/Title:By Phil Hathaway, Chief Operating Officer
Date:06/04/2026
Marc L. Andreessen
Signature:/s/ Phil Hathaway
Name/Title:By Phil Hathaway, Attorney-in-Fact for Marc Andreessen
Date:06/04/2026
Benjamin A. Horowitz
Signature:/s/ Phil Hathaway
Name/Title:By Phil Hathaway, Attorney-in-Fact for Benjamin Horowitz
Date:06/04/2026
Comments accompanying signature:
Note 1 AH Bio Fund II, L.P. for itself and as nominee for AH Bio Fund II-B, L.P. Note 2 Andreessen Horowitz LSV Fund II, L.P. for itself and as nominee for Andreessen Horowitz LSV Fund II-B, L.P. and Andreessen Horowitz LSV Fund II-Q, L.P.

FAQ

How many Nautilus (NAUT) shares do Marc Andreessen and Ben Horowitz now beneficially own?

Marc Andreessen and Benjamin Horowitz each beneficially own 12,653,917 Nautilus shares. This represents about 9.96% of the company’s common stock, based on 127,078,855 shares outstanding as of April 23, 2026, with EDGAR cover figures rounded to 9.9%.

What percentage of Nautilus (NAUT) does Andreessen Horowitz report owning after this Schedule 13D/A?

The filing reports that each of Marc Andreessen and Benjamin Horowitz beneficially owns approximately 9.96% of Nautilus common stock. Row 13 on their cover pages shows 9.9% due to EDGAR field rounding, using 127,078,855 outstanding shares disclosed in Nautilus’s April 2026 Form 10-Q.

What Nautilus (NAUT) share sales are disclosed in the June 2026 Schedule 13D/A amendment?

The amendment discloses that on June 2, 2026, AH Bio Fund II sold 4,615,974 Nautilus common shares and Andreessen Horowitz LSV Fund II sold 384,026 shares. Both were executed as a single block trade at a price of $2.35 per share, according to Item 5(c).

How many Nautilus (NAUT) shares are outstanding in this Schedule 13D/A?

Ownership percentages in the Schedule 13D/A are based on 127,078,855 Nautilus common shares outstanding. This share count comes from Nautilus’s Form 10-Q, which reported 127,078,855 shares outstanding as of April 23, 2026, and is used to calculate each reporting person’s percentage ownership.

Which Andreessen Horowitz funds are listed as reporting persons in the Nautilus (NAUT) Schedule 13D/A?

Reporting persons include AH Bio Fund II, L.P., AH Equity Partners Bio II, L.L.C., Andreessen Horowitz LSV Fund II, L.P., AH Equity Partners LSV II, L.L.C., and individuals Marc L. Andreessen and Benjamin A. Horowitz. The filing explains their roles as general partners or managing members controlling voting and dispositive power.

What type of transaction is described for Andreessen Horowitz’s Nautilus (NAUT) stake in June 2026?

The document describes a single block trade on June 2, 2026. AH Bio Fund II and Andreessen Horowitz LSV Fund II together sold 5,000,000 Nautilus common shares at $2.35 per share, prompting an update to their Schedule 13D and the reported beneficial ownership percentages.