NeuroPace (NPCE): OrbiMed reports 1.51M-share, 4.4% beneficial stake
Rhea-AI Filing Summary
NeuroPace, Inc. received an amended institutional ownership report from OrbiMed. OrbiMed Advisors LLC and OrbiMed Capital GP VI LLC each report beneficial ownership of 1,505,125 shares of NeuroPace common stock, representing 4.4% of the outstanding class as of June 30, 2026.
The OrbiMed entities report shared voting and dispositive power over all 1,505,125 shares and no sole voting or dispositive power. They state that the shares are held on behalf of other persons who have rights to dividends and sale proceeds, and that OrbiMed Advisors LLC exercises investment and voting power through a management committee whose members disclaim beneficial ownership of these shares.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 1,505,125 shares
Percent of class: 4.4%
Shared voting power: 1,505,125 shares
+2 more
5 metrics
Shares beneficially owned
1,505,125 shares
Beneficially owned by each OrbiMed entity as of June 30, 2026
Percent of class
4.4%
Percentage of NeuroPace common stock class held by OrbiMed entities
Shared voting power
1,505,125 shares
Shares over which OrbiMed entities have shared power to vote or direct the vote
Shared dispositive power
1,505,125 shares
Shares over which OrbiMed entities have shared power to dispose or direct disposition
Ownership threshold status
5 percent or less
Item 5 indicates ownership of 5 percent or less of the class
Key Terms
beneficially owned, shared voting power, shared dispositive power, Schedule 13G/A, +1 more
5 terms
beneficially owned financial
"Amount beneficially owned: OrbiMed Advisors LLC: 1,505,125"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Schedule 13G/A regulatory
"Ownership of 5 percent or less of a class Item 6 | Ownership of more than 5 Percent"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Investment Company Act of 1940 regulatory
"investment company registered under the Investment Company Act of 1940"
A U.S. federal law that sets the rulebook for pooled investment vehicles such as mutual funds, exchange-traded funds and similar money managers, requiring them to register with regulators, disclose holdings and fees, limit conflicts of interest, and follow governance standards. It matters to investors because these protections and transparency rules act like a referee and scoreboard, helping people compare funds, trust that managers follow fair practices, and spot hidden costs or risks.
FAQ
What ownership stake in NeuroPace (NPCE) does OrbiMed report in this Schedule 13G/A amendment?
OrbiMed reports beneficial ownership of 1,505,125 shares of NeuroPace common stock, representing 4.4% of the class as of June 30, 2026, held through OrbiMed Advisors LLC and OrbiMed Capital GP VI LLC.
Why does the filing state OrbiMed owns 5 percent or less of NeuroPace (NPCE)?
The filing indicates OrbiMed’s aggregate beneficial ownership is 4.4% of NeuroPace’s common stock, which qualifies as ownership of 5 percent or less of the class under the Schedule 13G reporting framework.
On whose behalf does OrbiMed hold its NeuroPace (NPCE) position?
The reporting persons state they hold 4.4% of NeuroPace’s common stock in the aggregate on behalf of other persons who have the right to receive dividends or sale proceeds from these securities.
What is the effective ownership date and signature date for this NeuroPace (NPCE) Schedule 13G/A?
The ownership information is stated as of June 30, 2026, and the amendment is signed by Carl L. Gordon on behalf of the reporting entities on August 14, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.