Schedule 13G/A: Whitefort Reports 10.24M OmniAb Shares, 8.4% Ownership
Rhea-AI Filing Summary
Whitefort Capital Management and two co-managing partners report beneficial ownership of 10,240,146 shares of OmniAb, Inc. (OABI), representing 8.4% of the outstanding common stock as of June 30, 2025. The filing states Whitefort Management acts as investment manager for client accounts holding these shares, and Co-Managing Partners David Salanic and Joseph Kaplan may be deemed to beneficially own the same block due to their roles. The 8.4% figure is based on 122,335,336 shares outstanding as of May 1, 2025. The statement affirms the position is not held to change or influence control of the issuer.
Positive
- Material ownership disclosed: Whitefort Capital Management and named partners report a clear beneficial holding of 10,240,146 shares, providing transparency to the market.
- Position characterized as passive: The filers certify the shares are not held to influence or change control, consistent with Schedule 13G treatment.
Negative
- Single large holder concentration: An 8.4% stake by one manager may concentrate voting power in a block held across client accounts.
- Limited detail on underlying accounts: Filing does not specify the client accounts or whether any portion is excluded, limiting granularity for investors.
Insights
TL;DR: A single investment manager and its partners report an 8.4% stake in OmniAb, a sizable passive holding below 10%.
This Schedule 13G/A discloses that Whitefort Capital Management, LP and two named partners collectively may be deemed to beneficially own 10,240,146 shares (8.4%) of OmniAb common stock. The filing characterizes the position as not intended to influence control, consistent with a passive investor filing under Rule 13d-1(b)/(c). For investors, an 8.4% stake signals meaningful ownership that could attract attention without crossing thresholds that typically trigger activist presumptions.
TL;DR: Ownership disclosure is material for governance monitoring but shows no expressed intent to seek control.
The filing identifies Whitefort Management as investment manager and names Co-Managing Partners David Salanic and Joseph Kaplan as parties who may be deemed beneficial owners. The document explicitly states the securities were not acquired to change control, and includes the certification language required for a Schedule 13G filing. Governance teams should note the disclosed ownership percentage (8.4%) for shareholder registry and potential proxy considerations.