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SR One funds disclose 8% Odyssey Therapeutics (ODTX) stake after IPO

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

Rhea-AI Filing Summary

SR One-affiliated funds filed a Schedule 13D reporting beneficial ownership of 3,794,883 shares of Odyssey Therapeutics common stock, representing 8.0% of the company. The stake is held across SR One Fund I Aggregator, SR One Co-Invest vehicles and AMZL, all controlled through SR One Capital Management and ultimately by Dr. Simeon George.

The position arose from Odyssey’s initial public offering of 15,500,000 shares at $18.00 per share and the automatic conversion of multiple preferred stock series and warrants into common stock immediately before the IPO closing. The filing states the investment is for investment purposes, with no current plans for corporate changes.

The funds have registration rights under an Investors' Rights Agreement, including demand and piggyback rights, and are subject to a 180-day lock-up from May 7, 2026 that restricts sales, hedging and registration demands during that period.

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SR One beneficial stake 3,794,883 shares (8.0%) Odyssey Therapeutics common stock beneficially owned by SR One-affiliated funds
Shares outstanding 47,174,156 shares Odyssey Therapeutics common shares outstanding as of May 11, 2026
IPO size 15,500,000 shares Initial public offering of Odyssey Therapeutics common stock, excluding over-allotment option
IPO price $18.00 per share Price paid by SR One Fund I Aggregator, SR One Co-Invest IV-A and AMZL in the IPO
SR One Fund I Aggregator holding 1,831,383 shares Common stock held after preferred and warrant conversions plus IPO purchase
AMZL holding 1,014,851 shares Common stock held after Series C, Series D and warrant conversions plus IPO purchase
S-1 demand threshold $10 million Minimum anticipated aggregate offering amount for Form S-1 registration rights request
Lock-up period 180 days Duration after May 7, 2026 during which funds agree not to sell or hedge shares
Schedule 13D regulatory
"This statement on (this "Statement") relates to the shares of common stock..."
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.
beneficially own financial
"may be deemed to beneficially own the SR One Fund I Aggregator 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.
Investors' Rights Agreement regulatory
"Each Fund is party to the Third Amended and Restated Investors' Rights Agreement"
registration rights regulatory
"The Investors' Rights Agreement grants the parties thereto, including the Funds, certain registration rights"
Registration rights are contractual promises that let investors require a company to file paperwork with securities regulators so those investors can sell their shares to the public. They matter because they create a path to liquidity and an exit plan—without them, investors may be stuck holding shares for a long time. Think of them like a reserved ticket that guarantees access to a public marketplace when the holder is ready to sell.
lock-up agreement regulatory
"each Fund entered into a lock-up agreement in connection with the IPO"
A lock-up agreement is a contract that prevents company insiders and early investors from selling their shares for a fixed period after a stock sale, often after an initial public offering. It matters to investors because it temporarily limits the number of shares that can hit the market, which can keep the share price steadier; when the lock-up ends, a sudden increase in available shares can create extra volatility, revealing insiders’ confidence or lack thereof.
Rule 144 regulatory
"at such time that such holder can sell its shares under Rule 144 without limitation"
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.





67613T104

(CUSIP Number)
Sasha Keough
c/o SR One Capital Management, LP, 929 Main Street, Suite 200
Redwood City, CA, 94063
(410) 800-7503

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
05/11/2026

(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).




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SCHEDULE 13D


SR One Capital Management, LLC
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D., Managing Member
Date:05/18/2026
SR One Capital Fund I Aggregator, LP
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D., Managing Member
Date:05/18/2026
SR One Capital Partners I, LP
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D., Managing Member
Date:05/18/2026
SR One Co-Invest IV, LLC
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D., Managing Member
Date:05/18/2026
SR One Co-Invest IV-A, LLC
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D., Managing Member
Date:05/18/2026
SR One Co-Invest IV Manager, LLC
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D., Managing Member
Date:05/18/2026
AMZL, LP
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D., Managing Member
Date:05/18/2026
SR One Capital SMA Partners, LP
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D., Managing Member
Date:05/18/2026
Simeon George
Signature:/s/ Sasha Keough
Name/Title:Sasha Keough, as attorney-in-fact for Simeon George, M.D.
Date:05/18/2026
Comments accompanying signature:
This Statement was executed by Sasha Keough on behalf of the individuals listed above pursuant to a Power of Attorney, a copy of which is attached as Exhibit 2.

FAQ

How many Odyssey Therapeutics (ODTX) shares do the SR One funds beneficially own?

The SR One funds collectively beneficially own 3,794,883 shares of Odyssey Therapeutics common stock, equal to 8.0% of the company. This stake is spread across several SR One-managed vehicles, including SR One Fund I Aggregator, co-investment funds and AMZL.

What is the size and price of Odyssey Therapeutics (ODTX) IPO mentioned here?

Odyssey Therapeutics completed an initial public offering of 15,500,000 common shares at an IPO price of $18.00 per share. An additional 2,325,000 shares were available for underwriters’ over-allotment, which are excluded from the ownership percentage calculations in this disclosure.

What percentage of Odyssey Therapeutics (ODTX) does each SR One fund hold?

SR One Fund I Aggregator holds 1,831,383 shares (3.9%), SR One Co-Invest IV holds 374,335 shares (0.8%), SR One Co-Invest IV-A holds 574,314 shares (1.2%), and AMZL holds 1,014,851 shares (2.2%). SR One Capital Management and Dr. Simeon George may be deemed to control these holdings.

How many Odyssey Therapeutics (ODTX) shares were outstanding for the 8.0% calculation?

The 8.0% beneficial ownership figure is based on 47,174,156 Odyssey Therapeutics common shares outstanding as of May 11, 2026. This share count excludes any additional shares that underwriters may purchase through exercising their over-allotment option in the IPO.

What registration rights do the SR One funds have in Odyssey Therapeutics (ODTX)?

The SR One funds hold registration rights under a Third Amended and Restated Investors' Rights Agreement. They can request S-1 registration for at least 40% of registrable securities with a $10 million minimum, and S-3 registration for at least 25% with a $5 million minimum, plus piggyback rights.

How long are the SR One funds locked up from selling Odyssey Therapeutics (ODTX) shares?

Each fund agreed to a 180-day lock-up starting May 7, 2026. During this period, they generally cannot sell, hedge, or demand registration of Odyssey shares without prior written consent from the IPO underwriters J.P. Morgan Securities, TD Securities (USA) and Cantor Fitzgerald.