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OnKure Therapeutics (OKUR) investor BVF discloses 8% stake plus 2.15M pre-funded warrants

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

OnKure Therapeutics, Inc. received an updated ownership report from a group of affiliated investment entities led by Biotechnology Value Fund and Mark N. Lampert. As of June 30, 2026, the group beneficially owned 3,235,778 shares of Class A common stock, representing approximately 8.0% of the 40,395,480 shares outstanding as of May 4, 2026.

The BVF funds and a managed account also hold pre-funded warrants exercisable for 2,147,534 additional shares at an exercise price of $0.0001 per share, subject to a 4.9% beneficial ownership cap that currently prevents any exercise. Various BVF-related entities share voting and dispositive power over these positions, while formally disclaiming beneficial ownership where noted.

Positive

  • None.

Negative

  • None.
Shares outstanding 40,395,480 Shares Class A common stock outstanding as of May 4, 2026
Aggregate BVF group holdings 3,235,778 Shares Shares beneficially owned in aggregate by BVF, BVF2, Trading Fund OS and Partners managed account
BVF group ownership percentage 8.0 % Approximate percentage of outstanding Shares beneficially owned by Partners, BVF Inc. and Mark N. Lampert
Pre-funded warrants shares 2,147,534 Shares Shares underlying pre-funded warrants held by BVF entities and a managed account
Warrant exercise price $0.0001 per Share Exercise price of the pre-funded warrants, exercisable immediately
BVF fund BVF ownership 1,671,617 Shares; 4.1 % Shares and percentage beneficially owned by BVF, excluding its warrants
BVF fund BVF2 ownership 1,289,385 Shares; 3.2 % Shares and percentage beneficially owned by BVF2, excluding its warrants
Trading Fund OS ownership 226,497 Shares; 0.6 % Shares and percentage beneficially owned by Biotechnology Value Trading Fund OS
Pre-Funded Warrants financial
"held pre-funded warrants (the "Pre-Funded Warrants") exercisable for an aggregate of 2,147,534 shares"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
beneficially owned financial
"As of the close of business on June 30, 2026, (i) BVF beneficially owned 1,671,617 Shares"
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.
Section 13(d) group regulatory
"any persons who are members of a Section 13(d) group with the holders and their affiliates"
dispositive power financial
"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 1,671,617.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
beneficial ownership of more than 5 percent regulatory
"Item 6. | Ownership of more than 5 Percent on Behalf of Another Person."

FAQ

How much of OnKure Therapeutics (OKUR) does Biotechnology Value Fund report owning?

Biotechnology Value Fund and related entities report beneficial ownership of 3,235,778 shares of OnKure Therapeutics’ Class A common stock, representing approximately 8.0% of the 40,395,480 shares outstanding as of May 4, 2026.

Why can’t BVF currently exercise its OnKure Therapeutics (OKUR) pre-funded warrants?

The pre-funded warrants are subject to a 4.9% beneficial ownership cap (the Pre-Funded Warrants Blocker). As of June 30, 2026, this Blocker prohibits exercise of any of the warrants held by the BVF entities and the managed account.

How many OnKure Therapeutics (OKUR) shares does each main BVF fund hold?

As of June 30, 2026, BVF held 1,671,617 shares, BVF2 held 1,289,385 shares, and Trading Fund OS held 226,497 shares, each excluding shares underlying their respective pre-funded warrants.

What percentage of OnKure Therapeutics (OKUR) is outstanding and used for BVF’s ownership calculations?

Ownership percentages are based on 40,395,480 shares of OnKure Class A common stock outstanding as of May 4, 2026, as reported in the company’s Quarterly Report on Form 10-Q filed May 5, 2026.

Who ultimately shares voting power over BVF’s OnKure Therapeutics (OKUR) holdings?

Partners, BVF Inc. and Mark N. Lampert share voting and dispositive power over shares beneficially owned by BVF, BVF2, Trading Fund OS and those held in the Partners managed account, while also including standard beneficial ownership disclaimers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates





68277Q105

(CUSIP Number)
06/30/2026

(Date of Event Which Requires Filing of this Statement)


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)




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BIOTECHNOLOGY VALUE FUND L P
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF I GP LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BIOTECHNOLOGY VALUE FUND II LP
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF II GP LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
Biotechnology Value Trading Fund OS LP
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF Partners OS Ltd.
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF GP HOLDINGS LLC
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF PARTNERS L P/IL
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
BVF INC/IL
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert, Authorized Signatory
Date:08/14/2026
LAMPERT MARK N
Signature:/s/ Mark N. Lampert
Name/Title:Mark N. Lampert
Date:08/14/2026