[SCHEDULE 13G] Organogenesis Holdings Inc. SEC Filing

Rhea-AI Filing Summary

Organogenesis Holdings, Inc. Schedule 13G shows First Light Asset Management, LLC and Mathew P. Arens report joint beneficial ownership of common stock. The Manager is reported to beneficially own 8,061,404 shares (representing 6.35% of the class) while Mr. Arens is reported to beneficially own 8,309,404 shares (6.55%), including 231,000 shares held directly with sole voting and dispositive power. The filing is made under Rule 13d-1(b) and includes a joint filing agreement.

Positive

• Disclosure of material stake: First Light reports 8,061,404 shares (6.35%) and Mr. Arens reports 8,309,404 shares (6.55%), both above 5% thresholds.
• Clear allocation of voting/dispositive power: Filing specifies sole versus shared voting and disposition (231,000 shares sole by Mr. Arens; shared power for larger holdings).
• Filed under Rule 13d-1(b): Certification states holdings are in the ordinary course of business and not for the purpose of changing control.

Negative

• None.

Insights

Financial Analyst

TL;DR Joint disclosure shows institutional adviser and CEO-level individual each above 5% ownership, a notable ownership concentration.

The filing discloses that First Light Asset Management holds 8,061,404 shares (6.35%) via managed accounts and private funds while Mathew P. Arens, as managing member, is reported with 8,309,404 shares (6.55%), including 231,000 shares held directly with sole voting and dispositive power. This is a Schedule 13G filed under Rule 13d-1(b), indicating passive investment intent per the certification. The positions disclosed are sufficiently large to be material to holders' ownership profiles but the filing explicitly states shares are held in the ordinary course of business and not to influence control.

Corporate Governance Expert

TL;DR Disclosure clarifies allocation of voting and dispositive power between the adviser and its principal, aiding governance transparency.

The Schedule 13G clarifies that shared voting and dispositive power of 8,061,404 shares is exercised by First Light as adviser, while Mr. Arens reports both shared control (8,078,404 shares) and sole control over 231,000 shares. The joint filing and certification language indicate a passive posture under Rule 13d-1(b). For governance, the filing documents an identifiable concentrated stake and differentiates sole versus shared authorities, which is important for board and shareholder oversight but does not assert any change in control intentions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Organogenesis Holdings, Inc.

(Name of Issuer)

Common Stock, $0.01 par value

(Title of Class of Securities)

68621F102

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. 68621F102

1

Names of Reporting Persons

First Light Asset Management, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 8,061,404.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,061,404.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,061,404.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.35 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP No. 68621F102

1

Names of Reporting Persons

Mathew P. Arens

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 231,000.00
6	Shared Voting Power 8,078,404.00
7	Sole Dispositive Power 231,000.00
8	Shared Dispositive Power 8,078,404.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,309,404.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

6.55 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Organogenesis Holdings, Inc.
(b)	Address of issuer's principal executive offices: 85 Dan Road, Canton, MA 02021
Item 2.
(a)	Name of person filing: This Schedule 13G is jointly filed by the following: First Light Asset Management, LLC (the "Manager") Mathew P. Arens ("Mr. Arens") The Manager may be deemed to be the beneficial owner of 8,061,404 of the Issuer's shares of common stock (the "Shares"). The Manager acts as an investment adviser to certain persons holding separately managed accounts with the Manager, each of whom has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of,those shares. The Manager may also be deemed to be the beneficial owner of these shares because it acts as an investment adviser to certain private funds. Mr. Arens may also be deemed to be the beneficial owner of these shares because he controls the Manager in his position as managing member and majority owner of the Manager. Mr. Arens also directly holds 231,000 Shares in an individual capacity with sole control and 17,000 Shares held in a joint account over which he shares control. The Manager and Mr. Arens are filing this Schedule 13G/A with respect to these Shares pursuant to Rule 13d-1(b) under the Act. The Manager and Mr. Arens may be deemed to be the beneficial owner of the total amount of Shares set forth across from its or his respective name in Item 4 below. The filing of this Schedule 13G shall not be construed as an admission that the reporting persons or any of their affiliates are the beneficial owner of any securities covered by this Schedule 13G for any other purposes other than Section 13(d) of the Securities Exchange Act of 1934.
(b)	Address or principal business office or, if none, residence: Each of the reporting persons identified in Item 2(a) has its principal business office at: 3300 Edinborough Way, Suite 201, Edina, MN 55435
(c)	Citizenship: First Light Asset Management, LLC - Delaware limited liability company Mathew P. Arens - United States citizen
(d)	Title of class of securities: Common Stock, $0.01 par value
(e)	CUSIP No.: 68621F102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: First Light Asset Management, LLC - 8,061,404 Mathew P. Arens - 8,309,404
(b)	Percent of class: First Light Asset Management, LLC - 6.35% Mathew P. Arens - 6.55%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: First Light Asset Management, LLC - 0 Mathew P. Arens - 231,000
	(ii) Shared power to vote or to direct the vote: First Light Asset Management, LLC - 8,061,404 Mathew P. Arens - 8,078,404
	(iii) Sole power to dispose or to direct the disposition of: First Light Asset Management, LLC - 0 Mathew P. Arens - 231,000
	(iv) Shared power to dispose or to direct the disposition of: First Light Asset Management, LLC - 8,061,404 Mathew P. Arens - 8,078,404
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

First Light Asset Management, LLC

Signature:	/s/ Kurt T. Peterson
Name/Title:	Kurt T. Peterson/Chief Compliance Officer
Date:	08/14/2025

Mathew P. Arens

Signature:	/s/ Mathew P. Arens
Name/Title:	Mathew P. Arens/Chief Executive Officer
Date:	08/14/2025

Exhibit Information

Exhibit A: Joint Filing Agreement

FAQ

How many Organogenesis (ORGO) shares does First Light Asset Management report owning?

First Light Asset Management reports beneficial ownership of 8,061,404 shares, representing 6.35% of the class.

What is Mathew P. Arens' reported ownership in ORGO?

Mathew P. Arens reports beneficial ownership of 8,309,404 shares, representing 6.55%, including 231,000 shares with sole voting and dispositive power.

Under what rule was this Schedule 13G filed?

The Schedule 13G was filed pursuant to Rule 13d-1(b), indicating a passive reporting category.

Does the filing state the shares are intended to influence control of ORGO?

No. The certification states the securities were acquired and are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Where are the reporting persons' principal offices located?

The reporting persons' principal business office is listed as 3300 Edinborough Way, Suite 201, Edina, MN 55435.