Palatin Technologies Inc reports that Logos Global and related reporting persons each beneficially own 182,162 shares of Common Stock, representing 9.9% of the class.
The filing states the percentage calculation references 1,779,275 shares outstanding as of May 12, 2026 and discloses warrants to acquire 224,000 shares plus an alternate beneficially owned count of 137,992 shares used in the percentage calculation. The reporting persons say the securities are held on behalf of Logos Opportunities Fund IV and that they disclaim group membership and broader beneficial ownership beyond their pecuniary interest.
Positive
None.
Negative
None.
Insights
Schedule 13G/A updates a >5% position and documents ownership mechanics.
The filing lists 182,162 shares (9.9%) for Logos Global and affiliated reporting persons and ties the percentage to May 12, 2026 outstanding shares. It also notes warrants to acquire 224,000 shares and an alternate base of 137,992 shares in the percentage calculation.
Key qualifiers include an explicit 9.99% beneficial ownership limitation on the warrants and joint filing language with disclaimers of group status and broader beneficial ownership. Subsequent filings may clarify any conversion/exercise timing and the precise treatment of the warrants.
The disclosure clarifies voting/dispositive power and the entity that holds the shares.
Each reporting person reports 0 sole and 182,162 shared voting and dispositive power over the shares; Opportunities Fund is identified as holder for investors' benefit. The statement includes a certification that the shares were not acquired to influence control.
Cash‑flow treatment and timing of any warrant exercises are not described here; investor communications or later SEC filings would show if and when warrant proceeds or exercises affect outstanding share count.
Key Figures
Reported shares beneficially owned:182,162 sharesPercent of class:9.9%Shares outstanding (reference):1,779,275 shares+2 more
5 metrics
Reported shares beneficially owned182,162 sharesItem 4 ownership reported for each reporting person
Percent of class9.9%Percent of class reported for each reporting person
Shares outstanding (reference)1,779,275 sharesOutstanding shares as of <date>May 12, 2026</date> per issuer's Form 10-Q
Warrants referenced224,000 sharesWarrants to acquire shares referenced in percentage calculation
Alternate beneficially owned count137,992 sharesAlternate base used in percentage calculation described in comments
Key Terms
Schedule 13G/A, beneficial ownership limitation, shared dispositive power
3 terms
Schedule 13G/Aregulatory
"Amendment No. 1; joint filing of Statement on schedule 13D or 13G"
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.
beneficial ownership limitationregulatory
"warrants are subject to a 9.99% beneficial ownership limitation"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
shared dispositive powerfinancial
"Shared Dispositive Power 182,162.00 listed for each reporting person"
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
PALATIN TECHNOLOGIES INC
(Name of Issuer)
Common Stock
(Title of Class of Securities)
696077601
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
696077601
1
Names of Reporting Persons
Logos Global Management LP
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
182,162.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
182,162.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
182,162.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
IA, PN
Comment for Type of Reporting Person: Percentage calculated based on (1) 137,992 shares of Common Stock beneficially owned by the reporting person and warrants to acquire 224,000 shares of Common Stock beneficially owned by the reporting person, which warrants are subject to a 9.99% beneficial ownership limitation and (2) 1,779,275 shares of Common Stock outstanding as of May 12, 2026, as reported in Form 10-Q filed by the Issuer for the quarter ended March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
696077601
1
Names of Reporting Persons
Logos Global Management GP 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
182,162.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
182,162.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
182,162.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
HC, OO
Comment for Type of Reporting Person: Percentage calculated based on (1) 137,992 shares of Common Stock beneficially owned by the reporting person and warrants to acquire 224,000 shares of Common Stock beneficially owned by the reporting person, which warrants are subject to a 9.99% beneficial ownership limitation and (2) 1,779,275 shares of Common Stock outstanding as of May 12, 2026, as reported in Form 10-Q filed by the Issuer for the quarter ended March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
696077601
1
Names of Reporting Persons
Logos Opportunities Fund IV LP
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
182,162.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
182,162.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
182,162.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person: Percentage calculated based on (1) 137,992 shares of Common Stock beneficially owned by the reporting person and warrants to acquire 224,000 shares of Common Stock beneficially owned by the reporting person, which warrants are subject to a 9.99% beneficial ownership limitation and (2) 1,779,275 shares of Common Stock outstanding as of May 12, 2026, as reported in Form 10-Q filed by the Issuer for the quarter ended March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
696077601
1
Names of Reporting Persons
Logos Opportunities Fund IV GP 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
182,162.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
182,162.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
182,162.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
HC, OO
Comment for Type of Reporting Person: Percentage calculated based on (1) 137,992 shares of Common Stock beneficially owned by the reporting person and warrants to acquire 224,000 shares of Common Stock beneficially owned by the reporting person, which warrants are subject to a 9.99% beneficial ownership limitation and (2) 1,779,275 shares of Common Stock outstanding as of May 12, 2026, as reported in Form 10-Q filed by the Issuer for the quarter ended March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
696077601
1
Names of Reporting Persons
Arsani William
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
0.00
6
Shared Voting Power
182,162.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
182,162.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
182,162.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Percentage calculated based on (1) 137,992 shares of Common Stock beneficially owned by the reporting person and warrants to acquire 224,000 shares of Common Stock beneficially owned by the reporting person, which warrants are subject to a 9.99% beneficial ownership limitation and (2) 1,779,275 shares of Common Stock outstanding as of May 12, 2026, as reported in Form 10-Q filed by the Issuer for the quarter ended March 31, 2026.
SCHEDULE 13G
CUSIP Number(s):
696077601
1
Names of Reporting Persons
Graham Walmsley
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
0.00
6
Shared Voting Power
182,162.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
182,162.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
182,162.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
HC, IN
Comment for Type of Reporting Person: Percentage calculated based on (1) 137,992 shares of Common Stock beneficially owned by the reporting person and warrants to acquire 224,000 shares of Common Stock beneficially owned by the reporting person, which warrants are subject to a 9.99% beneficial ownership limitation and (2) 1,779,275 shares of Common Stock outstanding as of May 12, 2026, as reported in Form 10-Q filed by the Issuer for the quarter ended March 31, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
PALATIN TECHNOLOGIES INC
(b)
Address of issuer's principal executive offices:
103 Carnegie Center Drive, Suite 300, Princeton, NJ 08852
Item 2.
(a)
Name of person filing:
Logos Global Management LP ("Logos Global")
Logos Global Management GP LLC ("Logos Global GP")
Logos Opportunities Fund IV LP ("Opportunities Fund")
Logos Opportunities Fund IV GP LLC ("Logos GP")
Arsani William
Graham Walmsley
Logos Global is the investment adviser to investment funds, including Opportunities Fund. Logos Global GP is the general partner of Logos Global. Logos GP is the general partner of Opportunities Fund. Dr. William is the control person of Logos Global and Logos Global GP. Dr. William and Dr. Walmsley are control persons of Logos GP and the portfolio managers of Opportunities Fund.
The reporting persons are filing this statement jointly but not as members of a group, and they expressly disclaim membership in a group. Each reporting person disclaims beneficial ownership of Common Stock except to the extent of that person's pecuniary interest therein. In addition, the filing of this Schedule 13G on behalf of the Opportunities Fund should not be construed as an admission that it is, and it disclaims that it is, a beneficial owner, as defined in Rule 13d-3 under the Act, of any Common Stock covered by this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
One Letterman Drive, Building C, Suite C3-350, San Francisco, California 94129
(c)
Citizenship:
See Item 4 of the cover sheet for each reporting person.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
696077601
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:
Logos Global: 182,162
Logos Global GP: 182,162
Opportunities Fund: 182,162
Logos GP: 182,162
Arsani William: 182,162
Graham Walmsley: 182,162
(b)
Percent of class:
Logos Global: 9.9%
Logos Global GP: 9.9%
Opportunities Fund: 9.9%
Logos GP: 9.9%
Arsani William: 9.9%
Graham Walmsley: 9.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Logos Global: 0
Logos Global GP: 0
Opportunities Fund: 0
Logos GP: 0
Arsani William: 0
Graham Walmsley: 0
(ii) Shared power to vote or to direct the vote:
Logos Global: 182,162
Logos Global GP: 182,162
Opportunities Fund: 182,162
Logos GP: 182,162
Arsani William: 182,162
Graham Walmsley: 182,162
(iii) Sole power to dispose or to direct the disposition of:
Logos Global: 0
Logos Global GP: 0
Opportunities Fund: 0
Logos GP: 0
Arsani William: 0
Graham Walmsley: 0
(iv) Shared power to dispose or to direct the disposition of:
Logos Global: 182,162
Logos Global GP: 182,162
Opportunities Fund: 182,162
Logos GP: 182,162
Arsani William: 182,162
Graham Walmsley: 182,162
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
Opportunities Fund holds the Common Stock for the benefit of its investors and has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Common Stock.
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.
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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.
Logos Global Management LP
Signature:
/s/ Arsani William
Name/Title:
Managing Partner
Date:
05/15/2026
Logos Global Management GP LLC
Signature:
/s/ Arsani William
Name/Title:
Managing Member
Date:
05/15/2026
Logos Opportunities Fund IV LP
Signature:
/s/ Arsani William
Name/Title:
Managing Member of Logos Opportunities Fund IV GP LLC, General Partner of Logos Opportunities Fund IV LP
Date:
05/15/2026
Logos Opportunities Fund IV GP LLC
Signature:
/s/ Arsani William
Name/Title:
Managing Member
Date:
05/15/2026
Arsani William
Signature:
/s/ Arsani William
Name/Title:
Reporting person
Date:
05/15/2026
Graham Walmsley
Signature:
/s/ Graham Walsmley
Name/Title:
Reporting person
Date:
05/15/2026
Comments accompanying signature: Exhibit 99 - Agreement Regarding Joint Filing of Statement on schedule 13D or 13G
Logos Global and related reporting persons report 182,162 shares, equal to 9.9% of PTN's common stock. The filing ties the percentage to 1,779,275 shares outstanding as of May 12, 2026 as cited in the Form 10-Q.
Do the filings mention warrants or other convertible instruments for PTN?
Yes. The filing references warrants to acquire 224,000 shares that are subject to a 9.99% beneficial ownership limitation. The percentage calculation also cites an alternate base of 137,992 beneficially owned shares used in the computation.
Who holds the shares reported for PTN and who has voting power?
The shares are held on behalf of Logos Opportunities Fund IV; reporting persons state they have shared voting and dispositive power over 182,162 shares and no sole voting or dispositive power.
Does this filing indicate Logos Global is in a group for PTN ownership?
No. The reporting persons explicitly state they are filing jointly but disclaim membership in a group and disclaim beneficial ownership beyond each person's pecuniary interest, per the joint filing language.
