State Street discloses 1.09M Rigel (RIGL) shares held passively
Rhea-AI Filing Summary
State Street Corporation, a Massachusetts-based financial institution, has disclosed a passive ownership stake in Rigel Pharmaceuticals, Inc. common stock. As of the event date of 12/31/2025, State Street beneficially owned 1,091,223 shares, representing 6% of Rigel’s outstanding common stock.
State Street reports no sole voting or dispositive power over the shares. It has shared voting power over 1,064,192 shares and shared dispositive power over 1,091,223 shares, held through affiliated investment adviser subsidiaries including SSGA Funds Management, Inc. The holdings are certified as being in the ordinary course of business and not for influencing control of Rigel.
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FAQ
What stake does State Street hold in Rigel Pharmaceuticals (RIGL)?
State Street Corporation reports beneficial ownership of 1,091,223 Rigel Pharmaceuticals common shares, representing 6% of the class. The position is reported on a Schedule 13G, indicating a passive investment held in the ordinary course of business rather than for control purposes.
How much voting power does State Street have in Rigel (RIGL)?
State Street reports no sole voting power and shared voting power over 1,064,192 Rigel common shares. This means voting decisions are made jointly, typically through its asset management affiliates, rather than by State Street alone acting independently on these securities.
Is State Street’s Rigel (RIGL) position intended to influence company control?
State Street certifies the Rigel shares were acquired and are held in the ordinary course of business. It further certifies they were not acquired and are not held to change or influence control of Rigel, aligning with the passive ownership nature of a Schedule 13G filing.
Which State Street affiliates are linked to the Rigel Pharmaceuticals holdings?
The filing identifies SSGA Funds Management, Inc., State Street Global Advisors Europe Limited, and State Street Global Advisors Trust Company. These subsidiaries are classified as investment advisers and are associated with the Rigel common stock position reported by State Street Corporation as the parent entity.