[Form 3] SpyGlass Pharma, Inc. Initial Statement of Beneficial Ownership
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
SpyGlass Pharma, Inc. had several New Enterprise Associates entities file an initial Form 3 reporting their status as 10% owners as of February 5, 2026. The reporting persons are New Enterprise Associates 17, L.P., NEA Partners 17, L.P., and NEA 17 GP, LLC.
The holdings consist of multiple series of preferred stock that are convertible into SpyGlass Pharma common stock. NEA 17 directly holds Series B, Series C-1, Series C-2, and Series D Preferred Stock, which together correspond to 1,619,240, 1,370,168, 1,370,168 and 737,962 shares of common stock, respectively. All preferred shares will automatically convert one-for-one into common stock before the closing of SpyGlass Pharma’s initial public offering.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
New Enterprise Associates 17, L.P., NEA Partners 17, L.P., NEA 17 GP, LLC
Role
10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Series B Preferred Stock | -- | -- | -- |
| holding | Series C-1 Preferred Stock | -- | -- | -- |
| holding | Series C-2 Preferred Stock | -- | -- | -- |
| holding | Series D Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Series B Preferred Stock — 1,619,240 shares (Direct);
Series C-1 Preferred Stock — 1,370,168 shares (Direct);
Series C-2 Preferred Stock — 1,370,168 shares (Direct);
Series D Preferred Stock — 737,962 shares (Direct)
Footnotes (1)
- All shares of the preferred stock, par value $0.00001 per share, of the Issuer will automatically be converted on a one-for-one basis to shares of the Issuer's common stock, par value $0.00001 per share ("Common Stock") prior to the closing of the Issuer's initial public offering of its Common Stock. The securities are directly held by New Enterprise Associates 17, L.P. ("NEA 17") and are indirectly held by NEA Partners 17, L.P. ("NEA Partners 17"), the sole general partner of NEA 17, NEA 17 GP, LLC ("NEA 17 GP"), the sole general partner of NEA Partners 17, and the individual managers of NEA 17 GP (NEA Partners 17, NEA 17 GP and the individual managers of NEA 17 GP (collectively, the "Managers") together, the "Indirect Reporting Persons"). The Mangers are Forest Baskett, Ali Behbahani, Carmen Chang, Anthony Florence, Jr., Mohamad Makhzoumi, Edward Mathers, Scott Sandell, Paul Walker and Rick Yang. The Indirect Reporting Persons disclaim beneficial ownership within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise of such portion of the securities held by NEA 17 in which the Indirect Reporting Persons have no pecuniary interest.
