OrbiMed fund tied to Sionna (SION) director sells 30,953 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Sionna Therapeutics director-affiliated entity records stock sales linked to OrbiMed funds. An investment vehicle, OrbiMed Private Investments VIII, LP, associated with reporting person Peter A. Thompson and OrbiMed Advisors, sold 1,890 shares of Sionna Therapeutics common stock at $44.57 on February 2, 2026.
The same entity sold an additional 29,063 shares at $44.58 on February 3, 2026, leaving 3,530,702 shares of Sionna common stock indirectly beneficially owned after the transactions. The filing notes that the reporting person and related OrbiMed entities disclaim beneficial ownership except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 30,953 shares ($1,379,866)
Net Sell
2 txns
Insider
Thompson Peter A.
Role
Director
Sold
30,953 shs ($1.38M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 29,063 | $44.58 | $1.30M |
| Sale | Common Stock | 1,890 | $44.57 | $84K |
Holdings After Transaction:
Common Stock — 3,530,702 shares (Indirect, See footnotes)
Footnotes (1)
- These securities are held of record by OrbiMed Private Investments VIII, LP ("OPI VIII"). OrbiMed Capital GP VIII LLC ("GP VIII") is the general partner of OPI VIII and OrbiMed Advisors LLC ("OrbiMed Advisors") is the managing member of GP VIII. By virtue of such relationships, GP VIII and OrbiMed Advisors may be deemed to have voting and investment power with respect to the shares held by OPI VIII and as a result may be deemed to have beneficial ownership of such shares. OrbiMed Advisors exercises investment and voting power through a management committee comprised of Carl L. Gordon, Sven H. Borho, and W. Carter Neild, each of whom disclaims beneficial ownership of the shares held by OPI VIII. The Reporting Person is a member of OrbiMed Advisors. Each of the Reporting Person, OrbiMed Advisors, and GP VIII disclaims beneficial ownership of the securities reported herein for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), except to the extent of its pecuniary interest therein, if any. This report shall not be deemed an admission that any such entity or person is a beneficial owner of such securities for purposes of Section 16 of the Exchange Act, or for any other purpose.
FAQ
Who is associated with the Sionna Therapeutics (SION) Form 4 transactions?
The transactions relate to OrbiMed Private Investments VIII, LP, whose interests are managed through OrbiMed Capital GP VIII LLC and OrbiMed Advisors LLC. Director Peter A. Thompson is a member of OrbiMed Advisors and reports the transactions in an indirect capacity with ownership disclaimers.
What do the ownership disclaimers mean in the Sionna Therapeutics (SION) Form 4?
The footnotes explain that OrbiMed entities may be deemed to share voting and investment power over the shares, but each party, including Peter A. Thompson, disclaims beneficial ownership under Exchange Act rules, except for any economic interest, limiting interpretation of the holdings as personal ownership.