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Viking Global (SION) amends Schedule 13G, removes David C. Ott as reporter

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Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Viking Global Investors LP amended its Schedule 13G/A to remove David C. Ott as a reporting person effective March 31, 2026. The filing restates beneficial ownership by related Viking entities and individuals: 3,195,181 shares (representing 7.1% of the class) held through affiliated funds and GPs.

The amendment details that 2,039,801 shares are directly owned by Viking Global Opportunities Sub‑entities and 1,155,380 shares by Viking Global Opportunities Drawdown entities, with shared voting and dispositive power across the reported affiliates and two executive committee members.

Positive

  • None.

Negative

  • None.

Insights

Large passive stake aggregated through affiliated funds; amendment removes one former reporting person.

The filing shows 3,195,181 shares beneficially owned through a set of affiliated entities, representing 7.1% of the outstanding common stock as of March 31, 2026. Ownership is routed via limited partnerships and GPs with shared voting and dispositive power.

Key dependencies include the multi‑entity ownership chain and delegated managerial authority; subsequent disclosures will follow ordinary SEC beneficial‑ownership reporting. Cash‑flow treatment and any sale intentions are not stated in the provided excerpt.

Reported beneficial ownership 3,195,181 shares Aggregate beneficial ownership by Viking entities
VGOP direct holdings 2,039,801 shares Directly owned by Viking Global Opportunities (VGOP)
VGOD direct holdings 1,155,380 shares Directly owned by Viking Global Opportunities Drawdown (VGOD)
Shares outstanding (base) 45,075,651 shares Outstanding as of March 31, 2026 (source: issuer 10‑Q)
Reported stake percentage 7.1% Percent of class for 3,195,181 shares as of March 31, 2026
Sub‑entity stake percent 4.5% / 2.6% Percentages for 2,039,801 and 1,155,380 share positions respectively
Schedule 13G/A regulatory
"Amendment No. 1 ) Sionna Therapeutics, Inc."
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.
beneficially owned regulatory
"VGI beneficially owns 3,195,181 shares of Common Stock"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive power regulatory
"Shared Dispositive Power 3,195,181.00"
Rule 13d-3 regulatory
"Based on Rule 13d-3 of the Act, VGI may be deemed to beneficially own"
Rule 13d-3 defines who is treated as the beneficial owner of a company’s shares for U.S. securities disclosure rules — essentially anyone who has the power to vote or direct how shares are voted, or the power to buy or sell them, even if they don’t hold the certificates. For investors this matters because crossing certain ownership thresholds triggers public filing and disclosure obligations and signals potential control or influence, much like having the keys to a car implies you can drive it even if it’s registered to someone else.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What change did Viking Global report for SION in this Schedule 13G/A?

The amendment removes David C. Ott as a reporting person effective March 31, 2026. It otherwise confirms the same aggregated beneficial ownership positions held by Viking entities and two executive committee members, with no new purchases or dispositions disclosed in the excerpt.

How many Sionna Therapeutics (SION) shares does Viking Global beneficially own?

Viking Global beneficially owns 3,195,181 shares, as reported in the filing. That total consists of 2,039,801 shares held by Viking Global Opportunities entities and 1,155,380 shares held by Viking Global Opportunities Drawdown entities, per the Schedule 13G/A text.

What percentage of SION outstanding shares does the filing show for Viking Global?

The filing states the percentages are calculated from 45,075,651 shares outstanding as of March 31, 2026. Viking Global and related reporting persons are reported at 7.1% beneficial ownership, with affiliated sub‑entities shown at 4.5% and 2.6% respectively.

Do the reporting persons directly own the shares or control them through funds?

The Schedule 13G/A states the shares are directly owned by affiliated limited partnerships and funds; reporting persons exercise shared voting and dispositive power through GP and managerial relationships, while the named individuals do not directly own the shares but may be deemed beneficial owners under Rule 13d‑3.





829401108

(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




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G




Comment for Type of Reporting Person: See Item 4


SCHEDULE 13G



VIKING GLOBAL INVESTORS LP
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of VIKING GLOBAL INVESTORS LP (1)(2)
Date:05/15/2026
Viking Global Opportunities Parent GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Parent GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities Portfolio GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Portfolio GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities Illiquid Investments Sub-Master LP
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Illiquid Investments Sub-Master LP (1)(2)
Date:05/15/2026
Viking Global Opportunities Drawdown GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Drawdown GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities Drawdown Portfolio GP LLC
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Drawdown Portfolio GP LLC (1)(2)
Date:05/15/2026
Viking Global Opportunities Drawdown (Aggregator) LP
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Viking Global Opportunities Drawdown (Aggregator) LP (1)(2)
Date:05/15/2026
HALVORSEN OLE ANDREAS
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of O. Andreas Halvorsen (1)
Date:05/15/2026
Shabet Rose Sharon
Signature:/s/ Scott M. Hendler
Name/Title:Scott M. Hendler on behalf of Rose S. Shabet (2)
Date:05/15/2026

Comments accompanying signature: (1) Scott M. Hendler is signing on behalf of O. Andreas Halvorsen, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737). (2) Scott M. Hendler is signing on behalf of Rose S. Shabet, individually and as an Executive Committee Member of VIKING GLOBAL PARTNERS LLC, on behalf of VIKING GLOBAL INVESTORS LP, and as an Executive Committee Member of VIKING GLOBAL OPPORTUNITIES PARENT GP LLC, on behalf of itself and VIKING GLOBAL OPPORTUNITIES GP LLC, VIKING GLOBAL OPPORTUNITIES PORTFOLIO GP LLC, VIKING GLOBAL OPPORTUNITIES ILLIQUID INVESTMENTS SUB-MASTER LP, VIKING GLOBAL OPPORTUNITIES DRAWDOWN GP LLC, VIKING GLOBAL OPPORTUNITIES DRAWDOWN PORTFOLIO GP LLC and VIKING GLOBAL OPPORTUNITIES DRAWDOWN (AGGREGATOR) LP, pursuant to an authorization and designation letter dated February 9, 2021, which was previously filed with the Commission as an exhibit to a Form 13G filed by Mr. Halvorsen on February 12, 2021 (SEC File No. 005-49737).
Exhibit Information

EXHIBIT A - JOINT FILING AGREEMENT