GS Group Reports 5,581,828 Shares of Syndax; 6.5% Ownership
Rhea-AI Filing Summary
Schedule 13G/A filed for Syndax Pharmaceuticals, Inc. reports that The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC jointly hold 5,581,828.06 shares of Syndax common stock, representing 6.5% of the class as reported for the event date 06/30/2025. The filing shows no sole voting or dispositive power and substantial shared voting power (5,581,718.06) and shared dispositive power (5,581,828.06). The cover exhibits include a joint filing agreement and identification of Goldman Sachs & Co. LLC as a subsidiary of GS Group. The registrants certify the securities are held in the ordinary course of business and not for the purpose of changing control.
Positive
- Institutional interest: The Goldman Sachs Group reports a 6.5% stake (5,581,828.06 shares) in SNDX, indicating significant institutional ownership.
Negative
- None.
Insights
TL;DR: Goldman Sachs discloses a material 6.5% stake in SNDX, showing notable institutional ownership but no sole control.
The Schedule 13G/A indicates a meaningful passive position by The Goldman Sachs Group and its subsidiary Goldman Sachs & Co. LLC: 5,581,828.06 shares or 6.5% of Syndax common stock as of the reported event date. The filing records 0 sole voting and dispositive power while reporting nearly identical shared voting and dispositive figures, which implies the position is exercised collectively or through accounts managed by the adviser or broker-dealer. The filing includes a joint filing agreement and an exhibit identifying the subsidiary relationship. Impact to control is explicitly denied by certification.
TL;DR: Institutional ownership above 5% triggers disclosure; the filing documents shared authority without a control intent.
The Schedule 13G/A is a routine disclosure when an institutional investor crosses the 5% threshold. It records shared voting power of 5,581,718.06 and shared dispositive power of 5,581,828.06, with 0 sole powers. The inclusion of Exhibit (99.1) confirms a joint filing agreement and Exhibit (99.2) clarifies the parent-subsidiary reporting relationship. The signatories explicitly state the securities are held in the ordinary course and not to influence control, aligning with Schedule 13G filing standards.