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.
FAQ
Who filed the Schedule 13G/A for SNDX?
How many Syndax (SNDX) shares are reported and what percent of the class do they represent?
What voting and dispositive powers are reported in the filing?
What dates are shown on the Schedule 13G/A filing for SNDX?
Is this a joint filing and what exhibits are included?