General Atlantic (SPTX) funds report 6.1M Seaport Therapeutics shares on Form 3
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Seaport Therapeutics, Inc. filed an initial Form 3 showing that General Atlantic–affiliated funds hold 6,101,582 shares of its Common Stock. This amount includes 3,351,582 shares issuable upon conversion of Series B preferred stock. The holdings are reported as indirect, through multiple partnerships and investment vehicles described in the footnotes. A six-member Partnership Committee ultimately controls key general partners, and each member disclaims beneficial ownership of the shares except to the extent of any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
General Atlantic (SP), L.P., GENERAL ATLANTIC, L.P., GENERAL ATLANTIC GENPAR, L.P., General Atlantic Partners 100, L.P., GAP COINVESTMENTS III, LLC, GAP COINVESTMENTS IV, LLC, GAP Coinvestments V, LLC, GENERAL ATLANTIC GENPAR (BERMUDA), L.P., General Atlantic (SPV) GP, LLC, GAP (Bermuda) L.P.
Role
null | null | null | null | null | null | null | null | null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock, par value $0.0001 per share ("Common Stock") | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.0001 per share ("Common Stock") — 6,101,582 shares (Indirect, See footnote)
Footnotes (1)
- Reflects 6,101,582 shares of Common Stock held by General Atlantic (SP), L.P., or General Atlantic SP, including 3,351,582 shares of Common Stock issuable upon conversion of Series B preferred stock. The limited partners that share beneficial ownership of the shares held by General Atlantic SP, or the GA Funds, are General Atlantic Partners 100, L.P., or GAP 100, General Atlantic Partners (Lux), SCSp, or GAP Lux, GAP Coinvestments III, LLC, or GAPCO III, GAP Coinvestments IV, LLC, or GAPCO IV, GAP Coinvestments V, LLC, or GAPCO V, and GAP Coinvestments CDA, L.P., or GAPCO CDA. The general partner of GAP 100 is General Atlantic GenPar, L.P., (Cont'd in FN2) (Cont'd from FN1) or GA GenPar. General Atlantic, L.P., or GA LP, which is controlled by the Partnership Committee of GASC MGP, LLC (the "Partnership Committee"), is the managing member of GAPCO III, GAPCO IV and GAPCO V, the general partner of GAPCO CDA and GA GenPar, and the sole member of General Atlantic (SPV) GP, LLC, or GA SPV. The general partner of General Atlantic SP is GA SPV. The general partner of GAP Lux is General Atlantic GenPar, (Lux) SCSp, or GA GenPar Lux, and the general partner of GA GenPar Lux is General Atlantic (Lux) S.a r.l., or GA Lux. The sole shareholder of GA Lux is General Atlantic GenPar (Bermuda), L.P., or GenPar Bermuda. GAP (Bermuda) L.P., or GAP Bermuda, which is ultimately controlled by the Partnership Committee, is the general partner of GenPar Bermuda. (Cont'd in FN3) (Cont'd from FN2) There are six members of the Partnership Committee. Each of the members of the Partnership Committee disclaims ownership of the shares except to the extent that he or she has a pecuniary interest therein.
Key Figures
Beneficial ownership: 6,101,582 shares
Conversion shares: 3,351,582 shares
2 metrics
Beneficial ownership
6,101,582 shares
Common Stock beneficially owned by General Atlantic (SP), L.P.
Conversion shares
3,351,582 shares
Common Stock issuable upon conversion of Series B preferred stock
Key Terms
beneficial ownership, Series B preferred stock, pecuniary interest, Partnership Committee
4 terms
beneficial ownership financial
"The limited partners that share beneficial ownership of the shares held by General Atlantic SP, or the GA Funds, are General Atlantic Partners 100, L.P."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Series B preferred stock financial
"including 3,351,582 shares of Common Stock issuable upon conversion of Series B preferred stock."
Series B preferred stock is a type of ownership share issued by a company that offers certain advantages over common stock, such as priority in receiving dividends or assets if the company is sold or liquidated. It is typically issued after an initial round of funding, making it a way for investors to support a company's growth while gaining some protections and benefits. This stock matters to investors because it often provides a more secure investment position with potential for future growth.
pecuniary interest financial
"Each of the members of the Partnership Committee disclaims ownership of the shares except to the extent that he or she has a pecuniary interest therein."
Partnership Committee financial
"GAP (Bermuda) L.P., or GAP Bermuda, which is ultimately controlled by the Partnership Committee, is the general partner of GenPar Bermuda."
FAQ
What does General Atlantic report owning in Seaport Therapeutics (SPTX) on this Form 3?
General Atlantic–affiliated funds report beneficial ownership of 6,101,582 Seaport Therapeutics common shares, including 3,351,582 shares issuable upon conversion of Series B preferred stock, all held indirectly through fund and partnership structures.
Are General Atlantic’s Seaport Therapeutics (SPTX) holdings direct or indirect?
The filing reports indirect beneficial ownership of Seaport Therapeutics shares. The 6,101,582 common shares are held through General Atlantic (SP), L.P. and related funds and partnerships, rather than directly by individual committee members.