[SCHEDULE 13D/A] Stoke Therapeutics, Inc. SEC Filing
Rhea-AI Filing Summary
Skorpios Trust, Montrago Trustees Ltd, Ezbon International Ltd and Blue Horizon Enterprise Ltd filed Amendment No. 6 to their Schedule 13D for Stoke Therapeutics (STOK). The amendment reports that on August 22, 2025 Blue Horizon sold 1,000,000 shares of common stock in an open-market transaction at $18.50 per share. The filing states that, following that sale, the Reporting Persons ceased to be beneficial owners of more than 5.0% of the outstanding shares, based on 54,797,418 shares outstanding. The amendment incorporates updated cover page figures showing individual shared voting and dispositive power and adds a joint filing agreement as an exhibit.
Positive
- None.
Negative
- Blue Horizon sold 1,000,000 shares in an open-market transaction at $18.50 per share, reducing reporting group's influence.
- Reporting Persons ceased to be beneficial owners of more than 5% of Stoke Therapeutics on August 22, 2025, changing disclosure/engagement status.
Insights
TL;DR: A coordinated holder reduced its stake below the 5% reporting threshold after a 1,000,000-share sale, altering disclosure status.
The amendment documents a deliberate open-market sale by Blue Horizon that materially changed the Reporting Persons' disclosure obligations by reducing aggregate holdings below 5% of common stock. That change ends certain Schedule 13D implications tied to >5% ownership, including heightened market attention and potential activism signaling. The filing is procedural but material from a disclosure standpoint because it affects monitoring and potential engagement expectations between the holders and Stoke Therapeutics' management.
TL;DR: Reporting Persons sold 1,000,000 shares at $18.50, reducing combined stake under 5%, a noteworthy but non-crisis development.
This sale generated proceeds of approximately $18.5 million for Blue Horizon and lowered the group's combined beneficial ownership to below the 5% threshold referenced in the filing. The disclosure clarifies share counts and voting/dispositive power figures for each reporting entity, aiding investors' understanding of ownership concentration. No other transactions in the past 60 days were reported.