Redmile updates 9.9% Shattuck Labs (STTK) stake after July trades
Rhea-AI Filing Summary
Redmile Group, LLC, Jeremy C. Green and Redmile Biopharma Investments II, L.P. updated their ownership report for Shattuck Labs, Inc. common stock. They may be deemed to beneficially own 10,019,421 shares, representing 9.9% of the class, with shared voting and dispositive power over all of these shares. Redmile Biopharma Investments II, L.P. is reported with 8,125,342 shares, or 8.1% of the class.
The position as of July 17, 2026 comprises 5,233,076 shares of common stock (including 3,338,997 shares held directly by RBI II) plus 4,786,345 shares issuable upon exercise of pre-funded warrants, the maximum permitted under a 9.99% Beneficial Ownership Limitation. The Redmile funds hold pre-funded warrants for up to 10,943,951 shares, including 5,647,258 underlying shares at RBI II, and 146,086 shares subject to stock options exercisable within 60 days that are held by a former director as nominee for Redmile. Between July 10 and July 17, 2026, the group executed multiple open market sales and on July 17 used approximately $1,000,000 of working capital to purchase 143,808 shares at a weighted average price of about $7.46 per share.
Positive
- None.
Negative
- None.
Key Figures
Beneficial ownership (Redmile/Green): 10,019,421 shares (9.9%)
Beneficial ownership (RBI II): 8,125,342 shares (8.1%)
Open-market purchase: 143,808 shares at ~$7.46 per share
+5 more
8 metrics
Beneficial ownership (Redmile/Green)
10,019,421 shares (9.9%)
Common stock beneficially owned as of July 17, 2026
Beneficial ownership (RBI II)
8,125,342 shares (8.1%)
Common stock beneficially owned by Redmile Biopharma Investments II, L.P.
Open-market purchase
143,808 shares at ~$7.46 per share
Shares bought on July 17, 2026 using about $1,000,000 of working capital
Shares held by Redmile funds
5,233,076 shares
Common stock directly held by Redmile funds, including RBI II
Shares from pre-funded warrants (counted)
4,786,345 shares
Maximum issuable under 9.99% Beneficial Ownership Limitation included in ownership
Total warrant underlying shares
10,943,951 shares
Common shares underlying all pre-funded warrants held by Redmile funds
Stock options included
146,086 shares
Shares subject to options exercisable within 60 days, held by a former director as nominee
Shares outstanding baseline
95,508,165 shares
Common stock outstanding after underwritten offering used for percentage calculations
Key Terms
Beneficial Ownership Limitation, pre-funded warrants, open market transactions, working capital, +2 more
6 terms
Beneficial Ownership Limitation regulatory
"which is the maximum number of shares of Common Stock that could be issued upon exercise of the Pre-Funded Warrants under the 9.99% beneficial ownership limitation"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
pre-funded warrants financial
"shares of Common Stock issuable to the Redmile Funds, including RBI II, upon exercise of certain pre-funded warrants to purchase Common Stock"
Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.
open market transactions financial
"The participating Redmile Funds purchased the shares in open market transactions at a price of approximately $7.46 per share"
Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.
working capital financial
"utilized their working capital in an aggregate amount of approximately $1,000,000 to acquire 143,808 shares"
Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.
underwritten offering financial
"shares of Common Stock outstanding immediately after the Underwritten Offering (including the exercise of the underwriters' option to purchase additional shares of Common Stock)"
An underwritten offering is when a bank or group of banks agrees to buy all of a company's new shares or bonds and then resell them to outside investors, guaranteeing the company will raise a specific amount of money. It matters to investors because it adds certainty that the funding will close while increasing the number of shares or debt in the market, which can lower the price per share and change each existing owner's ownership percentage—think of a wholesaler buying an entire shipment from a maker before it reaches stores.
beneficially owned regulatory
"The aggregate amount of shares of Common Stock that may be deemed beneficially owned by the Reporting Persons as of July 17, 2026"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stake does Redmile Group report in Shattuck Labs (STTK)?
Redmile Group and Jeremy C. Green may be deemed to beneficially own 10,019,421 Shattuck Labs shares, representing 9.9% of the common stock. This includes both shares held outright and shares issuable upon exercise of certain pre-funded warrants and stock options.
What is Redmile Biopharma Investments II, L.P.’s ownership in STTK?
Redmile Biopharma Investments II, L.P. is reported with 8,125,342 Shattuck Labs shares, or 8.1% of the common stock. This includes 3,338,997 shares held directly and additional shares issuable upon exercise of pre-funded warrants subject to a 9.99% limitation.
What July 2026 trades in STTK did Redmile disclose?
From July 10 to July 17, 2026, Redmile reported several open market sales of Shattuck Labs common stock and, on July 17, a purchase of 143,808 shares for about $1,000,000 at a weighted-average price of roughly $7.46 per share.
What is the 9.99% Beneficial Ownership Limitation mentioned for STTK?
The 9.99% Beneficial Ownership Limitation caps how many Shattuck Labs shares Redmile’s pre-funded warrants can be exercised into at any time. As a result, only 4,786,345 of the 10,943,951 underlying warrant shares are included in the beneficial ownership calculation.