Third Rock sells Tango shares, cutting stake to 4.74% (TNGX)
Rhea-AI Filing Summary
Tango Therapeutics, Inc. filed an Amendment No. 4 to Schedule 13D/A reporting updated ownership by Third Rock Ventures entities. As of February 6, 2026, Third Rock Ventures IV, L.P. and its affiliated general partners reported shared voting and dispositive power over 6,374,574 shares of Tango common stock, representing approximately 4.74% of outstanding shares, based on 134,593,998 shares outstanding as of October 28, 2025. The amendment states that transactions described in Item 5(c) caused a decrease of over one percentage point in the aggregate ownership previously reported. These changes follow several open-market sales of Tango shares in January and February 2026.
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FAQ
What ownership stake in Tango Therapeutics (TNGX) does Third Rock now report?
Third Rock Ventures IV, L.P. and affiliates report beneficial ownership of 6,374,574 Tango Therapeutics common shares, constituting approximately 4.74% of the outstanding stock. That percentage is calculated using 134,593,998 shares outstanding as of October 28, 2025, from Tango’s Form 10-Q.
Why did Third Rock Ventures file Amendment No. 4 to its Schedule 13D for TNGX?
The amendment reflects a change in Third Rock’s percentage ownership of Tango Therapeutics common stock. Transactions described in Item 5(c) resulted in a decrease of over one percentage point in the aggregate ownership percentage previously reported by the reporting persons.
How is the 4.74% ownership in Tango Therapeutics (TNGX) calculated?
The 4.74% figure uses 134,593,998 Tango common shares outstanding as of October 28, 2025. That share count comes from Tango’s Form 10-Q filed on November 4, 2025, and serves as the denominator for the Schedule 13D/A ownership calculation.
Which entities are the reporting persons in this Tango Therapeutics (TNGX) Schedule 13D/A?
The reporting persons are Third Rock Ventures IV, L.P., Third Rock Ventures GP IV, L.P., and TRV GP IV, LLC. Each entity is organized in Delaware and may be deemed to share voting and dispositive power over the same 6,374,574 Tango common shares held by Third Rock Ventures IV, L.P.
What voting and dispositive powers do Third Rock entities report over Tango Therapeutics (TNGX) shares?
The reporting persons disclose zero sole voting or dispositive power and shared voting and dispositive power over 6,374,574 shares. Third Rock Ventures IV, L.P. holds the shares, while its affiliated general partners may be deemed to share authority over voting and disposition.