Reid Hoffman/Reprogrammed Interchange Sell 2.09M VOR Shares; 29.1% Stake Remains
Rhea-AI Filing Summary
Amendment No. 1 to a Schedule 13D discloses that Reprogrammed Interchange LLC and Reid Hoffman together beneficially own 36,884,567 shares of Vor BioPharma Inc., representing 29.1% of the outstanding Common Stock. The amendment reports open-market sales by Reprogrammed Interchange LLC from August 25–28, 2025, totaling 2,089,534 shares. Reported weighted-average sale prices were $2.1163 on August 25, $2.0808 on August 26, $2.0053 on August 27 and $2.0115 on August 28. The filing states these sales reduced the Reporting Persons' holdings by more than one percent of the outstanding shares and otherwise incorporates prior Schedule 13D disclosures.
Positive
- Transparency: The Reporting Persons promptly amended Schedule 13D to disclose open-market sales exceeding the one-percent threshold
- Remaining stake: Reporting Persons continue to beneficially own a substantial 29.1% stake, preserving significant influence
Negative
- Disposition of shares: Sale of 2,089,534 shares over four days reduced their economic exposure
- Market timing: Weighted-average sale prices were near or below $2.12, indicating liquidation at modest prices
Insights
TL;DR: A >2.08M-share block was sold over four days, modestly reducing a near-30% stake; routine disclosure of open-market liquidity sales.
The reporting persons remain a large shareholder with 36,884,567 shares (29.1%) after the transactions. The four-day sale pattern and sub-$2.12 weighted average prices suggest the seller used open-market trades to monetize part of the position rather than a single block sale or a negotiated transaction. No additional purchases or other transactions in the prior 60 days are reported. This disclosure is material because it documents a multi-day reduction exceeding one percent of the outstanding class, but the filing does not state any change in control intentions or new arrangements.
TL;DR: Significant shareholder executed scheduled open-market sales; filing complies with Schedule 13D amendment requirements.
The amendment confirms continued shared voting and dispositive power over 36,884,567 shares. The sale of 2,089,534 shares was disclosed promptly via this Schedule 13D/A, addressing the regulatory threshold for amendments. The document indicates no new contracts, arrangements, or legal proceedings related to the securities. From a governance perspective, the Reporting Persons remain a prominent stakeholder but have partially reduced economic exposure through market sales.