Beryl and David Witkin Disclose 4.09M YMAB Shares (9.0%)
Rhea-AI Filing Summary
Beryl Capital Management and related reporting persons disclosed ownership of 4,087,091 shares of Y-mAbs Therapeutics common stock, representing 9.0% of the outstanding class based on 45,438,420 shares reported by the issuer for the quarter ended June 30, 2025. The Partnership affiliate is separately reported with 3,095,833 shares (6.8%). All reported shares are shown with shared voting and shared dispositive power; none are reported as sole voting or sole dispositive power. The filing includes a certification that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Positive
- Reported beneficial ownership of 4,087,091 shares (9.0% of class)
- Certification states shares were acquired and are held in the ordinary course of business, not to influence control
Negative
- No sole voting or dispositive power reported; all power is shared
- Concentration in a single reporting group equals a material 9.0% stake, requiring disclosure and potential monitoring by investors
Insights
TL;DR: Beryl and affiliates report a material passive stake of 9.0% in Y-mAbs; holdings are shared, not sole-control.
The Schedule 13G discloses a material position: 4,087,091 shares equal to 9.0% of the class using the issuer's stated outstanding share count. The report classifies the position as passive under Rule 13d-1, and the filers state the securities are held in the ordinary course and not to influence control. For investors, this is a notable ownership disclosure but, per the filing, does not signal an active control campaign or immediate governance changes.
TL;DR: A single investor group and its control person hold shared voting rights on 9.0%—material but filed as non-control.
The filing identifies Beryl Capital entities and David A. Witkin as reporting persons with shared voting and dispositive power over the same 4,087,091 shares. The Partnership's separate 3,095,833-share holding (6.8%) is also disclosed. The certification language explicitly denies an intent to change or influence issuer control, which is consistent with a passive disclosure rather than an active governance engagement.
FAQ
Does the filing indicate Beryl intends to change or influence control of YMAB?
What is the Partnership's separately reported ownership in YMAB?
AI-generated analysis. How Rhea-AI works. Not financial advice.