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Woodline Partners LP, a Delaware limited partnership and investment adviser to Woodline Master Fund LP and Woodline Spire Master Fund LP, reported its beneficial ownership of common stock of Zevra Therapeutics, Inc. on an amended Schedule 13G. Woodline Partners is deemed to beneficially own 4,785,771 shares of Zevra common stock, representing 8.1% of the class, based on 59,115,084 shares outstanding as of May 1, 2026. Woodline has sole voting and dispositive power over these shares and no shared power. Woodline Master Fund LP has the right to receive or direct the receipt of dividends and sale proceeds related to the reported shares.
Key Figures
Beneficially owned shares:4,785,771 sharesOwnership percentage:8.1%Shares outstanding baseline:59,115,084 shares+2 more
5 metrics
Beneficially owned shares4,785,771 sharesCommon stock of Zevra Therapeutics beneficially owned by Woodline Partners
Ownership percentage8.1%Percent of Zevra Therapeutics common stock class reported by Woodline Partners
Shares outstanding baseline59,115,084 sharesZevra common shares outstanding as of May 1, 2026 used to calculate 8.1%
Sole voting power4,785,771 sharesShares for which Woodline Partners has sole power to vote or direct the vote
Sole dispositive power4,785,771 sharesShares for which Woodline Partners has sole power to dispose or direct disposition
Key Terms
beneficial owner, sole voting power, sole dispositive power, percent of class, +1 more
5 terms
beneficial ownerregulatory
"the beneficial owner of the shares of Common Stock reported herein"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole voting powerregulatory
"Sole Voting Power 4,785,771.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive powerregulatory
"Sole Dispositive Power 4,785,771.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
percent of classregulatory
"Percent of class: 8.1%"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
investment adviserfinancial
"the investment adviser to Woodline Master Fund LP and Woodline Spire Master Fund LP"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Zevra Therapeutics (ZVRA) does Woodline Partners report owning?
Woodline Partners reports beneficial ownership of 8.1% of Zevra Therapeutics’ common stock. This percentage is based on 59,115,084 shares outstanding as of May 1, 2026, as stated in Zevra’s Form 10-Q.
How many Zevra Therapeutics (ZVRA) shares does Woodline Partners control?
Woodline Partners reports beneficial ownership of 4,785,771 Zevra Therapeutics common shares. It has sole voting and sole dispositive power over all of these shares and no shared voting or dispositive power.
Which entities are involved in Woodline’s Zevra Therapeutics (ZVRA) position?
The position is reported by Woodline Partners LP, investment adviser to Woodline Master Fund LP and Woodline Spire Master Fund LP. The Woodline Funds directly hold the Zevra shares, with Woodline Partners filing as the reporting person.
Who can receive dividends and sale proceeds from the Zevra Therapeutics (ZVRA) shares?
According to the filing, Woodline Master Fund LP has the right to receive, or direct the receipt of, dividends and sale proceeds from the Zevra Therapeutics common shares reported as beneficially owned.
What is the share count used to calculate Woodline’s 8.1% stake in Zevra (ZVRA)?
The 8.1% ownership percentage is calculated using 59,115,084 Zevra common shares outstanding as of May 1, 2026, as reported in Zevra’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026.
Does Woodline Partners share voting control over Zevra Therapeutics (ZVRA) shares with others?
No. The filing states that Woodline Partners has sole voting power and sole dispositive power over 4,785,771 Zevra shares and reports zero shared voting or dispositive power.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Zevra Therapeutics, Inc.
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
488445206
(CUSIP Number)
06/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
488445206
1
Names of Reporting Persons
Woodline Partners LP
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
4,785,771.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
4,785,771.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,785,771.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
8.1 %
12
Type of Reporting Person (See Instructions)
IA, PN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Zevra Therapeutics, Inc.
(b)
Address of issuer's principal executive offices:
101 Federal Street, Boston, MA 02110
Item 2.
(a)
Name of person filing:
This statement is filed by Woodline Partners LP ("Woodline Partners" or the "Reporting Person"), a Delaware limited partnership, and the investment adviser to Woodline Master Fund LP and Woodline Spire Master Fund LP (together, the "Woodline Funds"), with respect to the shares of common stock, par value $0.0001 per share ("Common Stock"), of Zevra Therapeutics, Inc. (the "Company") directly held by the Woodline Funds.
The filing of this statement should not be construed as an admission that any of the foregoing persons or the Reporting Person is, for the purposes of Section 13 of the Securities Exchange Act of 1934, the beneficial owner of the shares of Common Stock reported herein.
(b)
Address or principal business office or, if none, residence:
The address of the business office of Woodline Partners is 4 Embarcadero Center, Suite 3450, San Francisco, CA 94111.
(c)
Citizenship:
Woodline Partners is a Delaware limited partnership.
(d)
Title of class of securities:
Common Stock, par value $0.0001 per share
(e)
CUSIP No.:
488445206
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for the Reporting Person and is incorporated herein by reference.
The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 59,115,084 shares of Common Stock outstanding as of May 1, 2026, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2026, filed with the Securities and Exchange Commission on May 6, 2026.
(b)
Percent of class:
8.1%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for the Reporting Person and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for the Reporting Person and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for the Reporting Person and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for the Reporting Person and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Item 2(a). Woodline Master Fund LP has right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the shares of Common Stock reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Woodline Partners LP
Signature:
/s/ Erin Mullen
Name/Title:
By: Erin Mullen, General Counsel & Chief Compliance Officer
