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First Tracks Biotherapeutics, Inc. has a significant shareholder group led by TCG Crossover funds and Chen Yu reporting beneficial ownership of its common stock. TCG Crossover Fund II, L.P. and TCG Crossover Fund III, L.P., together with their general partners, each report beneficial ownership of 1,447,652 shares, or 4.1% of the common stock, with shared voting and dispositive power and no sole power. Chen Yu, as sole managing member of both general partners, may be deemed to beneficially own an aggregate 2,895,304 shares, representing 8.3% of the company’s common stock, all with shared voting and dispositive power. These percentages are based on 34,892,381 shares outstanding as of May 12, 2026, and each reporting person disclaims beneficial ownership beyond its pecuniary interest.
Sirenia Capital Management LP and Alex Silverstein report a significant ownership position in First Tracks Biotherapeutics, Inc. common stock. They report beneficial ownership of 2,495,777 shares of common stock, representing 7.2% of the class, based on 34,892,381 shares outstanding as of May 12, 2026 as reported by the company.
All reported shares are held with shared voting and dispositive power; neither Sirenia nor Mr. Silverstein reports sole voting or dispositive power. The position is held through investment funds and a managed account overseen by Sirenia, with Point72 Associates II, LLC’s account having the right to receive dividends or sale proceeds for more than 5% of the outstanding common stock.
Affinity Asset Advisors, LLC and its managing member Michael Cho report a passive ownership stake in First Tracks Biotherapeutics, Inc. common stock. As of June 30, 2026, they beneficially own 2,032,012 shares of common stock, representing approximately 5.8% of the company’s outstanding shares.
The shares are held directly by Affinity Healthcare Fund, LP, for which Affinity Asset Advisors, LLC acts as investment manager with sole voting and dispositive power over the position. Michael Cho may be deemed a beneficial owner through his role as managing member of the adviser. The ownership percentage is based on 34,892,381 shares of common stock outstanding as of May 12, 2026, as disclosed in the issuer’s Form 10-Q.
First Tracks Biotherapeutics, Inc., a clinical-stage biotechnology company focused on autoimmune and inflammatory diseases, has registered for resale by selling stockholders up to 10,497,054 shares of common stock; the company will not receive any proceeds from these sales. The business was separated from AnaptysBio via a Spin-Off completed on April 20, 2026, and concurrently raised approximately $80 million gross in a private placement of 5,791,479 primary shares at $13.81 per share.
As of June 30, 2026, cash and cash equivalents were $168.0 million and total assets were $183.1 million, with 35,390,679 shares of common stock outstanding. For the six months ended June 30, 2026, the company reported a net loss of $83.9 million, driven by research and development expenses of $59.6 million and general and administrative expenses of $28.1 million, partially offset by $3.9 million of interest income. Management states existing resources are expected to fund operating plans for at least 12 months. The pipeline includes ANB033 for celiac disease and eosinophilic esophagitis, rosnilimab for rheumatoid arthritis, and ANB101, a BDCA2 modulator.
First Tracks Biotherapeutics, Inc., a clinical-stage biotechnology company recently spun off from AnaptysBio, focuses on antibody therapies for autoimmune and inflammatory diseases, including ANB033 (celiac disease and eosinophilic esophagitis), rosnilimab (rheumatoid arthritis) and ANB101 (BDCA2 modulator).
For the three and six months ended June 30, 2026, the company reported net losses of $33.4 million and $83.9 million, respectively, driven by research and development expenses of $25.6 million and $59.6 million and general and administrative expenses of $9.3 million and $28.1 million.
Cash and cash equivalents were $168.0 million at June 30, 2026, down from $238.2 million at December 31, 2025, after $64.5 million of operating cash outflows in the first half. The April 2026 spin-off and an associated private placement generated approximately $80 million in gross proceeds, and management states current resources are expected to fund operations for at least 12 months.
First Tracks Biotherapeutics, Inc. reported second quarter 2026 results and updated progress across its pipeline. The company highlighted its CD122 antagonist ANB033, with a Phase 1b trial in celiac disease fully enrolled in Cohort 1 and ongoing enrollment in Cohort 2, and noted that the U.S. FDA granted Fast Track designation for ANB033 in celiac disease. Top-line data are reaffirmed for Q4 2026 for Cohort 1, Q1 2027 for Cohort 2, and Q3 2027 for a Phase 1b trial in eosinophilic esophagitis, with plans to start Phase 2 trials in two additional indications in H1 2027.
Cash, cash equivalents and investments totaled $168.0 million as of June 30, 2026, and the company reiterates a projected cash runway into Q2 2028, including expansion of ANB033 into two new indications. Research and development expenses were $25.6 million for the quarter, down from $39.3 million a year earlier, while general and administrative expenses rose to $9.3 million from $6.6 million, largely due to separation-related legal costs. Net loss for the quarter was $33.4 million, or $0.95 per share, compared with a net loss of $42.4 million, or $1.47 per share, in the prior-year period.
First Tracks Biotherapeutics, Inc. has updated insider ownership information for Chief Medical Officer Paul F. Lizzul, reflecting his holding of 16,667 performance stock units (PSUs). These PSUs relate to common stock and vest in two equal 50% tranches on March 12, 2027 and March 12, 2028, subject to his continued service.
First Tracks Biotherapeutics, Inc. updated an insider ownership report for Chief Business Officer Benjamin Stone to reflect holdings of 16,667 performance stock units (PSUs), each tied to common stock. The PSUs vest and settle over two years: 50% on March 12, 2027 and 50% on March 12, 2028, subject to his continued service on each vesting date.
First Tracks Biotherapeutics, Inc. updated its initial insider ownership report for President and CEO Daniel Faga to include 53,334 Performance Stock Units (PSUs) tied to common stock. The PSUs carry a stated exercise price of $0.0000 per unit. According to the vesting terms, 50% of the PSUs vest and settle on March 12, 2027 and the remaining 50% on March 12, 2028, in each case subject to Faga’s continuing service with the company on the applicable vesting date.
FMR LLC and Abigail P. Johnson report beneficial ownership of 2,054,127.49 shares of First Tracks Biotherapeutics Inc. common stock, representing 5.9% of the class. FMR LLC has sole voting power over 2,053,988.00 shares and sole dispositive power over 2,054,127.49 shares, with no shared voting or dispositive power reported.
Abigail P. Johnson is shown with sole dispositive power over 2,054,127.49 shares and no voting power, reflecting her control relationship with FMR LLC. One or more other persons may receive dividends or sale proceeds from these shares, but each such interest is stated to be under five percent of the outstanding common stock.