NEA Amends GlycoMimetics Stake, Signals Ownership Change

TL;DR

**Major investor NEA updated its GlycoMimetics stake, watch for potential strategic shifts.**

AI Summary

New Enterprise Associates (NEA) 10, L.P. and its affiliated entities, including NEA Partners 13, L.P. and NEA 13 GP, LTD, filed an amendment to their Schedule 13D on February 12, 2024, indicating a change in their beneficial ownership of GlycoMimetics, Inc. common stock. This amendment, triggered by an event on February 6, 2024, updates their previous filing and is crucial for investors as it signals a potential shift in the influence or investment strategy of a major institutional holder, which could impact the stock's perception and future performance.

Why It Matters

This filing indicates a change in the beneficial ownership of GlycoMimetics by a significant institutional investor, New Enterprise Associates, which could signal a shift in their investment strategy or influence over the company.

Risk Assessment

Risk Level: medium — Changes in significant institutional ownership can introduce uncertainty regarding future stock performance and company direction.

Analyst Insight

Investors should monitor future filings from New Enterprise Associates regarding GlycoMimetics to understand any further changes in their stake or stated intentions, as this could signal shifts in the company's strategic direction or investor confidence.

Key Players & Entities

• New Enterprise Associates 10, L.P. (company) — filing entity and beneficial owner
• GlycoMimetics, Inc. (company) — subject company of the filing
• Anthony A. Florence, Jr. (person) — group member of the filing entity
• Mohamad H. Makhzoumi (person) — group member of the filing entity
• Scott D. Sandell (person) — group member of the filing entity
• NEA Partners 13, L.P. (company) — group member of the filing entity
• NEA 13 GP, LTD (company) — group member of the filing entity
• New Enterprise Associates 13, L.P. (company) — group member of the filing entity
• NEA PARTNERS 10, LIMITED PARTNERSHIP (company) — group member of the filing entity

Forward-Looking Statements

• New Enterprise Associates will continue to be a significant shareholder in GlycoMimetics, maintaining influence over strategic decisions. (New Enterprise Associates 10, L.P.) — medium confidence, target: 2025-02-12

FAQ

Filing Documents

• nea10-glyco_18796.htm (SC 13D/A) — 337KB
• 0001072613-24-000125.txt ( ) — 338KB

From the Filing

SC 13D/A 1 nea10-glyco_18796.htm NEW ENTERPRISE ASSOCIATES 10, L.P. / GLYCOMIMETICS -- SCHEDULE 13D/A(#2) Schedule 13D UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No. 2)* GlycoMimetics, Inc. (Name of Issuer) Common Stock, $.001 par value (Title of Class of Securities) 38000Q102 (CUSIP Number) Stephanie Brecher New Enterprise Associates 1954 Greenspring Drive, Suite 600, Timonium, MD 21093 (410) 842-4000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) February 6, 2024 (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent. * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No.38000Q102 13D Page 2 of 18 Pages 1. NAMES OF REPORTING PERSONS. New Enterprise Associates 10, Limited Partnership 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 Shares 8. SHARED VOTING POWER 4,721,876 Shares 9. SOLE DISPOSITIVE POWER 0 Shares 10. SHARED DISPOSITIVE POWER 4,721,876 Shares 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,721,876 Shares 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.3% 14. TYPE OF REPORTING PERSON (see instructions) PN CUSIP No.38000Q102 13D Page 3 of 18 Pages 1. NAMES OF REPORTING PERSONS. NEA Partners 10, Limited Partnership 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) AF 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 Shares 8. SHARED VOTING POWER 4,721,876 Shares 9. SOLE DISPOSITIVE POWER 0 Shares 10. SHARED DISPOSITIVE POWER 4,721,876 Shares 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,721,876 Shares 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.3% 14. TYPE OF REPORTING PERSON (see instructions) PN CUSIP No.38000Q102 13D Page 4 of 18 Pages 1. NAMES OF REPORTING PERSONS. New Enterprise Associates 13, L.P. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) WC 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) 6. CITIZENSHIP OR PLACE OF ORGANIZATION Cayman Islands NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 7. SOLE VOTING POWER 0 Shares 8. SHARED VOTING POWER 4,721,876 Shares 9. SOLE DISPOSITIVE POWER 0 Shares 10. SHARED DISPOSITIVE POWER 4,721,876 Shares 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 4,721,876 Shares 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (see instructions) 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 7.3% 14. TYPE OF REPORTING PERSON (see instructions) PN CUSIP No.38000Q102 13D Page 5 of 18 Pages 1. NAMES OF REPORTING PERSONS. NEA Partners 13, L.P. 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions) (a) (b) 3. SEC USE ONLY 4. SOURCE OF FUNDS (see instructions) AF 5. CHEC

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