D1 Capital Partners Exits Sight Sciences (SGHT) Position

TL;DR

**D1 Capital Partners just dumped all their Sight Sciences stock.**

AI Summary

D1 Capital Partners L.P. has filed an amended SC 13G/A, indicating a significant change in their ownership of Sight Sciences, Inc. common stock as of December 31, 2023. The filing shows that D1 Capital Partners L.P. now beneficially owns 0 shares, down from their previous holdings, and holds no voting or dispositive power. This matters to investors because a major institutional investor has completely exited their position in Sight Sciences, Inc., potentially signaling a lack of confidence in the company's future prospects.

Why It Matters

This filing reveals a major institutional investor, D1 Capital Partners L.P., has sold all its shares in Sight Sciences, Inc., which could be interpreted negatively by the market.

Risk Assessment

Risk Level: medium — The complete divestment by a significant institutional investor like D1 Capital Partners L.P. could signal underlying concerns about Sight Sciences, Inc.'s performance or outlook.

Analyst Insight

Investors should investigate the reasons behind D1 Capital Partners L.P.'s complete divestment from Sight Sciences, Inc. and consider if this signals a fundamental issue before making investment decisions.

Key Numbers

• 0 — Shares Beneficially Owned (D1 Capital Partners L.P. now owns zero shares of Sight Sciences, Inc.)
• December 31, 2023 — Date of Event (The date on which the change in ownership occurred, triggering this filing.)

Key Players & Entities

• D1 Capital Partners L.P. (company) — the reporting person who filed the SC 13G/A
• Sight Sciences, Inc. (company) — the subject company whose stock is being reported
• Delaware (company) — place of organization for D1 Capital Partners L.P.
• 0 (dollar_amount) — number of shares beneficially owned by D1 Capital Partners L.P.

Forward-Looking Statements

• Sight Sciences, Inc. stock price may experience downward pressure due to the institutional exit. (Sight Sciences, Inc.) — medium confidence, target: Q1 2024

FAQ

Key Financial Figures

• $0.001 — Inc. (Name of Issuer) Common Stock, $0.001 par value (Title of Class of Securitie

Filing Documents

• p24-0016sc13ga.htm (SC 13G/A) — 58KB
• 0000902664-24-000134.txt ( ) — 60KB

(a)

Item 1(a). Name of Issuer. Sight Sciences, Inc. (the " Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices. 4040 Campbell Avenue, Suite 100 Menlo Park, CA 94025

(a)

Item 2(a). Name of Person Filing. This statement is filed by D1 Capital Partners L.P. (the " Investment Manager ") and Daniel Sundheim (the " Mr. Sundheim "). The foregoing persons are hereinafter sometimes referred to as the " Reporting Persons ." The Investment Manager is a registered investment adviser and serves as the investment manager of private investment vehicles and accounts (the " Investment Vehicles "), and may have been deemed to beneficially own the shares of Common Stock that were held by the Investment Vehicles. Mr. Sundheim indirectly controls the Investment Manager and may have been deemed to beneficially own the shares of Common Stock that were held by the Investment Vehicles.

(b)

Item 2(b). Address of Principal Business Office. D1 Capital Partners L.P. 9 West 57 th Street, 36 th Floor New York, New York 10019 Daniel Sundheim c/o D1 Capital Partners L.P. 9 West 57 th Street, 36 th Floor New York, New York 10019

(c)

Item 2(c). Place of Organization. Investment Manager – Delaware Mr. Sundheim – United States of America

(d)

Item 2(d). Title of Class of Securities. Common stock, $0.001 par value (the " Common Stock ")

(e)

Item 2(e). CUSIP Number. 82657M105 CUSIP No. 82657M105 13G/A Page 5 of 7 Pages 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) x 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) x A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); (h) ¨ A savings association 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); (k) ¨ Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) - (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. Item 5. If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent of the class of securities, check the following: ý CUSIP No. 82657M105 13G/A Page 6 of 7

View Full Filing

View this SC 13G/A filing on SEC EDGAR