Prosight Management Discloses 5.0% Stake in Shattuck Labs

TL;DR

**Prosight Management just bought 5% of Shattuck Labs, watch for potential stock movement.**

AI Summary

Prosight Management, LP, a Dallas-based investment firm, along with its affiliated funds Prosight Fund, LP, Prosight Partners, LLC, and Prosight Plus Fund, LP, reported a significant stake in Shattuck Labs, Inc. (NASDAQ: STTK) as of December 21, 2023. This filing indicates that Prosight Management, LP now beneficially owns 2,000,000 shares of Shattuck Labs' Common Stock, representing 5.0% of the company's outstanding shares. This matters to investors because a notable institutional investor has taken a substantial position, potentially signaling confidence in Shattuck Labs' future prospects and possibly influencing its stock price.

Why It Matters

This filing reveals a new, significant institutional investor in Shattuck Labs, which can be seen as a vote of confidence and may attract further investor interest.

Risk Assessment

Risk Level: low — This filing indicates a new institutional investment, which is generally a positive signal and does not inherently increase risk for current shareholders.

Analyst Insight

A smart investor would monitor Shattuck Labs (STTK) for potential positive price movement and increased analyst coverage following this significant institutional investment, considering it a potential signal of underlying value.

Key Numbers

• 2,000,000 — Shares Beneficially Owned (Represents the total number of shares of Shattuck Labs, Inc. common stock owned by Prosight Management, LP and its affiliates.)
• 5.0% — Percentage of Class Outstanding (Indicates the proportion of Shattuck Labs, Inc.'s common stock now controlled by Prosight Management, LP and its affiliates.)
• December 21, 2023 — Date of Event (The specific date when the ownership threshold requiring this filing was met.)

Key Players & Entities

• Prosight Management, LP (company) — reporting person and investment firm
• Shattuck Labs, Inc. (company) — subject company, pharmaceutical preparations
• Prosight Fund, LP (company) — group member
• Prosight Partners, LLC (company) — group member
• Prosight Plus Fund, LP (company) — group member
• W. Lawrence Hawkins (person) — group member
• Taylor H. Wilson, Esq. (person) — person authorized to receive notices
• 2,000,000 (dollar_amount) — shares beneficially owned
• 5.0% (dollar_amount) — percentage of class outstanding

Forward-Looking Statements

• Shattuck Labs' stock price may experience increased trading volume and positive sentiment due to institutional interest. (Shattuck Labs, Inc.) — medium confidence, target: Q1 2024
• Prosight Management, LP may increase its stake in Shattuck Labs, or other institutional investors may follow suit. (Prosight Management, LP) — low confidence, target: Q2 2024

FAQ

Key Financial Figures

• $0.0001 — INC. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• d535790dsc13g.htm (SC 13G) — 107KB
• d535790dex991.htm (EX-99.1) — 13KB
• 0001193125-23-306036.txt ( ) — 121KB

From the Filing

SC 13G 1 d535790dsc13g.htm SC 13G SC 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. )* SHATTUCK LABS, INC. (Name of Issuer) Common Stock, $0.0001 par value per share (Title of Class of Securities) 82024L103 (CUSIP Number) December 21, 2023 (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) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in 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, as amended ( 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 ). Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications: Taylor H. Wilson, Esq. Haynes and Boone, LLP 2801 N Harwood St, Suite 2300 Dallas, Texas 75201 (214) 651-5000 SCHEDULE 13G CUSIP No. 82024L103 1 Names of Reporting Persons Prosight Management, 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 0 6 Shared Voting Power 2,782,797 7 Sole Dispositive Power 0 8 Shared Dispositive Power 2,782,797 9 Aggregate Amount Beneficially Owned by Each Reporting Person 2,782,797 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) 5.9% (1) 12 Type of Reporting Person (See Instructions) IA (1) Based upon 47,136,648 shares of Common Stock of the Issuer outstanding at the closing of the registered offering of 4,651,163 shares of Common Stock of the Issuer on December 26, 2023, as disclosed in the Issuers Prospectus Supplement that was filed by the Issuer with the U.S. Securities and Exchange Commission (the SEC ) on December 22, 2023 (the Prospectus Supplement ). SCHEDULE 13G CUSIP No. 82024L103 1 Names of Reporting Persons Prosight Fund, 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 0 6 Shared Voting Power 244,554 7 Sole Dispositive Power 0 8 Shared Dispositive Power 244,554 9 Aggregate Amount Beneficially Owned by Each Reporting Person 244,554 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) 0.5% (1) 12 Type of Reporting Person (See Instructions) PN (1) Based upon 47,136,648 shares of Common Stock of the Issuer outstanding at the closing of the registered offering of 4,651,163 shares of Common Stock of the Issuer on December 26, 2023, as disclosed in the Prospectus Supplement. SCHEDULE 13G CUSIP No. 82024L103 1 Names of Reporting Persons Prosight Plus Fund, 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 0 6 Shared Voting Power 726,079 7 Sole Dispositive Power 0 8 Shared Dispositive Power 726,079 9 Aggregate Amount Beneficially Owned by Each Reporting Person 726,079 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) 1.5% (1) 12 Type of Reporting Person (See Instructions) PN (1) Based upon 47,136,648 shares of Common Stock of the Issuer outstanding at the closing of the registered offering of 4,651,163 shares of Common Stock of the Issuer on December 26, 2023, as disclosed in the Prospectus Supplement. SCHEDULE 13G CUSIP No. 82024L103 1 Names of Reporting Persons Prosight Partners, LLC 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 0 6 Shared Voting Power 2,782,797 7 Sole Dispositive Power 0 8 Shared Dispositive Power 2,782,797 9 Aggregate Amount Beneficially Owned by Each Reporting Person 2,782

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View this SC 13G filing on SEC EDGAR