SCHEDULE: Redmile Group Sells Absci Shares, Ownership Drops Below 5%

Redmile Group, LLC and Jeremy C. Green have filed an amendment to their Schedule 13D, reporting the sale of 645,867 shares of Absci Corporation common stock on April 10, 2026, reducing their beneficial ownership to 4.9%.

Summary

• This filing is an amendment (No. 4) to a Schedule 13D, originally filed on August 2, 2021, and previously amended on March 5, 2024, April 29, 2025, and March 26, 2026.
• The amendment reports transactions by Redmile Group, LLC and Jeremy C. Green concerning the common stock of Absci Corporation.
• On April 10, 2026, Redmile Group, LLC sold 645,867 shares of Absci Corporation common stock through open market transactions.
• The weighted average sale price for these shares was $2.979, with individual transactions ranging from $2.90 to $3.04 per share.
• Following these transactions, Redmile Group, LLC and Jeremy C. Green no longer hold 5% or more beneficial ownership of Absci Corporation's common stock.
• The total number of shares beneficially owned by the reporting persons is now 7,607,449, representing 4.9% of the class.
• This percentage is calculated based on 153,021,263 shares of common stock outstanding as of March 6, 2026, as disclosed in Absci Corporation's annual report filed on March 24, 2026.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this filing as having a negative sentiment due to the significant sale of shares by a major investor, indicating a potential reduction in confidence or a strategic exit from a portion of their holding.

Negatives

• Redmile Group, LLC and Jeremy C. Green have reduced their stake in Absci Corporation, selling a significant number of shares.
• The sale resulted in their beneficial ownership falling below the 5% threshold, indicating a decreased investment interest or a strategic divestment.

Future Outlook

The filing does not contain forward-looking statements or guidance from Absci Corporation. It solely reports on past transactions and current beneficial ownership.

Industry Context

StockSavvy.ai notes that this Schedule 13D amendment reflects a significant investor, Redmile Group, reducing its stake in Absci Corporation. Such a reduction, especially below a 5% threshold, can sometimes signal a shift in the investor's outlook or a portfolio rebalancing, which may be observed across the biotechnology and drug discovery sector where companies often rely on substantial institutional backing.

Stakeholder Impact

• Shareholders may view the reduction in ownership by a significant investor like Redmile Group as a potential negative signal, possibly impacting share price in the short term.
• The market may interpret this sale as a sign of reduced confidence from institutional investors, potentially affecting future investment sentiment towards Absci Corporation.

Next Steps

• Redmile Group, LLC and Jeremy C. Green will continue to report any future changes in their beneficial ownership of Absci Corporation stock as required by SEC regulations.

Key Dates

Recommendation

The filing indicates a reduction in ownership by a significant investor, which could be interpreted negatively. However, the remaining 4.9% ownership still suggests a notable interest. Without further context on the reasons for the sale or Absci Corporation's underlying performance, a 'hold' recommendation is prudent, advising investors to monitor future developments and the company's operational performance.

Keywords

Schedule 13D, Absci Corporation, Redmile Group, LLC, Jeremy C. Green, Beneficial Ownership, Stock Sale, SEC Filing, Amendment, Common Stock, Investment Management