SCHEDULE: Telemark Exits Biodesix Stake Below 5% Threshold

Telemark Asset Management and affiliates have filed an exit Schedule 13G/A, reporting their beneficial ownership in Biodesix, Inc. has fallen to 4.1%.

Summary

• Telemark Asset Management, LLC, Telemark Fund, LP, and Colin S. McNay (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G.
• This amendment serves as a final amendment and an exit filing for the Reporting Persons, indicating their beneficial ownership in Biodesix, Inc. has fallen below the 5% reporting threshold.
• The Reporting Persons collectively beneficially own 327,824 shares of Biodesix, Inc. common stock.
• This represents approximately 4.1% of the class of securities outstanding.
• They hold shared voting power and shared dispositive power over all 327,824 shares.

Sentiment

Score: 5

Explanation: The filing is a routine compliance update regarding a change in beneficial ownership below the reporting threshold. It is an exit filing for the reporting persons, which is a factual event and not inherently positive or negative for the issuer based solely on this document.

Future Outlook

NA

Management Comments

• Each Reporting Person declares that neither the filing of this Amendment nor anything herein shall be construed as an admission that such Reporting Person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement other than the securities actually owned by such person (if any).
• By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.

Industry Context

NA

Stakeholder Impact

• Shareholders: The reduction in beneficial ownership by Telemark Asset Management and its affiliates below the 5% threshold may be noted by other investors, potentially influencing market perception of institutional interest in Biodesix, Inc.

Key Dates

Keywords

Biodesix Inc., Telemark Asset Management, Telemark Fund, Colin S. McNay, Schedule 13G/A, Beneficial Ownership, Exit Filing, Common Stock, Investment Management