SCHEDULE 13G/A: Thomas A. Satterfield, Jr. Discloses 9.1% Stake in Curis, Inc. Common Stock

Thomas A. Satterfield, Jr. has filed an amended Schedule 13G, revealing a beneficial ownership of 9.1% of Curis, Inc.'s common stock as of December 31, 2024.

Summary

• Thomas A. Satterfield, Jr. beneficially owns an aggregate of 790,432 shares of Curis, Inc. common stock.
• This ownership represents 9.1% of Curis, Inc.'s outstanding common stock.
• The percentage is calculated based on 8,466,957 shares of common stock outstanding as of November 11, 2024, as reported by Curis, Inc. in its Quarterly Report on Form 10-Q.
• The beneficially owned shares include 198,216 warrants exercisable into common stock.
• Mr. Satterfield holds sole voting and dispositive power over 137,930 shares.
• He holds shared voting and dispositive power over 652,502 shares.
• The shares are held through various entities: Tomsat Investment & Trading Co., Inc. (94,465 shares of Common Stock and 59,465 shares issuable upon exercise of Warrants), A.G. Family L.P. (199,286 shares of Common Stock and 79,286 shares issuable upon exercise of Warrants), and Caldwell Mill Opportunity Fund, LLC (220,000 shares).

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or operational updates.

Positives

• The disclosure of a significant beneficial ownership stake by an individual investor may signal confidence in the company's future prospects.
• The filing provides transparency regarding the ownership structure of a notable shareholder.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of a significant ownership stake in a publicly traded biotechnology company, Curis, Inc. It does not provide broader industry trends or competitive analysis.

Related Party Transactions

• 94,465 shares of Common Stock and 59,465 shares of Common Stock issuable upon exercise of Warrants are held by Tomsat Investment & Trading Co., Inc., a corporation wholly owned by Mr. Satterfield and of which he serves as President.
• 199,286 shares of Common Stock and 79,286 shares of Common Stock issuable upon exercise of Warrants are held by A.G. Family L.P., a partnership managed by a general partner controlled by Mr. Satterfield.
• 220,000 shares are held by Caldwell Mill Opportunity Fund, LLC, which fund is managed by an entity of which Mr. Satterfield owns a 50% interest and serves as Chief Investment Manager.

Stakeholder Impact

• Shareholders: The disclosure of a significant 9.1% stake by Thomas A. Satterfield, Jr. provides transparency regarding a major investor's position, which could influence market perception and potentially future governance discussions.

Key Dates

Keywords

Curis Inc., Thomas A. Satterfield Jr., Schedule 13G, beneficial ownership, common stock, equity stake, SEC filing, ownership disclosure