SCHEDULE: 683 Capital Discloses 5.33% Stake in Fractyl Health

683 Capital Management, LLC and its affiliates have reported a beneficial ownership of 5.33% in Fractyl Health, Inc., totaling 7,125,000 shares.

Summary

• 683 Capital Management, LLC, 683 Capital Partners, LP, and Ari Zweiman (collectively, the "Reporting Persons") have filed a Schedule 13G indicating beneficial ownership in Fractyl Health, Inc.
• The Reporting Persons collectively beneficially own 7,125,000 shares of Fractyl Health, Inc. Common Stock.
• This aggregate amount represents approximately 5.33% of the outstanding shares of Common Stock.
• The beneficial ownership consists of 5,220,240 shares of Common Stock and warrants to purchase 1,904,760 shares of Common Stock that are currently exercisable.
• The percentage of ownership is calculated based on 131,822,552 shares of Common Stock outstanding following the completion of an offering described in the Issuer's Prospectus Supplement filed on September 26, 2025, plus the 1,904,760 shares issuable upon exercise of the warrants held by the Reporting Persons.
• The Reporting Persons have shared voting and dispositive power over all 7,125,000 beneficially owned shares.
• The securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Fractyl Health, Inc.

Sentiment

Score: 6

Explanation: The disclosure of a significant institutional stake by 683 Capital Management, LLC in Fractyl Health, Inc. is generally a neutral to slightly positive indicator, suggesting investor interest, but it does not provide direct insight into the company's operational performance or future prospects.

Positives

• A significant institutional investment by 683 Capital Management, LLC and its affiliates may be viewed as a vote of confidence in Fractyl Health, Inc.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from Fractyl Health, Inc. regarding its future performance or operations.

Industry Context

This filing reflects an investment firm's position in Fractyl Health, Inc., a company operating in the health sector. Such disclosures are common and indicate institutional interest in publicly traded companies.

Stakeholder Impact

• Increased institutional ownership by 683 Capital Management, LLC and its affiliates may be viewed positively by existing shareholders, signaling confidence in Fractyl Health, Inc.

Key Dates

Keywords

Fractyl Health, 683 Capital Management, Beneficial Ownership, Schedule 13G, Common Stock, Investment Management, Warrants, Institutional Investor