SCHEDULE 13G/A: Insider Thomas W. Burns Amends Glaukos Corporation Stake, Disclosing 4.4% Beneficial Ownership

Thomas W. Burns, a key insider, has filed an Amendment No. 9 to Schedule 13G, disclosing a beneficial ownership of 4.4% of Glaukos Corporation's common stock as of December 31, 2024.

Summary

• Thomas W. Burns, an individual, filed an Amendment No. 9 to Schedule 13G regarding his beneficial ownership in Glaukos Corporation.
• As of December 31, 2024, Mr. Burns beneficially owns an aggregate of 2,553,695 shares of Glaukos Corporation common stock.
• This represents 4.4% of the total outstanding common stock, calculated based on 56,443,648 shares outstanding as of December 31, 2024.
• His ownership includes 2,453,695 shares with sole voting and dispositive power, and 100,000 shares with shared voting and dispositive power.
• The ownership is comprised of 1,072,811 shares issuable upon exercise of options (exercisable within 60 days of December 31, 2024), 28,845 directly held shares, 893,932 shares held by the Burns Family Trust, 238,107 shares by the Burns Annuity Trust, 120,000 shares by the Burns Charitable Remainder Trust, 100,000 shares by the Thomas W. Burns Irrevocable Trust, and 100,000 shares by the Janet M. Burns Irrevocable Trust (where Mr. Burns shares power).

Sentiment

Score: 4

Explanation: The document is a routine disclosure of beneficial ownership. The slight negative sentiment comes from the implied decrease in insider ownership percentage below 5%, which could be viewed as a minor negative signal, though the filing itself is neutral in tone.

Positives

• The filing provides transparency regarding a significant insider's ownership structure.
• Thomas W. Burns maintains a substantial beneficial ownership stake in Glaukos Corporation, indicating continued alignment with shareholder interests.

Negatives

• The reported percentage of class (4.4%) is below the 5% threshold, suggesting a reduction from a previous filing (as it's Amendment No. 9 and the previous filing would have been 5% or more to trigger the initial 13G). This implies a decrease in his overall percentage ownership.

Risks

• A decrease in beneficial ownership by a key insider like Thomas W. Burns could be interpreted by some investors as a potential lack of confidence, although this filing does not provide the reason for the change.

Future Outlook

Not applicable for this document type.

Industry Context

This filing is specific to Glaukos Corporation and Thomas W. Burns's ownership and does not provide broader industry context.

Related Party Transactions

• Ownership includes shares held in various trusts (Burns Family Trust, Burns Annuity Trust, Burns Charitable Remainder Trust, Thomas W. Burns Irrevocable Trust, Janet M. Burns Irrevocable Trust) where Mr. Burns is a beneficiary or trustee, indicating related party holdings.

Stakeholder Impact

• Shareholders: Provides transparency on a significant insider's stake, which has decreased below 5% from previous filings, potentially influencing investor perception of insider confidence.

Key Dates

Keywords

Glaukos Corporation, Thomas W. Burns, Schedule 13G, Beneficial Ownership, Common Stock, Insider Ownership, SEC Filing, Shareholding, Investment, Corporate Governance