SCHEDULE: Nkarta, Inc. Schedule 13D Amendment Filed

New Enterprise Associates 15, L.P. and affiliated entities have filed an amendment to their Schedule 13D, reporting a decrease in beneficial ownership of Nkarta, Inc. common stock to below 5%.

Summary

• This filing is an amendment (Amendment No. 3) to a Schedule 13D originally filed on July 23, 2020, concerning the common stock of Nkarta, Inc.
• The amendment is being filed to reflect that the reporting persons, including New Enterprise Associates 15, L.P. (NEA 15), NEA Partners 15, L.P., NEA 15 GP, LLC, and individuals Forest Baskett, Anthony A. Florence, Jr., Mohamad H. Makhzoumi, and Scott D. Sandell, have exited their reporting status.
• This exit from reporting status is due to an increase in the total number of Nkarta, Inc. common shares outstanding, which has resulted in the reporting persons' beneficial ownership falling below the 5% threshold.
• As of May 12, 2026, each reporting person has ceased to beneficially own 5% or more of the Issuer's Common Stock.
• The total number of shares beneficially owned by each reporting person is 3,568,781, representing 4.9% of the class of securities.
• This percentage was calculated based on 71,545,358 shares of Common Stock outstanding as of May 7, 2026, as reported by Nkarta, Inc. on its Form 10-Q filed on May 12, 2026.
• No transactions in the last 60 days have been effected by the reporting persons.
• The reporting persons acquired the shares for investment purposes and may dispose of or acquire additional shares depending on market conditions and their evaluation of the Issuer's business and prospects.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, primarily administrative, reflecting a change in reporting status due to share count adjustments rather than a fundamental change in the company's operations or prospects.

Positives

• The reporting persons have reduced their beneficial ownership below the 5% threshold, indicating a potential shift in their investment strategy or a response to increased share count.
• The filing clearly states that the reporting persons may dispose of or acquire additional shares, providing flexibility in their investment approach.

Negatives

• The filing signifies a reduction in the stake held by a significant investment entity (NEA 15 and affiliates), which could be interpreted negatively by the market if their investment thesis has changed.
• The beneficial ownership has fallen below 5%, meaning they are no longer required to file Schedule 13D, which might suggest a reduced level of influence or commitment.

Risks

• Depending on market conditions, continuing evaluation of the business and prospects of the Issuer, and other factors, NEA 15 and other Reporting Persons may dispose of or acquire additional shares of the Issuer.
• There are no present plans by the reporting persons that relate to or would result in an extraordinary corporate transaction, sale of assets, changes in board or management, material changes in capitalization or dividend policy, or other material changes in the Issuer's business or corporate structure.

Future Outlook

The reporting persons may dispose of or acquire additional shares of the Issuer depending on market conditions, their continuing evaluation of the business and prospects of the Issuer, and other factors. There are no present plans for extraordinary corporate transactions, changes in management, or material changes to the Issuer's business or corporate structure.

Industry Context

StockSavvy.ai notes that this filing indicates a shift in significant ownership for Nkarta, Inc. As a biotechnology company, changes in major investor stakes can be closely watched, especially if they signal a change in sentiment towards the company's development pipeline or market position.

Stakeholder Impact

• Shareholders: The reduction in beneficial ownership by a significant investor may lead to market speculation regarding the reasons for the divestment or potential future selling pressure.
• Management: The filing confirms no immediate plans for changes in board or management, providing stability in corporate leadership.
• Investors: The filing provides transparency on ownership changes, allowing investors to adjust their own analyses and strategies.

Next Steps

• The reporting persons may dispose of or acquire additional shares of the Issuer.

Key Dates

Keywords

Nkarta, Inc., Schedule 13D, Amendment, New Enterprise Associates, Beneficial Ownership, Securities Exchange Act, Investment, Common Stock