SCHEDULE: Whitefort Capital Discloses 9.9% Stake in OmniAb

Whitefort Capital Management, LP, along with its Co-Managing Partners David Salanic and Joseph Kaplan, reported a 9.9% beneficial ownership stake in OmniAb, Inc. as of September 30, 2025.

Summary

• Whitefort Capital Management, LP, David Salanic, and Joseph Kaplan collectively reported beneficial ownership of 14,223,658 shares of OmniAb, Inc. common stock.
• This represents 9.9% of OmniAb, Inc.'s outstanding shares.
• The percentage is based on 143,955,400 shares outstanding as of October 28, 2025, as reported in OmniAb's Form 10-Q filed with the SEC on November 4, 2025.
• The reporting persons share both voting and dispositive power over all 14,223,658 shares.
• The securities were not acquired or held for the purpose of changing or influencing control of OmniAb, Inc., except for activities solely in connection with a nomination under Rule 240.14a-11.

Sentiment

Score: 6

Explanation: The disclosure of a 9.9% beneficial ownership by Whitefort Capital Management, LP, and its partners in OmniAb, Inc. is generally a positive signal, indicating institutional confidence. The explicit statement that the stake is not for influencing control, while noting potential for nominations under Rule 14a-11, suggests a strategic, non-activist investment approach for now.

Positives

• A significant institutional investor, Whitefort Capital Management, LP, has taken a substantial 9.9% stake in OmniAb, Inc., potentially signaling confidence in the company's long-term prospects.
• The filing explicitly states that the stake is not for influencing control, which may reduce concerns about potential activist disruptions.

Risks

• The filing mentions the possibility of activities solely in connection with a nomination under Rule 240.14a-11, which could imply future engagement in proxy contests or board nominations, potentially leading to management or strategic changes.

Future Outlook

NA

Industry Context

This filing indicates a significant institutional investment in OmniAb, Inc., a common occurrence in the public markets where investment managers take substantial positions in companies they believe have growth potential. The 9.9% stake is just below the 10% threshold that would typically trigger additional reporting requirements and potential scrutiny, suggesting a strategic positioning by Whitefort Capital Management.

Stakeholder Impact

• Shareholders: Existing shareholders may view this as a positive sign of institutional confidence, potentially leading to increased investor interest.
• Management: Management may need to engage with Whitefort Capital Management, LP, especially given the mention of potential nominations under Rule 14a-11.

Key Dates

Recommendation

The filing primarily discloses a significant institutional ownership stake, which is generally a neutral to slightly positive event. It does not provide new financial performance data or strategic initiatives that would warrant a 'buy' or 'sell' recommendation. The explicit statement against control influence, coupled with the possibility of future board nominations, suggests a watchful 'hold' stance to observe Whitefort Capital's future engagement and OmniAb's performance.

Keywords

OmniAb Inc., Whitefort Capital Management, David Salanic, Joseph Kaplan, Schedule 13G, beneficial ownership, institutional investment, common stock, equity stake