SCHEDULE 13G/A: Investment Firms Amend Stake in PepGen Inc., Disclosing 3.6% Ownership

Suvretta Capital Management, LLC, Averill Master Fund, Ltd., and Aaron Cowen have filed an amended Schedule 13G, disclosing a collective beneficial ownership of 3.6% in PepGen Inc.

Summary

• This document is an Amendment No. 1 to a Schedule 13G filing concerning PepGen Inc.'s Common Stock.
• The reporting persons are Suvretta Capital Management, LLC, Averill Master Fund, Ltd., and Aaron Cowen.
• Collectively, these reporting persons beneficially own 1,174,321 shares of PepGen Inc. Common Stock.
• This aggregate amount represents 3.6% of the outstanding class of PepGen Inc. Common Stock.
• The event date that required this filing was December 31, 2024.
• The reporting persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of PepGen Inc.
• Aaron Cowen is identified as the control person for Suvretta Capital Management, LLC.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate a positive or negative sentiment regarding the company's operational or financial performance. It is a neutral compliance filing.

Positives

• The filing indicates a continued significant, albeit non-controlling, stake by institutional investors Suvretta Capital Management, LLC and Averill Master Fund, Ltd. in PepGen Inc.

Future Outlook

This Schedule 13G/A filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding PepGen Inc.'s future outlook.

Management Comments

• The reporting persons certify that, to the best of their knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing is a routine disclosure of an institutional investor's significant, non-controlling stake in a publicly traded company, common in the financial industry for transparency regarding large shareholdings. It reflects a standard compliance requirement for investors crossing certain ownership thresholds.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership stakes in PepGen Inc.

Key Dates

Keywords

PepGen Inc., Suvretta Capital Management, Averill Master Fund, Aaron Cowen, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing