SCHEDULE: Alta Partners Discloses 9.5% Stake in VSee Health

Alta Partners, LLC and Steven Cohen report a 9.5% beneficial ownership stake in VSee Health, Inc., primarily through warrants and a warrant exchange agreement.

Summary

• Alta Partners, LLC and Steven Cohen collectively reported beneficial ownership of 2,214,585 shares of VSee Health, Inc. Common Stock.
• This represents 9.5% of the company's outstanding common stock, calculated based on 21,044,303 shares issued and outstanding at October 29, 2025, plus the 2,214,585 shares beneficially owned by the reporting persons.
• The ownership consists of 706,533 Public Warrants to purchase common stock at an exercise price of $11.50 per share.
• An additional 1,508,052 shares are issuable pursuant to a Warrant Exchange Agreement between VSee Health, Inc. and Alta Partners, LLC, where Public Warrants are exchanged for common stock at a ratio of approximately 0.9668 shares of Common Stock for each Public Warrant.
• The reporting persons have shared voting and shared dispositive power over all 2,214,585 beneficially owned shares.

Sentiment

Score: 6

Explanation: The filing is a standard regulatory disclosure of a significant beneficial ownership stake by an institutional investor. While not directly impacting company operations, a substantial stake by a known entity like Alta Partners could be viewed as a vote of confidence, leading to a slightly positive sentiment.

Positives

• A significant institutional investor, Alta Partners, LLC, and its managing member, Steven Cohen, have disclosed a substantial 9.5% beneficial ownership stake in VSee Health, Inc., which may signal confidence in the company's future prospects.

Risks

• The beneficial ownership includes warrants, which are subject to market price fluctuations and the exercise price of $11.50 per share, potentially impacting the value of the stake.
• The Warrant Exchange Agreement involves a specific exchange ratio, and any changes in the underlying common stock price could affect the value of the exchanged shares.

Future Outlook

This Schedule 13G filing is a disclosure of beneficial ownership and does not contain any forward-looking statements or guidance from VSee Health, Inc. regarding its future operations or financial performance.

Industry Context

This filing is a regulatory disclosure of a significant ownership stake by an institutional investor in VSee Health, Inc. It does not provide specific insights into broader industry trends or competitive dynamics, but rather reflects an investment decision by a particular entity within the healthcare technology sector.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership. Potential positive sentiment from a large investor's stake.

Next Steps

• The reporting persons will be responsible for timely filing of any subsequent amendments to this Schedule 13G if their beneficial ownership changes.

Key Dates

Keywords

VSee Health, Alta Partners, Steven Cohen, Schedule 13G, beneficial ownership, common stock, warrants, warrant exchange, institutional investor, SEC filing