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[144] Hagerty, Inc. SEC Filing

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Rhea-AI Filing Summary

Vor Biopharma Inc. (NASDAQ: VOR) � Schedule 13D/A Amendment No. 2 filed 9 July 2025

Venture investor 5AM Ventures and related entities disclosed that they reduced their collective beneficial ownership below the 5 % reporting threshold. Following open-market sales on 8 July 2025, the group now controls 4,422,863 common shares, equal to 3.5 % of VOR’s 124,959,520 shares outstanding (per the issuer’s 14 May 2025 10-Q).

Key transaction details: 5AM Ventures VI, L.P. sold 1,400,444 shares and 5AM Opportunities I, L.P. sold 538,416 shares, for a combined 1,938,860 shares at prices ranging from $2.40�$3.00 (weighted-average $2.4568). After the sales, individual holdings are:

  • 5AM Ventures VI, L.P.: 3,194,645 shares (2.6 %) � shared voting/dispositive power
  • 5AM Opportunities I, L.P.: 1,228,218 shares (1.0 %) � shared voting/dispositive power
  • Managing members Andrew J. Schwab & Dr. Kush Parmar share control over the full 4.42 M shares

Implications: The filing confirms that the venture group is no longer classified as an “insider� under the 5 % threshold, potentially reducing governance influence. The sizable sale may create temporary supply pressure, but the funds retain a meaningful 3.5 % position, signalling continued (albeit reduced) exposure to VOR’s clinical pipeline.

Vor Biopharma Inc. (NASDAQ: VOR) � Modifica Schedule 13D/A n. 2 depositata il 9 luglio 2025

L'investitore di venture capital 5AM Ventures e le entità correlate hanno comunicato di aver ridotto la loro partecipazione complessiva al di sotto della soglia del 5% richiesta per la segnalazione. Dopo le vendite sul mercato aperto dell'8 luglio 2025, il gruppo detiene ora 4.422.863 azioni ordinarie, pari al 3,5% delle 124.959.520 azioni in circolazione di VOR (secondo il 10-Q dell'emittente del 14 maggio 2025).

Dettagli chiave della transazione: 5AM Ventures VI, L.P. ha venduto 1.400.444 azioni e 5AM Opportunities I, L.P. 538.416 azioni, per un totale combinato di 1.938.860 azioni a prezzi compresi tra 2,40 e 3,00 dollari (prezzo medio ponderato di 2,4568 dollari). Dopo le vendite, le partecipazioni individuali sono:

  • 5AM Ventures VI, L.P.: 3.194.645 azioni (2,6%) � potere di voto/dispositivo condiviso
  • 5AM Opportunities I, L.P.: 1.228.218 azioni (1,0%) � potere di voto/dispositivo condiviso
  • I membri gestori Andrew J. Schwab e il Dr. Kush Parmar condividono il controllo su tutte e 4,42 milioni di azioni

Implicazioni: La comunicazione conferma che il gruppo di venture capital non è più classificato come “insider� sotto la soglia del 5%, riducendo potenzialmente la sua influenza nella governance. La consistente vendita potrebbe generare una pressione temporanea sull'offerta, ma i fondi mantengono una posizione significativa del 3,5%, indicando un'esposizione continua (seppur ridotta) al portafoglio clinico di VOR.

Vor Biopharma Inc. (NASDAQ: VOR) � Enmienda 13D/A Nº 2 presentada el 9 de julio de 2025

El inversor de capital riesgo 5AM Ventures y entidades relacionadas revelaron que redujeron su propiedad colectiva beneficiaria por debajo del umbral de reporte del 5%. Tras ventas en el mercado abierto el 8 de julio de 2025, el grupo controla ahora 4.422.863 acciones ordinarias, equivalentes al 3,5% de las 124.959.520 acciones en circulación de VOR (según el 10-Q del emisor del 14 de mayo de 2025).

Detalles clave de la transacción: 5AM Ventures VI, L.P. vendió 1.400.444 acciones y 5AM Opportunities I, L.P. vendió 538.416 acciones, sumando un total combinado de 1.938.860 acciones a precios entre $2,40 y $3,00 (promedio ponderado de $2,4568). Tras las ventas, las participaciones individuales son:

  • 5AM Ventures VI, L.P.: 3.194.645 acciones (2,6%) � poder compartido de voto/disposición
  • 5AM Opportunities I, L.P.: 1.228.218 acciones (1,0%) � poder compartido de voto/disposición
  • Los miembros gestores Andrew J. Schwab y Dr. Kush Parmar comparten el control sobre las 4,42 millones de acciones

Implicaciones: La presentación confirma que el grupo de capital riesgo ya no se clasifica como “insider� bajo el umbral del 5%, lo que podría reducir su influencia en la gobernanza. La venta considerable podría generar presión temporal en la oferta, pero los fondos mantienen una posición significativa del 3,5%, señalando una exposición continua (aunque reducida) a la cartera clínica de VOR.

Vor Biopharma Inc. (NASDAQ: VOR) � 2025� 7� 9� 제출� Schedule 13D/A 수정� 2�

벤처 투자� 5AM Ventures � 관� 법인들이 � 보유 지분을 5% 보고 기준� 이하� 줄였�� 공시했습니다. 2025� 7� 8� 공개 시장 매도 이후, 해당 그룹은 현재 4,422,863� 보통주를 보유하고 있으�, 이는 VOR� � 124,959,520� � 3.5%� 해당합니� (발행사의 2025� 5� 14� 10-Q 보고� 기준).

주요 거래 내역: 5AM Ventures VI, L.P.가 1,400,444주를 매도했고, 5AM Opportunities I, L.P.� 538,416주를 매도하여 � 1,938,860주를 주당 $2.40~$3.00 범위(갶중평� $2.4568)� 매도했습니다. 매도 � 개별 보유 현황은 다음� 같습니다:

  • 5AM Ventures VI, L.P.: 3,194,645� (2.6%) � 공동 의결� � 처분� 보유
  • 5AM Opportunities I, L.P.: 1,228,218� (1.0%) � 공동 의결� � 처분� 보유
  • 운영 책임자인 Andrew J. Schwab와 Dr. Kush Parmar가 전체 442� 주에 대� 통제권을 공유

의미: 이번 공시� 벤처 그룹� 5% 기준� 아래� 내려가면서 � 이상 '내부�'� 분류되지 않음� 확인시켜 주며, 이는 거버넌스 영향력을 줄일 � 있습니다. 대규모 매도� 단기적인 공급 압박� 초래� � 있지�, 펀드들은 여전� 3.5%� 의미 있는 지분을 보유하여 VOR� 임상 파이프라인에 대� 지속적�(비록 축소�) 노출� 시사합니�.

Vor Biopharma Inc. (NASDAQ : VOR) � Amendement Schedule 13D/A n° 2 déposé le 9 juillet 2025

L'investisseur en capital-risque 5AM Ventures et les entités associées ont révélé qu'ils ont réduit leur participation bénéficiaire collective en dessous du seuil de déclaration de 5 %. Suite à des ventes sur le marché libre le 8 juillet 2025, le groupe contrôle désormais 4 422 863 actions ordinaires, soit 3,5 % des 124 959 520 actions en circulation de VOR (selon le 10-Q de l'émetteur du 14 mai 2025).

Détails clés de la transaction : 5AM Ventures VI, L.P. a vendu 1 400 444 actions et 5AM Opportunities I, L.P. a vendu 538 416 actions, pour un total combiné de 1 938 860 actions à des prix allant de 2,40 $ à 3,00 $ (prix moyen pondéré de 2,4568 $). Après ces ventes, les détentions individuelles sont les suivantes :

  • 5AM Ventures VI, L.P. : 3 194 645 actions (2,6 %) � pouvoir de vote et de disposition partagé
  • 5AM Opportunities I, L.P. : 1 228 218 actions (1,0 %) � pouvoir de vote et de disposition partagé
  • Les membres gestionnaires Andrew J. Schwab et Dr. Kush Parmar partagent le contrôle sur l'ensemble des 4,42 millions d'actions

Implications : Le dépôt confirme que le groupe de capital-risque n'est plus classé comme « initié » sous le seuil de 5 %, ce qui pourrait réduire son influence sur la gouvernance. La vente importante pourrait engendrer une pression temporaire sur l'offre, mais les fonds conservent une position significative de 3,5 %, indiquant une exposition continue (quoique réduite) au portefeuille clinique de VOR.

Vor Biopharma Inc. (NASDAQ: VOR) � Schedule 13D/A Änderung Nr. 2 eingereicht am 9. Juli 2025

Der Venture-Investor 5AM Ventures und verbundene Einheiten haben offengelegt, dass sie ihren kollektiven wirtschaftlichen Eigentumsanteil unter die 5 %-Meldegrenze reduziert haben. Nach Verkäufen am offenen Markt am 8. Juli 2025 kontrolliert die Gruppe nun 4.422.863 Stammaktien, was 3,5 % der insgesamt 124.959.520 ausstehenden VOR-Aktien entspricht (laut dem 10-Q des Emittenten vom 14. Mai 2025).

Wesentliche Transaktionsdetails: 5AM Ventures VI, L.P. verkaufte 1.400.444 Aktien und 5AM Opportunities I, L.P. verkaufte 538.416 Aktien, insgesamt also 1.938.860 Aktien zu Preisen zwischen 2,40 und 3,00 US-Dollar (gewichteter Durchschnittspreis 2,4568 US-Dollar). Nach den Verkäufen sind die Einzelbeteiligungen:

  • 5AM Ventures VI, L.P.: 3.194.645 Aktien (2,6 %) � gemeinsames Stimm- und Verfügungsrecht
  • 5AM Opportunities I, L.P.: 1.228.218 Aktien (1,0 %) � gemeinsames Stimm- und Verfügungsrecht
  • Die geschäftsführenden Mitglieder Andrew J. Schwab und Dr. Kush Parmar teilen sich die Kontrolle über alle 4,42 Mio. Aktien

Auswirkungen: Die Meldung bestätigt, dass die Venture-Gruppe nicht mehr als „Insider� unterhalb der 5 %-Schwelle eingestuft wird, was ihren Einfluss auf die Unternehmensführung potenziell verringert. Der beträchtliche Verkauf könnte kurzfristig Angebotsdruck erzeugen, aber die Fonds halten weiterhin eine bedeutende Position von 3,5 %, was auf ein fortgesetztes (wenn auch reduziertes) Engagement in VORs klinischem Portfolio hinweist.

Positive
  • 5AM Ventures retains a 3.5 % stake, indicating continued—though diminished—confidence in VOR’s prospects
  • Sales were executed at prevailing market prices ($2.40�$3.00), avoiding a discounted block placement that could have signalled distress
Negative
  • 1.94 M shares sold in one day introduces potential short-term supply pressure on VOR’s share price
  • The venture group fell below the 5 % threshold, signalling a reduced strategic commitment and insider influence

Insights

TL;DR: 5AM Ventures sold 1.94 M shares, cutting stake to 3.5 %; insider exit pressure outweighs continued holding.

The amendment documents a material reduction by VOR’s largest early-stage backer. Moving below 5 % ends Section 16 insider status and may loosen future sale restrictions, paving the way for additional divestiture. The <$3 sale price suggests limited appetite above recent trading levels, which could cap near-term upside. However, 5AM keeps a sizable stake, implying residual confidence in Vor’s CD33-targeted hematologic pipeline. Overall signal skews negative for sentiment and float dynamics.

TL;DR: Venture fund exit raises float, but overhang partially cleared; neutral-to-slightly negative impact.

1.94 M shares equate to ~1.5 % of shares outstanding—large enough to influence short-term trading volumes, yet the orderly open-market execution limits discount risk. Exit below 5 % removes the requirement for future 13D filings; monitoring daily volumes is now essential. For long-term holders, reduced VC influence could lessen potential secondary supply, but the sale also removes a perceived vote of confidence. Net impact: modestly negative near term, neutral longer term pending drug-development catalysts.

Vor Biopharma Inc. (NASDAQ: VOR) � Modifica Schedule 13D/A n. 2 depositata il 9 luglio 2025

L'investitore di venture capital 5AM Ventures e le entità correlate hanno comunicato di aver ridotto la loro partecipazione complessiva al di sotto della soglia del 5% richiesta per la segnalazione. Dopo le vendite sul mercato aperto dell'8 luglio 2025, il gruppo detiene ora 4.422.863 azioni ordinarie, pari al 3,5% delle 124.959.520 azioni in circolazione di VOR (secondo il 10-Q dell'emittente del 14 maggio 2025).

Dettagli chiave della transazione: 5AM Ventures VI, L.P. ha venduto 1.400.444 azioni e 5AM Opportunities I, L.P. 538.416 azioni, per un totale combinato di 1.938.860 azioni a prezzi compresi tra 2,40 e 3,00 dollari (prezzo medio ponderato di 2,4568 dollari). Dopo le vendite, le partecipazioni individuali sono:

  • 5AM Ventures VI, L.P.: 3.194.645 azioni (2,6%) � potere di voto/dispositivo condiviso
  • 5AM Opportunities I, L.P.: 1.228.218 azioni (1,0%) � potere di voto/dispositivo condiviso
  • I membri gestori Andrew J. Schwab e il Dr. Kush Parmar condividono il controllo su tutte e 4,42 milioni di azioni

Implicazioni: La comunicazione conferma che il gruppo di venture capital non è più classificato come “insider� sotto la soglia del 5%, riducendo potenzialmente la sua influenza nella governance. La consistente vendita potrebbe generare una pressione temporanea sull'offerta, ma i fondi mantengono una posizione significativa del 3,5%, indicando un'esposizione continua (seppur ridotta) al portafoglio clinico di VOR.

Vor Biopharma Inc. (NASDAQ: VOR) � Enmienda 13D/A Nº 2 presentada el 9 de julio de 2025

El inversor de capital riesgo 5AM Ventures y entidades relacionadas revelaron que redujeron su propiedad colectiva beneficiaria por debajo del umbral de reporte del 5%. Tras ventas en el mercado abierto el 8 de julio de 2025, el grupo controla ahora 4.422.863 acciones ordinarias, equivalentes al 3,5% de las 124.959.520 acciones en circulación de VOR (según el 10-Q del emisor del 14 de mayo de 2025).

Detalles clave de la transacción: 5AM Ventures VI, L.P. vendió 1.400.444 acciones y 5AM Opportunities I, L.P. vendió 538.416 acciones, sumando un total combinado de 1.938.860 acciones a precios entre $2,40 y $3,00 (promedio ponderado de $2,4568). Tras las ventas, las participaciones individuales son:

  • 5AM Ventures VI, L.P.: 3.194.645 acciones (2,6%) � poder compartido de voto/disposición
  • 5AM Opportunities I, L.P.: 1.228.218 acciones (1,0%) � poder compartido de voto/disposición
  • Los miembros gestores Andrew J. Schwab y Dr. Kush Parmar comparten el control sobre las 4,42 millones de acciones

Implicaciones: La presentación confirma que el grupo de capital riesgo ya no se clasifica como “insider� bajo el umbral del 5%, lo que podría reducir su influencia en la gobernanza. La venta considerable podría generar presión temporal en la oferta, pero los fondos mantienen una posición significativa del 3,5%, señalando una exposición continua (aunque reducida) a la cartera clínica de VOR.

Vor Biopharma Inc. (NASDAQ: VOR) � 2025� 7� 9� 제출� Schedule 13D/A 수정� 2�

벤처 투자� 5AM Ventures � 관� 법인들이 � 보유 지분을 5% 보고 기준� 이하� 줄였�� 공시했습니다. 2025� 7� 8� 공개 시장 매도 이후, 해당 그룹은 현재 4,422,863� 보통주를 보유하고 있으�, 이는 VOR� � 124,959,520� � 3.5%� 해당합니� (발행사의 2025� 5� 14� 10-Q 보고� 기준).

주요 거래 내역: 5AM Ventures VI, L.P.가 1,400,444주를 매도했고, 5AM Opportunities I, L.P.� 538,416주를 매도하여 � 1,938,860주를 주당 $2.40~$3.00 범위(갶중평� $2.4568)� 매도했습니다. 매도 � 개별 보유 현황은 다음� 같습니다:

  • 5AM Ventures VI, L.P.: 3,194,645� (2.6%) � 공동 의결� � 처분� 보유
  • 5AM Opportunities I, L.P.: 1,228,218� (1.0%) � 공동 의결� � 처분� 보유
  • 운영 책임자인 Andrew J. Schwab와 Dr. Kush Parmar가 전체 442� 주에 대� 통제권을 공유

의미: 이번 공시� 벤처 그룹� 5% 기준� 아래� 내려가면서 � 이상 '내부�'� 분류되지 않음� 확인시켜 주며, 이는 거버넌스 영향력을 줄일 � 있습니다. 대규모 매도� 단기적인 공급 압박� 초래� � 있지�, 펀드들은 여전� 3.5%� 의미 있는 지분을 보유하여 VOR� 임상 파이프라인에 대� 지속적�(비록 축소�) 노출� 시사합니�.

Vor Biopharma Inc. (NASDAQ : VOR) � Amendement Schedule 13D/A n° 2 déposé le 9 juillet 2025

L'investisseur en capital-risque 5AM Ventures et les entités associées ont révélé qu'ils ont réduit leur participation bénéficiaire collective en dessous du seuil de déclaration de 5 %. Suite à des ventes sur le marché libre le 8 juillet 2025, le groupe contrôle désormais 4 422 863 actions ordinaires, soit 3,5 % des 124 959 520 actions en circulation de VOR (selon le 10-Q de l'émetteur du 14 mai 2025).

Détails clés de la transaction : 5AM Ventures VI, L.P. a vendu 1 400 444 actions et 5AM Opportunities I, L.P. a vendu 538 416 actions, pour un total combiné de 1 938 860 actions à des prix allant de 2,40 $ à 3,00 $ (prix moyen pondéré de 2,4568 $). Après ces ventes, les détentions individuelles sont les suivantes :

  • 5AM Ventures VI, L.P. : 3 194 645 actions (2,6 %) � pouvoir de vote et de disposition partagé
  • 5AM Opportunities I, L.P. : 1 228 218 actions (1,0 %) � pouvoir de vote et de disposition partagé
  • Les membres gestionnaires Andrew J. Schwab et Dr. Kush Parmar partagent le contrôle sur l'ensemble des 4,42 millions d'actions

Implications : Le dépôt confirme que le groupe de capital-risque n'est plus classé comme « initié » sous le seuil de 5 %, ce qui pourrait réduire son influence sur la gouvernance. La vente importante pourrait engendrer une pression temporaire sur l'offre, mais les fonds conservent une position significative de 3,5 %, indiquant une exposition continue (quoique réduite) au portefeuille clinique de VOR.

Vor Biopharma Inc. (NASDAQ: VOR) � Schedule 13D/A Änderung Nr. 2 eingereicht am 9. Juli 2025

Der Venture-Investor 5AM Ventures und verbundene Einheiten haben offengelegt, dass sie ihren kollektiven wirtschaftlichen Eigentumsanteil unter die 5 %-Meldegrenze reduziert haben. Nach Verkäufen am offenen Markt am 8. Juli 2025 kontrolliert die Gruppe nun 4.422.863 Stammaktien, was 3,5 % der insgesamt 124.959.520 ausstehenden VOR-Aktien entspricht (laut dem 10-Q des Emittenten vom 14. Mai 2025).

Wesentliche Transaktionsdetails: 5AM Ventures VI, L.P. verkaufte 1.400.444 Aktien und 5AM Opportunities I, L.P. verkaufte 538.416 Aktien, insgesamt also 1.938.860 Aktien zu Preisen zwischen 2,40 und 3,00 US-Dollar (gewichteter Durchschnittspreis 2,4568 US-Dollar). Nach den Verkäufen sind die Einzelbeteiligungen:

  • 5AM Ventures VI, L.P.: 3.194.645 Aktien (2,6 %) � gemeinsames Stimm- und Verfügungsrecht
  • 5AM Opportunities I, L.P.: 1.228.218 Aktien (1,0 %) � gemeinsames Stimm- und Verfügungsrecht
  • Die geschäftsführenden Mitglieder Andrew J. Schwab und Dr. Kush Parmar teilen sich die Kontrolle über alle 4,42 Mio. Aktien

Auswirkungen: Die Meldung bestätigt, dass die Venture-Gruppe nicht mehr als „Insider� unterhalb der 5 %-Schwelle eingestuft wird, was ihren Einfluss auf die Unternehmensführung potenziell verringert. Der beträchtliche Verkauf könnte kurzfristig Angebotsdruck erzeugen, aber die Fonds halten weiterhin eine bedeutende Position von 3,5 %, was auf ein fortgesetztes (wenn auch reduziertes) Engagement in VORs klinischem Portfolio hinweist.

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

FAQ

How many VOR shares did 5AM Ventures sell on 8 July 2025?

They sold 1,938,860 shares (1,400,444 by 5AM Ventures VI and 538,416 by 5AM Opportunities I).

What price range did the VOR shares trade at during the sale?

The shares were sold between $2.40 and $3.00, with a weighted-average price of $2.4568.

What is 5AM Ventures� new ownership percentage in Vor Biopharma (VOR)?

Post-sale, the group holds 3.5 % of outstanding shares, totaling 4,422,863 common shares.

Does 5AM Ventures still have insider status at VOR?

No. By dropping below the 5 % beneficial ownership threshold, the group is no longer classified as a Section 16 insider.

Could 5AM Ventures continue selling VOR shares?

Yes. Without the 5 % threshold, future sales will not require Schedule 13D amendments, so additional divestitures may occur without immediate public notice.
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