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    Amendment: SEC Form SC 13D/A filed by Tango Therapeutics Inc.

    9/4/24 8:45:40 PM ET
    $TNGX
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Get the next $TNGX alert in real time by email
    SC 13D/A 1 d857596dsc13da.htm SC 13D/A SC 13D/A

     

     

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, D.C. 20549

     

     

    SCHEDULE 13D

    UNDER THE SECURITIES EXCHANGE ACT OF 1934

    (Amendment No. 1)*

     

     

    Tango Therapeutics, Inc.

    (Name of Issuer)

    Common Stock, $0.001 par value

    (Class of Securities)

    87583X109

    (CUSIP Number)

    Kevin Gillis

    Third Rock Ventures, LLC

    201 Brookline Ave, Suite 1401, Boston, MA 02215

    (617) 585-2000

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

    August 30, 2024

    (Date of Event Which Requires Filing of Statement on Schedule 13D)

     

     

    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), checking the following box. ☐

     

    *

    The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

     

     

     


    CUSIP: 87583X109

     

     (1)    

     Name of Reporting Persons:

     

     Third Rock Ventures IV, L.P.

     (2)  

     Check the Appropriate Box if a Member of a Group (See Instructions):

     (a) ☐  (b) ☒

     

     (3)  

     SEC Use Only:

     

     (4)  

     Source of Funds (See Instructions):

     

     WC

     (5)  

     Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

     

     ☐

     (6)  

     Citizenship or Place of Organization:

     

     Delaware

    NUMBER OF

    SHARES

    BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

     

        (7)     

     Sole Voting Power

     

     0

        (8)   

     Shared Voting Power

     

     17,001,475

        (9)   

     Sole Dispositive Power

     

     0

       (10)   

     Shared Dispositive Power

     

     17,001,475

    (11)    

     Aggregate Amount Beneficially Owned by Each Reporting Person:

     

     17,001,475

    (12)  

     Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

     

     ☐

    (13)  

     Percent of Class Represented by Amount in Row (11):

     

     15.9%*

    (14)  

     Type of Reporting Person (See Instructions):

     

     PN

     

    *

    The percent of class was calculated based on 107,144,465 shares of common stock issued and outstanding as of August 1, 2024, as disclosed in the Issuer’s 10-Q filed with the Securities and Exchange Commission on August 7, 2024.


    CUSIP: 87583X109

     

     (1)    

     Name of Reporting Persons:

     

     Third Rock Ventures GP IV, L.P.

     (2)  

     Check the Appropriate Box if a Member of a Group (See Instructions):

     (a) ☐  (b) ☒

     

     (3)  

     SEC Use Only:

     

     (4)  

     Source of Funds (See Instructions):

     

     AF

     (5)  

     Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

     

     ☐

     (6)  

     Citizenship or Place of Organization:

     

     Delaware

    NUMBER OF

    SHARES

    BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

     

        (7)     

     Sole Voting Power

     

     0

        (8)   

     Shared Voting Power

     

     17,001,475

        (9)   

     Sole Dispositive Power

     

     0

       (10)   

     Shared Dispositive Power

     

     17,001,475

    (11)    

     Aggregate Amount Beneficially Owned by Each Reporting Person:

     

     17,001,475

    (12)  

     Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

     

     ☐

    (13)  

     Percent of Class Represented by Amount in Row (11):

     

     15.9%*

    (14)  

     Type of Reporting Person (See Instructions):

     

     PN

     

    *

    The percent of class was calculated based on 107,144,465 shares of common stock issued and outstanding as of August 1, 2024, as disclosed in the Issuer’s 10-Q filed with the Securities and Exchange Commission on August 7, 2024.


    CUSIP: 87583X109

     

     (1)    

     Name of Reporting Persons:

     

     TRV GP IV, LLC

     (2)  

     Check the Appropriate Box if a Member of a Group (See Instructions):

     (a) ☐  (b) ☒

     

     (3)  

     SEC Use Only:

     

     (4)  

     Source of Funds (See Instructions):

     

     AF

     (5)  

     Check Box if Disclosure of Legal Proceedings is Required Pursuant to Items 2(d) or 2(e):

     

     ☐

     (6)  

     Citizenship or Place of Organization:

     

     Delaware

    NUMBER OF

    SHARES

    BENEFICIALLY 

    OWNED BY

    EACH

    REPORTING

    PERSON

    WITH:

     

        (7)     

     Sole Voting Power

     

     0

        (8)   

     Shared Voting Power

     

     17,001,475

        (9)   

     Sole Dispositive Power

     

     0

       (10)   

     Shared Dispositive Power

     

     17,001,475

    (11)    

     Aggregate Amount Beneficially Owned by Each Reporting Person:

     

     17,001,475

    (12)  

     Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions):

     

     ☐

    (13)  

     Percent of Class Represented by Amount in Row (11):

     

     15.9%*

    (14)  

     Type of Reporting Person (See Instructions):

     

     OO

     

    *

    The percent of class was calculated based on 107,144,465 shares of common stock issued and outstanding as of August 1, 2024, as disclosed in the Issuer’s 10-Q filed with the Securities and Exchange Commission on August 7, 2024.


    CUSIP: 87583X109

     

    EXPLANATORY STATEMENT

    This Amendment No. 1(this “Amendment”) amends and supplements the Schedule 13D (the “Schedule 13D”) filed by the Reporting Persons on August 19, 2021, with respect to the shares of common stock, $0.001 par value per share (“Common Stock”), of Tango Therapeutics, Inc. (the “Company” or the “Issuer”). The transactions described in Item 5(c) resulted in a decrease of over one percent (1%) in the aggregate percentage ownership reported by the Reporting Persons in the Schedule 13D. Except as specifically provided herein, this Amendment does not modify any of the information previously reported in the Schedule 13D.

     

    ITEM 5.

    INTEREST IN SECURITIES OF THE ISSUER

    Item 5(a)-(c) is hereby amended and restated as follows:

    (a) As of August 30, 2024, TRV IV had shared voting and dispositive power with respect to 17,001,475 shares of the Issuer’s Common Stock, constituting approximately 15.9% of the Issuer’s outstanding Common Stock.

    As of August 30, 2024, Third Rock Ventures GP IV, L.P. (“TRV GP IV”), as the general partner of TRV IV may be deemed to have shared voting and dispositive power with respect to all 17,001,475 shares of the Issuer’s Common Stock owned by TRV IV, constituting approximately 15.9% of the Issuer’s outstanding Common Stock.

    As of August 30, 2024, TRV GP IV, LLC (“TRV GP IV LLC,” and collectively with TRV IV and TRV GP IV, the “Reporting Persons”), as the general partner of TRV GP IV may be deemed to have shared voting and dispositive power with respect to all 17,001,475 shares of the Issuer’s Common Stock owned by TRV IV, constituting approximately 15.9% of the Issuer’s outstanding Common Stock.

    The percent of class was calculated based on 107,144,465 shares of common stock issued and outstanding as of August 1, 2024, as disclosed in the Issuer’s 10-Q filed with the Securities and Exchange Commission on August 7, 2024.

    (b)

    Regarding the number of shares as to which such person has:

    (i) sole power to vote or to direct the vote: See line 7 of cover sheets

    (ii) shared power to vote or to direct the vote: See line 8 of cover sheets

    (iii) sole power to dispose or to direct the disposition: See line 9 of cover sheets.

    (iv) shared power to dispose or to direct the disposition: See line 10 of cover sheets

    (c) Except as set forth in the table below, no transactions in the Common Stock were effected by the Reporting Persons during the 60-day period ended August 30, 2024.

     

         Date      Amount of
    Securities
         Price per
    Share
         Where and
    How Effected
     

    TRV IV

         07/17/2024        550,171      $ 9.7903 *       Disposed in the Open Market  

    TRV IV

         07/18/2024        191,490      $ 9.8098        Disposed in the Open Market  

    TRV IV

         07/22/2024        262,740      $ 9.7819 *       Disposed in the Open Market  

    TRV IV

         07/23/2024        125,000      $ 9.7868 *       Disposed in the Open Market  

    TRV IV

         07/24/2024        200,000      $ 9.8158 *       Disposed in the Open Market  

    TRV IV

         07/25/2024        100,599      $ 9.8686 *       Disposed in the Open Market  

    TRV IV

         07/26/2024        50,000      $ 9.839 *       Disposed in the Open Market  

    TRV IV

         07/30/2024        95,000      $ 9.8012 *       Disposed in the Open Market  

    TRV IV

         07/31/2024        100,000      $ 9.9338 *       Disposed in the Open Market  

    TRV IV

         08/01/2024        40,000      $ 9.8        Disposed in the Open Market  

    TRV IV

         08/16/2024        135,000      $ 9.7885 *       Disposed in the Open Market  

    TRV IV

         08/19/2024        150,000      $ 10.0928 *       Disposed in the Open Market  

    TRV IV

         08/27/2024        25,000      $ 11.5466 *       Disposed in the Open Market  

    TRV IV

         08/30/2024        175,000      $ 11.5983        Disposed in the Open Market  

     

    *

    The price reported is a weighted average price. These shares were sold in multiple transactions.


    CUSIP: 87583X109

     

    SIGNATURE

    After reasonable inquiry and to the best of his knowledge and belief, the undersigned certifies that the information set forth in this Statement is true, complete and correct.

    Dated: September 4, 2024

     

    THIRD ROCK VENTURES IV, L.P.
    By:   THIRD ROCK VENTURES GP IV, L.P.,
    General Partner
    By:   TRV GP IV, LLC,
    General Partner
    By:  

    /s/ Kevin Gillis

      Kevin Gillis
      Chief Operating Officer
    THIRD ROCK VENTURES GP IV, L.P.
    By:   TRV GP IV, LLC,
      General Partner
    By:  

    /s/ Kevin Gillis

      Kevin Gillis
      Chief Operating Officer
    TRV GP IV, LLC
    By:  

    /s/ Kevin Gillis

      Kevin Gillis
      Chief Operating Officer
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    – 2L MTAP-del pancreatic cancer median progression free survival (mPFS) 7.2 months with an objective response rate (ORR) of 25% –  – Combination studies with RAS(ON) inhibitors ongoing, data anticipated 2026 –  – 49% ORR and mPFS 9.1 months in histology agnostic cohort of multiple late line, difficult to treat cancers provide further evidence of strong activity – – Company to hold conference call today at 8:30am ET –  BOSTON, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Tango Therapeutics, Inc. (NASDAQ:TNGX), a clinical-stage biotechnology company committed to discovering and delivering the next generation of precision cancer medicines, today announced positive data from its ongoing Phase 1/2 stud

    10/23/25 7:00:00 AM ET
    $TNGX
    Biotechnology: Pharmaceutical Preparations
    Health Care