• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • Settings
  • RSS Feeds
PublishGo to App
    Quantisnow Logo

    © 2026 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI superconnector for talent & startupsNEWLLM Arena
    Legal
    Terms of usePrivacy policyCookie policy

    Amendment: SEC Form SCHEDULE 13D/A filed by Foghorn Therapeutics Inc.

    1/13/26 5:09:10 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Get the next $FHTX alert in real time by email



    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549


    SCHEDULE 13D

    Under the Securities Exchange Act of 1934

    (Amendment No. 2)


    FOGHORN THERAPEUTICS INC.

    (Name of Issuer)


    Common Stock, $0.0001 par value per share

    (Title of Class of Securities)


    344174107

    (CUSIP Number)


    Noubar B. Afeyan, Ph.D.
    Flagship Pioneering, 55 Cambridge Parkway, Suite 800E
    Cambridge, MA, 02142
    (617) 868-1888

    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
    01/09/2026

    (Date of Event Which Requires Filing of This Statement)


    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), check the following box. Checkbox not checked

    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).






    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Ventures Fund V, L.P.
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    WC
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    9,330,878.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    9,330,878.00
    11Aggregate amount beneficially owned by each reporting person

    9,330,878.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    15.9 %
    14Type of Reporting Person (See Instructions)

    PN



    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Ventures Fund V General Partner LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    9,330,878.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    9,330,878.00
    11Aggregate amount beneficially owned by each reporting person

    9,330,878.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    15.9 %
    14Type of Reporting Person (See Instructions)

    OO



    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Ventures Opportunities Fund I, L.P.
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    WC
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    1,491,441.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    1,491,441.00
    11Aggregate amount beneficially owned by each reporting person

    1,491,441.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    2.5 %
    14Type of Reporting Person (See Instructions)

    PN



    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Ventures Opportunities Fund I General Partner LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    1,491,441.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    1,491,441.00
    11Aggregate amount beneficially owned by each reporting person

    1,491,441.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    2.5 %
    14Type of Reporting Person (See Instructions)

    OO



    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Pioneering Special Opportunities Fund II, L.P.
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    WC
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    3,666,715.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    3,666,715.00
    11Aggregate amount beneficially owned by each reporting person

    3,666,715.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    3.2 %
    14Type of Reporting Person (See Instructions)

    PN

    Comment for Type of Reporting Person:
    The amounts reported in rows (8), (10) and (11) include 1,814,914 shares underlying pre-funded warrants issued May 22, 2024 (the "2024 Pre-Funded Warrants"). The 2024 Pre-Funded Warrants are immediately exercisable; however, a holder of 2024 Pre-Funded Warrants may not exercise the 2024 Pre-Funded Warrant if the holder, together with its affiliates, would collectively beneficially own more than 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such exercise. As such, the shares of Common Stock underlying 2024 Pre-Funded Warrants are excluded from the percent of class reported in row (13).


    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Pioneering Special Opportunities Fund II General Partner LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    3,666,715.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    3,666,715.00
    11Aggregate amount beneficially owned by each reporting person

    3,666,715.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    3.2 %
    14Type of Reporting Person (See Instructions)

    OO

    Comment for Type of Reporting Person:
    The amounts reported in rows (8), (10) and (11) include 1,814,914 shares underlying 2024 Pre-Funded Warrants. The 2024 Pre-Funded Warrants are immediately exercisable; however, a holder of 2024 Pre-Funded Warrants may not exercise the 2024 Pre-Funded Warrant if the holder, together with its affiliates, would collectively beneficially own more than 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such exercise. As such, the shares of Common Stock underlying 2024 Pre-Funded Warrants are excluded from the percent of class reported in row (13).


    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Pioneering Fund VII, L.P.
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    WC
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    6,285,851.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    6,285,851.00
    11Aggregate amount beneficially owned by each reporting person

    6,285,851.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    7.1 %
    14Type of Reporting Person (See Instructions)

    PN

    Comment for Type of Reporting Person:
    The amounts reported in rows (8), (10) and (11) include 1,814,915 shares underlying 2024 Pre-Funded Warrants. The 2024 Pre-Funded Warrants are immediately exercisable; however, a holder of 2024 Pre-Funded Warrants may not exercise the 2024 Pre-Funded Warrant if the holder, together with its affiliates, would collectively beneficially own more than 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such exercise. As such, the shares of Common Stock underlying 2024 Pre-Funded Warrants are excluded from the percent of class reported in row (13). The amounts reported in rows (8), (10) and (11) include all of the shares underlying the 2026 Pre-Funded Warrants, Series 1 Warrants and Series 2 Warrants (as defined and described below).


    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Pioneering Fund VII General Partner LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    6,285,851.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    6,285,851.00
    11Aggregate amount beneficially owned by each reporting person

    6,285,851.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    7.1 %
    14Type of Reporting Person (See Instructions)

    OO

    Comment for Type of Reporting Person:
    The amounts reported in rows (8), (10) and (11) include 1,814,915 shares underlying 2024 Pre-Funded Warrants. The 2024 Pre-Funded Warrants are immediately exercisable; however, a holder of 2024 Pre-Funded Warrants may not exercise the 2024 Pre-Funded Warrant if the holder, together with its affiliates, would collectively beneficially own more than 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such exercise. As such, the shares of Common Stock underlying 2024 Pre-Funded Warrants are excluded from the percent of class reported in row (13). The amounts reported in rows (8), (10) and (11) include all of the shares underlying the 2026 Pre-Funded Warrants, Series 1 Warrants and Series 2 Warrants (as defined and described below).


    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Flagship Pioneering, LLC
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    DELAWARE
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    9,952,566.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    9,952,566.00
    11Aggregate amount beneficially owned by each reporting person

    9,952,566.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    10.0 %
    14Type of Reporting Person (See Instructions)

    OO

    Comment for Type of Reporting Person:
    The amounts reported in rows (8), (10) and (11) include an aggregate of 3,629,829 shares underlying 2024 Pre-Funded Warrants. The 2024 Pre-Funded Warrants are immediately exercisable; however, a holder of 2024 Pre-Funded Warrants may not exercise the 2024 Pre-Funded Warrant if the holder, together with its affiliates, would collectively beneficially own more than 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such exercise. As such, the shares of Common Stock underlying 2024 Pre-Funded Warrants are excluded from the percent of class reported in row (13). The amounts reported in rows (8), (10) and (11) include all of the shares underlying the 2026 Pre-Funded Warrants, Series 1 Warrants and Series 2 Warrants (as defined and described below).


    SCHEDULE 13D

    CUSIP No.
    344174107


    1 Name of reporting person

    Noubar Afeyan
    2Check the appropriate box if a member of a Group (See Instructions)

    Checkbox not checked  (a)
    Checkbox checked  (b)
    3SEC use only
    4 Source of funds (See Instructions)

    AF
    5 Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

    Checkbox not checked
    6Citizenship or place of organization

    UNITED STATES
    Number of Shares Beneficially Owned by Each Reporting Person With:
    7Sole Voting Power

    0.00
    8Shared Voting Power

    20,774,885.00
    9Sole Dispositive Power

    0.00
    10Shared Dispositive Power

    20,774,885.00
    11Aggregate amount beneficially owned by each reporting person

    20,774,885.00
    12Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

    Checkbox not checked
    13Percent of class represented by amount in Row (11)

    27.2 %
    14Type of Reporting Person (See Instructions)

    IN

    Comment for Type of Reporting Person:
    The amounts reported in rows (8), (10) and (11) include an aggregate of 3,629,829 shares underlying 2024 Pre-Funded Warrants. The 2024 Pre-Funded Warrants are immediately exercisable; however, a holder of 2024 Pre-Funded Warrants may not exercise the 2024 Pre-Funded Warrant if the holder, together with its affiliates, would collectively beneficially own more than 9.99% of the number of shares of Common Stock outstanding immediately after giving effect to such exercise. As such, the shares of Common Stock underlying 2024 Pre-Funded Warrants are excluded from the percent of class reported in row (13). The amounts reported in rows (8), (10) and (11) include all of the shares underlying the 2026 Pre-Funded Warrants, Series 1 Warrants and Series 2 Warrants (as defined and described below).


    SCHEDULE 13D

    Item 1.Security and Issuer
    (a)Title of Class of Securities:

    Common Stock, $0.0001 par value per share
    (b)Name of Issuer:

    FOGHORN THERAPEUTICS INC.
    (c)Address of Issuer's Principal Executive Offices:

    500 Technology Square, Ste 700, Cambridge, MASSACHUSETTS , 02139.
    Item 1 Comment:
    This Amendment No. 2 (this "Amendment") amends and supplements the Schedule 13D filed by the Reporting Persons on October 29, 2020, as amended from time to time (the "Schedule 13D") with respect to the shares of common stock, $0.0001 par value per share ("Common Stock"), of Foghorn Therapeutics Inc. (the "Issuer" or the "Company"). 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
    (a)
    The information set forth in rows 7 through 13 of the cover pages to this Schedule 13D is incorporated by reference. The ownership percentages reported are based on (i) 58,573,191 outstanding shares of Common Stock, as reported in the Issuer's prospectus supplement filed on January 12, 2026, plus (ii) the shares of Common Stock underlying Warrants held by the Reporting Persons that are currently exercisable. Flagship Ventures Fund V, L.P. ("Flagship Fund V") directly holds 9,330,878 shares of Common Stock. Flagship Ventures Fund V General Partner LLC ("Flagship Fund V GP"), as the general partner of Flagship Fund V, may be deemed to beneficially own the shares directly held by Flagship Fund V. Flagship Ventures Opportunities Fund I, L.P. ("Flagship Opportunities Fund I") directly holds 1,491,441 shares of Common Stock. Flagship Ventures Opportunities Fund I General Partner LLC ("Flagship Opportunities Fund I GP"), as the general partner of Flagship Opportunities Fund I, may be deemed to beneficially own the shares directly held by Flagship Opportunities Fund I. Flagship Pioneering Special Opportunities Fund II, L.P. ("Flagship Opportunities Fund II") may be deemed to beneficially own 3,666,715 shares of Common Stock, consisting of (i) 1,851,801 shares of Common Stock and (ii) 1,814,914 shares of Common Stock underlying pre-funded warrants issued May 22, 2024 (the "2024 Pre-Funded Warrants"). Flagship Pioneering Special Opportunities Fund II General Partner LLC ("Flagship Opportunities Fund II GP"), as the general partner of Flagship Opportunities Fund II, and Flagship Pioneering, LLC (f/k/a Flagship Pioneering, Inc., "Flagship Pioneering"), as the manager of Flagship Opportunities Fund II GP, may be deemed to beneficially own the shares beneficially owned by Flagship Opportunities Fund II. Flagship Pioneering Fund VII, L.P. ("Flagship Fund VII" and together with Flagship Fund V, Flagship Opportunities Fund I and Flagship Opportunities Fund II, the "Flagship Funds") may be deemed to beneficially own (i) 1,814,915 shares of Common Stock underlying 2024 Pre-Funded Warrants, (ii) 2,235,468 shares of Common Stock underlying pre-funded warrants issued January 13, 2026 (the "2026 Pre-Funded Warrants"), (iii) 1,117,734 shares of Common Stock underlying Series 1 Warrants and (iv) 1,117,734 shares of Common Stock underlying Series 2 Warrants (together with the Series 1 Warrants, the "Series Warrants"). Flagship Pioneering Fund VII General Partner LLC ("Flagship Fund VII GP"), as the general partner of Flagship Fund VII, and Flagship Pioneering, and the manager of Flagship Fund VII GP, may be deemed to beneficially own the shares beneficially owned by Flagship Fund VII. The exercise of 2024 Pre-Funded Warrants held by the Flagship Funds is subject to a 9.99% beneficial ownership limitation, as previously described in Item 6 of the Schedule 13D; as such, the shares of Common Stock underlying 2024 Pre-Funded Warrants are excluded from the percent of class reported herein. Dr. Afeyan, as the sole manager of Flagship Fund V GP and Flagship Opportunities Fund I GP, and as the ultimate control person of Flagship Pioneering, may be deemed to beneficially own the shares directly held by the Flagship Funds.
    (b)
    See Item 5(a).
    (c)
    On January 13, 2026, pursuant to a registered direct offering of the Issuer (the "January 2026 Offering"), Flagship Fund VII acquired warrants to purchase an aggregate of 4,470,936 shares of Common Stock, consisting of (i) 2026 Pre-Funded Warrants to purchase 2,235,468 shares of Common Stock, (ii) Series 1 Warrants to purchase 1,117,734 shares of Common Stock and (iii) Series 2 Warrants to purchase 1,117,734 shares of Common Stock. The securities were purchased for an aggregate purchase price of $14,999,990.28, using funds from working capital.
    Item 6.Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
     
    Item 6 of the Schedule 13D is hereby amended to include the following: Purchase Agreement and Warrants On January 9, 2026, the Company entered into securities purchase agreements (the "Purchase Agreements") with certain investors (the "Investors"), including Flagship Fund VII, relating to the issuance and sale of 2,030,314 shares of its common stock, par value $0.0001 per share ("Common Stock") and, in lieu of Common Stock, 2026 Pre-Funded Warrants to purchase 5,421,250 shares of Common Stock. The Company sold the shares of Common Stock and 2026 Pre-Funded Warrants together with two series of warrants, Series 1 Warrants and Series 2 Warrants, to purchase an aggregate of 7,451,564 shares of the Common Stock. The 2026 Pre-Funded Warrants are exercisable immediately upon issuance at an initial exercise price of $0.0001 per share and have a term of 20 years. The shares of Common Stock, or 2026 Pre-Funded Warrants, and the accompanying Series Warrants are immediately separable and were issued separately, but were purchased together in the January 2026 Offering. The Series Warrants are immediately exercisable. Each Series 1 Warrant has an initial exercise price of $13.42 per share of Common Stock, subject to certain adjustments, and expires on June 30, 2027. Each Series 2 Warrant has an initial exercise price of $20.13 per share of Common Stock, subject to certain adjustments, and expires on December 31, 2030. For the Series Warrants, the Investor may elect to receive, in lieu of shares of Common Stock, pre-funded warrants to purchase an equivalent number of shares of Common Stock. The number of shares of Common Stock purchasable upon the exercise of the 2026 Pre-Funded Warrants, Series 1 Warrants and Series 2 Warrants is limited to the extent necessary to ensure that, following such exercise, the total number of shares of Common Stock then beneficially owned by the holder and its affiliates does not exceed 19.99% (but only if exceeding such limit would result in a change of control under Nasdaq Listing Rule 5635(b) or any successor rule) of the total number of then issued and outstanding shares of Common Stock (including for such purpose the shares of Common Stock issuable upon such exercise). Subject to certain exclusions, if, prior to the June 30, 2027, the Company sells shares of capital stock or derivative securities convertible into or exercisable for capital stock in one or more related transactions primarily for the purpose of raising capital at a Weighted-Average Price (as described below) below $13.42 per share, then the initial exercise price of a Series Warrant will be automatically reset upon exercise to an exercise price (the "Adjusted Exercise Price") that is the midpoint between the initial exercise price and the lowest Weighted-Average Price per share at which the Company sells capital stock or derivative securities convertible into or exercisable for capital stock in a subsequent offering prior to the exercise date; provided, however, that the Adjusted Exercise Price will not be reduced below $6.71 per share. The "Weighted-Average Price" shall be calculated as the weighted-average common stock equivalent price of the equity securities sold in such transaction(s) (excluding any derivative securities with an exercise or conversion price that is above the closing sale price as of the time of pricing such offering(s)). In no event will the exercise price for a Series Warrant be adjusted more than once pursuant to this adjustment mechanism. The offering price for the shares of Common Stock is $6.71 per share (or $6.7099 for each 2026 Pre-Funded Warrant, which equals the price per share of the Common Stock less the exercise price of the 2026 Pre-Funded Warrants). The aggregate gross proceeds to the Company from this offering were approximately $50.0 million, excluding any proceeds the Company may receive upon exercise of the 2026 Pre-Funded Warrants and Series Warrants. No underwriter or placement agent participated in the offering. The number of shares of Common Stock purchasable upon the exercise of the 2026 Pre-Funded Warrants and the exercise price and the number of shares of Common Stock purchasable upon the exercise of the Series Warrants are subject to adjustment upon the occurrence of specific events, including stock dividends, stock splits, reclassifications and combinations of the Company's Common Stock. The offering was made pursuant to an effective registration statement on Form S-3 (Registration Statement No. 333-284476), as previously filed with the Securities and Exchange Commission, and a related prospectus. The January 2026 Offering closed on January 13, 2026. The Purchase Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Investors. The representations, warranties and covenants contained in the Purchase Agreement were made only for purposes of such agreements and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by the contracting parties. The form of Purchase Agreement, form of 2026 Pre-Funded Warrant and the form of Series Warrant are filed as Exhibit 99.7, Exhibit 99.8 and Exhibit 99.9, respectively, and the description of the terms of the Purchase Agreement, the 2026 Pre-Funded Warrants and the Series Warrants are qualified in their entirety by reference to such exhibit.
    Item 7.Material to be Filed as Exhibits.
     
    Exhibit 99.7: Form of Securities Purchase Agreement between the Company and the Investors, dated January 9, 2026 (incorporated by reference to Exhibit 99.3 to the Issuer's Current Report on Form 8-K, filed January 12, 2026). Exhibit 99.8: Form of 2026 Pre-Funded Warrant (incorporated by reference to Exhibit 4.2 to the Issuer's Current Report on Form 8-K, filed January 12, 2026). Exhibit 99.9: Form of Series Warrant (incorporated by reference to Exhibit 4.1 to the Issuer's Current Report on Form 8-K, filed January 12, 2026).

        SIGNATURE 
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     
    Flagship Ventures Fund V, L.P.
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Manager of General Partner
    Date:01/13/2026
     
    Flagship Ventures Fund V General Partner LLC
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Manager
    Date:01/13/2026
     
    Flagship Ventures Opportunities Fund I, L.P.
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Manager of General Partner
    Date:01/13/2026
     
    Flagship Ventures Opportunities Fund I General Partner LLC
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Manager
    Date:01/13/2026
     
    Flagship Pioneering Special Opportunities Fund II, L.P.
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Sole Member and Manager of Manager of Manager of General Partner
    Date:01/13/2026
     
    Flagship Pioneering Special Opportunities Fund II General Partner LLC
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Sole Member and Manager of Manager of Manager
    Date:01/13/2026
     
    Flagship Pioneering Fund VII, L.P.
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Sole Member and Manager of Manager of Manager of General Partner
    Date:01/13/2026
     
    Flagship Pioneering Fund VII General Partner LLC
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Sole Member and Manager of Manager of Manager
    Date:01/13/2026
     
    Flagship Pioneering, LLC
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D., Sole Member and Manager of Manager
    Date:01/13/2026
     
    Noubar Afeyan
     
    Signature:/s/ Noubar B. Afeyan, Ph.D.
    Name/Title:Noubar B. Afeyan, Ph.D.
    Date:01/13/2026
    Get the next $FHTX alert in real time by email

    Crush Q1 2026 with the Best AI Superconnector

    Stay ahead of the competition with Standout.work - your AI-powered talent-to-startup matching platform.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Standout.work

    Recent Analyst Ratings for
    $FHTX

    DatePrice TargetRatingAnalyst
    12/18/2025$11.00Buy
    BTIG Research
    11/7/2025$12.00Buy
    Guggenheim
    9/17/2025$10.00Buy
    B. Riley Securities
    4/23/2025$9.00Mkt Outperform
    Citizens JMP
    1/30/2025$10.00Buy
    B. Riley Securities
    9/3/2024$18.00Buy
    Jefferies
    8/19/2024$20.00Outperform
    Evercore ISI
    3/28/2023$10.00Buy
    BofA Securities
    More analyst ratings

    $FHTX
    Press Releases

    Fastest customizable press release news feed in the world

    View All

    Foghorn Therapeutics Announces Closing of $50 Million Registered Direct Financing at a 30% Premium

    WATERTOWN, Mass., Jan. 13, 2026 (GLOBE NEWSWIRE) -- Foghorn® Therapeutics Inc. (NASDAQ:FHTX), a clinical-stage biotechnology company pioneering a new class of medicines that treat serious diseases by correcting abnormal gene expression, today announced the closing of its $50 million registered direct financing at a 30% premium. The registered direct offering included the sale of 2,030,314 shares of common stock at $6.71 per share (issue price). Certain investors received pre-funded warrants to purchase up to 5,421,250 shares at $6.7099 each, which reflects the share price minus a nominal exercise cost of $0.0001 per share. The offering also included series warrants to buy up to 3,725,782 s

    1/13/26 4:05:00 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    Foghorn Therapeutics Highlights January Equity Financing, Program Progress and Strategic Objectives for 2026

    Recently raised $50 million with BVF Partners, Deerfield Management, founding investor Flagship Pioneering and a leading biotech mutual fund in a transaction that will close January 13th, 2026 Phase 1 dose-escalation trial of FHD-909 (LY4050784) advancing as planned, targeting SMARCA4 (BRG1)-mutant cancers with a focus on non-small cell lung cancer (NSCLC) Selective CBP degrader program with potential in ER+ breast cancer on track to be IND-ready in 2026 Selective EP300 degrader program shows preclinical superior anti-tumor efficacy and tolerability over dual CBP/EP300; tracking to IND-enabling studies in 2026 Strong balance sheet with cash, cash equivalents, and marketable securities

    1/9/26 10:20:09 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    Platform Technologies Drive $211B Surge in Precision Cancer Treatment

    Issued on behalf of GT Biopharma, Inc. VANCOUVER, BC, Dec. 11, 2025 /PRNewswire/ -- Equity Insider News Commentary – November's wave of FDA oncology approvals signals the industry's shift toward platform-based precision therapies over broad-spectrum approaches[1]. The global anticancer drug market now values immunotherapies at over 45% of total cancer drug revenues, reflecting investor confidence in technologies that engineer specific biological outcomes[2]. Companies deploying proprietary platforms to target previously undruggable proteins are capturing premium valuations as the sector pivots toward modularity and rapid reuse of validated mechanisms, creating momentum for GT Biopharma, Inc.

    12/11/25 10:17:00 AM ET
    $ERAS
    $FHTX
    $GTBP
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Biotechnology: Commercial Physical & Biological Resarch
    Biotechnology: Biological Products (No Diagnostic Substances)

    $FHTX
    SEC Filings

    View All

    Amendment: SEC Form SCHEDULE 13D/A filed by Foghorn Therapeutics Inc.

    SCHEDULE 13D/A - Foghorn Therapeutics Inc. (0001822462) (Subject)

    1/13/26 5:09:10 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    SEC Form 424B5 filed by Foghorn Therapeutics Inc.

    424B5 - Foghorn Therapeutics Inc. (0001822462) (Filer)

    1/12/26 4:48:38 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    Foghorn Therapeutics Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure

    8-K - Foghorn Therapeutics Inc. (0001822462) (Filer)

    1/12/26 8:50:28 AM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    $FHTX
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    View All

    BTIG Research initiated coverage on Foghorn Therapeutics with a new price target

    BTIG Research initiated coverage of Foghorn Therapeutics with a rating of Buy and set a new price target of $11.00

    12/18/25 9:11:03 AM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    Guggenheim initiated coverage on Foghorn Therapeutics with a new price target

    Guggenheim initiated coverage of Foghorn Therapeutics with a rating of Buy and set a new price target of $12.00

    11/7/25 8:30:10 AM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    B. Riley Securities resumed coverage on Foghorn Therapeutics with a new price target

    B. Riley Securities resumed coverage of Foghorn Therapeutics with a rating of Buy and set a new price target of $10.00

    9/17/25 8:09:57 AM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    $FHTX
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    View All

    SEC Form 4 filed by Chief Financial Officer Humer Kristian

    4 - Foghorn Therapeutics Inc. (0001822462) (Issuer)

    11/17/25 4:01:17 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    SEC Form 4 filed by Director Smith Ian F

    4 - Foghorn Therapeutics Inc. (0001822462) (Issuer)

    6/17/25 4:29:40 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    SEC Form 4 filed by Director Parshall B Lynne

    4 - Foghorn Therapeutics Inc. (0001822462) (Issuer)

    6/17/25 4:29:16 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    $FHTX
    Leadership Updates

    Live Leadership Updates

    View All

    Ajit Singh Appointed CEO of Harbinger Health and CEO-Partner of Flagship Pioneering

    Stephen Hahn to Transition to CEO Emeritus and Special Advisor and remain on Harbinger's board CAMBRIDGE, Mass., Aug. 11, 2025 /PRNewswire/ -- Flagship Pioneering, the bioplatform innovation company, and Harbinger Health, a biotechnology company pioneering the detection of early cancer, today announced the appointment of Ajit Singh, Ph.D. as CEO-Partner of Flagship and the new CEO of Harbinger.  Dr. Singh, a veteran of the diagnostics industry, will also continue as a Harbinger board member, a role he has held since 2024. Dr. Singh succeeds Stephen Hahn, M.D., who will transition from his role as CEO and remain closely involved with the company as CEO Emeritus and Special Advisor. He will co

    8/11/25 12:00:00 PM ET
    $FHTX
    $MRNA
    $SANA
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Biotechnology: Biological Products (No Diagnostic Substances)

    Ted Myles Joins Cellarity as Chief Executive Officer

    Myles, a Biopharma Industry Veteran, Will Also Join Flagship Pioneering as a CEO-Partner CAMBRIDGE, Mass., May 12, 2025 /PRNewswire/ -- Cellarity, a life sciences company transforming the way medicines are created, and Flagship Pioneering, the bioplatform innovation company, today announced the appointment of Ted Myles as Chief Executive Officer of Cellarity and CEO-Partner at Flagship. Myles is a seasoned biopharma leader with deep experience and a track record for building clinical and commercial-stage companies. Previously, he was Chief Financial Officer and Chief Operating

    5/12/25 8:00:00 AM ET
    $FHTX
    $MRNA
    $SANA
    Biotechnology: Pharmaceutical Preparations
    Health Care
    Biotechnology: Biological Products (No Diagnostic Substances)

    Foghorn Therapeutics Appoints Neil Gallagher and Stuart Duty to its Board of Directors

    CAMBRIDGE, Mass., May 01, 2025 (GLOBE NEWSWIRE) -- Foghorn® Therapeutics Inc. (NASDAQ:FHTX), a clinical-stage biotechnology company pioneering a new class of medicines that treat serious diseases by correcting abnormal gene expression, today announced the election of Neil Gallagher, M.D., Ph.D., and Stuart Duty, to its Board of Directors. "Neil and Stuart are experienced leaders with decades of deep and multifaceted understanding of the biotechnology industry," said Adrian Gottschalk, President and Chief Executive Officer of Foghorn. "We are pleased to welcome them to our Board of Directors and will leverage their strategic insights as we further advance our pipeline." Dr. Gallagher

    5/1/25 7:00:00 AM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    $FHTX
    Financials

    Live finance-specific insights

    View All

    Foghorn Therapeutics Presents New Preclinical Data on Potential First-in-Class BRM Selective Inhibitor FHD-909 and Selective CBP and Selective EP300 Degrader Oncology Programs

    First-in class BRM (SMARCA2) selective inhibitor FHD-909 demonstrated favorable tolerability and dose-dependent single agent activity in BRG1 mutated cancers preclinically; IND filing on track for Q2 2024 Robust preclinical monotherapy anti-tumor activity for both selective CBP and selective EP300 degrader programs Progress with FHD-909, selective CBP, and selective EP300 degrader programs further validates Foghorn's drug discovery engine Conference call and webcast today at 5 pm ET / 2 pm PT CAMBRIDGE, Mass., April 09, 2024 (GLOBE NEWSWIRE) -- Foghorn® Therapeutics Inc. (NASDAQ:FHTX), a clinical-stage biotechnology company pioneering a new class of medicines that treat serious diseas

    4/9/24 4:30:00 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    Foghorn to Host Conference Call and Webcast on Pipeline of Potential First-in-Class Medicines in Conjunction with the 2024 AACR Annual Meeting

    Company management will review key pipeline programs, including an update on FHD-286 for AML, new preclinical data for the BRM selective inhibitor FHD-909 and for its selective CBP and EP300 degrader programs Conference call and webcast on April 9th at 5 p.m. ET / 2 p.m. PT CAMBRIDGE, Mass., March 26, 2024 (GLOBE NEWSWIRE) -- March 26, 2024 -- Foghorn® Therapeutics Inc. (NASDAQ:FHTX), a clinical-stage biotechnology company pioneering a new class of medicines that treat serious diseases by correcting abnormal gene expression, today announced plans to host a conference call and webcast on April 9th at 5 p.m. ET / 2 p.m. PT. Foghorn management will review key programs in its pipeline, inclu

    3/26/24 7:00:00 AM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    $FHTX
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    View All

    Amendment: SEC Form SC 13G/A filed by Foghorn Therapeutics Inc.

    SC 13G/A - Foghorn Therapeutics Inc. (0001822462) (Subject)

    10/8/24 5:44:34 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    SEC Form SC 13G filed by Foghorn Therapeutics Inc.

    SC 13G - Foghorn Therapeutics Inc. (0001822462) (Subject)

    9/20/24 6:00:44 PM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care

    SEC Form SC 13G/A filed by Foghorn Therapeutics Inc. (Amendment)

    SC 13G/A - Foghorn Therapeutics Inc. (0001822462) (Subject)

    6/10/24 9:48:22 AM ET
    $FHTX
    Biotechnology: Pharmaceutical Preparations
    Health Care