RA CAPITAL MANAGEMENT, L.P. - 09 Feb 2026 Form 4 Insider Report for SpyGlass Pharma, Inc. (SGP)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
11 Feb 2026, 17:15:24 UTC
Prior SEC filing
05 Feb 2026
Next SEC filing
17 Feb 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Peter Kolchinsky, Manager of RA Capital Management, L.P.

Key filing fact

RA CAPITAL MANAGEMENT, L.P. filed Form 4 for SpyGlass Pharma, Inc. (SGP) on 11 Feb 2026.

Key facts

  • This page summarizes RA CAPITAL MANAGEMENT, L.P.'s Form 4 filing for SpyGlass Pharma, Inc. (SGP).
  • 10 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 11 Feb 2026, 17:15.

Change

  • Previous filing in this sequence was filed on 05 Feb 2026.
  • Current net transaction value: +$59,040,000.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (5)

CIK 0001346824 Primary reporting owner

RA CAPITAL MANAGEMENT, L.P.

Relationship
Director, 10%+ Owner
Address
200 BERKELEY STREET, 18TH FLOOR, BOSTON
Signature
/s/ Peter Kolchinsky, Manager of RA Capital Management, L.P.
Signature date
11 Feb 2026
CIK 0001315082

RA Capital Healthcare Fund LP

Relationship
Director, 10%+ Owner
Address
C/O RA CAPITAL MANAGEMENT, L.P., 200 BERKELEY STREET, 18TH FLOOR, BOSTON
Signature
/s/ Peter Kolchinsky, Manager of RA Capital Healthcare Fund GP, LLC, the General Partner of RA Capital Healthcare Fund, L.P.
Signature date
11 Feb 2026
CIK 0001883840

RA Capital Nexus Fund III, L.P.

Relationship
Director
Address
C/O RA CAPITAL MANAGEMENT, L.P., 200 BERKELEY STREET, 18TH FLOOR, BOSTON
Signature
/s/ Peter Kolchinsky, Manager of RA Capital Nexus Fund III GP, LLC, the General Partner of RA Capital Nexus Fund III, L.P.
Signature date
11 Feb 2026
CIK 0001384859

Kolchinsky Peter

Relationship
Director, 10%+ Owner
Address
C/O RA CAPITAL MANAGEMENT, L.P., 200 BERKELEY STREET, 18TH FLOOR, BOSTON
Signature
/s/ Peter Kolchinsky, individually
Signature date
11 Feb 2026
CIK 0001619841

Shah Rajeev M.

Relationship
Director, 10%+ Owner
Address
C/O RA CAPITAL MANAGEMENT, L.P., 200 BERKELEY STREET, 18TH FLOOR, BOSTON
Signature
/s/ Rajeev Shah, individually
Signature date
11 Feb 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SGP transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+2,524,473
Change %
Price
Shares after
2,524,473
Date
09 Feb 2026
Ownership
See footnotes
Footnotes
F1, F2, F3
SGP transaction

Common Stock

Conversion of derivative security

Transaction value
Shares
+1,806,644
Change %
Price
Shares after
1,806,644
Date
09 Feb 2026
Ownership
See footnotes
Footnotes
F1, F2, F4
SGP transaction

Common Stock

Purchase

Transaction value
$55,071,456
Shares
+3,441,966
Change %
+136%
Price
$16.00
Shares after
5,966,439
Date
09 Feb 2026
Ownership
See footnotes
Footnotes
F2, F3
SGP transaction

Common Stock

Purchase

Transaction value
$3,968,544
Shares
+248,034
Change %
+14%
Price
$16.00
Shares after
2,054,678
Date
09 Feb 2026
Ownership
See footnotes
Footnotes
F2, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

SGP transaction Derivative

Series C-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-1,150,941
Change %
-100%
Price
Shares after
0
Date
09 Feb 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
1,150,941
Exercise price
Footnotes
F1, F2, F3
SGP transaction Derivative

Series C-1 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-767,294
Change %
-100%
Price
Shares after
0
Date
09 Feb 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
767,294
Exercise price
Footnotes
F1, F2, F4
SGP transaction Derivative

Series C-2 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-1,150,941
Change %
-100%
Price
Shares after
0
Date
09 Feb 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
1,150,941
Exercise price
Footnotes
F1, F2, F3
SGP transaction Derivative

Series C-2 Preferred Stock

Conversion of derivative security

Transaction value
Shares
-767,294
Change %
-100%
Price
Shares after
0
Date
09 Feb 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
767,294
Exercise price
Footnotes
F1, F2, F4
SGP transaction Derivative

Series D Preferred Stock

Conversion of derivative security

Transaction value
Shares
-222,591
Change %
-100%
Price
Shares after
0
Date
09 Feb 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
222,591
Exercise price
Footnotes
F1, F2, F3
SGP transaction Derivative

Series D Preferred Stock

Conversion of derivative security

Transaction value
Shares
-272,056
Change %
-100%
Price
Shares after
0
Date
09 Feb 2026
Ownership
See footnotes
Underlying class
Common Stock
Underlying amount
272,056
Exercise price
Footnotes
F1, F2, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

All shares of the preferred stock, par value $0.00001 per share, of the Issuer automatically converted on a one-for-one basis to shares of the Issuer's common stock, par value $0.00001 per share ("Common Stock") immediately prior to the closing of the Issuer's initial public offering of its Common Stock.

Footnote F2

RA Capital Management, L.P. (the "Adviser") is the investment manager for RA Capital Healthcare Fund, L.P. (the "Fund") and RA Capital Nexus III Fund, L.P. (the "Nexus Fund III"). The general partner of the Adviser is RA Capital Management GP, LLC (the "Adviser GP"), of which Dr. Peter Kolchinsky and Mr. Rajeev Shah are the managing members. The Adviser, the Adviser GP, the Fund, the Nexus Fund III, Dr. Kolchinsky and Mr. Shah disclaim beneficial ownership of any of the reported securities, except to the extent of their pecuniary interest therein.

Footnote F3

Held directly by the Fund.

Footnote F4

Held directly by the Nexus Fund III.

SEC remarks

Dr. Zachary Scheiner, a Principal of the Adviser, serves on the Issuer's board of directors.

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