STOCK TITAN

TCG Crossover group reports 9.9% stake in Editas Medicine (EDIT) after offering

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

Editas Medicine, Inc. ownership disclosure: TCG Crossover III entities and Chen Yu report shared beneficial ownership of 15,798,999 shares of Common Stock, representing 9.9% of the class. The total counts include 11,111,111 issued shares plus 4,687,888 shares issuable upon warrants exercisable within 60 days. The filing cites 153,461,838 shares outstanding as of May 27, 2026 following an underwritten offering, and a combined basis of 158,149,726 shares when the exercisable warrants are included.

The reporting persons note a Beneficial Ownership Limitation that prevents exercise of certain warrants to the extent doing so would push ownership above 9.99%. The filing is a joint Schedule 13G by TCG Crossover Fund III, L.P., TCG Crossover GP III, LLC and Chen Yu and includes a joint filing agreement.

Positive

  • None.

Negative

  • None.

Insights

TCG group reports a near-10% stake tied to exercisable warrants.

The Schedule 13G shows 15,798,999 shares of beneficial ownership reported as 9.9%, which combines issued shares and 4,687,888 warrant-derived shares exercisable within 60 days. The filing cites an outstanding share base of 153,461,838 as of May 27, 2026.

Because a Beneficial Ownership Limitation caps exercisability at 9.99%, additional warrants are excluded from the immediate exercisable count. Subsequent filings or exercises will clarify any change in public float or ownership percentage.

Beneficial ownership reported 15,798,999 shares combined holdings reported by TCG Crossover III and Chen Yu
Percent of class 9.9% reported percentage of common stock beneficially owned
Issued shares included 11,111,111 shares issued Common Stock included in the reported total
Exercisable warrant shares 4,687,888 shares Common Stock underlying warrants exercisable within 60 days
Warrants excluded due to limitation 6,423,223 shares warrant shares not exercisable within 60 days due to Beneficial Ownership Limitation
Shares outstanding as of 153,461,838 shares outstanding following the offering closed May 27, 2026
Combined basis for percent 158,149,726 shares 153,461,838 outstanding plus 4,687,888 exercisable warrants
Beneficial Ownership Limitation regulatory
"which may not be exercised for Common Stock to the extent that doing so would result in the holder"
A beneficial ownership limitation is a rule that caps the percentage of a company’s shares an investor can be treated as owning or controlling for voting, regulatory or tax purposes. It matters to investors because it can restrict how many shares a person or group can buy or vote, affect takeover chances, and influence share liquidity and value — like a speed limit that prevents any single driver from taking over the whole road.
Common Stock Warrants financial
"shares of Common Stock underlying Common Stock Warrants which are exercisable within 60 days"
Common stock warrants are tradable certificates that give the holder the right, but not the obligation, to buy a company’s common shares at a fixed price before a specified expiration date. They work like long-term options issued by the company and can provide cheaper, leveraged exposure to a stock’s potential upside; however, if holders use the warrants to buy shares, the total number of shares increases, which can dilute the value of existing shares.
Shared Dispositive Power regulatory
"Shared Dispositive Power 15,798,999.00"
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FAQ

What stake does TCG Crossover III hold in Editas Medicine (EDIT)?

TCG Crossover III reports beneficial ownership of 15,798,999 shares, equal to 9.9% of Editas' common stock based on the filing's stated share counts and exercisable warrants.

How many warrant-derived shares are exercisable within 60 days?

The filing identifies 4,687,888 shares of Common Stock underlying warrants that are exercisable within 60 days, and these are included in the beneficial ownership total reported.

What is the Beneficial Ownership Limitation described in the filing?

A 9.99% Beneficial Ownership Limitation prevents exercise of certain warrants if doing so would cause beneficial ownership to exceed 9.99%, excluding 6,423,223 warrant shares from near-term exercisability.

What is the share count basis used to calculate the percentage ownership?

The percentage is based on 153,461,838 shares outstanding as of May 27, 2026 following the offering, plus the 4,687,888 exercisable-warrant shares for a combined basis of 158,149,726 shares.





28106W103

(CUSIP Number)
05/27/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G




Comment for Type of Reporting Person: Consists of (a) 11,111,111 shares of Common Stock and (b) 4,687,888 shares of Common Stock underlying Common Stock Warrants (the Common Stock Warrants) which are exercisable within 60 days of this Statement. These securities are held of record by TCG Crossover III (as defined in Item 2(a) below). This total excludes 6,423,223 shares of Common Stock subject to Common Stock Warrants which are not exercisable within 60 days of this Statement because the Common Stock Warrants may not be exercised for Common Stock to the extent that doing so would result in the holder of the Common Stock Warrants (together with the holder's affiliates and any other persons acting as a group together with the holder or any of the holder's affiliates) beneficially owning more than 9.99 percent of the shares of Common Stock then outstanding immediately after giving effect to such exercise (the Beneficial Ownership Limitation). TCG Crossover GP III (as defined in Item 2(a) below) is the general partner of TCG Crossover III and may be deemed to have voting, investment, and dispositive power with respect to these securities. Chen Yu is the sole managing member of TCG Crossover GP III and may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 158,149,726 shares, as follows: (a) 153,461,838 shares of Common Stock outstanding as of May 27, 2026, following the underwritten offering that closed on May 27, 2026 (the Offering), as reported by the Issuer (as defined in Item 1(a) below) in its final prospectus filed with the United States Securities and Exchange Commission (the Commission) on May 26, 2026 (the Prospectus), plus (b) 4,687,888 shares of Common Stock underlying Common Stock Warrants which are exercisable within 60 days of this Statement.


SCHEDULE 13G




Comment for Type of Reporting Person: Consists of (i) 11,111,111 shares of Common Stock and (ii) 4,687,888 shares of Common Stock underlying Common Stock Warrants which are exercisable within 60 days of this Statement. These securities are held of record by TCG Crossover III. This total excludes 6,423,223 shares of Common Stock subject to Common Stock Warrants which are not exercisable for Common Stock within 60 days of this Statement due to the Beneficial Ownership Limitation. TCG Crossover GP III is the general partner of TCG Crossover III and may be deemed to have voting, investment, and dispositive power with respect to these securities. Chen Yu is the sole managing member of TCG Crossover GP III and may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 158,149,726 shares, as follows: (a) 153,461,838 shares of Common Stock outstanding as of May 27, 2026, following the Offering, as reported by the Issuer in the Prospectus, plus (b) 4,687,888 shares of Common Stock underlying Common Stock Warrants which are exercisable within 60 days of this Statement.


SCHEDULE 13G




Comment for Type of Reporting Person: Consists of (i) 11,111,111 shares of Common Stock and (ii) 4,687,888 shares of Common Stock underlying Common Stock Warrants which are exercisable within 60 days of this Statement. These securities are held of record by TCG Crossover III. This total excludes 6,423,223 shares of Common Stock subject to Common Stock Warrants which are not exercisable for Common Stock within 60 days of this Statement due to the Beneficial Ownership Limitation. TCG Crossover GP III is the general partner of TCG Crossover III and may be deemed to have voting, investment, and dispositive power with respect to these securities. Chen Yu is the sole managing member of TCG Crossover GP III and may be deemed to share voting, investment and dispositive power with respect to these securities. Based on 158,149,726 shares, as follows: (a) 153,461,838 shares of Common Stock outstanding as of May 27, 2026, following the Offering, as reported by the Issuer in the Prospectus, plus (b) 4,687,888 shares of Common Stock underlying Common Stock Warrants which are exercisable within 60 days of this Statement.


SCHEDULE 13G



TCG Crossover GP III, LLC
Signature:/s/ Craig Skaling
Name/Title:Craig Skaling, Authorized Signatory
Date:06/03/2026
TCG Crossover Fund III, L.P.
Signature:/s/ Craig Skaling
Name/Title:Craig Skaling, Authorized Signatory
Date:06/03/2026
Chen Yu
Signature:/s/ Craig Skaling
Name/Title:Craig Skaling, as Attorney-in-Fact for Chen Yu
Date:06/03/2026
Exhibit Information

Exhibit 1 - Joint Filing Agreement