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Schrodinger, Inc. — Major Shareholding Notification 2024
Nov 13, 2024
31925_mrq_2024-11-13_97e74f95-3bad-4411-9777-43caa592cd00.zip
Major Shareholding Notification
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SC 13G 1 tm2427812d11_sc13.htm SC 13G
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13G
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Under the Securities Exchange Act of 1934
(Amendment No. )*
Schrodinger, Inc.
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(Name of Issuer)
Common Stock, $0.01 par value
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(Title of Class of Securities)
80810D103
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(CUSIP Number)
September 30, 2024
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(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule 13G is filed:
| x | Rule 13d-1(b) |
|---|---|
| ¨ | Rule 13d-1(c) |
| ¨ | Rule 13d-1(d) |
(Page 1 of 8 Pages)
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*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 the disclosures provided in a prior cover page.
The information required in 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)
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CUSIP No. 80810D103 13G Page 2 of 8 Pages
| 1 | NAMES OF REPORTING PERSONS Rubric Capital Management LP | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ¨ |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION State of Delaware | |
| NUMBER | ||
| OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 3,685,503 shares of Common Stock | |
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 3,685,503 shares of Common Stock | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,685,503 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.79% | |
| 12 | TYPE OF REPORTING PERSON PN, IA |
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CUSIP No. 80810D103 13G Page 3 of 8 Pages
| 1 | NAMES OF REPORTING PERSONS David Rosen | |
|---|---|---|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | (a) ¨ (b) ¨ |
| 3 | SEC USE ONLY | |
| 4 | CITIZENSHIP OR PLACE OF ORGANIZATION United States of America | |
| NUMBER | ||
| OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER 0 |
| 6 | SHARED VOTING POWER 3,685,503 shares of Common Stock | |
| 7 | SOLE DISPOSITIVE POWER 0 | |
| 8 | SHARED DISPOSITIVE POWER 3,685,503 shares of Common Stock | |
| 9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,685,503 shares of Common Stock | |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | ¨ |
| 11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.79% | |
| 12 | TYPE OF REPORTING PERSON IN |
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CUSIP No. 80810D103 13G Page 4 of 8 Pages
| Item 1(a). |
|---|
| The name of the issuer is Schrodinger, Inc. (the "Issuer"). |
| Item
| 1(b). |
|---|
| The Issuer's principal executive offices are located at 1540 Broadway, 24th Floor, New York, NY 10036 |
| Item
| 2(a). | |
|---|---|
| This | |
| statement is filed by: | |
| (i) | Rubric |
| Capital Management LP (" Rubric Capital "), the investment adviser to certain investment funds and/or accounts | |
| (collectively, the " Rubric Funds ") that hold the shares of Common Stock (as defined in Item 2(d) below) reported | |
| herein; and | |
| (ii) | David |
| Rosen (" Mr. Rosen "), Managing Member of Rubric Capital Management GP LLC, the general partner of Rubric | |
| Capital. | |
| The | |
| foregoing persons are hereinafter sometimes collectively referred to as the " Reporting Persons ." | |
| The | |
| filing of this statement should not be construed as an admission that any of the forgoing persons or any Reporting Person is, for | |
| the purposes of Section 13 of the Act, the beneficial owner of the Shares reported herein. |
| Item
| 2(b). |
|---|
| The |
| address of the principal business office of each of the Reporting Persons is 155 East 44th St, Suite 1630, New York, NY 10017. |
| Item
| 2(c). |
|---|
| Rubric |
| Capital is a Delaware limited partnership. Mr. Rosen is a citizen of the United States of America. |
| Item
| 2(d). |
|---|
| Common |
| Stock, $0.01 par value (the " Common Stock "). |
| Item
| 2(e). |
|---|
| 80810D103 |
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CUSIP No. 80810D103 13G Page 5 of 8 Pages
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:
| (a) | ¨ | Broker or dealer registered under Section 15 of the Act, | | --- | --- | --- | | (b) | ¨ | Bank as defined in Section 3(a)(6) of the Act, | | (c) | ¨ | Insurance Company as defined in Section 3(a)(19) of the Act, | | (d) | ¨ | Investment Company registered under Section 8 of the Investment Company Act of 1940, | | (e) | x | An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); | | (f) | ¨ | Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F), | | (g) | x | Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G), | | (h) | ¨ | Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act, | | (i) | ¨ | A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; | | (j) | ¨ | A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); | | (k) | ¨ | Group, in accordance with Rule 13d-1(b)(1)(ii)(K). |
If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: _________________________________
| Item
| 4. |
|---|
| The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for each of the Reporting Persons and is incorporated |
| herein by reference. The percentage set forth in Row (11) of the cover page for each of the Reporting Persons is based on the 63,632,340 |
| shares of Common Stock outstanding as of July 24, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q for the quarterly period |
| ended June 30, 2024 filed with the Securities and Exchange Commission on July 31, 2024. |
| Item
| 5. |
|---|
| Not |
| applicable. |
| Item
| 6. |
|---|
| See |
| Item 2. Rubric Capital Master Fund LP, a Rubric Fund, has the right to receive or the power to direct the receipt of dividends from, |
| or the proceeds from the sale of, more than 5% of the Common Stock. |
| Item
| 7. |
|---|
| Not |
| applicable. |
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CUSIP No. 80810D103 13G Page 6 of 8 Pages
| Item
| 8. |
|---|
| Not |
| applicable. |
| Item
| 9. |
|---|
| Not |
| applicable. |
ITEM 10. CERTIFICATION.
| Each
| of the Reporting Persons hereby makes the following certification: |
|---|
| By |
| signing below the Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were |
| acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect |
| of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with |
| or as a participant in any transaction having that purpose or effect. |
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CUSIP No. 80810D103 13G Page 7 of 8 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.
DATED: November 13, 2024
| RUBRIC CAPITAL MANAGEMENT LP | |
|---|---|
| By: | /s/ Michael Nachmani |
| Name: | Michael Nachmani |
| Title: | Chief Operating Officer |
| /s/ David Rosen | |
| DAVID ROSEN |
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CUSIP No. 80810D103 13G Page 8 of 8 Pages
EXHIBIT 1
JOINT ACQUISITION STATEMENT PURSUANT TO RULE 13d-1(k)
The undersigned acknowledge and agree that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.
DATED: November 13, 2024
| RUBRIC CAPITAL MANAGEMENT LP | |
|---|---|
| By: | /s/ Michael Nachmani |
| Name: | Michael Nachmani |
| Title: | Chief Operating Officer |
| /s/ David Rosen | |
| DAVID ROSEN |
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