Filing Details
- Accession Number:
- 0001104659-21-023709
- Form Type:
- 13G Filing
- Publication Date:
- 2021-02-16 15:20:47
- Filed By:
- Oliveira Steven Michael
- Company:
- Forte Biosciences Inc. (NASDAQ:FBRX)
- Filing Date:
- 2021-02-16
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| Nemean Asset Management | 315,000 | 0 | 315,000 | 0 | 315,000 | 2.5% |
| South Ocean Capital Management | 151,067 | 0 | 151,067 | 0 | 151,067 | 1.2% |
| IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA | 185,000 | 0 | 185,000 | 0 | 185,000 | 1.4% |
| Steven M. Oliveira | 651,067 | 0 | 651,067 | 0 | 651,067 | 5.1% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
(Amendment No. 1)*
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO §240.13d-2
Forte
Biosciences, Inc.
(Name of Issuer)
Common
Stock, $0.001 par value
(Title of Class of Securities)
34962G109
(CUSIP Number)
December
31, 2020
(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) |
| x | Rule 13d-1 (c) |
| ¨ | Rule 13d-1 (d) |
* 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).
| CUSIP No. 34962G109 | 13G | Page 2 of 8 Pages |
| 1 | NAME
OF REPORTING PERSON
|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
¨ |
| 3 | SEC USE ONLY
|
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION
|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON | 5 | SOLE
VOTING POWER
|
| 6 | SHARED
VOTING POWER
| |
| 7 | SOLE
DISPOSITIVE POWER
| |
| 8 | SHARED
DISPOSITIVE POWER
|
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
| 12 | TYPE
OF REPORTING PERSON*
|
| CUSIP No. 34962G109 | 13G | Page 3 of 8 Pages |
| 1 | NAME
OF REPORTING PERSON
|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
¨ |
| 3 | SEC USE ONLY
|
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION
|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON | 5 | SOLE
VOTING POWER
|
| 6 | SHARED
VOTING POWER
| |
| 7 | SOLE
DISPOSITIVE POWER
| |
| 8 | SHARED
DISPOSITIVE POWER
|
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
| 12 | TYPE
OF REPORTING PERSON*
|
| CUSIP No. 34962G109 | 13G | Page 4 of 8 Pages |
| 1 | NAME
OF REPORTING PERSON
|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
¨ |
| 3 | SEC USE ONLY
|
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION
|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON | 5 | SOLE
VOTING POWER
|
| 6 | SHARED
VOTING POWER
| |
| 7 | SOLE
DISPOSITIVE POWER
| |
| 8 | SHARED
DISPOSITIVE POWER
|
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
| 12 | TYPE
OF REPORTING PERSON*
|
| CUSIP No. 34962G109 | 13G | Page 5 of 8 Pages |
| 1 | NAME
OF REPORTING PERSON
|
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a)
¨ |
| 3 | SEC USE ONLY
|
| 4 | CITIZENSHIP
OR PLACE OF ORGANIZATION
|
| NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON | 5 | SOLE
VOTING POWER
|
| 6 | SHARED
VOTING POWER
| |
| 7 | SOLE
DISPOSITIVE POWER
| |
| 8 | SHARED
DISPOSITIVE POWER
|
| 9 | AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨
|
| 11 | PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
| 12 | TYPE
OF REPORTING PERSON*
|
| CUSIP No. 34962G109 | 13G | Page 6 of 8 Pages |
Item 1.
| (a) | Name of Issuer: | Forte Biosciences, Inc. |
| (b) | Address of Issuer's Principal Executive Offices: |
1124 W Carson Street
MRL Building 3-320
Torrance, California 90502
Item 2.
| (a) | Name of Person Filing: | Nemean Asset Management, LLC | |
| South Ocean Capital Management, LLC IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA Steven Oliveira |
| (b) | Address of Principal Business Office or if none, Residence: |
Nemean Asset Management, LLC:
225 Via Palacio
Palm Beach Gardens, FL 33418
South Ocean Capital Management, LLC:
225 Via Palacio
Palm Beach Gardens, FL 33418
IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA and Steven Oliveira:
225 Via Palacio
Palm Beach Gardens, FL 33418
| (c) | Citizenship: | Nemean Asset Management, LLC – Florida South Ocean Capital Management, LLC – Florida | |
| IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA | |||
| and Steven Oliveira – U.S.A. |
| (d) | Title of Class of Securities: Common Stock, $0.001 par value |
| (e) | CUSIP Number: | 34962G109 |
| Item 3. | Not Applicable |
| Item 4. | Ownership. |
| (a) | Amount Beneficially Owned: |
Nemean Asset Management, LLC – 315,000 shares.
South Ocean Capital Management, LLC – 151,067 shares.
IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA – 185,000 shares.
Steven Oliveira – 651,067 shares. Consists of securities owned by Nemean Asset Management, LLC, South Ocean Capital Management, LLC, and IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA.
Steven Oliveira has voting and dispositive power over the securities owned by Nemean Asset Management, LLC, South Ocean Capital Management, LLC, and IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA.
| (b) | Percent of Class: |
Nemean Asset Management, LLC – 2.5%
South Ocean Capital Management, LLC –1.2%
IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA – 1.4%
Steven Oliveira – 5.1%
The foregoing percentages are based on 12,830,598 shares of common stock outstanding as of November 3, 2020 as disclosed in the Issuer’s Quarterly Report on Form 10-Q filed with the SEC on November 9, 2020.
| CUSIP No. 34962G109 | 13G | Page 7 of 8 Pages |
| (c) | Number of shares as to which such person has: |
| (i) | sole power to vote or to direct the vote: |
Nemean Asset Management, LLC – 315,000 shares.
South Ocean Capital Management, LLC – 151,067 shares.
IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA – 185,000 shares.
Steven Oliveira – 651,067 shares.
| (ii) | shared power to vote or to direct the vote: |
Nemean Asset Management, LLC – 0
South Ocean Capital Management, LLC – 0
IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA – 0
Steven Oliveira – 0
| (iii) | sole power to dispose or to direct the disposition of: |
Nemean Asset Management, LLC – 315,000 shares.
South Ocean Capital Management, LLC – 151,067 shares.
IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA – 185,000 shares.
Steven Oliveira – 651,067 shares.
| (iv) | shared power to dispose or to direct the disposition of: |
Nemean Asset Management, LLC – 0
South Ocean Capital Management, LLC – 0
IRA Financial Trust Company, Custodian for the benefit of the Steven M Oliveira IRA – 0
Steven Oliveira – 0
| Item 5. | Ownership of Five Percent or Less of a Class: Not Applicable |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person: Not Applicable |
| Item 7. | Identification and Classification of Subsidiary Which Acquired the Securities: Not Applicable |
| Item 8. | Identification and Classification of Members of the Group: Not Applicable |
| Item 9. | Notice of Dissolution of Group: Not Applicable |
| Item 10. | Certifications: Not Applicable |
| CUSIP No. 34962G109 | 13G | Page 8 of 8 Pages |
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.
February 16, 2021
| NEMEAN ASSET MANAGEMENT, LLC | |||
| By: | /s/ Steven Oliveira | ||
| Name: | Steven Oliveira | ||
| Title: | Authorized Signatory | ||
| SOUTH OCEAN CAPITAL MANAGEMENT, LLC | |||
| By: | /s/ Steven Oliveira | ||
| Name: | Steven Oliveira | ||
| Title: | Authorized Signatory | ||
| IRA FINANCIAL TRUST COMPANY, CUSTODIAN FOR THE BENEFIT OF THE STEVEN M OLIVEIRA IRA | |||
| /s/ Steven Oliveira | |||
| Steven Oliveira | |||
| /s/ Steven Oliveira | |||
| Steven Oliveira | |||