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    SEC Form SC 13D/A filed by Incyte Corp. (Amendment)

    5/13/24 6:06:33 PM ET
    $INCY
    Biotechnology: Commercial Physical & Biological Resarch
    Health Care
    Get the next $INCY alert in real time by email
    SC 13D/A 1 tm2414337d1_sc13da.htm SC 13D/A

     

     

    UNITED STATES

    SECURITIES AND EXCHANGE COMMISSION

    WASHINGTON, DC 20549

     

    SCHEDULE 13D

    Under the Securities Exchange Act of 1934

     

    (Amendment No. 30)*

     

    Incyte Corporation

    (Name of Issuer)

     

    Common Stock, Par Value $0.001 Per Share

    (Title of Class of Securities)

     

    45337C102

    (CUSIP number)

     

    Alexandra A. Toohey

    Chief Financial Officer

    Baker Bros. Advisors LP

    860 Washington Street, 3rd Floor

    New York, NY 10014

    (212) 339-5690

    (Name, address and telephone number of person authorized to receive notices and communications)

     

    May 12, 2024

    (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 Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ¨.

     

    (Continued on the following pages)

     

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

     

    *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 disclosures provided in a prior cover page.

     

    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).

     

     

     

     

     

    CUSIP No.    45337C102   Page   2   of  13   Pages

     

    1.

    NAMES OF REPORTING PERSONS

     

    Baker Bros. Advisors LP

    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     

    (a) ¨

    (b) ¨

    3.

    SEC USE ONLY

    4.

    SOURCE OF FUNDS*

    OO

    5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)  ¨
    6.

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY EACH
    REPORTING
    PERSON WITH
    7. SOLE VOTING POWER: 36,308,584 (1)
    8. SHARED VOTING POWER:  0
    9. SOLE DISPOSITIVE POWER:  36,308,584 (1)
    10. SHARED DISPOSITIVE POWER:  0

    11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 36,308,584 (1)
    12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ¨ 
    13.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    16.1% (1)(2)

    14.

    TYPE OF REPORTING PERSON (See Instructions)

    IA, PN

    (1) Includes 111,414 shares of common stock (“Common Stock”) of Incyte Corporation (the “Issuer”) underlying 111,414 non-qualified options exercisable for Common Stock (“Stock Options”) and 2,505 shares of common stock underlying 2,505 restricted stock units (each, an “RSU”) which vest into Common Stock within 60 days of the date of this filing.

    (2) Based on 224,854,553 shares of Common Stock outstanding as of May 9, 2024, as reported in Exhibit 10.1 to the Issuer's Form 8-K filed with the Securities and Exchange Commission ("SEC") on May 13, 2024, and 111,414 shares of Common Stock underlying 111,414 Stock Options and 2,505 shares of Common Stock underlying 2,505 RSUs.

     

     

     

     

    CUSIP No.    45337C102   Page   3   of  13   Pages

     

    1.

    NAMES OF REPORTING PERSONS

     

    Baker Bros. Advisors (GP) LLC

    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     

    (a) ¨

    (b) ¨

    3.

    SEC USE ONLY

    4.

    SOURCE OF FUNDS*

    OO

    5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
    6.

    CITIZENSHIP OR PLACE OF ORGANIZATION

    Delaware

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY EACH
    REPORTING
    PERSON WITH
    7. SOLE VOTING POWER: 36,308,584 (1)
    8. SHARED VOTING POWER:  0
    9. SOLE DISPOSITIVE POWER:  36,308,584 (1)
    10. SHARED DISPOSITIVE POWER:  0

    11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 36,308,584 (1)
    12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ¨ 
    13.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    16.1% (1)(2)

    14.

    TYPE OF REPORTING PERSON (See Instructions)

    HC, OO

    (1) Includes 111,414 shares of Common Stock underlying 111,414 Stock Options and 2,505 shares of common stock underlying 2,505 RSUs which vest into Common Stock within 60 days of the date of this filing.

    (2) Based on 224,854,553 shares of Common Stock outstanding as of May 9, 2024, as reported in Exhibit 10.1 to the Issuer's Form 8-K filed with the SEC on May 13, 2024, and 111,414 shares of Common Stock underlying 111,414 Stock Options and 2,505 shares of Common Stock underlying 2,505 RSUs.

     

     

     

     

    CUSIP No.    45337C102   Page   4   of  13   Pages

     

    1.

    NAMES OF REPORTING PERSONS

     

    Julian C. Baker

    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     

    (a) ¨

    (b) ¨

    3.

    SEC USE ONLY

    4.

    SOURCE OF FUNDS*

    OO

    5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨ 
    6.

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY EACH
    REPORTING
    PERSON WITH
    7. SOLE VOTING POWER: 36,666,662 (1)
    8. SHARED VOTING POWER:  0
    9. SOLE DISPOSITIVE POWER:  36,666,662 (1)
    10. SHARED DISPOSITIVE POWER:  0

    11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 36,666,662 (1)
    12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions) ¨ 
    13.

    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

    16.3% (1)(2)

    14.

    TYPE OF REPORTING PERSON (See Instructions)

    IN, HC

    (1) Includes 111,414 shares of Common Stock underlying 111,414 Stock Options and 2,505 shares of common stock underlying 2,505 RSUs which vest into Common Stock within 60 days of the date of this filing.

    (2) Based on 224,854,553 shares of Common Stock outstanding as of May 9, 2024, as reported in Exhibit 10.1 to the Issuer's Form 8-K filed with the SEC on May 13, 2024, and 111,414 shares of Common Stock underlying 111,414 Stock Options and 2,505 shares of Common Stock underlying 2,505 RSUs.

     

     

     

     

    CUSIP No.    45337C102   Page   5   of  13   Pages

     

    1.

    NAMES OF REPORTING PERSONS

     

    Felix J. Baker

    2.

    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

     

    (a) ¨

    (b) ¨

    3.

    SEC USE ONLY

    4.

    SOURCE OF FUNDS (See Instructions)

    OO

    5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
    6.

    CITIZENSHIP OR PLACE OF ORGANIZATION

    United States

    NUMBER OF
    SHARES
    BENEFICIALLY
    OWNED BY EACH
    REPORTING
    PERSON WITH
    7. SOLE VOTING POWER: 36,669,079 (1)
    8. SHARED VOTING POWER:  0
    9. SOLE DISPOSITIVE POWER:  36,669,079 (1)
    10. SHARED DISPOSITIVE POWER:  0

    11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 36,669,079 (1)
    12.