683 Capital Management Reports Reduced Stake in Fractyl Health, Inc. Below 5% Threshold

On May 15, 2026, 683 Capital Management, LLC filed a Schedule 13G/A regarding its holdings in Fractyl Health, Inc. (GUTS). The filing indicates that as of March 31, 2026, the reporting persons—including 683 Capital Partners, LP and Ari Zweiman—beneficially owned 7,679,615 shares of Common Stock. This total includes 6,727,235 shares of Common Stock and warrants to purchase an additional 952,380 shares. This position represents approximately 4.81% of the company's outstanding shares, based on 158,648,963 shares outstanding as reported in the issuer's most recent Form 10-K. By falling below the 5% ownership threshold, the reporting persons have indicated they no longer hold a substantial stake requiring active monitoring under this specific filing category. 683 Capital Management, LLC serves as the investment manager for 683 Capital Partners, LP, while Ari Zweiman serves as the Managing Member. The filing was made under Rule 13d-1(c), certifying that the shares were not acquired for the purpose of influencing or changing the control of the issuer.