Item 1. | |
(a) | Name of issuer:
Wave Life Sciences Ltd. |
(b) | Address of issuer's principal executive
offices:
7 Straits View #12-00, Marina One East Tower, Singapore |
Item 2. | |
(a) | Name of person filing:
This Schedule 13G (the "Schedule 13G") is being filed on behalf of each of the following persons (each, a "Reporting Person"):
(i) Maverick Capital, Ltd. ("Maverick");
(ii) Maverick Capital Management, LLC ("Maverick Capital Management"); and
(iii) Lee S. Ainslie III ("Mr. Ainslie").
This Schedule 13G relates to Ordinary Shares (as defined herein) held for the accounts of Maverick's clients. |
(b) | Address or principal business office or, if
none, residence:
The address of the principal business office of (i) Maverick and Maverick Capital Management is 1900 N. Pearl Street, 20th Floor, Dallas, Texas 75201, and (ii) Mr. Ainslie is 360 South Rosemary Ave., Suite 1440, West Palm Beach, Florida 33401. |
(c) | Citizenship:
(i) Maverick is a Texas limited partnership;
(ii) Maverick Capital Management is a Texas limited liability company; and
(iii) Mr. Ainslie is a United States citizen |
(d) | Title of class of securities:
$0 Par Value Ordinary Shares |
(e) | CUSIP No.:
Y95308105 |
Item 3. | If this statement is filed pursuant to §§
240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
(a) | Broker
or dealer registered under section 15 of the Act (15 U.S.C. 78o); |
(b) | Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); |
(c) | Insurance
company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); |
(d) | Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
(e) | An
investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E); |
(f) | An
employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F); |
(g) | A
parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G); |
(h) | A
savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813); |
(i) | A
church plan that is excluded from the definition of an investment company under section 3(c)(14)
of the Investment Company Act of 1940 (15 U.S.C. 80a-3); |
(j) | A
non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S.
institution in accordance with § 240.13d-1(b)(1)(ii)(J), please
specify the type of institution: |
(k) | Group,
in accordance with Rule 240.13d-1(b)(1)(ii)(K). |
| |
Item 4. | Ownership |
(a) | Amount beneficially owned:
Ownership as of December 31, 2024 is incorporated by reference to items (5) - (9) and (11) of the cover page of the Reporting Person. The ownership percentages are based on 152,519,770 outstanding $0 par value Ordinary Shares (the "Ordinary Shares") of Wave Life Sciences Ltd. (the "Issuer"), as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on November 12, 2024.
Maverick is the investment advisor of (i) Maverick Fund USA, Ltd, a Texas limited partnership, which holds 1,863,622 Ordinary Shares, (ii) Maverick Fund II, Ltd., a Cayman exempt corporation, which holds 1,688,820 Ordinary Shares, (iii) Maverick Long Enhanced Fund, Ltd, a Cayman exempt corporation, which holds 1,859,061 Ordinary Shares, (iv) Maverick HP, L.P., a Delaware limited partnership, which holds 1,583,329 Ordinary Shares, (v) Maverick Long Fund, Ltd., a Cayman exempt corporation, which holds 938,290 Ordinary Shares, and (vi) certain separately managed accounts which collectively hold 328,120 Ordinary Shares.
Maverick is an investment adviser registered under Section 203 of the Investment Advisers Act of 1940 and, as such, may be deemed to have beneficial ownership of the Ordinary Shares which are the subject of this filing through the investment discretion it exercises over its clients' accounts. Maverick Capital Management is the General Partner of Maverick. Mr. Ainslie is the manager of Maverick Capital Management and the Managing Partner of Maverick. |
(b) | Percent of class:
Maverick: 5.4%
Maverick Capital Management: 5.4%
Mr. Ainslie: 5.4% % |
(c) | Number of shares as to which the person has:
|
| (i) Sole power to vote or to direct the vote:
Maverick: 0
Maverick Capital Management: 0
Mr. Ainslie: 0
|
| (ii) Shared power to vote or to direct the
vote:
Maverick: 8,261,242
Maverick Capital Management: 8,261,242
Mr. Ainslie: 8,261,242
|
| (iii) Sole power to dispose or to direct the
disposition of:
Maverick: 0
Maverick Capital Management: 0
Mr. Ainslie: 0
|
| (iv) Shared power to dispose or to direct the
disposition of:
Maverick: 8,261,242
Maverick Capital Management: 8,261,242
Mr. Ainslie: 8,261,242
|
Item 5. | Ownership of 5 Percent or Less of a Class. |
| |
Item 6. | Ownership of more than 5 Percent on Behalf of
Another Person. |
|
Not Applicable
|
Item 7. | Identification and Classification of the
Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or
Control Person. |
|
Not Applicable
|
Item 8. | Identification and Classification of Members
of the Group. |
|
Not Applicable
|
Item 9. | Notice of Dissolution of Group. |
|
Not Applicable
|