Sangamo Therapeutics Inc.
02/03/2026 | Press release | Distributed by Public on 02/03/2026 07:56
Business/Financial Results, Management Change/Compensation (Form 8-K)
Item 2.02 Results of Operations and Financial Condition.
On February 3, 2026, Sangamo Therapeutics, Inc. announced its preliminary estimate that its cash and cash equivalents as of December 31, 2025 were approximately $20.9 million.
The information in this Item 2.02 is preliminary, has not been audited and is subject to change pending completion of the Company's audited financial statements for the year ended December 31, 2025. It is possible that the Company or its independent registered public accounting firm may identify items that require the Company to make adjustments to the amounts included in this Item 2.02, and such changes could be material. Additional information and disclosures would also be required for a more complete understanding of the Company's financial position and results of operations as of December 31, 2025.
The information in this Item 2.02 shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"). The information contained in this Item 2.02 shall not be incorporated by reference into any other filing under the Exchange Act or under the Securities Act, except as shall be expressly set forth by specific reference in such filing.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On February 2, 2026, the employment of Prathyusha Duraibabu, the Company's principal financial officer, terminated. Effective February 3, 2026, Nikunj Jain, Sangamo's Vice President, Finance and Corporate Controller and principal accounting officer, has been appointed to the position of Interim Chief Financial Officer and will serve as the Company's principal financial officer.
Biographical information for Mr. Jain can be found in the Company's Current Report on Form 8-K filed on September 30, 2025 (the "September 2025 Form 8-K") and is incorporated by reference herein.
There is no arrangement or understanding between Mr. Jain and any other person pursuant to which Mr. Jain was appointed as Interim Chief Financial Officer of the Company, and there are no family relationships between Mr. Jain and any of the Company's directors or executive officers. Mr. Jain has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Jain will not receive any additional compensation in connection with his appointment as Interim Chief Financial Officer. Mr. Jain's compensation arrangements are described in the September 2025 Form 8-K and incorporated by reference herein.
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