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Beneficial Ownership Report · SCHEDULE 13G/A

Pyxis Oncology, Inc.

PYXSNASDAQEQUITYCurrent

Beneficial Ownership Report

Filed Oct 2, 2026Accepted Oct 2, 2026, 8:34 AM EDTFiling CIK 1782223Accession 0000919574-26-006608
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Structured filing — SCHEDULE 13G/A

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Amendment · This filing reports the amendment as submitted.

Subject company

Company
Pyxis Oncology, Inc.
Company CIK
0001782223
Street
321 HARRISON AVENUE
City
BOSTON
State / country code
MA
Postal code
02118

Statement details

Amendment number
2
Security class
Common Stock, par value $0.001 per share
Event date
10/01/2026
Rule designation
Rule 13d-1(c)

Reporting person 1

Name
GordonMD Global Investments LP
Citizenship / organization
DE
Reporting person type
IA · PN
Group designation
b
Aggregate amount owned
27,988,714.00
Percent of class
17.5
Sole voting power
0.00
Shared voting power
27,988,714.00
Sole dispositive power
0.00
Shared dispositive power
27,988,714.00
Aggregate excludes certain shares
N
Comments
Includes 12,446,805 shares of Common Stock issuable upon exercise of warrants (the "Warrants"). As more fully described in Item 4, certain of the Warrants are subject to a 17.50% Blocker (the "17.50% Blocker"), and the percentage set forth in row (11) gives effect to such 17.50% Blocker. However, as more fully described in Item 4, the shares of Common Stock reported as being issuable upon exercise of Warrants in rows (6), (8) and (9) include the number of shares of Common Stock that would be issuable upon full exercise of the Warrants and does not give effect to such 17.50% Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to such 17.50% Blocker, is less than the number of shares of Common Stock reported in rows (6), (8) and (9) to be issuable upon exercise of such Warrants.

Reporting person 2

Name
GordonMD Long Biased Master Fund LP
Citizenship / organization
E9
Reporting person type
PN
Group designation
b
Aggregate amount owned
27,988,714.00
Percent of class
17.5
Sole voting power
0.00
Shared voting power
27,988,714.00
Sole dispositive power
0.00
Shared dispositive power
27,988,714.00
Aggregate excludes certain shares
N
Comments
Includes 12,446,805 shares of Common Stock issuable upon exercise of Warrants. As more fully described in Item 4, certain of the Warrants are subject to the 17.50% Blocker, and the percentage set forth in row (11) gives effect to such 17.50% Blocker. However, as more fully described in Item 4, the shares of Common Stock reported as being issuable upon exercise of Warrants in rows (6), (8) and (9) include the number of shares of Common Stock that would be issuable upon full exercise of the Warrants and does not give effect to such 17.50% Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to such 17.50% Blocker, is less than the number of shares of Common Stock reported in rows (6), (8) and (9) to be issuable upon exercise of such Warrants.

Reporting person 3

Name
GordonMD Long Biased GP LLC
Citizenship / organization
DE
Reporting person type
OO
Group designation
b
Aggregate amount owned
27,988,714.00
Percent of class
17.5
Sole voting power
0.00
Shared voting power
27,988,714.00
Sole dispositive power
0.00
Shared dispositive power
27,988,714.00
Aggregate excludes certain shares
N
Comments
Includes 12,446,805 shares of Common Stock issuable upon exercise of Warrants. As more fully described in Item 4, certain of the Warrants are subject to the 17.50% Blocker, and the percentage set forth in row (11) gives effect to such 17.50% Blocker. However, as more fully described in Item 4, the shares of Common Stock reported as being issuable upon exercise of Warrants in rows (6), (8) and (9) include the number of shares of Common Stock that would be issuable upon full exercise of the Warrants and does not give effect to such 17.50% Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to such 17.50% Blocker, is less than the number of shares of Common Stock reported in rows (6), (8) and (9) to be issuable upon exercise of such Warrants.

Reporting person 4

Name
Craig D. Gordon
Citizenship / organization
X1
Reporting person type
HC · IN
Group designation
b
Aggregate amount owned
27,988,714.00
Percent of class
17.5
Sole voting power
0.00
Shared voting power
27,988,714.00
Sole dispositive power
0.00
Shared dispositive power
27,988,714.00
Aggregate excludes certain shares
N
Comments
Includes 12,446,805 shares of Common Stock issuable upon exercise of Warrants. As more fully described in Item 4, certain of the Warrants are subject to the 17.50% Blocker, and the percentage set forth in row (11) gives effect to such 17.50% Blocker. However, as more fully described in Item 4, the shares of Common Stock reported as being issuable upon exercise of Warrants in rows (6), (8) and (9) include the number of shares of Common Stock that would be issuable upon full exercise of the Warrants and does not give effect to such 17.50% Blocker. Therefore, the actual number of shares of Common Stock beneficially owned by such Reporting Person, after giving effect to such 17.50% Blocker, is less than the number of shares of Common Stock reported in rows (6), (8) and (9) to be issuable upon exercise of such Warrants.

Item 1

Issuer

Pyxis Oncology, Inc.

Principal executive office address

321 HARRISON AVENUE, BOSTON, MA, 02118

Item 2

Citizenship

GordonMD Global Investments LP - Delaware GordonMD Long Biased Master Fund LP - Cayman Islands GordonMD Long Biased GP LLC - Delaware Craig D. Gordon - United States

Filing person

GordonMD Global Investments LP GordonMD Long Biased Master Fund LP GordonMD Long Biased GP LLC Craig D. Gordon

Principal business or residence address

GordonMD Global Investments LP 9460 WILSHIRE BLVD, SUITE 420, BEVERLY HILLS, CA, 90212 GordonMD Long Biased Master Fund LP 9460 WILSHIRE BLVD, SUITE 420, BEVERLY HILLS, CA, 90212 GordonMD Long Biased GP LLC 9460 WILSHIRE BLVD, SUITE 420, BEVERLY HILLS, CA, 90212 Craig D. Gordon 9460 WILSHIRE BLVD, SUITE 420, BEVERLY HILLS, CA, 90212

Item 3

Not applicable indication

Y

Item 4

Percent of class

GordonMD Global Investments LP - 17.5% GordonMD Long Biased Master Fund LP - 17.5% GordonMD Long Biased GP LLC - 17.5% Craig D. Gordon - 17.5%

Amount beneficially owned

GordonMD Global Investments LP - 27,988,714 GordonMD Long Biased Master Fund LP - 27,988,714 GordonMD Long Biased GP LLC - 27,988,714 Craig D. Gordon - 27,988,714 Notwithstanding anything herein to the contrary, certain of the Warrants reflected on the cover pages and set forth in this Item 4 are subject to a 17.50% Blocker whereby they are not exercisable to the extent that following such exercise, taking into account all other shares of Common Stock beneficially owned by the Reporting Persons, the Reporting Persons would beneficially own in excess of 17.50% of the Issuer's outstanding Common Stock, as calculated in a manner consistent with the provisions of Section 13(d) of the Act and the rules and regulations promulgated thereunder. Consequently, as of the date of the event which requires the filing of this statement, some of such Warrants referred to herein are not presently exercisable due to the 17.50% Blocker.

Sole voting power

GordonMD Global Investments LP - 0 GordonMD Long Biased Master Fund LP - 0 GordonMD Long Biased GP LLC - 0 Craig D. Gordon - 0

Shared voting power

GordonMD Global Investments LP - 27,988,714 GordonMD Long Biased Master Fund LP - 27,988,714 GordonMD Long Biased GP LLC - 27,988,714 Craig D. Gordon - 27,988,714

Sole dispositive power

GordonMD Global Investments LP - 0 GordonMD Long Biased Master Fund LP - 0 GordonMD Long Biased GP LLC - 0 Craig D. Gordon - 0

Shared dispositive power

GordonMD Global Investments LP - 27,988,714 GordonMD Long Biased Master Fund LP - 27,988,714 GordonMD Long Biased GP LLC - 27,988,714 Craig D. Gordon - 27,988,714

Item 5

Not applicable indication

Y

Item 6

Not applicable indication

N

Ownership on behalf of another person

All of the securities reported in this Schedule 13G are directly owned by advisory clients of GordonMD Global Investments LP. None of those advisory clients, other than GordonMD Long Biased Master Fund LP may be deemed to beneficially own more than 5% of the Common Stock, $0.001 par value.

Item 7

Not applicable indication

N

Subsidiaries

Please see Exhibit B attached hereto.

Item 8

Not applicable indication

Y

Item 9

Not applicable indication

Y

Item 10

Not applicable indication

N

Certifications

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

Exhibits

Exhibit A - Joint Filing Agreement Exhibit B - Control Person Identification

Signature comments

* Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. To the extent that "ownership of 5 percent or less of a class" was indicated in Item 5, such response only applies to the Reporting Person(s) that indicated elsewhere herein that it beneficially owns five percent (5%) or less of the class.

Signature 1

Reporting person
GordonMD Global Investments LP
Signed
/s/ GordonMD Global Investments GP LLC
Title
Craig D. Gordon, Managing Member of the General Partner
Date
10/02/2026

Signature 2

Reporting person
GordonMD Long Biased Master Fund LP
Signed
/s/ GordonMD Long Biased GP LLC
Title
Craig D. Gordon, Managing Member of the General Partner
Date
10/02/2026

Signature 3

Reporting person
GordonMD Long Biased GP LLC
Signed
/s/ Craig D. Gordon
Title
Craig D. Gordon, Managing Member
Date
10/02/2026

Signature 4

Reporting person
Craig D. Gordon
Signed
/s/ Craig D. Gordon
Title
Craig D. Gordon
Date
10/02/2026

Filed exhibits

Company context

Pyxis Oncology, Inc. is a clinical-stage biopharmaceutical company developing therapeutics for difficult-to-treat cancers. The Company’s lead candidate, micvotabart pelidotin (MICVO), is a first-in-concept antibody-drug conjugate (ADC) that targets extradomain-B of fibronectin (EDB+FN), a non-cellular structural component of the tumor extracellular matrix (ECM). EDB+FN is selectively overexpressed in the tumor microenvironment of a wide range of solid tumors and largely absent from normal adult tissues. MICVO is designed to treat solid tumors through a three-pronged mechanism of action: direct cancer cell killing, bystander effect and immunogenic cell death. MICVO is currently being evaluated as monotherapy in a Phase 1 clinical study in patients with recurrent and metastatic head and neck squamous cell carcinoma (R/M HNSCC) and in combination with Merck’s anti-PD-1 therapy, KEYTRUDA® (pembrolizumab) in a Phase 1/2 clinical study in patients with R/M HNSCC and other solid tumors. Pyxis Oncology is focused on advancing MICVO, with the goal of improving outcomes for patients living with R/M HNSCC and contributing to meaningful progress in cancer treatment.

Current securities

Recent company filings

  1. Entry into a Material Definitive Agreement · Other EventsOct 1, 2026
  2. 424B5 filingOct 1, 2026
  3. 424B5 filingSep 29, 2026
  4. 424B5 filingSep 29, 2026
  5. Regulation FD Disclosure · Other EventsSep 9, 2026

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