Talphera Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:R5XA Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
13 Mar 26	Buy€109,262	Vincent Angotti	Individual		213,310	€0.51

Insider Trading Volume

Insider Buying: R5XA insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of R5XA?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	731,096	1.41%
Institutions	8,021,602	15.5%
Public Companies	9,090,909	17.5%
Hedge Funds	15,097,123	29.1%
General Public	18,958,918	36.5%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 153.1%.

Top Shareholders

Top 25 shareholders own 62.75% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
17.5%	CorMedix Inc.	9,090,909	€6.3m	0%	no data
8.98%	Aigh Capital Management, LLC	4,661,502	€3.3m	0%	0.47%
6.92%	Rock Springs Capital Management LP	3,589,186	€2.5m	0%	0.17%
6.73%	Nantahala Capital Management, LLC	3,492,519	€2.4m	0%	0.18%
6.46%	Rosalind Advisors, Inc.	3,353,916	€2.3m	-6.3%	1.14%
2.52%	Bleichroeder LP	1,307,787	€912.9k	48.4%	0.2%
2.4%	Lytton-Kambara Foundation	1,246,444	€870.1k	-54.4%	3.62%
1.71%	Cantor Fitzgerald Asset Management	887,481	€619.5k	53.7%	0.01%
1.2%	Vincent Angotti	625,174	€436.4k	1.69%	no data
1.14%	Empery Asset Management, LP	590,481	€412.2k	-55.7%	0.6%
1.08%	Caption Management, LLC	561,820	€392.2k	0%	0.02%
0.9%	Almitas Capital LLC	467,152	€326.1k	0%	0.07%
0.85%	Vanguard Capital Management, LLC	441,611	€308.3k	0%	no data
0.84%	Dauntless Investment Group, Llc	435,234	€303.8k	-24.9%	1.07%
0.81%	Geode Capital Management, LLC	419,980	€293.2k	22.5%	no data
0.48%	Shay Capital LLC	250,083	€174.6k	0%	0.02%
0.46%	Renaissance Technologies LLC	237,755	€166.0k	-7.62%	no data
0.37%	Vanguard Fiduciary Trust Company	192,405	€134.3k	0%	no data
0.3%	Diadema Partners LP	153,563	€107.2k	12.2%	0.06%
0.2%	Citadel Advisors LLC	106,151	€74.1k	38.9%	no data
0.19%	Mariner, LLC	100,000	€69.8k	72.4%	no data
0.18%	GSA Capital Partners LLP	93,788	€65.5k	347%	no data
0.18%	BlackRock, Inc.	91,548	€63.9k	0%	no data
0.17%	Northern Trust Global Investments	88,296	€61.6k	67.9%	no data
0.16%	Values First Advisors, Inc.	81,517	€56.9k	0.38%	0.03%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/11 10:11
End of Day Share Price	2026/06/11 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Talphera, Inc. is covered by 16 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
James Molloy	Alliance Global Partners
David Buck	B. Riley Securities, Inc.
Andrew D'Silva	B. Riley Securities, Inc.