Talphera Ownership

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

Recent Insider Transactions

NasdaqCM:TLPH Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Role	Shares	Max Price
02 Apr 25	BuyUS$125,000	Vincent Angotti	Individual		213,310	US$0.59

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of TLPH?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	487,210	1.05%
Public Companies	9,090,909	19.5%
Institutions	9,889,401	21.2%
Hedge Funds	11,536,250	24.8%
General Public	15,605,848	33.5%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 173.7%.

Top Shareholders

Top 25 shareholders own 66.37% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
19.5%	CorMedix Inc.	9,090,909	US$10.0m	0%	no data
9.56%	Aigh Capital Management, LLC	4,454,545	US$4.9m	0%	1.45%
9.41%	Rosalind Advisors, Inc.	4,385,757	US$4.8m	119%	1.63%
7.8%	Lytton-Kambara Foundation	3,636,364	US$4.0m	0%	93.38%
7.7%	Rock Springs Capital Management LP	3,589,186	US$3.9m	1,030%	0.19%
7.49%	Nantahala Capital Management, LLC	3,492,519	US$3.8m	75.3%	0.21%
1.89%	Bleichroeder LP	881,166	US$969.3k	107%	0.17%
0.79%	Vincent Angotti	368,153	US$405.0k	0.08%	no data
0.61%	The Vanguard Group, Inc.	286,229	US$314.9k	252%	no data
0.36%	Geode Capital Management, LLC	165,693	US$182.3k	0.18%	no data
0.21%	Dauntless Investment Group, Llc	100,000	US$110.0k	0%	0.28%
0.21%	Values First Advisors, Inc.	97,882	US$107.7k	-1.34%	0.06%
0.2%	BlackRock, Inc.	91,548	US$100.7k	0%	no data
0.11%	Renaissance Technologies LLC	50,214	US$55.2k	123%	no data
0.075%	Pamela Palmer	35,022	US$38.5k	0%	no data
0.07%	Virtu Financial, Inc.	32,811	US$36.1k	0%	no data
0.065%	Group One Trading LLC	30,415	US$33.5k	203,000%	no data
0.059%	UBS Asset Management AG	27,650	US$30.4k	126,000%	no data
0.054%	Mariner, LLC	25,000	US$27.5k	0%	no data
0.048%	State Street Global Advisors, Inc.	22,182	US$24.4k	0%	no data
0.039%	Raffi Asadorian	18,254	US$20.1k	0%	no data
0.033%	Anil Dasu	15,606	US$17.2k	-0.01%	no data
0.029%	Adrian Adams	13,342	US$14.7k	0%	no data
0.025%	Shakil Aslam	11,845	US$13.0k	0%	no data
0.025%	Onyx Bridge Wealth Group LLC	11,500	US$12.6k	11.7%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/29 14:25
End of Day Share Price	2025/12/29 00:00
Earnings	2025/09/30
Annual Earnings	2024/12/31

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 15 analysts. 2 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.