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buyModerate cluster of 4

Decheng Capital Global Life Sciences Fund IV, L.P. bought $20M of AARD

owner at Aardvark Therapeutics, Inc.. 1,250,000 shares at an average of $16.00, traded Feb 14, 2025, filed Feb 19, 2025.

Conviction score
57
Value
$20M
1,250,000 shares
Holdings after
958,412
+54% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    10% owner
    +12
  • Trade size
    $20.0M at market
    +25
  • Relative to holdings
    Holdings up 54%
    +10
  • Price context
    No price history yet
    0
  • Cluster
    4 insiders buying within 14 days
    +15
  • Repeat buying
    First buy in 90 days
    0
  • Track record
    Too few past buys to judge (0 with prices)
    0
  • Outside holder
    A 10% owner who is not an officer or director
    -5

What happened after comparable buys

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

AARDOct 9, 2026 · close 4.76
Since filing Feb 19, 2025: -68.1%SPY +29.5% · excess -97.6%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0000950170-25-023409, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Feb 14, 2025CConversion
Common Stockindirect: By Decheng Capital Global Life Sciences Fund IV, L.P.
+2,333,887--2,333,887Feb 19, 2025
Feb 14, 2025CConversion
Common Stockindirect: By Decheng Capital Global Healthcare Fund (Master), LP
+333,412--333,412Feb 19, 2025
Feb 14, 2025POpen-market purchase
Common Stockindirect: By Decheng Capital Global Life Sciences Fund IV, L.P.
+625,000$16.00$10M2,958,887Feb 19, 2025
Feb 14, 2025POpen-market purchase
Common Stockindirect: By Decheng Capital Global Healthcare Fund (Master), LP
+625,000$16.00$10M958,412Feb 19, 2025
Feb 14, 2025CConversion
Series C Convertible Preferred Stockderivativeindirect: By Decheng Capital Global Life Sciences Fund IV, L.P.
-19,777,363$0.00$00Feb 19, 2025
Feb 14, 2025CConversion
Series C Convertible Preferred Stockderivativeindirect: By Decheng Capital Global Healthcare Fund (Master), LP
-2,825,337$0.00$00Feb 19, 2025

Related signals

Other insiders at Aardvark Therapeutics, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
31Weak
AARDsell10b5-1
Aardvark Therapeutics, Inc.
Nelson Sun
See Remarks
$395k
76,754 shares
-68%
43Moderate
AARDbuy 2
Aardvark Therapeutics, Inc.
Tien-Li Lee
Chief Executive Officer
$101k
7,000 shares
+0%
36Weak
AARDbuy 2
Aardvark Therapeutics, Inc.
Nelson Sun
Chief Financial Officer
$43k
3,000 shares
+3%
51Moderate
AARDbuy 2
Aardvark Therapeutics, Inc.
Tien-Li Lee
Chief Executive Officer
$97k
10,000 shares
+1%
52Moderate
AARDbuy 2
Aardvark Therapeutics, Inc.
Tien-Li Lee
Chief Executive Officer
$161k
20,000 shares
+1%
48Moderate
AARDbuy 2
Aardvark Therapeutics, Inc.
Nelson Sun
Chief Financial Officer
$48k
6,000 shares
+6%
54Moderate
AARDbuy 4
Aardvark Therapeutics, Inc.
Cormorant Asset Management, LP
other
$3.0M
187,500 shares
+23%
51Moderate
AARDbuy 4
Aardvark Therapeutics, Inc.
Nelson Sun
Chief Financial Officer
$160k
10,000 shares
+11%
53Moderate
AARDbuy 4
Aardvark Therapeutics, Inc.
Tien-Li Lee
Chief Executive Officer
$265k
16,542 shares
+1%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Decheng Capital Global Life Sciences Fund IV, L.P. bought $20M of AARD | InsiderTell