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sellModerate cluster of 2

Brian Dorsey sold $190k of SPRY

Chief Operating Officer at ARS Pharmaceuticals, Inc.. 21,828 shares at an average of $8.71, traded Nov 13, 2025, filed Nov 14, 2025.

Warning score
45
Value
$190k
21,828 shares
Holdings after
10,789
-67% from before
From 52-week low
+3%
low $8.19, close $8.41
From 52-week high
-54%
high $18.35, as of Nov 13, 2025

Score components

  • Role
    COO
    +20
  • Trade size
    $190k at market
    +12
  • Share of holdings sold
    Sold 67% of holdings
    +20
  • Cluster
    2 insiders selling within 14 days
    +8
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

What happened after comparable sells

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.

SPRYOct 9, 2026 · close 4.23
Since filing Nov 14, 2025: -48.5%SPY +17.1% · excess -65.6%

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 0001380762-25-000005, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 13, 2025MOption exercise
Common Stock
+21,828$0.64$14k32,617Nov 14, 2025
Nov 13, 2025SOpen-market sale
Common Stock
-21,828$8.71$190k10,789Nov 14, 2025
Nov 13, 2025MOption exercise
Stock Option (Right to Buy)derivative
-21,828$0.00$00Nov 14, 2025

Related signals

Other insiders at ARS Pharmaceuticals, Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
9Weak
SPRYsell 210b5-1
ARS Pharmaceuticals, Inc.
Alexander A Fitzpatrick
Chief Legal Officer
$34k
3,355 shares
-4%
21Weak
SPRYsell 210b5-1
ARS Pharmaceuticals, Inc.
Eric Karas
Chief Commercial Officer
$250k
25,000 shares
-67%
53Moderate
SPRYsell 2
ARS Pharmaceuticals, Inc.
Justin Chakma
Chief Business Officer
$1.5M
166,380 shares
-100%
34Weak
SPRYsell 310b5-1
ARS Pharmaceuticals, Inc.
Kathleen D. Scott
Chief Financial Officer
$188k
12,500 shares
-55%
41Moderate
SPRYsell 310b5-1
ARS Pharmaceuticals, Inc.
Richard E Lowenthal
PRESIDENT AND CEO
$724k
50,000 shares
-4%
31Weak
SPRYsell 310b5-1
ARS Pharmaceuticals, Inc.
Sarina Tanimoto
CHIEF MEDICAL OFFICER
$704k
50,000 shares
-4%
21Weak
SPRYsell 210b5-1
ARS Pharmaceuticals, Inc.
Eric Karas
Chief Commercial Officer
$255k
15,000 shares
-59%
50Moderate
SPRYsell 2
ARS Pharmaceuticals, Inc.
James E Flynn
owner
$14M
740,149 shares
-14%
21Weak
SPRYsell 210b5-1
ARS Pharmaceuticals, Inc.
Eric Karas
Chief Commercial Officer
$240k
15,000 shares
-66%
63Notable
SPRYsell 3
ARS Pharmaceuticals, Inc.
Kathleen D. Scott
Chief Financial Officer
$705k
50,000 shares
-87%

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.

Brian Dorsey sold $190k of SPRY | InsiderTell