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sellModerate cluster of 410b5-1 plan

William J Link Phd sold $1.9M of TARS

director at Tarsus Pharmaceuticals, Inc.. 22,946 shares at an average of $81.26, traded Dec 15, 2025, filed Dec 17, 2025.

Warning score
40
Value
$1.9M
22,946 shares
Holdings after
0
-16% from before
From 52-week low
+107%
low $38.82, close $80.48
From 52-week high
-2%
high $82.23, as of Dec 15, 2025

Score components

  • Role
    Director
    +15
  • Trade size
    $1.9M at market
    +25
  • Share of holdings sold
    Sold 16% of holdings
    +5
  • Cluster
    4 insiders selling within 14 days
    +15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

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.

This signal so far: 1m -8.5%, 3m -12.3%, 6m -19.6%.

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.

TARSOct 12, 2026 · close 74.40
Since filing Dec 17, 2025: -4.3%SPY +17.1% · excess -21.5%

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 0001228684-25-000005, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 15, 2025SOpen-market sale
Common Stock10b5-1
-5,046$80.80$408k136,286Dec 17, 2025
Dec 15, 2025SOpen-market sale
Common Stock10b5-1
-6,306$81.75$516k129,980Dec 17, 2025
Dec 15, 2025SOpen-market sale
Common Stock10b5-1
-1,148$82.39$95k128,832Dec 17, 2025
Dec 15, 2025SOpen-market sale
Common Stockindirect: By Link Family Enterprise, LP10b5-1
-5,680$80.71$458k4,766Dec 17, 2025
Dec 15, 2025SOpen-market sale
Common Stockindirect: By Link Family Enterprise, LP10b5-1
-4,766$81.50$388k0Dec 17, 2025

Related signals

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

ScoreCompanyInsiderValueHoldingsFiled
25Weak
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
William J Link Phd
director
$980k
12,500 shares
-12%
44Moderate
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
Bobak R. Azamian
President/CEO and Board Chair
$906k
10,000 shares
-1%
55Moderate
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
Elizabeth Yeu Lin
Chief Medical Officer
$1.2M
13,953 shares
-105%
31Weak
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
Seshadri Neervannan
Chief Operating Officer
$388k
4,564 shares
-5%
42Moderate
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
Bobak R. Azamian
President/CEO and Board Chair
$801k
10,000 shares
-1%
44Moderate
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
Elizabeth Yeu Lin
Chief Medical Officer
$898k
11,578 shares
-50%
40Moderate
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
Bobak R. Azamian
President/CEO and Board Chair
$615k
10,000 shares
-1%
43Moderate
TARSsell 4
Tarsus Pharmaceuticals, Inc.
Jeffrey S Farrow
See Remarks
$877k
14,396 shares
-20%
42Moderate
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
Katherine Goodrich
director
$183k
2,954 shares
-57%
37Weak
TARSsell 410b5-1
Tarsus Pharmaceuticals, Inc.
William J Link Phd
director
$776k
12,500 shares
-10%

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.

William J Link Phd sold $1.9M of TARS | InsiderTell