Raffi Asadorian bought $37k of TLPH
Chief Financial Officer at TALPHERA, INC.. 45,000 shares at an average of $0.81, traded Feb 12, 2026, filed Feb 20, 2026.
Score components
- +22RoleCFO
- +6Trade size$37k at market
- +10Relative to holdingsHoldings up 97%
- +8Price context45% below the 52-week high
- +15Cluster4 insiders buying within 14 days
- 0Repeat buyingFirst buy in 90 days
- 0Track recordToo few past buys to judge (0 with prices)
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.
This signal so far: 1m +6.4%, 3m +5.1%, 6m +52.6%.
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.
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 0001628970-26-000002, as filed. Open on EDGAR
| Date | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|
| Feb 10, 2026 | FTax withholding Common Stock | -958 | $0.84 | $801 | 46,256 | Feb 20, 2026 |
| Feb 12, 2026 | POpen-market purchase Commom Stock | +45,000 | $0.81 | $37k | 91,256 | Feb 20, 2026 |
| Feb 14, 2026 | FTax withholding Common Stock | -2,933 | $0.79 | $2,327 | 88,323 | Feb 20, 2026 |
| Feb 12, 2026 | AGrant or award Stock Option (Right to Buy)derivative | +260,000 | $0.00 | $0 | 260,000 | Feb 20, 2026 |
Related signals
Other insiders at TALPHERA, INC. and this insider’s other filings.
| Score | Company | Insider | Value | Holdings | Filed |
|---|---|---|---|---|---|
| 54Moderate | TLPHbuy TALPHERA, INC. | Vincent J. Angotti CHIEF EXECUTIVE OFFICER | $125k 213,310 shares | +36% | |
| 63Notable | TALPHERA, INC. | Vincent J. Angotti CHIEF EXECUTIVE OFFICER | $86k 105,364 shares | +22% | |
| 53Moderate | TALPHERA, INC. | Shakil Aslam Chief Medical Officer | $28k 35,000 shares | +73% | |
| 53Moderate | TALPHERA, INC. | Badri N Dasu Chief Engineering Officer | $28k 35,000 shares | +85% | |
| 53Moderate | TLPHbuy TALPHERA, INC. | Vincent J. Angotti CHIEF EXECUTIVE OFFICER | $125k 213,310 shares | +112% | |
| 34Weak | TALPHERA, INC. | Shakil Aslam Chief Medical Officer | $6,038 5,695 shares | +18% | |
| 30Weak | TLPHbuy TALPHERA, INC. | Vincent J. Angotti CHIEF EXECUTIVE OFFICER | $3,200 5,000 shares | +2% | |
| 22Weak | TLPHsell TALPHERA, INC. | Raffi Asadorian Chief Financial Officer | $119 155 shares | -0% | |
| 25Weak | TLPHbuy TALPHERA, INC. | Vincent J. Angotti CHIEF EXECUTIVE OFFICER | $3,650 5,000 shares | +3% | |
| 44Moderate | TLPHbuy TALPHERA, INC. | Vincent J. Angotti CHIEF EXECUTIVE OFFICER | $7,598 7,260 shares | +4% |
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.