Skip to content
buyModerate

Paul B Manning bought $3.0M of CADL

director at Candel Therapeutics, Inc.. 550,458 shares at an average of $5.45, traded Feb 23, 2026, filed Feb 26, 2026.

Conviction score
54
Value
$3.0M
550,458 shares
Holdings after
2,763,527
+25% from before
From 52-week low
+13%
low $4.39, close $4.97
From 52-week high
-55%
high $10.96, as of Feb 23, 2026

Score components

  • Role
    Director
    +15
  • Trade size
    $3.0M at market
    +25
  • Relative to holdings
    Holdings up 25%
    +6
  • Price context
    55% below the 52-week high
    +8
  • Cluster
    No other insider buying within 14 days
    0
  • Repeat buying
    First buy in 90 days
    0
  • Track record
    Too few past buys to judge (0 with prices)
    0

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 -6.6%, 3m +57.1%, 6m +167.0%.

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.

CADLOct 13, 2026 · close 9.27
Since filing Feb 26, 2026: +80.0%SPY +13.8% · excess +66.2%

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 0001193125-26-078246, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Feb 23, 2026POpen-market purchase
Common Stockindirect: By Paul B. Manning Revocable Trust
+550,458$5.45$3.0M2,763,527Feb 26, 2026

Related signals

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

ScoreCompanyInsiderValueHoldingsFiled
35Weak
CADLsell10b5-1
Candel Therapeutics, Inc.
Paul Peter Tak
Chief Executive Officer
$3.2M
280,245 shares
-71%
4Weak
CADLsell10b5-1
Candel Therapeutics, Inc.
Seshu Tyagarajan
Chief Technology Officer
$84k
7,000 shares
-8%
21Weak
CADLsell 210b5-1
Candel Therapeutics, Inc.
Francesca Barone
Chief Scientific Officer
$236k
23,447 shares
-23%
11Weak
CADLsell 210b5-1
Candel Therapeutics, Inc.
Seshu Tyagarajan
Chief Technology Officer
$70k
7,000 shares
-8%
0Weak
CADLsell10b5-1
Candel Therapeutics, Inc.
William Garrett Nichols
Chief Medical Officer
$6,540
937 shares
-2%
0Weak
CADLsell10b5-1
Candel Therapeutics, Inc.
William Garrett Nichols
Chief Medical Officer
$3,936
781 shares
-1%
14Weak
CADLsell 510b5-1
Candel Therapeutics, Inc.
Francesca Barone
Chief Scientific Officer
$282k
32,146 shares
-25%
38Weak
CADLsell 510b5-1
Candel Therapeutics, Inc.
Paul Peter Tak
Chief Executive Officer
$230k
26,172 shares
-10%
21Weak
CADLsell 510b5-1
Candel Therapeutics, Inc.
William Garrett Nichols
Chief Medical Officer
$397k
45,316 shares
-46%
21Weak
CADLsell 510b5-1
Candel Therapeutics, Inc.
Charles Schoch
See Remarks
$44k
5,000 shares
-12%

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.