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WAVEMAN · COMPANY
ORKA · Oruka Therapeutics, Inc.
> Ask across nine datasets ⌘K
LIVE
TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475
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ORKA

Oruka Therapeutics, Inc.
PHARMA & BIOTECH · PHARMACEUTICAL PREPARATIONS · CIK 0000907654
FORM 144 · 6☆ WATCH
INSIDER NET · 180D
-$329.3M
open-market buys minus sells, Form 4 codes P and S
INSIDER BUYERS · 180D
0
CONGRESS BUYERS · 1Y
0
FUNDS ADDED · QTR
196
13F, latest reported quarter
REVENUE GROWTH
-
XBRL, annual
NET MARGIN
-
CONVERSIONS · 180D
30
codes C/M, not in net · $2.8M priced
SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST
INSIDERS
net -$329.3M over 180 days
-$320.8M over 90 days · -$300.0M of it by a 10%+ holder
below 99% of Pharma & Biotech
CONGRESS
no member of Congress has reported trading it
FUNDS
196 funds added or opened last quarter
more than 87% of Pharma & Biotech
REVENUE
no revenue reported in any filing
MARGIN
no margin: this company reports no revenue to divide by
BUYBACKS
no share repurchases reported
SHORT
12.2% of shares outstanding short · 8.4 days to cover · settled 2026-07-31
more than 84% of Pharma & Biotech
THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET
Insiders are net sellers: -$329.3M across 7 people in 180 days.
196 funds added or opened positions in the latest 13F quarter, of 259 holders.
The year, with the filings on it
Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail
TOTAL 12M RETURN +484.8%
+484.8%12M
-4%+206%+416%+627%2025-092025-102025-122026-032026-052026-072026-09 2026-07-01 · Fairmount Funds Management LLC sold $300.0M2026-09-01 · Klein Lawrence Otto sold $5.8M2026-05-21 · Dambkowski Carl sold $3.2M2026-05-21 · Dambkowski Carl sold $2.2M2026-08-14 · Quinlan Paul T sold $1.6M2026-06-11 · Dambkowski Carl sold $1.6M2026-08-14 · Quinlan Paul T sold $1.1M2026-08-14 · Quinlan Paul T sold $1.1M2026-08-14 · Quinlan Paul T sold $1.0M2026-06-12 · Dambkowski Carl sold $882.2K2026-05-21 · Dambkowski Carl sold $793.7K2026-09-01 · Klein Lawrence Otto sold $599.6K2026-07-13 · Agarwal Arjun sold $480.2K2026-09-01 · Klein Lawrence Otto sold $443.7K2026-08-14 · Quinlan Paul T sold $427.5K2026-08-14 · Quinlan Paul T sold $385.0K2026-08-17 · Goncalves Joana sold $371.9K2026-09-01 · Sandler Laura Lee sold $368.1K2026-06-15 · Goncalves Joana sold $351.5K2026-07-15 · Goncalves Joana sold $329.6K2026-07-13 · Agarwal Arjun sold $315.4K2026-06-12 · Agarwal Arjun sold $303.1K2026-05-15 · Goncalves Joana sold $295.5K2026-08-17 · Goncalves Joana sold $279.2K2026-04-15 · Goncalves Joana sold $277.8K2026-05-18 · Agarwal Arjun sold $272.3K2026-08-13 · Agarwal Arjun sold $255.8K2026-01-02 · Sandler Laura Lee sold $246.4K2026-05-18 · Agarwal Arjun sold $244.4K2026-08-13 · Agarwal Arjun sold $230.7K2026-06-12 · Agarwal Arjun sold $229.3K2026-08-13 · Agarwal Arjun sold $225.1K2026-08-13 · Agarwal Arjun sold $219.8K2026-07-01 · Sandler Laura Lee sold $214.4K2026-07-15 · Goncalves Joana sold $214.4K2026-07-01 · Sandler Laura Lee sold $209.9K2026-02-17 · Goncalves Joana sold $195.9K2026-04-15 · Goncalves Joana sold $151.3K2026-01-15 · Goncalves Joana sold $138.3K2026-05-01 · Sandler Laura Lee sold $137.7K2026-08-13 · Agarwal Arjun sold $135.2K2026-05-15 · Goncalves Joana sold $131.1K2026-09-01 · LAWRENCE KLEIN filed to sell $6.9M2026-09-01 · LAURA SANDLER filed to sell $463.1K2026-08-14 · PAUL QUINLAN filed to sell $7.7M2026-07-15 · JOANA GONCALVES filed to sell $1.8M2026-07-13 · Arjun Agarwal filed to sell $2.5M2026-07-01 · Fairmount Healthcare Fund II L.P. filed to sell $300.0M
INSIDER SELLFORM 144
INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY
Live price
Daily candles from TradingView, on their licence — no filings are marked on this one
WHY THIS NAME IS ON THE DESK
Insiders have filed to sell — before selling.
The record shows a net $329.3M sold by insiders over 180 days, 196 funds added last quarter, $319.4M in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.
Backtest this pattern Open the screener
Same sector, ranked by filing activity
Sector from the SEC's own SIC classification
UTHRCPIXMRNAREGNLLYALNYELFCITRMDGLDNAVRTXNUVL
Insider transactions
Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, Oruka Therapeutics, Inc. insiders sold a net $329.3M of stock across 92 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-05.

INSIDER
FILED
SHARES
VALUE
Klein Lawrence Otto
Chief Executive Officer
SELL
2026-09-01
6,604.0
$599.6K
Klein Lawrence Otto
Chief Executive Officer
SELL
2026-09-01
63,596.0
$5.8M
Klein Lawrence Otto
Chief Executive Officer
SELL
2026-09-01
4,800.0
$443.7K
Sandler Laura Lee
Chief Operating Officer
SELL
2026-09-01
1,000.0
$91.0K
Sandler Laura Lee
Chief Operating Officer
SELL
2026-09-01
4,000.0
$368.1K
92 TRANSACTIONS ON RECORD

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Institutional holders
13F · holdings as of the latest quarter funds have reported
FMR LLC
9,057,645.0 sh
$862.0M
BlackRock, Inc.
4,990,181.0 sh
$474.9M
Venrock Adviser, LLC
4,148,428.0 sh
$394.8M
Fairmount Funds Management LLC
3,705,262.0 sh
$352.6M
Capital World Investors
3,401,639.0 sh
$323.7M
SCHEDULE 13D/G
No 5%+ ownership filings
Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.
Planned sales · Form 144
Filed before the sale — intent, not a trade
LAWRENCE KLEIN
FILED 2026-09-01
$6.9M
LAURA SANDLER
FILED 2026-09-01
$463.1K
PAUL QUINLAN
FILED 2026-08-14
$7.7M
JOANA GONCALVES
FILED 2026-07-15
$1.8M
Arjun Agarwal
FILED 2026-07-13
$2.5M
Fund concentration
N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show
Fidelity Advisor Biotechnology Fund
$50.4M POSITION · AS OF 2026-04-30
2.7%
Tactical Growth Allocation Fund
$704.6K POSITION · AS OF 2026-03-31
1.9%
Virtus Biotech Clinical Trials Etf
$625.5K POSITION · AS OF 2026-04-30
1.7%
Invesco Dorsey Wright Healthcare Momentum ETF
$1.9M POSITION · AS OF 2026-04-30
1.6%
Franklin Biotechnology Discovery Fund
$15.2M POSITION · AS OF 2026-04-30
1.5%
AlphaCentric Life Sciences and Healthcare Fund
$564.4K POSITION · AS OF 2026-03-31
1.4%
SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK
Clinical pipeline
ClinicalTrials.gov · 7 registered trials, 6 still enrolling or running — a status change here is dated weeks before the press release
2
Phase 1
1 ACTIVE
5
Phase 2
5 ACTIVE
What changed recently
ORKA-002 Versus Placebo in Participants With Moderate-to-Severe Hidradenitis Suppurativa
2026-09-01 · Not Yet Recruiting → Recruiting
Phase 2
TRIALS MATCHED TO THIS TICKER BY SPONSOR NAME · STUDIES RUN UNDER A SUBSIDIARY'S OWN NAME ARE NOT INCLUDED
Executive pay vs shareholder return
DEF 14A pay-versus-performance disclosure · both the headline pay and the SEC's mark-to-market figure, beside the return the company delivered and the return of the peer group it chose itself
FY
CEO TOTAL
ACTUALLY PAID
OTHER NEOs AVG
TSR
PEER TSR
2022
$358.8K
$523.8K
$382.7K
-41%
—
2021
$526.5K
$409.9K
$393.3K
-46%
—
TAGGED BY THE COMPANY UNDER SEC ITEM 402(v) · RETURN IS CUMULATIVE FROM THE START OF THE DISCLOSURE PERIOD · GREEN WHERE THE COMPANY BEAT ITS OWN PEER GROUP
Fundamentals
Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all
2025-122024-122023-122022-12
REVENUE——$0$0
OPERATING INCOME$-122.1M—$-7.3M$-10.6M
NET INCOME$-105.4M$-83.7M$-5.3M$-9.9M
EPS (DILUTED)——-0.37-0.69
OPERATING CASH FLOW$-88.2M—$-5.0M$-10.9M
CASH$46.9M$61.6M$37.4M$42.4M
SEC XBRL · FISCAL-YEAR PERIODS · AS KNOWN ON 2026-09-05 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE
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Public filings, honestly analyzed. Official US government sources in one desk — every figure carries the date it was filed, and the methodology is published, backtest included.

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