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TARS · Tarsus Pharmaceuticals, Inc.
> Ask across nine datasets ⌘K
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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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TARS

Tarsus Pharmaceuticals, Inc.
PHARMA & BIOTECH · BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) · CIK 0001819790
FORM 144 · 8☆ WATCH
INSIDER NET · 180D
-$10.5M
open-market buys minus sells, Form 4 codes P and S
INSIDER BUYERS · 180D
0
CONGRESS BUYERS · 1Y
0
FUNDS ADDED · QTR
143
13F, latest reported quarter
REVENUE GROWTH
+146.7%
XBRL, annual
NET MARGIN
-14.7%
CONVERSIONS · 180D
15
codes C/M, not in net · no price filed
SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST
INSIDERS
net -$10.5M over 180 days
-$3.3M over 90 days
below 84% of Pharma & Biotech
CONGRESS
no member of Congress has reported trading it
FUNDS
143 funds added or opened last quarter
more than 77% of Pharma & Biotech
REVENUE
+146.7% year over year
more than 88% of Pharma & Biotech
MARGIN
-14.7% net margin
more than 52% of Pharma & Biotech
BUYBACKS
no share repurchases reported
SHORT
no short interest reported
THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET
Insiders are net sellers: -$10.5M across 9 people in 180 days.
143 funds added or opened positions in the latest 13F quarter, of 258 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 +41.3%
+41.3%12M
-16%+3%+22%+41%2025-092025-102025-122026-032026-052026-072026-09 2025-09-08 · LINK WILLIAM J PHD sold $1.5M2026-06-16 · Farrow Jeffrey S sold $877.4K2026-03-18 · Azamian Bobak R. sold $801.6K2026-03-19 · Azamian Bobak R. sold $801.6K2026-09-02 · Azamian Bobak R. sold $800.6K2026-03-17 · Azamian Bobak R. sold $761.7K2026-01-02 · Whitfield Dianne C. sold $655.5K2026-06-15 · LINK WILLIAM J PHD sold $655.1K2026-03-04 · Neervannan Seshadri sold $641.4K2025-12-16 · Whitfield Dianne C. sold $592.5K2026-03-16 · LINK WILLIAM J PHD sold $578.3K2025-12-15 · LINK WILLIAM J PHD sold $515.5K2025-12-15 · LINK WILLIAM J PHD sold $458.4K2026-01-02 · Whitfield Dianne C. sold $457.7K2025-12-24 · Azamian Bobak R. sold $448.6K2025-12-15 · LINK WILLIAM J PHD sold $407.7K2025-12-15 · LINK WILLIAM J PHD sold $388.4K2026-06-17 · Azamian Bobak R. sold $334.9K2025-09-24 · Azamian Bobak R. sold $332.2K2026-03-19 · Neervannan Seshadri sold $307.5K2026-03-17 · Mottiwala Aziz sold $297.5K2026-03-18 · Mottiwala Aziz sold $297.5K2026-03-19 · Mottiwala Aziz sold $297.5K2026-03-17 · Wahl Bryan sold $283.5K2026-03-19 · Wahl Bryan sold $283.5K2026-03-18 · Wahl Bryan sold $283.4K2026-06-17 · Azamian Bobak R. sold $280.6K2026-03-18 · Whitfield Dianne C. sold $279.7K2026-03-17 · Whitfield Dianne C. sold $279.7K2026-03-19 · Whitfield Dianne C. sold $279.7K2026-03-18 · Neervannan Seshadri sold $248.0K2026-03-16 · LINK WILLIAM J PHD sold $247.1K2026-03-17 · Neervannan Seshadri sold $216.9K2026-03-20 · Neervannan Seshadri sold $199.5K2026-06-15 · Goodrich Katherine sold $183.4K2025-12-16 · Lin Elizabeth Yeu sold $165.2K2026-03-18 · Farrow Jeffrey S sold $146.6K2026-03-17 · Farrow Jeffrey S sold $146.5K2026-03-19 · Farrow Jeffrey S sold $146.5K2026-06-15 · LINK WILLIAM J PHD sold $121.3K2025-12-15 · LINK WILLIAM J PHD sold $94.6K2026-01-02 · Whitfield Dianne C. sold $74.1K2026-09-02 · BOBAK AZAMIAN filed to sell $800.6K2026-09-02 · Lin Elizabeth Yeu filed to sell $431.0K2026-09-02 · Lin Elizabeth Yeu filed to sell $127.2K2026-09-02 · Mottiwala Aziz filed to sell $654.4K2026-09-01 · Lin Elizabeth Yeu filed to sell $339.8K2026-09-01 · Mottiwala Aziz filed to sell $5.7M2026-08-25 · Mottiwala Aziz filed to sell $5.8M2026-08-19 · Mottiwala Aziz filed to sell $3.8M
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 $10.5M sold by insiders over 180 days, 143 funds added last quarter, $17.8M 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, Tarsus Pharmaceuticals, Inc. insiders sold a net $10.5M of stock across 244 Form 4 purchases and sales, with 0 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-05.

INSIDER
FILED
SHARES
VALUE
Azamian Bobak R.
President/CEO and Board Chair
SELL
2026-09-02
10,000.0
$800.6K
Azamian Bobak R.
President/CEO and Board Chair
SELL
2026-06-17
5,418.0
$334.9K
Azamian Bobak R.
President/CEO and Board Chair
SELL
2026-06-17
4,582.0
$280.6K
Farrow Jeffrey S
See Remarks
SELL
2026-06-16
14,396.0
$877.4K
Goodrich Katherine
Director
SELL
2026-06-15
2,954.0
$183.4K
244 TRANSACTIONS ON RECORD

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Institutional holders
13F · holdings as of the latest quarter funds have reported
BlackRock, Inc.
3,856,137.0 sh
$242.7M
Deep Track Capital, LP
3,666,768.0 sh
$230.8M
RTW INVESTMENTS, LP
3,357,059.0 sh
$211.3M
Jupiter Topco LLC
2,808,796.0 sh
$176.8M
Paradigm Biocapital Advisors LP
2,775,649.0 sh
$174.7M
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
BOBAK AZAMIAN
FILED 2026-09-02
$800.6K
Lin Elizabeth Yeu
FILED 2026-09-02
$431.0K
Lin Elizabeth Yeu
FILED 2026-09-02
$127.2K
Mottiwala Aziz
FILED 2026-09-02
$654.4K
Lin Elizabeth Yeu
FILED 2026-09-01
$339.8K
Fund concentration
N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show
Invesco Pharmaceuticals ETF
$8.3M POSITION · AS OF 2026-04-30
2.5%
Lord Abbett Micro-Cap Growth Fund
$4.3M POSITION · AS OF 2026-04-30
2.1%
ALPS Medical Breakthroughs ETF
$2.9M POSITION · AS OF 2026-02-28
2.1%
Nomura Small Cap Growth Fund
$19.2M POSITION · AS OF 2026-03-31
1.9%
SFT Nomura Small Cap Growth Fund
$3.1M POSITION · AS OF 2026-03-31
1.9%
State Street(R) SPDR(R) S&P(R) Pharmaceuticals ETF
$5.9M POSITION · AS OF 2026-03-31
1.9%
SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK
Clinical pipeline
ClinicalTrials.gov · 11 registered trials, 2 still enrolling or running — a status change here is dated weeks before the press release
2
Phase 1
0 ACTIVE
6
Phase 2
2 ACTIVE
1
Phase 3
0 ACTIVE
1
Phase 4
0 ACTIVE
1
Multi-phase
0 ACTIVE
TRIALS MATCHED TO THIS TICKER BY SPONSOR NAME · STUDIES RUN UNDER A SUBSIDIARY'S OWN NAME ARE NOT INCLUDED
Executive pay vs shareholder return · Bobak Azamian
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
2025
$6.6M
$31.1M
$2.7M
+264%
+25%
2024
$7.9M
$19.8M
$3.2M
+146%
-7%
2023
$3.1M
$4.5M
$2.6M
-10%
-6%
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$451.4M$183.0M$17.4M$25.8M
OPERATING INCOME$-71.0M$-120.6M$-143.2M$-62.7M
NET INCOME$-66.0M$-116.0M$-136.0M$-62.1M
EPS (DILUTED)-1.59-3.07-4.62-2.52
OPERATING CASH FLOW$-12.5M$-83.0M$-117.5M$-49.0M
CASH$183.6M$94.8M$224.9M$71.7M
LONG-TERM DEBT$72.4M$71.8M$29.8M$19.4M
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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© 2026 WAVEMAN · SOURCE: SEC EDGAR & OFFICIAL GOVERNMENT DATA · NOT INVESTMENT ADVICE · CHART BY TRADINGVIEW · UPDATED 2026-09-05 ALL SYSTEMS LIVE FOR MACHINES →