Talphera, Inc. (NASDAQ:TLPH) disclosed insider activity by its chief financial officer, Raffi Asadorian, in filings with the U.S. Securities and Exchange Commission.
According to a Form 4 filing, Asadorian purchased 45,000 shares of the company’s common stock on February 12 at an exercise price of $0.8123 per share, representing a total cash outlay of $36,553. The company’s shares were trading at $0.78 at the time, and Talphera reported a market capitalization of $36.09 million.
The filing also shows that Asadorian surrendered 3,891 shares between February 10 and February 14 to satisfy tax withholding obligations. Those surrendered shares were reported at prices ranging from $0.7934 to $0.8361 and had an aggregate value of $3,128.
In the same filing, Asadorian was granted options to purchase 260,000 shares of Talphera common stock on February 12. The options are exercisable at $0.8123 per share and carry an expiration date of 2036-02-11.
Separately, InvestingPro analysis included with the filing noted that the stock appears undervalued at current levels. For readers seeking a deeper look at valuation and financial metrics, a Pro Research Report covering this issuer is available, along with reports for more than 1,400 other U.S. equities.
Context and immediate facts
- Purchase: 45,000 shares on February 12 at $0.8123 per share - total $36,553.
- Surrender: 3,891 shares surrendered between February 10 and February 14 to cover taxes; prices between $0.7934 and $0.8361 - total $3,128.
- Option grant: 260,000 options granted on February 12, exercisable at $0.8123, expiring 2036-02-11.
- Market snapshot: stock trading at $0.78 and company market capitalization reported as $36.09 million.
Notes on interpretation
The SEC Form 4 provides the transaction-level details above; no additional commentary or conclusions are included in the filing itself. The InvestingPro observation that the share price appears undervalued is noted in the filing materials referenced.