SPRY · NASDAQ · Biotechnology

ARS Pharmaceuticals

Maker of the first FDA-approved needle-free nasal spray for severe allergic reactions.

$5.99
After-hours close+0.10 (+1.78%)
At close$5.89(−2.40%)

Breakdown13F · Form 4

Institutions 92.12%Insiders 15.11%

Institutions and insiders are filed separately and overlap, so together they can pass the whole company. No split is drawn from them.

Shares outstanding 99.30M · Float 64.50M · 65.0% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
Ra Capital Management, L.P.10.86M10.94%13FAug 14, 2026
Rubric Capital Management LP8.54M8.60%13FAug 14, 2026
Orbimed Advisors LLC8.29M8.35%13FAug 14, 2026
Deerfield Management Company, L.P. (Series C)7.50M7.56%13FAug 14, 2026
Richard E. Lowenthal · director, 10 percent owner, officer: PRESIDENT AND CEO5.52M5.56%Form 4Aug 22, 2025

Institutions13F, as of Jun 30, 2026

214 holders · 91.48M shares · 40 new positions · 116 increased · 53 reduced · 34 closed

HolderShares% outstandingChg q/qFiled
Ra Capital Management, L.P.10.86M10.94%0Aug 14, 2026
Rubric Capital Management LP8.54M8.60%+540.9KAug 14, 2026
Orbimed Advisors LLC8.29M8.35%0Aug 14, 2026
Deerfield Management Company, L.P. (Series C)7.50M7.56%0Aug 14, 2026
BlackRock, Inc.5.31M5.35%+299.1KAug 7, 2026
Tyro Capital Management LLC4.46M4.49%+1.49MAug 13, 2026
Abrdn PLC4.17M4.20%+57.0KJul 31, 2026
Sr One Capital Management, LP4.01M4.04%0Aug 12, 2026

Beneficial owners13D/G · 5% or more, as filed

Holder% of classSharesFormFiled
RA Capital Management, L.P.incl. RA Capital Healthcare Fund, L.P., Peter Kolchinsky +1 more11.10%10.94M13DOct 1, 2025
Rubric Capital Management LP8.06%8.00M13GMay 15, 2026
Deerfield Management Company, L.P.incl. Deerfield Mgmt III, L.P., Deerfield Private Design Fund III, L.P. +3 more7.75%7.61M13DAug 1, 2025
Millennium Management LLC5.40%5.39M13GMar 24, 2026
BlackRock, Inc.5.30%5.22M13GJul 27, 2026

InsidersForm 4

InsiderRoleShares% outstandingFiled
Richard E. Lowenthaldirector, 10 percent owner, officer: PRESIDENT AND CEO5.52M5.56%Aug 22, 2025
Flynn James E10 percent owner4.89M4.92%Jul 1, 2025
Sarina Tanimoto10 percent owner, officer: CHIEF MEDICAL OFFICER4.67M4.70%Aug 21, 2025
Pratik Shahdirector4.47M4.51%Nov 14, 2025
Laura Shawverdirector210.3K0.21%Apr 8, 2025
Alexander A. Fitzpatrickofficer: Chief Legal Officer90.9K0.09%Jun 12, 2026
Eric Karasofficer: Chief Commercial Officer12.2K0.01%Jun 12, 2026
Brian Dorseyofficer: Chief Operating Officer10.8K0.01%Nov 14, 2025
Kathleen D. Scottofficer: Chief Financial Officer10.0K0.01%Aug 22, 2025

1 ten-percent owner holds 4.89M shares by Form 4, outside the officers-and-directors figure above · 3 people have not refiled in the last 18 months (21.50M shares), so they are not in the figure above

Latest trades

DateInsiderTypeSharesAvg priceOwned after
Jun 12, 2026
Alexander A. Fitzpatrickofficer: Chief Legal Officer
Sale3,355$10.0090,910
Jun 12, 2026
Eric Karasofficer: Chief Commercial Officer
Sale25,000$10.0012,176
Nov 12, 2025
Justin Chakmaofficer: Chief Business Officer
Sale · 2 lots166,380$8.870
Nov 13, 2025
Brian Dorseyofficer: Chief Operating Officer
Sale21,828$8.7110,789

CongressHouse and Senate disclosures

Not reported.