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STOCK TITAN

[Form 4] Tarsus Pharmaceuticals, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 highlights for Tarsus Pharmaceuticals (TARS): CFO & Chief Strategy Officer Jeffrey S. Farrow reported the settlement of 27,881 restricted stock units (RSUs) on 16-Jun-2025, converting them into an equal number of common shares (Code M). The following day, 13,608 shares were sold at $40.42 per share (Code S) via a mandatory “sell-to-cover� transaction to satisfy tax-withholding requirements. After these transactions, Farrow directly owns 36,704 common shares and continues to hold 55,763 unvested/undelivered RSUs granted under the 2020 Stock Plan. The reported sale was non-discretionary and does not indicate a change in the insider’s investment outlook. No other derivative activity, option exercises, or discretionary open-market sales were disclosed.

Principali informazioni dal Modulo 4 per Tarsus Pharmaceuticals (TARS): Il CFO e Chief Strategy Officer Jeffrey S. Farrow ha comunicato la liquidazione di 27.881 unità azionarie vincolate (RSU) il 16 giugno 2025, convertendole in un numero pari di azioni ordinarie (Codice M). Il giorno seguente, 13.608 azioni sono state vendute a 40,42$ ciascuna (Codice S) tramite una transazione obbligatoria di “vendita per copertura� per soddisfare gli obblighi fiscali. Dopo queste operazioni, Farrow detiene direttamente 36.704 azioni ordinarie e continua a possedere 55.763 RSU non maturate/non consegnate concesse nell’ambito del Piano Azionario 2020. La vendita comunicata è stata non discrezionale e non indica un cambiamento nella prospettiva di investimento dell’insider. Non sono state segnalate altre attività su derivati, esercizi di opzioni o vendite discrezionali sul mercato aperto.

Aspectos destacados del Formulario 4 para Tarsus Pharmaceuticals (TARS): El CFO y Director de Estrategia Jeffrey S. Farrow informó la liquidación de 27,881 unidades restringidas de acciones (RSUs) el 16 de junio de 2025, convirtiéndolas en un número equivalente de acciones comunes (Código M). Al día siguiente, se vendieron 13,608 acciones a 40.42$ por acción (Código S) mediante una transacción obligatoria de “venta para cubrir� para cumplir con los requisitos de retención fiscal. Tras estas transacciones, Farrow posee directamente 36,704 acciones comunes y mantiene 55,763 RSUs no devengadas/no entregadas otorgadas bajo el Plan de Acciones 2020. La venta reportada fue no discrecional y no indica un cambio en la perspectiva de inversión del insider. No se divulgaron otras actividades con derivados, ejercicios de opciones o ventas discrecionales en el mercado abierto.

Tarsus Pharmaceuticals(TARS)ì� Form 4 주요 ë‚´ìš©: CFO ê²� 최고전략책임ìž�(Chief Strategy Officer) Jeffrey S. FarrowëŠ� 2025ë…� 6ì›� 16ì¼ì— 27,881ê°œì˜ ì œí•œì£¼ì‹ë‹¨ìœ„(RSU)ë¥� 정산하여 ë™ì¼í•� ìˆ˜ì˜ ë³´í†µì£¼ë¡œ 전환하였다고 보고했습니다(Code M). ë‹¤ìŒ ë‚�, 13,608주를 주당 40.42달러ì—� 매ë„하는 ì˜ë¬´ì � '세금 ë‚©ë¶€ë¥� 위한 매ë„' 거래가 ì´ë£¨ì–´ì¡ŒìŠµë‹ˆë‹�(Code S). ì� 거래 ì´í›„ FarrowëŠ� ì§ì ‘ 36,704ì£¼ì˜ ë³´í†µì£�ë¥� 보유하고 있으ë©�, 2020ë…� ì£¼ì‹ ê³„íšì—� ë”°ë¼ ë¶€ì—¬ëœ 55,763ê°œì˜ ë¯¸í™•ì �/미지ê¸� RSUë� ê³„ì† ë³´ìœ  중입니다. ë³´ê³ ë� 매ë„ëŠ� ë¹Ñ«ž¬ëŸ‰ì ì´ë©° ë‚´ë¶€ìžì˜ íˆ¬ìž ì „ë§ ë³€í™”ëŠ” 나타내지 않습니다. 기타 파ìƒìƒí’ˆ 활ë™, 옵션 행사 ë˜ëŠ” 재량ì � 공개시장 매ë„ëŠ� ë³´ê³ ë˜ì§€ 않았습니ë‹�.

Points clés du Formulaire 4 pour Tarsus Pharmaceuticals (TARS) : Le CFO et Chief Strategy Officer Jeffrey S. Farrow a déclaré le règlement de 27 881 unités d’actions restreintes (RSU) le 16 juin 2025, les convertissant en un nombre égal d’actions ordinaires (Code M). Le lendemain, 13 608 actions ont été vendues à 40,42 $ chacune (Code S) via une transaction obligatoire de « vente pour couvrir » afin de satisfaire aux exigences de retenue fiscale. Après ces transactions, Farrow détient directement 36 704 actions ordinaires et continue de détenir 55 763 RSU non acquises/non livrées attribuées dans le cadre du Plan d’Actions 2020. La vente rapportée était non discrétionnaire et n’indique pas de changement dans la perspective d’investissement de l’initié. Aucune autre activité sur dérivés, exercice d’options ou vente discrétionnaire sur le marché ouvert n’a été divulguée.

Form 4 Highlights für Tarsus Pharmaceuticals (TARS): CFO und Chief Strategy Officer Jeffrey S. Farrow meldete die Abrechnung von 27.881 Restricted Stock Units (RSUs) am 16. Juni 2025, die in eine gleiche Anzahl von Stammaktien umgewandelt wurden (Code M). Am folgenden Tag wurden 13.608 Aktien zu je 40,42 $ im Rahmen einer verpflichtenden „Sell-to-Cover�-Transaktion verkauft, um die Steuerabzugsverpflichtungen zu erfüllen (Code S). Nach diesen Transaktionen besitzt Farrow direkt 36.704 Stammaktien und hält weiterhin 55.763 unverfallene/nicht ausgelieferte RSUs, die im Rahmen des Aktienplans von 2020 gewährt wurden. Der gemeldete Verkauf war nicht diskretionär und deutet nicht auf eine Änderung der Investitionsperspektive des Insiders hin. Keine weiteren Derivataktivitäten, Optionsausübungen oder diskretionären Verkäufe am offenen Markt wurden offengelegt.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Routine RSU vesting; tax-related sale, minimal market impact.

The filing documents a standard vesting event for 27,881 RSUs granted in 2023. The insider’s subsequent sale of 13,608 shares—roughly 49% of the shares received—was an automatic, issuer-directed action to cover withholding taxes, limiting informational value regarding the executive’s sentiment. Post-transaction ownership remains meaningful at 36,704 shares plus 55,763 RSUs, indicating continued alignment with shareholders. Given Tarsus� ~27 million shares outstanding, the net share sale represents <0.05% of float and should not materially influence supply-demand dynamics or valuation. Overall, the filing is neutral for investors.

Principali informazioni dal Modulo 4 per Tarsus Pharmaceuticals (TARS): Il CFO e Chief Strategy Officer Jeffrey S. Farrow ha comunicato la liquidazione di 27.881 unità azionarie vincolate (RSU) il 16 giugno 2025, convertendole in un numero pari di azioni ordinarie (Codice M). Il giorno seguente, 13.608 azioni sono state vendute a 40,42$ ciascuna (Codice S) tramite una transazione obbligatoria di “vendita per copertura� per soddisfare gli obblighi fiscali. Dopo queste operazioni, Farrow detiene direttamente 36.704 azioni ordinarie e continua a possedere 55.763 RSU non maturate/non consegnate concesse nell’ambito del Piano Azionario 2020. La vendita comunicata è stata non discrezionale e non indica un cambiamento nella prospettiva di investimento dell’insider. Non sono state segnalate altre attività su derivati, esercizi di opzioni o vendite discrezionali sul mercato aperto.

Aspectos destacados del Formulario 4 para Tarsus Pharmaceuticals (TARS): El CFO y Director de Estrategia Jeffrey S. Farrow informó la liquidación de 27,881 unidades restringidas de acciones (RSUs) el 16 de junio de 2025, convirtiéndolas en un número equivalente de acciones comunes (Código M). Al día siguiente, se vendieron 13,608 acciones a 40.42$ por acción (Código S) mediante una transacción obligatoria de “venta para cubrir� para cumplir con los requisitos de retención fiscal. Tras estas transacciones, Farrow posee directamente 36,704 acciones comunes y mantiene 55,763 RSUs no devengadas/no entregadas otorgadas bajo el Plan de Acciones 2020. La venta reportada fue no discrecional y no indica un cambio en la perspectiva de inversión del insider. No se divulgaron otras actividades con derivados, ejercicios de opciones o ventas discrecionales en el mercado abierto.

Tarsus Pharmaceuticals(TARS)ì� Form 4 주요 ë‚´ìš©: CFO ê²� 최고전략책임ìž�(Chief Strategy Officer) Jeffrey S. FarrowëŠ� 2025ë…� 6ì›� 16ì¼ì— 27,881ê°œì˜ ì œí•œì£¼ì‹ë‹¨ìœ„(RSU)ë¥� 정산하여 ë™ì¼í•� ìˆ˜ì˜ ë³´í†µì£¼ë¡œ 전환하였다고 보고했습니다(Code M). ë‹¤ìŒ ë‚�, 13,608주를 주당 40.42달러ì—� 매ë„하는 ì˜ë¬´ì � '세금 ë‚©ë¶€ë¥� 위한 매ë„' 거래가 ì´ë£¨ì–´ì¡ŒìŠµë‹ˆë‹�(Code S). ì� 거래 ì´í›„ FarrowëŠ� ì§ì ‘ 36,704ì£¼ì˜ ë³´í†µì£�ë¥� 보유하고 있으ë©�, 2020ë…� ì£¼ì‹ ê³„íšì—� ë”°ë¼ ë¶€ì—¬ëœ 55,763ê°œì˜ ë¯¸í™•ì �/미지ê¸� RSUë� ê³„ì† ë³´ìœ  중입니다. ë³´ê³ ë� 매ë„ëŠ� ë¹Ñ«ž¬ëŸ‰ì ì´ë©° ë‚´ë¶€ìžì˜ íˆ¬ìž ì „ë§ ë³€í™”ëŠ” 나타내지 않습니다. 기타 파ìƒìƒí’ˆ 활ë™, 옵션 행사 ë˜ëŠ” 재량ì � 공개시장 매ë„ëŠ� ë³´ê³ ë˜ì§€ 않았습니ë‹�.

Points clés du Formulaire 4 pour Tarsus Pharmaceuticals (TARS) : Le CFO et Chief Strategy Officer Jeffrey S. Farrow a déclaré le règlement de 27 881 unités d’actions restreintes (RSU) le 16 juin 2025, les convertissant en un nombre égal d’actions ordinaires (Code M). Le lendemain, 13 608 actions ont été vendues à 40,42 $ chacune (Code S) via une transaction obligatoire de « vente pour couvrir » afin de satisfaire aux exigences de retenue fiscale. Après ces transactions, Farrow détient directement 36 704 actions ordinaires et continue de détenir 55 763 RSU non acquises/non livrées attribuées dans le cadre du Plan d’Actions 2020. La vente rapportée était non discrétionnaire et n’indique pas de changement dans la perspective d’investissement de l’initié. Aucune autre activité sur dérivés, exercice d’options ou vente discrétionnaire sur le marché ouvert n’a été divulguée.

Form 4 Highlights für Tarsus Pharmaceuticals (TARS): CFO und Chief Strategy Officer Jeffrey S. Farrow meldete die Abrechnung von 27.881 Restricted Stock Units (RSUs) am 16. Juni 2025, die in eine gleiche Anzahl von Stammaktien umgewandelt wurden (Code M). Am folgenden Tag wurden 13.608 Aktien zu je 40,42 $ im Rahmen einer verpflichtenden „Sell-to-Cover�-Transaktion verkauft, um die Steuerabzugsverpflichtungen zu erfüllen (Code S). Nach diesen Transaktionen besitzt Farrow direkt 36.704 Stammaktien und hält weiterhin 55.763 unverfallene/nicht ausgelieferte RSUs, die im Rahmen des Aktienplans von 2020 gewährt wurden. Der gemeldete Verkauf war nicht diskretionär und deutet nicht auf eine Änderung der Investitionsperspektive des Insiders hin. Keine weiteren Derivataktivitäten, Optionsausübungen oder diskretionären Verkäufe am offenen Markt wurden offengelegt.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Farrow Jeffrey S

(Last) (First) (Middle)
C/O TARSUS PHARMACEUTICALS, INC.
15440 LAGUNA CANYON ROAD, SUITE 160

(Street)
IRVINE CA 92618

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Tarsus Pharmaceuticals, Inc. [ TARS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
See Remarks
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/16/2025 M(1) 27,881 A (1) 50,312 D
Common Stock 06/17/2025 S(2) 13,608 D $40.42 36,704 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) 06/16/2025 M 27,881 (4) (4) Common Stock 27,881 $0 55,763 D
Explanation of Responses:
1. The shares were issued pursuant to settlement of vested Restricted Stock Units ("RSUs"). Each RSU represents a contingent right to receive one share of the Company's common stock.
2. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. The sale is mandated by the Issuer's election to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary transaction by the Reporting Person.
3. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Company's common stock.
4. RSUs granted on April 24, 2023, under the Tarsus Pharmaceuticals, Inc. 2020 Stock Plan. 25% of the RSUs will vest on June 15th of each of 2024, 2025, 2026 and 2027, subject to the Reporting Person's continuous service.
Remarks:
Chief Financial Officer and Chief Strategy Officer
/s/ Jeffrey Farrow 06/18/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many TARS shares did CFO Jeffrey Farrow acquire and sell?

27,881 shares were acquired through RSU settlement; 13,608 shares were sold to cover taxes.

What price were the TARS shares sold at in the Form 4?

Shares were sold at $40.42 per share on 17-Jun-2025.

Was the insider sale discretionary?

No. The sale was a mandatory “sell-to-cover� for tax withholding, not a discretionary disposition.

How many TARS shares does the CFO still own after the transactions?

Jeffrey Farrow directly owns 36,704 common shares plus 55,763 RSUs that remain unvested/undelivered.

Do these transactions materially affect Tarsus Pharmaceuticals� share count?

No. The net change is immaterial relative to the company’s total shares outstanding.
Tarsus Pharmaceuticals, Inc.

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1.69B
38.55M
8.04%
103.1%
19.13%
Biotechnology
Biological Products, (no Disgnostic Substances)
United States
IRVINE