MarketPeel
Insider Trading Intelligence
RA

Raffi Asadorian

TLPH
CHIEF FINANCIAL OFFICER · TALPHERA, INC. · CIK 0001628970
FILING MIX · LIFETIME38%/62%
BUYS
6
SELLS
10
TOTAL VALUE
$47.8K
COMPANIES
1
ACTIVE SINCE
Feb 2024
HOLDINGS NOW
85,879
AVG SELL PX
$0.79
TRADE KIND
SHOWING 16 / 16
Trades · vs SPY
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Performance · forward returns vs SPY
2 backtested trades · 8 horizons · 4 pendingHow are these numbers computed? →
Forward-return performance of every backtestable P/S trade by Raffi Asadorian, measured at 8 horizons from 7 days to 2 years. Deduped per economic event so co-filings count once. Excess return = trade return minus SPY return over the same window.
HORIZONTRADESWIN RATEINSIDER RETURNSPY RETURNMEAN EXCESSMEDIAN EXCESST-STAT
7d2+0.00%+0.00%+0.32%-0.32%-0.32%
14d2+100.00%+1.79%+0.85%+0.94%+0.94%
30d2+50.00%-15.68%-2.68%-12.99%-12.99%
60d2+50.00%-9.52%+0.37%-9.89%-9.89%
90d2+100.00%-8.44%+3.00%-11.44%-11.44%
180d2(1 pending)+100.00%-34.67%-1.74%-32.93%-32.93%
1y2(1 pending)+0.00%+68.00%+13.63%+54.37%+54.37%
2y2(2 pending)
How to read this: Insider Returnis the average raw return of the filer's trades over the horizon. SPY Return is what SPY did over those same windows — reference only, not a comparison. The headline alpha number is Mean Excess = Insider − SPY; green means the filer beat SPY, red means they trailed it. Win rate is the share of individual trades where the filer beat SPY. T-statvalues above 2 mean the alpha is unlikely to be chance given the sample size. "Pending" counts trades where the horizon hasn't elapsed yet; their stats are not included in the row average.
Holdings over time
TLPH · 85,879 shares · as of Apr 2, 2026
065,000130,000195,000260,00020252026SHARES HELD
Trading cadence · quarterly flow
BUY SELL
2024
2024
2024
2024
2025
2025
2025
2025
2026
2026
FLOW · 6 buys / 10 sellsCOVERAGE · 10 quarters
Form 4 filings · all activity
COMPANYTYPESHARESPRICEVALUEHELD AFTERTRADE DATEFILEDDETAILS
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
2,444$0.72$1.8K85,879Apr 2, 2026Apr 3, 2026View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
2,933$0.79$2.3K88,323Feb 14, 2026Feb 20, 2026View →
TLPH
TALPHERA, INC.
PURCHASEGRANT
Stock grant
260,000260,000Feb 12, 2026Feb 20, 2026View →
TLPH
TALPHERA, INC.
PURCHASE
Chief Financial Officer
45,000$0.81$36.6K91,256Feb 12, 2026Feb 20, 2026View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
958$0.84$80146,256Feb 10, 2026Feb 20, 2026View →
TLPH
TALPHERA, INC.
PURCHASEGRANT
Stock grant
80,00080,000Apr 2, 2025Apr 3, 2025View →
TLPH
TALPHERA, INC.
PURCHASEGRANT
Stock grant
15,00047,214Apr 2, 2025Apr 3, 2025View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
3,245$0.67$2.2K32,214Feb 14, 2025Feb 18, 2025View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
1,060$0.62$65735,459Feb 11, 2025Feb 12, 2025View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
1,059$0.63$66736,519Feb 10, 2025Feb 12, 2025View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
155$0.77$11937,578Dec 2, 2024Dec 2, 2024View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
558$1.30$72537,733Mar 3, 2024Mar 4, 2024View →
TLPH
TALPHERA, INC.
PURCHASEGRANT
Stock grant
18,00038,291Feb 14, 2024Feb 27, 2024View →
TLPH
TALPHERA, INC.
PURCHASEGRANT
Stock grant
108,000108,000Feb 14, 2024Feb 27, 2024View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
895$1.10$98520,291Feb 11, 2024Feb 13, 2024View →
TLPH
TALPHERA, INC.
SALE
Chief Financial Officer
895$1.10$98521,186Feb 10, 2024Feb 13, 2024View →
Other insiders · TLPH
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About this filer
CIK 0001628970
ROLE
Chief Financial Officer
PRIMARY
TLPH
COMPANIES
1
ACTIVE SINCE
Feb 2024
MARKETPEEL · /INSIDER/0001628970DATA · SEC EDGAR · FORM 4 · CONSOLIDATED TAPE
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