ARS Pharma insider plans $147K stock sale Aug. 20

ARS Pharmaceuticals, Inc. (SPRY) had a Form 144 filed on behalf of Sarina Tanimoto, indicating an intended sale of 25,000 shares of common stock.

Rhea-AI Filing Summary

ARS Pharmaceuticals, Inc. (SPRY) had a Form 144 filed on behalf of Sarina Tanimoto, indicating an intended sale of 25,000 shares of common stock. The shares are to be sold through Morgan Stanley Smith Barney LLC Executive Financial Services, with an anticipated sale date of 08/20/2026, in connection with a stock option exercise for cash. Over the prior three months, Sarina Tanimoto reported sales of additional common shares of ARS Pharmaceuticals.

Key Figures

Shares to be sold: 25,000 shares of common stock Aggregate market value of planned sale: $147,970.00 Sale on 08/19/2026: 25,000 shares; $161,170.00 +2 more

5 metrics

Shares to be sold 25,000 shares of common stock Planned sale reported for 08/20/2026 in connection with stock option exercise

Aggregate market value of planned sale $147,970.00 Value associated with 25,000 shares of common stock to be sold

Sale on 08/19/2026 25,000 shares; $161,170.00 Common stock sold by Sarina Tanimoto during the past 3 months

Sale on 08/18/2026 49,401 shares; $311,191.72 Common stock sold by Sarina Tanimoto during the past 3 months

Anticipated sale date 08/20/2026 Date listed for the planned sale of 25,000 shares

Key Terms

Form 144, Rule 144, Stock Option Exercise, aggregate market value

4 terms

Form 144 regulatory

"144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Stock Option Exercise financial

"Common | 08/20/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

aggregate market value financial

"Common | Morgan Stanley Smith Barney LLC Executive Financial Services ... | 25000 | 147970.00"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filed for ARS Pharmaceuticals (SPRY) disclose?

The Form 144 discloses that Sarina Tanimoto plans to sell 25,000 shares of ARS Pharmaceuticals common stock, in connection with a stock option exercise, with an anticipated sale date of 08/20/2026 through Morgan Stanley Smith Barney LLC Executive Financial Services.

How many ARS Pharmaceuticals (SPRY) shares are covered by the planned sale?

The planned sale covers 25,000 shares of ARS Pharmaceuticals common stock, as reported in the Form 144 under the section for securities to be sold.

What is the reported aggregate market value for the ARS Pharmaceuticals (SPRY) shares in the Form 144?

The Form 144 lists an aggregate market value of $147,970.00 for the 25,000 shares of ARS Pharmaceuticals common stock to be sold.

What prior ARS Pharmaceuticals (SPRY) share sales by Sarina Tanimoto are disclosed?

The filing reports that Sarina Tanimoto sold 25,000 shares of common stock on 08/19/2026 for $161,170.00 and 49,401 shares on 08/18/2026 for $311,191.72 during the past three months.

What is the method of acquiring the ARS Pharmaceuticals (SPRY) shares to be sold?

The Form 144 states that the 25,000 shares of ARS Pharmaceuticals common stock to be sold on 08/20/2026 will be acquired through a Stock Option Exercise, with consideration in cash.

Which broker is listed for the ARS Pharmaceuticals (SPRY) Form 144 sale?

The broker listed is Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, 8th Floor, New York, NY 10004.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/20/2026 - 05:32 PM Accepted by SEC EDGAR 08/20/2026 - 05:32 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001951291
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	ARS PHARMACEUTICALS, INC.
SEC File Number	001-39756
Address of Issuer	11682 El Camino Real Suite 300 San Diego CALIFORNIA 92130
Phone	(858) 771-9307
Name of Person for Whose Account the Securities are To Be Sold	SARINA TANIMOTO
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer
Relationship to Issuer	10% Stockholder

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	25000	147970.00	99447343	08/20/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/20/2026	Stock Option Exercise	Issuer			25000	08/20/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
SARINA TANIMOTO 11682 El Camino Real Suite 300 San Diego CA 92130	Common	08/19/2026	25000	161170.00
SARINA TANIMOTO 11682 El Camino Real Suite 300 San Diego CA 92130	Common	08/18/2026	49401	311191.72

144: Remarks and Signature

Remarks
Date of Notice	08/20/2026
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Sarina Tanimoto
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)