Tarsus ex-officer plans $5.7M share sale

Tarsus Pharmaceuticals, Inc. (TARS) is the issuer for a Form 144 filed for the account of former officer Aziz A. Mottiwala.

Rhea-AI Filing Summary

Tarsus Pharmaceuticals, Inc. (TARS) is the issuer for a Form 144 filed for the account of former officer Aziz A. Mottiwala. The notice covers a proposed sale of up to 77,698 shares of common stock, planned in connection with a stock option exercise dated September 1, 2026. The securities are to be sold through Fidelity Brokerage Services LLC, with trading on NASDAQ. The filing also lists prior sales of common stock by Aziz A. Mottiwala during the past three months.

Key Figures

Proposed shares to be sold: 77,698 shares Approximate aggregate market value of proposed sale: 5,746,846.04 Shares sold on 08/19/2026: 53,043 shares +3 more

6 metrics

Proposed shares to be sold 77,698 shares Common stock proposed for sale in connection with a stock option exercise dated 09/01/2026

Approximate aggregate market value of proposed sale 5,746,846.04 Aggregate market value for 77,698 shares of common stock listed in the securities information section

Shares sold on 08/19/2026 53,043 shares Common stock sold by Aziz A. Mottiwala on 08/19/2026

Aggregate value on 08/19/2026 sale 3,842,690.85 Aggregate value of common stock sold on 08/19/2026

Shares sold on 08/25/2026 81,332 shares Common stock sold by Aziz A. Mottiwala on 08/25/2026

Aggregate value on 08/25/2026 sale 5,843,886.22 Aggregate value of common stock sold on 08/25/2026

Key Terms

Form 144, Rule 144, stock option exercise, attorney-in-fact

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 | 09/01/2026 | 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.

attorney-in-fact regulatory

"as attorney-in-fact for Aziz Mottiwala"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

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

What does the Form 144 filing for TARS disclose about Aziz A. Mottiwala?

The Form 144 identifies Aziz A. Mottiwala, a former officer of Tarsus Pharmaceuticals, Inc. (TARS), as the person for whose account the securities may be sold, with sales reported and proposed under Rule 144.

How many TARS shares are proposed to be sold in this Form 144?

The notice covers a proposed sale of up to 77,698 shares of Tarsus Pharmaceuticals, Inc. common stock, with the transaction tied to a stock option exercise dated September 1, 2026.

What prior sales of TARS stock by Aziz A. Mottiwala are reported?

The filing reports two prior sales of Tarsus common stock: 53,043 shares sold on 08/19/2026 for an aggregate of 3,842,690.85, and 81,332 shares sold on 08/25/2026 for an aggregate of 5,843,886.22.

What is the approximate market value of the TARS shares proposed to be sold?

The proposed sale of 77,698 shares of Tarsus common stock has an approximate aggregate market value of 5,746,846.04, as stated in the Form 144 securities information section.

Which broker is handling the proposed TARS share sale in this Form 144?

The proposed sale of Tarsus Pharmaceuticals, Inc. common stock is listed under Fidelity Brokerage Services LLC, with the securities to be traded on NASDAQ.

Who signed the Form 144 related to TARS on behalf of the seller?

The Form 144 is signed /s/ Daniel Tucci as a duly authorized representative of Fidelity Brokerage Services LLC, acting as attorney-in-fact for Aziz Mottiwala, dated September 1, 2026.

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

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Available on EDGAR 09/01/2026 - 04:10 PM EDT Accepted by SEC EDGAR 09/01/2026 - 04:09 PM EDT 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	0001788542
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	Tarsus Pharmaceuticals, Inc.
SEC File Number	001-39614
Address of Issuer	15440 LAGUNA CANYON ROAD IRVINE CALIFORNIA 92618
Phone	(949) 409-9820
Name of Person for Whose Account the Securities are To Be Sold	Mottiwala Aziz
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	Former Officer

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	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	77698	5746846.04	43882996	09/01/2026	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	09/01/2026	Stock Option Exercise	Issuer			77698	09/01/2026	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
Aziz A. Mottiwala 17700 Laguna Canyon Road Floor 4 Irvine CA 92618	Common	08/19/2026	53043	3842690.85
Aziz A. Mottiwala 17700 Laguna Canyon Road Floor 4 Irvine CA 92618	Common	08/25/2026	81332	5843886.22

144: Remarks and Signature

Remarks
Date of Notice	09/01/2026
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/ Daniel Tucci, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Aziz Mottiwala
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)