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Tarsus Pharmaceuticals, Inc. SEC Filings

TARS NASDAQ

Welcome to our dedicated page for Tarsus Pharmaceuticals SEC filings (Ticker: TARS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) SEC filings page on Stock Titan brings together the company’s regulatory disclosures from the U.S. Securities and Exchange Commission, with AI-powered tools to help interpret them. Tarsus is a commercial-stage biopharmaceutical company focused on therapeutics starting with eye care, led by XDEMVY (lotilaner ophthalmic solution) 0.25% for the treatment of Demodex blepharitis and a lotilaner-based pipeline that includes TP-04 and TP-05.

Through this page, users can access Tarsus’ current and historical filings, including annual reports on Form 10-K and quarterly reports on Form 10-Q, which typically describe the company’s business, risk factors, financial statements, and discussion of results. Current reports on Form 8-K provide details on material events such as quarterly financial results, annual meeting outcomes, and other significant corporate developments. For example, recent 8-K filings reference press releases that set forth Tarsus’ results of operations for specific quarters and describe shareholder voting results at the annual meeting.

Investors can also review proxy statements referenced in 8-K filings to understand proposals submitted to stockholders, including director elections, advisory votes on executive compensation, and ratification of the independent registered public accounting firm. In addition, Form 4 insider transaction reports, when available, can be used to track purchases and sales of TARS shares by directors, officers, and other insiders.

Stock Titan’s AI features summarize lengthy filings, highlight key sections related to revenue dependence on XDEMVY, pipeline development, capital needs, and risk factors, and explain technical language in more accessible terms. Real-time updates from EDGAR ensure that new Tarsus filings, from 10-K and 10-Q reports to 8-K current reports and Form 4 insider filings, appear promptly so users can follow changes in the company’s regulatory and financial profile without manually parsing every document.

Rhea-AI Summary

Tarsus Pharmaceuticals, Inc. reported insider stock sales by a company director. On December 15, 2025, the reporting person sold several blocks of Tarsus common stock in open-market transactions. Direct holdings were reduced through sales of 5,046 shares at a weighted average price of $80.8, 6,306 shares at $81.75, and 1,148 shares at $82.39, among other trades.

Some of these sales were executed automatically under a Rule 10b5-1 trading plan adopted on September 8, 2025, while others were not made under such a plan. The director also sold shares held indirectly through Link Family Enterprise, LP. After the reported transactions, the reporting person directly owned 128,832 Tarsus shares and no longer held shares indirectly through the partnership.

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Tarsus Pharmaceuticals, Inc. Chief Medical Officer reported equity transactions tied to restricted stock units (RSUs). On December 15, 2025, 6,819 RSUs vested and were settled into an equal number of common shares. On December 16, 2025, 2,078 common shares were sold at $79.5 per share to cover tax withholding obligations under a mandated “sell to cover” arrangement, rather than as a discretionary sale.

After these transactions, the officer beneficially owned 24,019 common shares directly, plus 6,360 shares held indirectly through a spouse’s Roth IRA and 12,040 shares held through a 401(k) plan. The officer also held 20,459 RSUs, which each represent a contingent right to receive one share of common stock and vest in four equal annual installments on December 15 of 2025, 2026, 2027, and 2028, subject to continuous service.

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Tarsus Pharmaceuticals President and CEO Bobak Azamian, who is also Board Chair and a director, reported a transfer of 51,885 shares of common stock on December 4, 2025. The shares were moved for no consideration to the Bobak Azamian Living Trust, established April 16, 2018.

After the transaction, he holds 1,750 Tarsus shares directly and 863,991 shares indirectly through the trust, where he serves as trustee with voting and dispositive power over these shares. The report reflects a restructuring of how his holdings are owned rather than a cash sale.

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Tarsus Pharmaceuticals reported Q3 2025 results showing rapid commercial growth of XDEMVY and continued investment in commercialization. Product sales, net were $118.7 million, up from $48.1 million a year ago. The company posted a net loss of $12.6 million, with operating expenses led by selling, general and administrative of $108.6 million, research and development of $16.3 million, and cost of sales of $8.3 million.

For the nine months, product sales, net totaled $299.7 million and the net loss was $58.0 million. Liquidity strengthened: cash and cash equivalents were $112.7 million and marketable securities were $289.1 million as of September 30, 2025. Stockholders’ equity reached $335.1 million, with long‑term debt of $72.3 million. The company completed a March 2025 follow‑on offering for approximately $134.8 million in net proceeds to support operations. Shares outstanding were 42,449,105 as of October 29, 2025.

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Tarsus Pharmaceuticals (TARS) filed an 8-K stating it furnished a press release reporting results for the three and nine months ended September 30, 2025. The press release is attached as Exhibit 99.1 and is incorporated by reference.

The information was furnished under Item 2.02 and is not deemed filed for liability purposes under Section 18. The filing was signed by Jeffrey Farrow, Chief Financial Officer and Chief Strategy Officer.

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Tarsus Pharmaceuticals (TARS) reporting person Bobak R. Azamian, who serves as President/CEO and Board Chair, disclosed insider transactions on a Form 4. On 09/24/2025 the reporting person sold 6,000 shares of common stock in automatic transactions under a Rule 10b5-1 trading plan adopted December 12, 2024, at a weighted average price of $55.37 (sales ranged from $55.19 to $55.93). After the reported transactions the filing shows 812,106 shares beneficially owned indirectly (held in the Bobak Azamian Living Trust, of which he is trustee with voting and dispositive power) and 53,635 shares shown as disposed on a separate line. The Form 4 is signed by an attorney-in-fact on behalf of the reporting person.

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Tarsus Pharmaceuticals (TARS) notice shows a proposed sale under Rule 144 of 6,000 common shares through Merrill Lynch, planned for 09/24/2025. The filing reports an aggregate market value of $332,208.38 for the shares and a company share count of 42,214,106, meaning the blocks represent a small fraction of outstanding stock. The shares were acquired in a private placement on 01/13/2017 and were paid for in cash. The filing also discloses a prior sale of 6,000 shares by the same trust on 08/11/2025 for $300,000. The filer certifies no undisclosed material adverse information and includes the standard Rule 10b5-1 notice language.

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William J. Link, a director of Tarsus Pharmaceuticals, Inc. (TARS), filed a Form 4 reporting a transaction dated 09/16/2025. The Form shows a disposition of 2,000 shares of common stock (transaction code G) at a reported price of $0. After the reported transaction, the filing states Mr. Link beneficially owns 141,332 shares directly and 10,446 shares indirectly through Link Family Enterprise, LP, of which he may be the controlling member. The form was signed by an attorney-in-fact on 09/18/2025.

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Scott W. Morrison, a director of Tarsus Pharmaceuticals, received 1,334 shares on 09/15/2025 upon settlement of vested restricted stock units (RSUs). Each RSU converts into one share at vesting. After the transaction he directly beneficially owns 4,684 shares. He is also trustee of the Morrison-Minton Family 2004 Trust and, through that trust, indirectly beneficially owns an additional 6,016 shares. The RSUs vested in three equal annual installments on September 15 of 2023, 2024 and 2025, subject to continuous service.

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William J. Link, Ph.D., a director of Tarsus Pharmaceuticals (TARS), reported a sale of company common stock on 09/08/2025. The filing shows 27,116 shares were sold (transaction code S) at a weighted-average price of $57 per share, with execution prices ranging from $56.66 to $57.45. After the sale, the reporting person beneficially owned 143,332 shares directly and an additional 10,446 shares indirectly through Link Family Enterprise, LP. The Form 4 was signed on behalf of the reporting person by an attorney-in-fact on 09/10/2025. The filer notes availability of details on the number of shares sold at each price within the disclosed range.

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FAQ

What is the current stock price of Tarsus Pharmaceuticals (TARS)?

The current stock price of Tarsus Pharmaceuticals (TARS) is $66.25 as of August 12, 2025.

What is the market cap of Tarsus Pharmaceuticals (TARS)?

The market cap of Tarsus Pharmaceuticals (TARS) is approximately 2.9B.

TARS Rankings

TARS Stock Data

2.86B
40.29M
Biotechnology
Biological Products, (no Diagnostic Substances)
Link
United States
IRVINE

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