[144] Tango Therapeutics, Inc. SEC Filing
Tango Therapeutics, Inc. (TNGX) filing a Form 144 notifies of a proposed sale of 1,100,000 common shares — an aggregate market value of $7,656,000.00 — to be executed through BTIG, LLC on the NASDAQ GM with an approximate sale date of 08/19/2025. The shares were acquired as a Pre-IPO investment from Tango Therapeutics Inc. on 03/23/2017, paid via wire. The filer reports no securities sold in the past three months and certifies no undisclosed material adverse information. The notice follows Rule 144 disclosure requirements for proposed insider or affiliate sales.
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Insights
TL;DR: Form 144 reports a proposed sale of 1.1M pre-IPO shares valued at $7.656M to be brokered by BTIG on NASDAQ GM.
The filing is a routine Rule 144 disclosure that informs the market of an affiliate's intent to sell restricted or control securities. Key facts: 1,100,000 shares, aggregate market value $7,656,000.00, approximate sale date 08/19/2025, broker BTIG, LLC. The shares were acquired 03/23/2017 as a pre-IPO investment and payment was by wire. No sales reported in the prior three months. For investors this clarifies potential near-term supply available to the market but does not itself provide operational or financial performance information.
TL;DR: Disclosure complies with Rule 144; it documents provenance and planned disposition but contains no new operational developments.
The filing satisfies regulatory transparency by listing acquisition date, nature of acquisition (pre-IPO), broker details, and method of payment. It includes the filer's representation that no undisclosed material adverse information exists. The notice contains no information about changes in control, agreements, or trading plans. As such, it is a compliance-focused disclosure rather than a material corporate event.