SELLAS Life Sciences (SLS)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	21.13 mm	21.13 mm	21.13 mm	21.13 mm	21.13 mm	21.13 mm
Cash burn (monthly)	(no burn)	(no burn)	2.44 mm	2.73 mm	2.60 mm	2.76 mm
Cash used (since last report)	n/a	n/a	9.85 mm	11.01 mm	10.49 mm	11.11 mm
Cash remaining	n/a	n/a	11.29 mm	10.13 mm	10.64 mm	10.02 mm
Runway (months of cash)	n/a	n/a	4.6	3.7	4.1	3.6

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

SLS institutional ownership history Ownership history

27.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	30	36	-16.7%
Opened positions	9	11	-18.2%
Closed positions	15	8	+87.5%
Increased positions	8	12	-33.3%
Reduced positions	2	1	+100.0%

13F shares	Current	Prev Q	Change
Total value	6.17 bn	4.49 bn	+37.2%
Total shares	19.55 mm	5.21 mm	+275.5%
Total puts	0.00	56.30 k	EXIT
Total calls	16.90 k	3.28 mm	-99.5%
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
Highbridge Capital Management	13.26 mm	$15.79 mm	NEW
Vanguard	2.29 mm	$2.87 bn	+28.4%
Anson Funds Management	793.84 k	$992.29 mm	NEW
Equilibria Capital Management	643.26 k	$37.63 mm	0.0%
Geode Capital Management	605.19 k	$756.58 mm	+17.1%
BlackRock	431.62 k	$539.52 mm	NEW
CVI Investments	315.25 k	$1.83 mm	0.0%
Opus Capital	226.10 k	$283.00 k	+2.3%
Hirschman Orin	190.00 k	$1.59 mm	0.0%
STT State Street	174.53 k	$218.16 mm	+30.2%

Largest transactions	Shares	Bought/sold	Change
Highbridge Capital Management	13.26 mm	+13.26 mm	NEW
Anson Funds Management	793.84 k	+793.84 k	NEW
Vanguard	2.29 mm	+506.52 k	+28.4%
BlackRock	431.62 k	+431.62 k	NEW
BLK BlackRock	0.00	-430.37 k	EXIT
EQH Equitable	12.06 k	-197.94 k	-94.3%
Millennium Management	0.00	-150.45 k	EXIT
Geode Capital Management	605.19 k	+88.18 k	+17.1%
Virtu Financial	0.00	-63.84 k	EXIT
Renaissance Technologies	92.94 k	+60.49 k	+186.4%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

SLS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Jan 25	Katherine Bach Kalin	Common Stock	Grant	Acquire A	No	No	0	12,500	0.00	21,000
10 Jan 25	Katherine Bach Kalin	Stock Option Common Stock	Grant	Acquire A	No	No	0.9525	18,500	17.62 k	18,500
10 Jan 25	Burns John Thomas	Common Stock	Grant	Acquire A	No	No	0	81,300	0.00	299,062
10 Jan 25	Burns John Thomas	Common Stock	Grant	Acquire A	No	No	0	113,000	0.00	217,762
10 Jan 25	Burns John Thomas	Stock Option Common Stock	Grant	Acquire A	No	No	0.9525	169,500	161.45 k	169,500
10 Jan 25	Scheinberg David A	Common Stock	Grant	Acquire A	No	No	0	12,500	0.00	23,082
10 Jan 25	Scheinberg David A	Stock Option Common Stock	Grant	Acquire A	No	No	0.9525	18,500	17.62 k	18,500
10 Jan 25	Wasman Jane	Common Stock	Grant	Acquire A	No	No	0	12,500	0.00	22,900
10 Jan 25	Wasman Jane	Stock Option Common Stock	Grant	Acquire A	No	No	0.9525	18,500	17.62 k	18,500
10 Jan 25	Stergiou Angelos M.	Common Stock	Grant	Acquire A	No	No	0	243,900	0.00	859,032