ARS Pharmaceuticals (SPRY)

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)	39.66 mm	39.66 mm	39.66 mm	39.66 mm	39.66 mm	39.66 mm
Cash burn (monthly)	(no burn)	1.74 mm	7.25 mm	5.04 mm	4.82 mm	3.82 mm
Cash used (since last report)	n/a	7.89 mm	32.86 mm	22.86 mm	21.86 mm	17.32 mm
Cash remaining	n/a	31.77 mm	6.79 mm	16.80 mm	17.80 mm	22.33 mm
Runway (months of cash)	n/a	18.3	0.9	3.3	3.7	5.8

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

SPRY institutional ownership history Ownership history

84.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	153	120	+27.5%
Opened positions	46	28	+64.3%
Closed positions	13	21	-38.1%
Increased positions	57	43	+32.6%
Reduced positions	23	25	-8.0%

13F shares	Current	Prev Q	Change
Total value	906.00 bn	529.93 bn	+71.0%
Total shares	82.20 mm	80.76 mm	+1.8%
Total puts	589.40 k	83.80 k	+603.3%
Total calls	871.80 k	2.34 mm	-62.8%
Total put/call ratio	0.7	0.0	+1789.0%

Largest owners	Shares	Value	Change
Deerfield Management	11.08 mm	$160.63 bn	0.0%
Flynn James E	11.08 mm	$0.00	0.0%
Ra Capital Management	10.86 mm	$157.48 bn	0.0%
Orbimed Advisors	8.29 mm	$120.18 bn	-10.3%
Pratik Shah Living Trust dated June 15, 2011	5.22 mm	$46.66 mm	0.0%
BlackRock	4.25 mm	$61.57 bn	NEW
SR One Capital Management	4.01 mm	$58.19 bn	0.0%
Vanguard	3.35 mm	$48.56 bn	+3.0%
BEN Franklin Resources	2.84 mm	$42.42 bn	-3.9%
STT State Street	2.05 mm	$29.72 bn	+10.4%

Largest transactions	Shares	Bought/sold	Change
BlackRock	4.25 mm	+4.25 mm	NEW
BLK BlackRock	0.00	-4.08 mm	EXIT
K2 Principal Fund	120.00 k	-2.34 mm	-95.1%
Orbimed Advisors	8.29 mm	-952.38 k	-10.3%
Perceptive Advisors	0.00	-867.32 k	EXIT
Nextech Invest	1.11 mm	-797.00 k	-41.7%
Woodline Partners	986.01 k	+704.86 k	+250.7%
Rubric Capital Management	0.00	-639.20 k	EXIT
First Turn Management	593.29 k	+593.29 k	NEW
Duquesne Family Office	536.90 k	+536.90 k	NEW

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

SPRY insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Feb 25	Shawver Laura	Common Stock	Sell	Dispose S	No	Yes	12.3113	50,000	615.57 k	210,346
3 Feb 25	Shawver Laura	Common Stock	Option exercise	Acquire M	No	No	4.85	40,936	198.54 k	260,346
3 Feb 25	Shawver Laura	Common Stock	Option exercise	Acquire M	No	No	3.15	9,064	28.55 k	219,410
3 Feb 25	Shawver Laura	Stock Option Common Stock	Option exercise	Dispose M	No	No	4.85	40,936	198.54 k	124,064
3 Feb 25	Shawver Laura	Stock Option Common Stock	Option exercise	Dispose M	No	No	3.15	9,064	28.55 k	0
6 Jan 25	Shawver Laura	Common Stock	Sell	Dispose S	No	Yes	11.1013	50,000	555.07 k	210,346
6 Jan 25	Shawver Laura	Common Stock	Option exercise	Acquire M	No	No	3.15	50,000	157.50 k	260,346
6 Jan 25	Shawver Laura	Stock Option Common Stock	Option exercise	Dispose M	No	No	3.15	50,000	157.50 k	9,064
2 Jan 25	Sarina Tanimoto	Stock Option Common Stock	Grant	Acquire A	Yes	No	10.71	767,600	8.22 mm	767,600
2 Jan 25	Sarina Tanimoto	Stock option Common Stock	Grant	Acquire A	No	No	10.71	261,900	2.80 mm	261,900