Andy Gould, The Motley Fool
Wed, April 8, 2026 astatine 9:12 AM CDT 5 min read
Crystal Adam, President of R&D astatine Tango Therapeutics (NASDAQ:TNGX), reported the workout of 27,000 banal options -- with the underlying communal shares instantly sold for astir $572,000 -- according to an SEC Form 4 filing connected April 2, 2026.
| Shares traded (direct) | 27,000 |
| Transaction value | ~$572,000 |
| Post-transaction shares (direct) | 112,622 |
| Post-transaction worth (direct ownership) | ~$2.2 million |
Transaction worth based connected SEC Form 4 weighted mean merchantability terms ($21.20); post-transaction worth based connected April 7, 2026, marketplace adjacent ($19.80).
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What was the operation of this transaction?
The transaction progressive the workout of 27,000 banal options astatine a onslaught terms of $5.20, with each underlying shares sold instantly astatine a weighted-average terms of $21.20 -- truthful determination was nary summation successful nett equity exposure. All 4 of Adam's caller transactions were executed pursuant to a Rule 10b5-1 trading program adopted connected Oct. 27, 2025, meaning they were pre-scheduled good successful advance. -
How does the standard of this merchantability comparison to Adam's anterior trading activity?
SEC filings corroborate that the April 1 transaction was the 4th successful a bid of income by Adam nether her 10b5-1 plan, spanning precocious February done aboriginal April 2026. The mean transaction size crossed each 4 income is astir 28,000 shares, making the April 1 merchantability of 27,000 shares astir successful enactment with Adam's caller signifier of activity. -
What does the transaction amusement astir remaining equity exposure?
Following the April 1 sale, Adam holds 112,622 communal shares and retains 433,500 banal options. That important enactment equilibrium provides important ongoing vulnerability to the company’s show and leaves country for aboriginal conversions.
| Market capitalization | $2.8 billion |
| Revenue (TTM) | $62.4 million |
| Net income (TTM) | ($101.6 million) |
| 1-year terms change* | 1,459% |
* 1-year show calculated utilizing April 7, 2026, arsenic the notation date.
Tango Therapeutics is simply a clinical-stage biotechnology institution specializing successful the find and improvement of precision oncology therapies.
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Lead objective campaigner is vopimetostat (TNG462), a once-daily oral PRMT5 inhibitor targeting MTAP-deleted cancers, presently successful Phase 1/2 dose enlargement crossed pancreatic, lung, and different non-CNS cancers, with a pivotal survey successful second-line pancreatic crab expected to motorboat successful 2026.
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Additional progressive objective programs see TNG456, a brain-penetrant PRMT5 inhibitor successful Phase 1/2 dose escalation for MTAP-deleted glioblastoma; and TNG260, a CoREST inhibitor successful Phase 1/2 dose enlargement for STK11-mutant/RAS wild-type lung cancer.
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Active collaborations see an ongoing operation survey with Revolution Medicines' RAS(ON) inhibitors successful MTAP-deleted pancreatic and lung cancer, and a objective proviso statement with Erasca announced March 5, 2026, to research vopimetostat successful operation with Erasca's pan-RAS molecular glue.

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