Tango Therapeutics President Sells 27,000 Shares for $572,000 as Share Price Skyrockets

2 months ago 38

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.

Metric

Value

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).

  • 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.

Metric

Value

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.

  • 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.

  • 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.

  • 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.

Read Entire Article