PTGX Protagonist Therapeutics, Inc
Price Chart
Executive Summary
CEO Dinesh Patel filed a Form 144 to sell 75,000 shares (~$7.76M at the filing date) via J.P. Morgan. This is a material insider sale by the CEO, representing about 1.2% of his known holdings and 0.1% of market cap. The sale follows an option exercise and comes amid strong analyst consensus (89% bullish) and a $6.7B market cap.
Actionable Insight
CEO selling $7.76M via Form 144 is a notable insider disposition. While the sale is small relative to market cap, the CEO's intent to sell a meaningful portion of his holdings (1.2% of known position) warrants monitoring. Watch for actual Form 4 filings to confirm execution and any subsequent insider buying patterns.
Key Facts
- CEO Dinesh Patel filed Form 144 to sell 75,000 shares of common stock.
- Approximate dollar value of proposed sale: $7,762,500.
- Shares to be sold via J.P. Morgan Securities LLC.
- Patel's total beneficial ownership after sale: ~64,311,373 shares.
- Sale follows an option exercise of 75,000 shares on the same date.
- Filing date: May 12, 2026.
- Recent insider activity (30d): 3 sells totaling $4.4M.
- Market cap: $6.7B; analyst consensus 89% bullish.
Financial Impact
CEO proposes to sell ~$7.76M worth of stock, ~0.12% of market cap.
Risk Factors
- Insider selling by CEO may signal lack of confidence in near-term prospects.
- Sale is not yet executed; Form 144 is an intent to sell.
- Option exercise suggests shares were acquired at lower cost, reducing signaling weight.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001968582-26-000430 |
| Document: 0001968582-26-000430-index.html | 0001968582-26-000430 |
| Document: 0001968582-26-000430.txt | 0001968582-26-000430 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 12, 2026
28d ago
|
144
| $103.88 $98.37 | ▲ +5.30% | ▲ +4.15% | $105.87 (−1.92%) |
|
May 8, 2026
4w ago
|
Insider Cluster
| $99.36 $105.55 | ▲ +6.23% | ▲ +4.77% | $105.87 (+6.55%) |
|
May 8, 2026
4w ago
|
Insider Cluster
| $99.36 $105.55 | ▲ +6.23% | ▲ +4.77% | $105.87 (+6.55%) |
|
May 5, 2026
5w ago
|
8-K
| $103.97 $99.95 | ▼ −3.87% | ▼ −5.00% | $105.87 (+1.83%) |
|
Feb 25, 2026
15w ago
|
8-K
| $87.10 $94.83 | ▲ +8.87% | ▲ +9.97% | $105.87 (+21.55%) |
US Market Status
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