ASADORIAN RAFFI (Chief Financial Officer) purchased 97.3% of their position (45K shares) of TALPHERA, INC. on the open market
Open‑market purchase worth $36.6K — a major conviction buy. The strongest form of insider conviction signal.
P · 1 purchase
Filed: 2/20/2026ACC: 0001628970-26-000002
Officer· Chief Financial Officer
Since Aug 2018
+301.11K
Net shares
Net buyer
$3.1K
Total sold
1
Open market trades
1B · 0S
4
Total transactions
305K acquired · 3.89K disposed
Non-Derivative Transactions3
Common Stock
Direct
Shares
−958.00
Price / share
$0.84
Trade value
$800.98
% of position
2.0%
2/10/2026
47.21K→46.26K
Commom Stock
Direct
Shares
+45K
Price / share
$0.81
Trade value
$36.55K
% of position
97.3%
2/12/2026
46.26K→91.26K
Common Stock
Direct
Shares
−2.93K
Price / share
$0.79
Trade value
$2.33K
% of position
3.2%
2/14/2026
91.26K→88.32K
Total
Net shares
+41.11K
Net value
$33.43K
| Security | Date | Type | Shares | Price / Share | Trade Value | % of Position | Held Before | Held After |
|---|---|---|---|---|---|---|---|---|
| Common Stock Direct | 2/10/2026 | F · Tax Withholding | −958.00 | $0.84 | $800.98 | 2.0% | 47.21K | 46.26K |
| Commom Stock Direct | 2/12/2026 | P · Purchase | +45K | $0.81 | $36.55K | 97.3% | 46.26K | 91.26K |
| Common Stock Direct | 2/14/2026 | F · Tax Withholding | −2.93K | $0.79 | $2.33K | 3.2% | 91.26K | 88.32K |
| Total | +41.11K | $33.43K | ||||||
Derivative Transactions1
Stock Option (Right to Buy)
Direct
Converts to
Common Stock
260K shares
Shares
+260K
Strike price
0.8123
Held after
260K
Exercisable
—
2/12/2026
| Security | Converts To | Date | Type | Shares | Strike Price | Exercisable | Held After |
|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy) Direct | Common Stock260K shares | 2/12/2026 | A · Award | +260K | 0.8123 | — | 260K |