Monitor the IPO pricing and first-day trading. The insider buying and PIPE suggest strong support at $18, providing a floor. Watch for lock-up expiry and any insider selling post-IPO.
Price Chart
Executive Summary
Insider cluster at Odyssey Therapeutics shows $20.2M in open-market purchases by directors Li Nan and Chu Shelley at $18/share, concurrent with a $25M PIPE from TPG LSI and the company's IPO. This significant insider buying alongside a material investment agreement signals strong confidence in the IPO pricing and near-term prospects.
Key Financial Metrics
Key Facts
- Director Li Nan purchased 1,111,111 shares ($20M) and director Chu Shelley purchased 11,111 shares ($200K) on May 11, 2026 at $18/share.
- The company entered into a Share Purchase Agreement with TPG LSI for $25M of common stock at the IPO price, closing concurrently with the IPO.
- Total open-market insider buying of $20.2M represents a material vote of confidence ahead of the IPO.
- Non-cash transactions include derivative conversions and grants, with no selling activity.
Financial Impact
Insider purchases total $20.2M; PIPE investment of $25M; IPO size undisclosed but likely significant.
Risk Factors
- IPO market conditions may affect pricing and demand.
- Post-IPO dilution from the offering and PIPE.
- Insiders may sell after lock-up expiration.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ODTX-1778545858038 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $18.99 $19.00 | ▲ +0.05% | ▼ −0.47% | $19.30 (+1.63%) |
Aug 4, 2026 11w ago | 8-K | $19.96 $20.89 | ▲ +4.66% | ▲ +4.86% | $19.30 (−3.31%) |
Jun 17, 2026 18w ago | 8-K | $19.07 $18.72 | ▼ −1.84% | ▼ −1.52% | $19.30 (+1.21%) |
May 11, 2026 24w ago | Insider Cluster | $17.45 $17.90 | ▲ +2.58% | ▲ +2.72% | $19.30 (+10.60%) |
May 8, 2026 24w ago | 424B4 | $17.45 $17.90 | ▲ +2.58% | ▲ +2.72% | $19.30 (+10.60%) |
May 8, 2026 24w ago | EFFECT | $16.42 $17.45 | ▲ +6.27% | ▲ +6.04% | $19.30 (+17.54%) |
May 7, 2026 24w ago | 3 | $16.42 $17.45 | ▲ +6.27% | ▲ +6.04% | $19.30 (+17.54%) |
May 7, 2026 24w ago | 3 | $16.42 $17.45 | ▲ +6.27% | ▲ +6.04% | $19.30 (+17.54%) |
May 7, 2026 24w ago | 3 | $16.42 $17.45 | ▲ +6.27% | ▲ +6.04% | $19.30 (+17.54%) |
May 7, 2026 24w ago | 3 | $16.42 $17.45 | ▲ +6.27% | ▲ +6.04% | $19.30 (+17.54%) |
US Market Status
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