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8-K ·Filed May 13, 2026

SPRY

ARS Pharmaceuticals, Inc.
NEUTRAL
Impact 2/10
Horizonimmediate Processed5mo ago SEC0001193125-26-220671
8-K context-dependent: Items 5.02
Actionable Insight • Neutral

Routine executive appointment with no immediate impact on operations or financials. Monitor for any strategic shifts under new President; no need for trading action.

DirectionNeutral
Confidencehigh
Horizonimmediate
Final — all horizons settled through T+60d
SPRY ▼ -23.10% at T+60d
NEUTRAL call -23.10% · α vs SPY -27.53% · entry $8.01 → $6.16
Entry = T+0 close
May 13, 2026
via day close
T+1d
-0.87%
call -0.87% · α -1.65%
$7.94
settled 6mo ago
T+5d
-10.49%
call -10.49% · α -9.33%
$7.17
settled 5mo ago
T+20d
+19.73%
call +19.73% · α +20.34%
$9.59
settled 5mo ago
T+60d
-23.10%
call -23.10% · α -27.53%
$6.16
settled 3mo ago

Price Chart

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Executive Summary

ARS Pharmaceuticals appointed Donn Casale as President effective June 1, 2026, replacing CEO Richard Lowenthal who previously held the role. The appointment includes a base salary of $575,000, target bonus of 45%, and a $6M stock option vesting over four years.

Key Facts

  • Donn Casale appointed President, effective June 1, 2026, succeeding Richard Lowenthal.
  • Annual base salary of $575,000 and target bonus of 45% of base salary.
  • Stock option grant valued at approximately $6,000,000 vesting over four years (25% after one year, then monthly).
  • Casale previously served as Chief Commercial Officer at Dynavax Technologies (acquired by Sanofi in 2026).

Financial Impact

Compensation package total initial value approximately $6.6M in salary plus option grant; no material financial impact on company.

Risk Factors

  • Potential integration risk if Casale's commercial experience does not translate to ARS's product stage.
  • No material financial risk from this filing alone.

Market Snapshot

Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
92% bullish (13 analysts)

Investment Themes

Biotech & Drug Discovery

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001193125-26-220671
Document: d10320d8k.htm0001193125-26-220671
Document: 0001193125-26-220671-index-headers.html0001193125-26-220671
Document: 0001193125-26-220671-index.html0001193125-26-220671
Document: 0001193125-26-220671.txt0001193125-26-220671
13 reports for SPRY
Performance horizon
67% Hit rate @ T+1 2 of 3 directional calls Went positive at some point 3 of 3 best @ T+60▲ +32.03%Mar 27, 2026
Filters
Rows
Reports for SPRY — sortable, filterable
TypeNow
Oct 19, 2026
6d ago
144
BEARISH ★ 5/10
$4.29 $4.18▲ +2.56%▲ +3.09%$4.03 (+6.06%)
Sep 28, 2026
28d ago
Court Ruling
NEUTRAL ★ 3/10
$4.40 $4.31▼ −2.05%▼ −1.84%$4.03 (−8.41%)
Sep 16, 2026
5w ago
Court Ruling
NEUTRAL ★ 2/10
$4.15 $4.11▼ −0.96%▼ −0.84%$4.03 (−2.89%)
Aug 3, 2026
12w ago
Press Release
NEUTRAL ★ 1/10
$5.46 $5.32▼ −2.56%▼ −4.37%$4.03 (−26.19%)
Jul 17, 2026
14w ago
Court Ruling
NEUTRAL ★ 3/10
$6.44 $6.36▼ −1.24%▼ −2.08%$4.03 (−37.42%)
Jul 7, 2026
15w ago
8-K
NEUTRAL ★ 3/10
$8.10 $7.88▼ −2.72%▼ −3.56%$4.03 (−50.25%)
Jun 12, 2026
19w ago
Insider Cluster
NEUTRAL ★ 3/10
$9.81 $9.70▼ −1.12%▼ −0.53%$4.03 (−58.92%)
May 15, 2026
23w ago
8-K
NEUTRAL ★ 5/10
$7.43 $7.30▼ −1.68%▼ −1.62%$4.03 (−45.72%)
May 15, 2026
23w ago
Press Release
BEARISH ★ 6/10
$7.43 $7.30▲ +1.68%▲ +1.62%$4.03 (+45.72%)
May 13, 2026
23w ago
8-K
NEUTRAL ★ 2/10
$8.01 $7.94▼ −0.87%▼ −1.65%$4.03 (−49.69%)
Showing 10 of 13

US Market Status

Market Closed — Opens in 19m

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Report published May 13, 2026