Routine board departure with no red flags. No trading action warranted; monitor for any future director departures that could signal governance instability.
Price Chart
Executive Summary
Director Ms. Simantov resigned from the board of Tempest Therapeutics effective May 23, 2026, with no disagreement disclosed. She entered a separation agreement waiving accrued retainer fees but retaining stock options and indemnification rights. This is a routine board departure with no material financial impact.
Key Facts
- Ms. Simantov resigned from the Board of Directors effective May 23, 2026
- Resignation was not due to any disagreement with the company's operations, policies, or practices
- Separation Agreement waives all accrued and unpaid retainer fees
- Outstanding stock option awards and share ownership are unaffected
- Indemnification agreement remains in force for six years from separation
Financial Impact
No material financial impact; waived retainer fees are immaterial for a $26M market cap company
Risk Factors
- Further board departures could signal governance concerns
- Small biotech with $26M market cap faces inherent cash runway risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-248648 |
| Document: 0001193125-26-248648-index-headers.html | 0001193125-26-248648 |
| Document: 0001193125-26-248648-index.html | 0001193125-26-248648 |
| Document: 0001193125-26-248648.txt | 0001193125-26-248648 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | DEF 14A | $0.5102 | awaiting T+20 | awaiting T+20 | $0.5110 (−0.16%) |
Oct 20, 2026 7d ago | DEFA14A | $0.5282 | awaiting T+20 | awaiting T+20 | $0.5110 (−3.26%) |
Oct 20, 2026 7d ago | 8-K | $0.5282 | awaiting T+20 | awaiting T+20 | $0.5110 (−3.26%) |
Oct 19, 2026 8d ago | 8-K | $0.5762 | awaiting T+20 | awaiting T+20 | $0.5110 (−11.32%) |
Oct 2, 2026 26d ago | EFFECT | $0.8112 | awaiting T+20 | awaiting T+20 | $0.5110 (+37.01%) |
Sep 25, 2026 4w ago | S-3 | $0.8316 $0.5102 | ▲ +38.65% | ▲ +38.62% | $0.5110 (+38.55%) |
Sep 17, 2026 5w ago | 8-K | $0.9680 $0.6240 | ▼ −35.54% | ▼ −35.74% | $0.5110 (−47.21%) |
Sep 16, 2026 5w ago | DEFA14A | $0.8950 $0.6350 | ▼ −29.05% | ▼ −30.51% | $0.5110 (−42.91%) |
Sep 16, 2026 5w ago | 8-K | $0.8950 $0.6350 | ▼ −29.05% | ▼ −30.51% | $0.5110 (−42.91%) |
Sep 11, 2026 6w ago | Press Release | $0.8117 $0.7601 | ▲ +6.36% | ▲ +8.23% | $0.5110 (+37.05%) |
US Market Status
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