SGP - Spyglass Pharma, Inc.

Insider Purchase by Ra Capital Management, L.P. (Dir, 10%)

3 Months
After Trade
Before Trade

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Trade Summary

1 month ago, Ra Capital Management, L.P., serving as Dir, 10% owner at Spyglass Pharma, Inc. (SGP), purchased 3,690,000 shares at $16.00 per share, for a total transaction value of $59,040,000.00. Following this transaction, Ra Capital Management, L.P. now holds 2,054,678 shares of SGP.

This purchase represents a 226.00% decrease in Ra Capital Management, L.P.'s stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, February 9, 2026 and publicly disclosed via SEC Form 4 filing on Wednesday, February 11, 2026, 2 days after the trade was made.

Spyglass Pharma, Inc. operates in the NONE sector, specifically within the NONE industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Ra Capital Management, L.P.

Ra Capital Management, L.P.

Dir, 10%

RA Capital Management, L.P. is a Boston-based investment firm specializing in public and private investments in healthcare, biotechnology, life sciences, and planetary health.[[1]](https://en.wikipedia.org/wiki/RA_Capital_Management)[[2]](https://www.racap.com/about-us) Founded in 2001 by Richard Aldrich, a co-founder of Vertex Pharmaceuticals, the firm officially launched in 2004 as a hedge fund focused on public companies before expanding into private investments, company formation, and venture funding.[[1]](https://en.wikipedia.org/wiki/RA_Capital_Management)[[2]](https://www.racap.com/about-us) The firm manages approximately $5.94 billion in assets as of mid-2025, with a portfolio spanning global therapeutic areas and development stages, including top holdings like Ascendis Pharma (29.9%) and Vaxcyte (6.55%).[[3]](https://whalewisdom.com/filer/ra-capital-management-llc) RA Capital has launched multiple venture funds, such as Nexus Fund III ($880 million in 2021), and operates incubators like Carnot and RAVentures to nurture early-stage biotech companies.[[1]](https://en.wikipedia.org/wiki/RA_Capital_Management)[[2]](https://www.racap.com/about-us) As a corporate insider designated as 'Dir, 10%' at Climb Bio, Inc. (CLYM), it holds significant stakes through affiliates like Sera Medicines, LLC, reflecting its active role in biotech investments.[[3]](https://whalewisdom.com/filer/ra-capital-management-llc)

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Trade Price

$16.00

Quantity

3,690,000

Total Value

$59,040,000.00

Shares Owned

2,054,678

Trade Date

Monday, February 9, 2026

57 days ago

SEC Filing Date

Wednesday, February 11, 2026

Filed 2 days after trade

NONENONE

About Spyglass Pharma, Inc.

Company Overview

No company information available
View news mentioning SGP

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