Home / Going-concern warnings / Pelthos Therapeutics Inc.
Filed 2026-05-14 路 Form 10-Q 路 Accession 0001919246-26-000070 micro
Price before filing: $26.01 (2026-05-13 close, split/dividend-adjusted)
Market cap at flag: $91.7M (2026-05-14) 路 Latest: $71.3M (2026-10-16)
| Window | PTHS | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +1.9% | +1.7% | +0.2% | 2026-06-15 |
| 90 days | +11.1% | +4.3% | +6.8% | 2026-08-12 |
| 180 days | pending | pending | until 2026-11-10 | |
| 1 year | pending | pending | until 2027-05-14 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 4 insiders sold $57K (8 sales)
30 days after: 1 insider sold $40K (1 sale); 1 insider bought $1000K (2 purchases)
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2026-04-02 | Friedberg Ezra M Director | Sale | 293 | $20.51 | $6K | yes | Form 4 |
| 2026-04-02 | Friedberg Ezra M Director | Sale | 265 | $21.36 | $6K | yes | Form 4 |
| 2026-04-02 | Greenleaf Peter Director | Sale | 420 | $20.52 | $9K | yes | Form 4 |
| 2026-04-02 | Greenleaf Peter Director | Sale | 377 | $21.36 | $8K | yes | Form 4 |
| 2026-04-02 | Malamut Richard Director | Sale | 310 | $20.51 | $6K | yes | Form 4 |
| 2026-04-02 | Malamut Richard Director | Sale | 280 | $21.36 | $6K | yes | Form 4 |
| 2026-04-02 | Pauls Matthew Director | Sale | 415 | $20.52 | $9K | yes | Form 4 |
| 2026-04-02 | Pauls Matthew Director | Sale | 371 | $21.36 | $8K | yes | Form 4 |
| 2026-05-14: red flag filed | |||||||
| 2026-05-22 | Francis Knuettel II CFO, Treas & Secty | Sale | 1,500 | $26.84 | $40K | no | Form 4 |
| 2026-06-11 | Davis Todd C Director | Purchase | 35,445 | $27.80 | $986K | no | Form 4 |
| 2026-06-11 | Davis Todd C Director | Purchase | 503 | $28.73 | $14K | no | Form 4 |
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-13 to 2026-06-13. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"The conditions and events that previously raised substantial doubt have been alleviated by management's plans and actions."
Quoted from the filing. Source
Going-concern doubt disclosed, then alleviated: the company said conditions raised substantial doubt about its ability to continue as a going concern, but that its plans or new funding resolve that doubt for the next 12 months. A weaker warning than an unresolved going-concern doubt, but the company recently needed a rescue plan or fresh money to stay afloat.
Source: management disclosure in Form 10-Q (period 2026-03-31)
Status: doubt alleviated (the company says its plans or new funding resolve the substantial doubt it disclosed)
Why this score: substantial doubt disclosed, then alleviated by management's plans or new funding; quarterly (unaudited) disclosure; also within 90 days: Auditor change
Read the original filing on SEC.gov →
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