LANTERN PHARMA INC LTRN
COM · Common Stock · CUSIP 51654W101
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersDallas, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Shares outstanding: 12.8m as of 2026-08-10, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $4.17. Options: 1 managers hold calls ($3.8k notional), 1 hold puts ($2.5k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 27 |
| Q4 2022 | 24 |
| Q1 2023 | 22 |
| Q2 2023 | 26 |
| Q3 2023 | 28 |
| Q4 2023 | 31 |
| Q1 2024 | 35 |
| Q2 2024 | 40 |
| Q3 2024 | 32 |
| Q4 2024 | 33 |
| Q1 2025 | 33 |
| Q2 2025 | 36 |
| Q3 2025 | 31 |
| Q4 2025 | 33 |
| Q1 2026 | 33 |
| Q2 2026 | 39 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 12 | 19 |
| Q4 2024 | 10 | 15 |
| Q1 2025 | 13 | 8 |
| Q2 2025 | 19 | 10 |
| Q3 2025 | 12 | 15 |
| Q4 2025 | 12 | 13 |
| Q1 2026 | 11 | 12 |
| Q2 2026 | 21 | 14 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $101.7k | $16.1k | 0.16 |
| Q4 2025 | $81.8k | $10.0k | 0.12 |
| Q1 2026 | $822 | $137 | 0.17 |
| Q2 2026 | $3.8k | $2.5k | 0.67 |
Biggest buyers
| Empery Asset Management, LP | New | +842.7k |
| CM Management, LLC | Added | +250.0k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +175.0k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +93.0k |
| CITADEL ADVISORS LLC | New | +47.9k |
| Quadrature Capital Ltd | New | +39.6k |
| XTX Topco Ltd | New | +17.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +14.1k |
| MARSHALL WACE, LLP | New | +11.9k |
| Farther Finance Advisors, LLC | New | +11.0k |
Biggest sellers
| BIOS Capital Management, LP | Reduced | -615.0k |
| Voss Capital, LP | Sold out | -50.0k |
| BlackRock, Inc. | Reduced | -22.9k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -21.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -8.8k |
| Tower Research Capital LLC (TRC) | Reduced | -2.4k |
| Westside Investment Management, Inc. | Reduced | -2.2k |
| CURIO WEALTH, LLC | Sold out | -2.0k |
| WELLS FARGO & COMPANY/MN | Sold out | -1.5k |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Reduced | -1.2k |
Biggest calls
| GROUP ONE TRADING LLC | New | $3.8k900 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Added | $2.5k600 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| SATTERFIELD THOMAS A JR 13G · passive investor +2.5 pts · filed 2026-07-23 | 7.6% |
Fell to 5% or below in the last year: Empery Asset Management, LP (5.0%, 2026-10-13), Bios Equity Partners, LP (4.5%, 2026-05-15)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 2 | $100.0k | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-05-12 | Schalop Lee Troy Director | Bought | $100.0k48.5k shares |
| 2026-05-12 | KEYSER D JEFFREY Director | Bought | $100.0k48.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Empery Asset Management, LP 4.06% of their portfolio | 842.7k $3.5m | New |
| CM Management, LLC 1.32% of their portfolio | 500.0k $2.1m | Added +250.0k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 425.1k $1.8m | Added +93.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 291.0k $1.2m | Added +175.0k |
| BIOS Capital Management, LP 2.50% of their portfolio | 249.4k $1.0m | Reduced -615.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 102.8k $428.9k | Reduced -8.8k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 50.0k $208.3k | Added +343 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 47.9k $199.7k | New |
| Westside Investment Management, Inc. 0.03% of their portfolio | 47.9k $199.5k | Reduced -2.2k |
| Quadrature Capital Ltd 0.00% of their portfolio | 39.6k $165.1k | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 27.0k $112.8k | Reduced -350 |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.00% of their portfolio | 25.2k $104.9k | Reduced -1.2k |
| DAVENPORT & Co LLC 0.00% of their portfolio | 23.8k $99.3k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 23.7k $98.6k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 22.4k $93.2k | Reduced -22.9k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 21.3k $88.8k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 17.5k $72.9k | Added +1.9k |
| XTX Topco Ltd 0.00% of their portfolio | 17.4k $72.6k | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 16.7k $69.7k | Reduced -21.3k |
| UBS Group AG 0.00% of their portfolio | 16.6k $69.4k | Added +6.6k |
| Focus Partners Wealth 0.00% of their portfolio | 15.4k $64.4k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 14.1k $58.7k | New |
| Cetera Investment Advisers 0.00% of their portfolio | 12.2k $51.0k | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 11.9k $49.8k | New |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 11.0k $45.8k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 2.4k $9.8k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 2.3k $9.7k | Added +2.2k |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 2.2k $9.0k | Added +15 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.2k $4.8k | Reduced -2.4k |
| MORGAN STANLEY 0.00% of their portfolio | 639 $2.7k | Added +38 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 500 $2.1k | Unchanged |
| ENTRUST FINANCIAL LLC 0.00% of their portfolio | 500 $2.1k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 220 $917 | Unchanged |
| Physician Wealth Advisors, Inc. 0.00% of their portfolio | 158 $659 | New |
| Rialto Wealth Management, LLC 0.00% of their portfolio | 123 $513 | New |
| PlanVest Financial, Inc 0.00% of their portfolio | 100 $417 | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 23 $96 | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 6 $25 | New |
| Key Financial Inc 0.00% of their portfolio | 2 $8 | Unchanged |