Vault-13

OUTLOOK THERAPEUTICS INC OTLK

COM · Common Stock · CUSIP 69012T305

69 institutional holders +15 vs Q1 2026
20,453,27920.5m shares reported held*
8.4% of all shares outstanding*
$32.5mreported value*
27 new 20 added 7 reduced 13 sold out net bought ≈ $15.5m (+9.7m shares)

* 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: 243.4m as of 2026-08-14, 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 ≈ $1.59. Options: 7 managers hold calls ($1.9m notional), 5 hold puts ($925.5k).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q1 23: 1Q2 23: 1Q3 23: 1Q4 23: 0Q1 24: 54Q2 24: 64Q3 24: 66Q4 24: 62Q1 25: 64Q2 25: 67Q3 25: 54Q4 25: 53Q1 26: 54Q2 26: 6969Q1 23Q4 23Q3 24Q2 25Q2 26
Numbers
QuarterHolders
Q1 20231
Q2 20231
Q3 20231
Q4 20230
Q1 202454
Q2 202464
Q3 202466
Q4 202462
Q1 202564
Q2 202567
Q3 202554
Q4 202553
Q1 202654
Q2 202669

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
50050Q3 24: 35 bought or addedQ3 24: 16 cut or sold outQ4 24: 35 bought or addedQ4 24: 30 cut or sold outQ4 24Q1 25: 36 bought or addedQ1 25: 23 cut or sold outQ2 25: 35 bought or addedQ2 25: 35 cut or sold outQ2 25Q3 25: 20 bought or addedQ3 25: 44 cut or sold outQ4 25: 26 bought or addedQ4 25: 16 cut or sold outQ4 25Q1 26: 28 bought or addedQ1 26: 20 cut or sold outQ2 26: 47 bought or addedQ2 26: 20 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20243516
Q4 20243530
Q1 20253623
Q2 20253535
Q3 20252044
Q4 20252616
Q1 20262820
Q2 20264720

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3m$4mQ3 25 calls: $351.2kQ3 25 puts: $88.7kQ3 25P/C 0.25Q4 25 calls: $1.3mQ4 25 puts: $3.9mQ4 25P/C 3.08Q1 26 calls: $78.6kQ1 26 puts: $33.4kQ1 26P/C 0.42Q2 26 calls: $1.9mQ2 26 puts: $925.5kQ2 26P/C 0.49
Numbers
QuarterCallsPutsP/C
Q3 2025$351.2k$88.7k0.25
Q4 2025$1.3m$3.9m3.08
Q1 2026$78.6k$33.4k0.42
Q2 2026$1.9m$925.5k0.49

Biggest buyers

PERCEPTIVE ADVISORS LLC New +3,139,216+3.1m
VANGUARD CAPITAL MANAGEMENT LLC Added +2,409,712+2.4m
MARSHALL WACE, LLP New +1,987,578+2.0m
JANE STREET GROUP, LLC New +1,425,270+1.4m
BlackRock, Inc. Added +1,191,108+1.2m
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +834,106+834.1k
HRT FINANCIAL LP Added +717,145+717.1k
GEODE CAPITAL MANAGEMENT, LLC Added +642,262+642.3k
VANGUARD FIDUCIARY TRUST CO Added +485,135+485.1k
CANTOR FITZGERALD, L. P. New +450,000+450.0k

Biggest sellers

ARMISTICE CAPITAL, LLC Sold out -4,168,000-4.2m
COMMONWEALTH EQUITY SERVICES, LLC Sold out -470,000-470.0k
Warberg Asset Management LLC Sold out -275,000-275.0k
RENAISSANCE TECHNOLOGIES LLC Sold out -255,157-255.2k
NINE MASTS CAPITAL Ltd Sold out -232,546-232.5k
Connective Capital Management, LLC Sold out -200,000-200.0k
Virtu Financial LLC Sold out -112,786-112.8k
XTX Topco Ltd Sold out -52,994-53.0k
GILPIN WEALTH MANAGEMENT, LLC Reduced -45,162-45.2k
Corient Private Wealth LP Sold out -30,100-30.1k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $862.1k542.2k shares
JANE STREET GROUP, LLC Added $277.1k174.3k shares
CITADEL ADVISORS LLC Added $265.7k167.1k shares
SIMPLEX TRADING, LLC Added $206.5k129.9k shares
GILPIN WEALTH MANAGEMENT, LLC Reduced $159.0k100.0k shares
GROUP ONE TRADING LLC Reduced $105.7k66.5k shares
Belvedere Trading LLC New $8.0k5.0k shares

Biggest puts

CITADEL ADVISORS LLC Added $360.3k226.6k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $284.9k179.2k shares
SIMPLEX TRADING, LLC Added $164.6k103.5k shares
JANE STREET GROUP, LLC Added $91.9k57.8k shares
GROUP ONE TRADING LLC Added $23.9k15.0k 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.

HolderStakeChangeShares Last filed
GMS Ventures & Investments 13D · may seek influence -6.5 pts · filed 2026-08-14
Stated purposeItem 4 of the Schedule 13D is hereby amended to add the following after the last paragraph: On August 12, 2026, the Issuer entered into the sale of an aggregate of 55,555,556 Shares and accompanying Warrants to acquire up to an aggregate of 55,555,556 Shares in a registered underwritten public offering (the "August 2026 Offering"). GMS Ventures purchased 2,525,252 Shares and accompanying Warrants to purchase 2,525,252 Shares in the Offering, at a combined purchase price per Share and accompanying Warrant of $0.99, for an aggregate purchase price of approximately $2.5 million. Each Warrant will have an initial exercise price per share of $1.10, subject to certain customary adjustments for recapitalizations, stock splits and similar actions. The Warrants will be exercisable immediately and … Full filing
16.4% -6.5 pts 42.6m≈ $67.8m 2026-08-14
CVI Investments, Inc. 13G · passive investor new · filed 2026-08-19 9.9% new 24.7m≈ $39.3m 2026-08-19
Empery Asset Management, LP 13G · institution +3.7 pts · filed 2026-10-13 8.7% +3.7 pts 21.2m≈ $33.8m 2026-10-13
TANG CAPITAL PARTNERS LP 13G · passive investor filed 2025-02-14 6.4% 1.7m≈ $2.7m 2025-02-14

Fell to 5% or below in the last year: INTRACOASTAL CAPITAL, LLC (5.0%, 2026-04-24), SPHERA FUNDS MANAGEMENT LTD. (4.7%, 2026-02-05)

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)

BuyingSelling
505Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 5 buyingQ2 26: 0 sellingQ3 26: 4 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20265$5.3m0——
Q3 20264$2.6m0——
DateInsiderTradeSharesPrice ValueTheir holding
2026-08-14 Jahr Robert Charles Chief Executive Officer, director Bought 151,515 — —151.5k shares new
2026-08-14 KENYON LAWRENCE A Chief Financial Officer, director Bought 101,010 — —101.0k shares +1699%
2026-08-12 Sukhtian Ghiath M. +1 Director · See footnote Bought 2,525,252 $0.99 $2.5m2.5m shares +11%
2026-07-29 Sukhtian Faisal Ghiath Director Bought 95,398 $1.05 $100.2k95.4k shares +76%
2026-06-02 Haddadin Yezan Munther Director Bought 29,000 $0.83 $24.1k29.0k shares +78%
2026-05-28 Sukhtian Ghiath M. +1 Director · See footnote Bought 8,539,709 $0.59 $5.0m8.5m shares +63%
2026-05-27 Sukhtian Faisal Ghiath Director Bought 122,174 $0.41 $50.1k122.2k shares +3593%
2026-05-26 HILZINGER KURT J Director Bought 400,000 $0.44 $176.0k400.0k shares +1691%
2026-05-26 Haddadin Yezan Munther Director Bought 34,000 $0.44 $15.0k34.0k shares +1074%
2026-05-26 THURMAN RANDY H Director Bought 5,000 $0.43 $2.1k5.0k shares +843%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 4,376,8724.4m $7.0m $7.0m 0.00% Added +2.4m +2,409,712
2 PERCEPTIVE ADVISORS LLC 0.08% of their portfolio NEW YORK, NY 3,139,2163.1m $5.0m $5.0m 0.08% New
3 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 1,987,5782.0m $3.2m $3.2m 0.00% New
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 1,668,5791.7m $2.7m $2.7m 0.00% Added +1.2m +1,191,108
5 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 1,425,2701.4m $2.3m $2.3m 0.00% New
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,245,8681.2m $2.0m $2.0m 0.00% Added +642.3k +642,262
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 968,190968.2k $1.5m $1.5m 0.00% Added +834.1k +834,106
8 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 784,904784.9k $1.2m $1.2m 0.00% Added +717.1k +717,145
9 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 661,664661.7k $1.1m $1.1m 0.00% Added +485.1k +485,135
10 GILPIN WEALTH MANAGEMENT, LLC 0.61% of their portfolio DENVER, CO 555,000555.0k $882.5k $882.5k 0.61% Reduced -45.2k -45,162
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 539,802539.8k $858.3k $858.3k 0.00% Added +376.7k +376,700
12 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 450,000450.0k $715.5k $715.5k 0.01% New
13 Sanctuary Advisors, LLC 0.00% of their portfolio INDIANAPOLIS, IN 344,529344.5k $547.8k $547.8k 0.00% New
14 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 332,051332.1k $528.0k $528.0k 0.00% Added +305.0k +305,000
15 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 246,428246.4k $391.8k $391.8k 0.01% Added +132.7k +132,727
16 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 237,561237.6k $377.7k $377.7k 0.00% Added +170.2k +170,171
17 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 205,013205.0k $326.0k $326.0k 0.01% Added +72.3k +72,347
18 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 184,942184.9k $294.1k $294.1k 0.00% Added +151.3k +151,315
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 152,215152.2k $242.0k $242.0k 0.00% Added +19.1k +19,146
20 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 130,700130.7k $207.8k $207.8k 0.00% New
21 Wealth Management Partners, LLC 0.04% of their portfolio TUCSON, AZ 118,170118.2k $187.9k $187.9k 0.04% New
22 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 62,50062.5k $99.4k $99.4k 0.00% New
23 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 57,83957.8k $92.0k $92.0k 0.00% New
24 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 57,39157.4k $91.3k $91.3k 0.00% Added +42.6k +42,586
25 Royal Fund Management, LLC 0.01% of their portfolio Lady Lake, FL 47,20047.2k $75.0k $75.0k 0.01% New
26 SCOTIA CAPITAL INC. 0.00% of their portfolio TORONTO, A6 46,30046.3k $73.6k $73.6k 0.00% New
27 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 41,13741.1k $65.4k $65.4k 0.00% Added +34.2k +34,230
28 Belvedere Trading LLC 0.01% of their portfolio CHICAGO, IL 40,89940.9k $65.0k $65.0k 0.01% New
29 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 29,50029.5k $46.9k $46.9k 0.00% Added +29.5k +29,486
30 Christensen, King & Associates Investment Services, Inc. 0.02% of their portfolio RICHLAND, WA 28,32728.3k $45.0k $45.0k 0.02% Unchanged
31 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 25,00025.0k $39.8k $39.8k 0.00% Unchanged
32 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 24,11924.1k $38.3k $38.3k 0.00% Reduced -7.4k -7,373
33 Flower City Capital 0.01% of their portfolio PITTSFORD, NY 20,00020.0k $31.8k $31.8k 0.01% Unchanged
34 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 18,66418.7k $29.7k $29.7k 0.00% New
35 Signet Private Wealth LLC 0.02% of their portfolio CHICAGO, IL 17,55517.6k $27.9k $27.9k 0.02% New
36 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 17,27117.3k $27.0k $27.0k 0.00% New
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 16,95617.0k $27.0k $27.0k 0.00% Added +13.2k +13,150
38 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 16,72216.7k $26.6k $26.6k 0.00% New
39 ORRSTOWN FINANCIAL SERVICES INC 0.00% of their portfolio HARRISBURG, PA 15,00015.0k $23.9k $23.9k 0.00% New
40 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 14,85514.9k $23.6k $23.6k 0.00% New
41 OPPENHEIMER & CO INC 0.00% of their portfolio NEW YORK, NY 14,00014.0k $22.3k $22.3k 0.00% Reduced -1.5k -1,500
42 HARBOUR INVESTMENTS, INC. 0.00% of their portfolio MADISON, WI 12,30412.3k $19.6k $19.6k 0.00% Unchanged
43 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 11,46611.5k $18.2k $18.2k 0.00% Added +4.2k +4,163
44 Simplicity Wealth,LLC 0.00% of their portfolio SUMMIT, NJ 11,31011.3k $18.0k $18.0k 0.00% New
45 Fifth Third Wealth Advisors LLC 0.00% of their portfolio Cincinnati, OH 10,00010.0k $15.9k $15.9k 0.00% New
46 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 7,9708.0k $13.5k $13.5k 0.00% Added +8.0k +7,955
47 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 7,3247.3k $11.6k $11.6k 0.00% New
48 Rockefeller Capital Management L.P. 0.00% of their portfolio NEW YORK, NY 6,2506.2k $9.9k $9.9k 0.00% New
49 Bullock Wealth Management Group 0.00% of their portfolio BLOOMINGTON, IN 4,1124.1k $6.0k $6.0k 0.00% First filing
50 GoalVest Advisory LLC 0.00% of their portfolio New York, NY 3,0003.0k $4.8k $4.8k 0.00% New
51 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 2,5002.5k $4.3k $4.3k 0.00% Unchanged
52 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 2,1252.1k $3.4k $3.4k 0.00% Reduced -171 -171
53 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 1,5001.5k $2.4k $2.4k 0.00% First filing
54 Fortitude Family Office, LLC 0.00% of their portfolio SCOTTSDALE, AZ 1,4291.4k $2.3k $2.3k 0.00% Reduced -1.1k -1,125
55 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,4101.4k $2.2k $2.2k 0.00% Reduced -1.1k -1,070
56 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 1,1001.1k $1.7k $1.7k 0.00% Unchanged
57 Integrated Wealth Concepts LLC 0.00% of their portfolio WALTHAM, MA 1,0001.0k $1.6k $1.6k 0.00% New
58 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 765765 $1.2k $1.2k 0.00% New
59 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 696696 $1.1k $1.1k 0.00% Unchanged
60 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 305305 $485 $485 0.00% Unchanged
61 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 222222 $353 $353 0.00% Unchanged
62 ARMSTRONG ADVISORY GROUP, INC 0.00% of their portfolio NEEDHAM, MA 179179 $285 $285 0.00% Unchanged
63 Quarry LP 0.00% of their portfolio NEW YORK, NY 176176 $280 $280 0.00% New
64 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 156156 $0 $0 0.00% Added +71 +71
65 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 100100 $159 $159 0.00% Unchanged
66 Prestige Wealth Management Group LLC 0.00% of their portfolio FLEMINGTON, NJ 6262 $99 $99 0.00% Unchanged
67 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 2525 $40 $40 0.00% Reduced -1.3k -1,287
68 Bogart Wealth, LLC 0.00% of their portfolio MCLEAN, VA 55 $8 $8 0.00% Unchanged
69 FMR LLC 0.00% of their portfolio BOSTON, MA 11 $2 $2 0.00% New