VERRICA PHARMACEUTICALS INC VRCA
COM SHS · Common Stock · CUSIP 92511W207
- SectorHealth care
- IndustryPharmaceutical Preparations
- HeadquartersWest Chester, PA
- 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: 17.2m as of 2026-07-31, 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 ≈ $6.12.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2025 | 5 |
| Q3 2025 | 33 |
| Q4 2025 | 50 |
| Q1 2026 | 39 |
| Q2 2026 | 43 |
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 2025 | 33 | 5 |
| Q4 2025 | 26 | 15 |
| Q1 2026 | 13 | 23 |
| Q2 2026 | 15 | 16 |
Biggest buyers
| Mariner, LLC | Added | +182.7k |
| CANNELL CAPITAL LLC | Added | +98.8k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +90.6k |
| BlackRock, Inc. | Added | +35.8k |
| FIFTH THIRD BANCORP | New | +14.0k |
| DIMENSIONAL FUND ADVISORS LP | New | +13.9k |
| XTX Topco Ltd | New | +13.7k |
| TWO SIGMA SECURITIES, LLC | New | +13.0k |
| HRT FINANCIAL LP | New | +13.0k |
| Verdad Advisers, LP | Added | +11.0k |
Biggest sellers
| MARSHALL WACE, LLP | Sold out | -140.5k |
| DAFNA Capital Management LLC | Reduced | -130.0k |
| Stonepine Capital Management, LLC | Sold out | -99.7k |
| ARMISTICE CAPITAL, LLC | Reduced | -91.9k |
| Squarepoint Ops LLC | Sold out | -75.2k |
| JANE STREET GROUP, LLC | Reduced | -25.6k |
| MORGAN STANLEY | Reduced | -19.2k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -10.6k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -9.8k |
| NORTHERN TRUST CORP | Reduced | -4.6k |
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 |
|---|---|
| Manning Paul B 13D · may seek influence filed 2025-11-28 | 49.9% |
Caligan Partners LP
13D · may seek influence
no change · filed 2025-12-30
Stated purposeOn December 26, 2025, pursuant to the Purchase Agreement, the Issuer appointed Dr. Charles Frantzreb, a designee selected by Caligan, as a Class I member of the Board, effective immediately. Full filing |
10.0% |
| Affinity Asset Advisors, LLC 13G · institution no change · filed 2026-01-29 | 5.5% |
Fell to 5% or below in the last year: ARMISTICE CAPITAL, LLC (5.0%, 2026-02-17)
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 | 3 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $2.8k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 5 | $18.0m | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 4 | $210.9k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-18 | Kirby John J. Interim CFO | Bought | $24.6k5.0k shares |
| 2026-08-18 | Rosenberg Noah L. CMO | Bought | $10.0k2.0k shares |
| 2026-08-17 | Zawitz David Chief Operating Officer | Bought | $29.9k6.0k shares |
| 2026-08-17 | Rieger Jayson CEO and President, director | Bought | $24.6k5.0k shares |
| 2026-08-17 | Rosenberg Noah L. CMO | Bought | $20.6k4.2k shares |
| 2026-08-14 | Rieger Jayson CEO and President, director | Bought | $101.2k20.0k 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 |
|---|---|---|
| Caligan Partners LP 0.27% of their portfolio | 923.9k $5.7m | Unchanged |
| CANNELL CAPITAL LLC 3.35% of their portfolio | 783.9k $4.8m | Added +98.8k |
| Affinity Asset Advisors, LLC 0.21% of their portfolio | 707.3k $4.3m | Unchanged |
| Velan Capital Investment Management LP 1.77% of their portfolio | 471.6k $2.9m | Unchanged |
| ARMISTICE CAPITAL, LLC 0.07% of their portfolio | 426.3k $2.6m | Reduced -91.9k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio | 280.7k $1.7m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 279.3k $1.7m | Added +90.6k |
| Mariner, LLC 0.00% of their portfolio | 207.2k $1.3m | Added +182.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 138.2k $845.7k | Reduced -757 |
| BlackRock, Inc. 0.00% of their portfolio | 74.3k $455.0k | Added +35.8k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 70.2k $429.5k | Added +5.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 40.8k $249.8k | Reduced -9.8k |
| STATE STREET CORP 0.00% of their portfolio | 28.9k $177.0k | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 27.0k $165.2k | Reduced -4.6k |
| DAFNA Capital Management LLC 0.03% of their portfolio | 23.8k $145.3k | Reduced -130.0k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 23.7k $144.8k | Reduced -25.6k |
| Verdad Advisers, LP 0.14% of their portfolio | 23.1k $141.2k | Added +11.0k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 21.8k $133.2k | Reduced -10.6k |
| Legacy Trust 0.02% of their portfolio | 16.6k $101.5k | Reduced -650 |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 14.0k $85.7k | New |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 13.9k $85.0k | New |
| XTX Topco Ltd 0.00% of their portfolio | 13.7k $84.0k | New |
| TWO SIGMA SECURITIES, LLC 0.01% of their portfolio | 13.0k $79.8k | New |
| HRT FINANCIAL LP 0.00% of their portfolio | 13.0k $79.0k | New |
| BECK MACK & OLIVER LLC 0.00% of their portfolio | 12.0k $73.4k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 6.1k $37.2k | Added +1.8k |
| MORGAN STANLEY 0.00% of their portfolio | 3.2k $19.6k | Reduced -19.2k |
| Capital Analysts, LLC 0.00% of their portfolio | 1.5k $9.0k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 862 $5.3k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 764 $5.0k | Reduced -201 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 614 $3.8k | Reduced -242 |
| Salomon & Ludwin, LLC 0.00% of their portfolio | 290 $1.7k | Unchanged |
| Allied Private Wealth LLC 0.00% of their portfolio | 202 $1.3k | First filing |
| New England Capital Financial Advisors LLC 0.00% of their portfolio | 200 $1.2k | Unchanged |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 175 $1.0k | Unchanged |
| Fortitude Family Office, LLC 0.00% of their portfolio | 127 $777 | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 110 $673 | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 102 $624 | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 64 $392 | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 47 $306 | Unchanged |
| Ameritas Advisory Services, LLC 0.00% of their portfolio | 30 $184 | New |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 26 $178 | Unchanged |
| VALLEY NATIONAL ADVISERS INC 0.00% of their portfolio | 25 $153 | New |