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 2026-03-02, 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 ≈ $5.29.
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2025 | 5 |
| Q3 2025 | 33 |
| Q4 2025 | 50 |
| Q1 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 2025 | 33 | 5 |
| Q4 2025 | 26 | 15 |
| Q1 2026 | 13 | 23 |
Biggest buyers
| CANNELL CAPITAL LLC | New | +685.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +71.3k |
| MARSHALL WACE, LLP | Added | +55.3k |
| Squarepoint Ops LLC | Added | +41.9k |
| BlackRock, Inc. | Added | +32.9k |
| Verdad Advisers, LP | New | +12.1k |
| NORTHERN TRUST CORP | Added | +11.6k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +6.0k |
| STATE STREET CORP | Added | +5.4k |
| UBS Group AG | Added | +4.2k |
Biggest sellers
| ARMISTICE CAPITAL, LLC | Reduced | -600.7k |
| Stonepine Capital Management, LLC | Reduced | -253.9k |
| Kalehua Capital Management LLC | Sold out | -235.8k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -67.6k |
| JANE STREET GROUP, LLC | Reduced | -52.5k |
| TWO SIGMA ADVISERS, LP | Sold out | -44.4k |
| Sovran Advisors, LLC | Sold out | -32.7k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -23.1k |
| OMERS ADMINISTRATION Corp | Sold out | -22.6k |
| DAFNA Capital Management LLC | Reduced | -19.7k |
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 in Q1 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 |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 5 | $1.1m | — |
| 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 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| Caligan Partners LP 0.35% of their portfolio | 923.9k $4.9m | Unchanged |
| Affinity Asset Advisors, LLC 0.22% of their portfolio | 707.3k $3.7m | Unchanged |
| CANNELL CAPITAL LLC 2.35% of their portfolio | 685.1k $3.6m | New |
| ARMISTICE CAPITAL, LLC 0.09% of their portfolio | 518.2k $2.7m | Reduced -600.7k |
| Velan Capital Investment Management LP 1.56% of their portfolio | 471.6k $2.5m | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio | 280.7k $1.5m | Unchanged |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 188.8k $998.5k | First filing |
| DAFNA Capital Management LLC 0.18% of their portfolio | 153.7k $813.1k | Reduced -19.7k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 140.5k $743.2k | Added +55.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 138.9k $735.0k | Added +71.3k |
| Stonepine Capital Management, LLC 0.46% of their portfolio | 99.7k $527.6k | Reduced -253.9k |
| Squarepoint Ops LLC 0.00% of their portfolio | 75.2k $397.9k | Added +41.9k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 65.1k $344.4k | First filing |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 50.7k $268.0k | Reduced -67.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 49.2k $260.3k | Reduced -52.5k |
| BlackRock, Inc. 0.00% of their portfolio | 38.6k $203.9k | Added +32.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 32.4k $171.2k | Added +6.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 31.6k $167.1k | Added +11.6k |
| STATE STREET CORP 0.00% of their portfolio | 28.9k $153.0k | Added +5.4k |
| Mariner, LLC 0.00% of their portfolio | 24.5k $129.8k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 22.4k $118.4k | Added +377 |
| Legacy Trust 0.02% of their portfolio | 17.2k $91.2k | Unchanged |
| Verdad Advisers, LP 0.07% of their portfolio | 12.1k $64.0k | New |
| BECK MACK & OLIVER LLC 0.00% of their portfolio | 12.0k $63.5k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 4.3k $22.6k | Added +4.2k |
| Capital Analysts, LLC 0.00% of their portfolio | 1.5k $8.0k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 965 $5.0k | Added +549 |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 862 $4.6k | First filing |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 856 $4.5k | Reduced -2.5k |
| Salomon & Ludwin, LLC 0.00% of their portfolio | 290 $1.6k | Unchanged |
| New England Capital Financial Advisors LLC 0.00% of their portfolio | 200 $1.1k | Unchanged |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 175 $961 | Unchanged |
| Fortitude Family Office, LLC 0.00% of their portfolio | 127 $672 | Reduced -481 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 110 $582 | Unchanged |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 102 $540 | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 47 $224 | Unchanged |
| Optiver Holding B.V. 0.00% of their portfolio | 31 $164 | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 26 $114 | New |
| MAI Capital Management 0.00% of their portfolio | 2 $11 | Unchanged |