PERRY MICHAEL S sold $1.0M of ARWR
PERRY MICHAEL S sold 11,600 shares of ARROWHEAD PHARMACEUTICALS, INC. (ARWR) at $87.30 ($1.01M total) on 2026-08-18.
How this was made
The 30-second read
Why it matters
The Form 4 filing provides the first public disclosure of this insider transaction.
Market read
Insider sales by directors can influence investor sentiment, especially in biotech where insider confidence is closely watched.
What to watch
No accompanying news on drug trials or earnings to contextualize the sale.
Background
Arrowhead Pharmaceuticals is a clinical-stage biotech developing RNAi therapeutics.
Ticker impact
Director Perry Michael S sold 11,600 shares of Arrowhead Pharmaceuticals for $1.0M, reducing his holdings to 111,459 shares.
Possible modest downward pressure in the near term.
A $1M sale by a director is material for a mid-cap biotech, but the amount is modest relative to market cap.
Market effects
May raise concerns for biotech sector investors monitoring insider activity.
Limited to U.S. biotech investors.
Low
Counterpoint
The sale could be a routine portfolio rebalancing, not a negative signal.
Key entities
- CompanyArrowhead Pharmaceuticals, Inc.
Issuer of the insider transaction.
- PersonPerry Michael S
Director and insider who sold shares.


