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SGP - Spyglass Pharma, Inc.

Insider Purchase by Mathers Edward T (10%)

3 Months
After Trade
Before Trade

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Trade Summary

1 month ago, Mathers Edward T, serving as 10% owner at Spyglass Pharma, Inc. (SGP), purchased 937,500 shares at $16.00 per share, for a total transaction value of $15,000,000.00. Following this transaction, Mathers Edward T now holds 6,035,038 shares of SGP.

This purchase represents a 18.00% increase in Mathers Edward T's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, February 9, 2026 and publicly disclosed via SEC Form 4 filing on Wednesday, February 11, 2026, 2 days after the trade was made.

Spyglass Pharma, Inc. operates in the NONE sector, specifically within the NONE industry. Insider buying activity in this sector can provide valuable signals about industry trends and company-specific developments.

Mathers Edward T

10%

Edward T. Mathers is a prominent venture capital investor and manager who serves as a key decision-maker at New Enterprise Associates 17, L.P. (NEA 17), one of the leading venture capital firms[[1]](https://www.stocktitan.net/sec-filings/SGP/form-3-spy-glass-pharma-inc-initial-statement-of-beneficial-ownership-0cb8675a6e1d.html)[[2]](https://www.stocktitan.net/sec-filings/SGP/form-4-spy-glass-pharma-inc-insider-trading-activity-ff537c6f6bac.html). Through his role as a manager of NEA 17 GP, LLC, the general partner of NEA 17, Mathers holds a 10% beneficial ownership stake in SpyGlass Pharma, Inc. (SGP)[[1]](https://www.stocktitan.net/sec-filings/SGP/form-3-spy-glass-pharma-inc-initial-statement-of-beneficial-ownership-0cb8675a6e1d.html)[[2]](https://www.stocktitan.net/sec-filings/SGP/form-4-spy-glass-pharma-inc-insider-trading-activity-ff537c6f6bac.html). His investment portfolio through NEA 17 demonstrates significant confidence in emerging pharmaceutical ventures, with his entity's holdings in SpyGlass including substantial positions in multiple preferred stock series that converted to common stock ahead of the company's initial public offering in February 2026[[1]](https://www.stocktitan.net/sec-filings/SGP/form-3-spy-glass-pharma-inc-initial-statement-of-beneficial-ownership-0cb8675a6e1d.html)[[2]](https://www.stocktitan.net/sec-filings/SGP/form-4-spy-glass-pharma-inc-insider-trading-activity-ff537c6f6bac.html). Mathers' involvement with SpyGlass Pharma reflects his strategic investment activity in the biopharmaceutical sector[[2]](https://www.stocktitan.net/sec-filings/SGP/form-4-spy-glass-pharma-inc-insider-trading-activity-ff537c6f6bac.html). On February 9, 2026, concurrent with SpyGlass's IPO, NEA 17 converted preferred stock holdings totaling 5,097,538 shares into common stock and subsequently purchased an additional 937,500 common shares at $16 per share, bringing the entity's total common stock position to 6,035,038 shares[[2]](https://www.stocktitan.net/sec-filings/SGP/form-4-spy-glass-pharma-inc-insider-trading-activity-ff537c6f6bac.html). This substantial investment underscores Mathers' active role in identifying and supporting promising pharmaceutical companies in their growth and public market transition stages[[2]](https://www.stocktitan.net/sec-filings/SGP/form-4-spy-glass-pharma-inc-insider-trading-activity-ff537c6f6bac.html).

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Trade Price

$16.00

Quantity

937,500

Total Value

$15,000,000.00

Shares Owned

6,035,038

Trade Date

Monday, February 9, 2026

55 days ago

SEC Filing Date

Wednesday, February 11, 2026

Filed 2 days after trade

NONENONE

About Spyglass Pharma, Inc.

Company Overview

No company information available
View news mentioning SGP

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